Minnesota’s exports fall in second quarter

MINNEAPOLIS (AP) — Minnesota’s exports decreased nearly 6 percent in the second quarter as falling sales in Canada and China prompted the first such decline since the recession.

The Star Tribune reports (http://bit.ly/14IapnG ) exports to Europe rose 12 percent driven by growing sales in Germany, the Netherlands and Switzerland. But it wasn’t enough to offset the effects of a slowing Chinese economy and lower shipments of ore and fuel to Canada.

According to figures released Thursday by the Minnesota Department of Employment and Economic Development, exports to Canada fell $182 million, or 15 percent, and they fell $155 million to China, or 21 percent. The two countries account for 40 percent of Minnesota exports.

State companies posted international sales of $5.2 billion, a 5.7 percent drop from the same period a year ago.

___

Information from: Star Tribune, http://www.startribune.com

blog comments powered by Disqus