BERC Global Commerce Report Shows Relatively
Better Export Trends for Tennessee
MURFREESBORO, Tenn. — In 2014, there were 7,326 different exporters in Tennessee, a 2.5
percent increase from 2013 and a 7.4 percent increase from 2010. The number of
Tennessee exporters has grown significantly faster than the total number of
American exporters.
These are among the findings of the new
Global Commerce report by the
Business and Economic Research Center in Jones College of Business at Middle
Tennessee State University. The report highlights both trends in the location
of Tennessee’s exporters and trade trends in Tennessee. This issue of the
award-winning signature BERC publication highlights potential strengths and
weaknesses of Tennessee’s trade dynamics within the context of global economic
trends.
“The one interesting trend is that the
central areas of Knoxville, Nashville, and Memphis generally saw declines in
the number of exporters, while their immediately surrounding metro areas all
saw gains,” said Dr. Steven Livingston, Global
Commerce editor and BERC fellow who has produced the quarterly report since
the late 1990s.
Highlights of the report include:
●
Number of
Tennessee exporters: Up from 2010
●
Rising export zip
codes: La Vergne and Morristown
●
Export trend: 0.66
percent growth (10th in the nation)
●
Top
export sectors: Medical equipment and motor vehicle parts
●
Fastest growing
areas: Electric storage battery parts and activated carbon
●
Declining
products: Peptones and derivatives and drive axles with differentials
●
Fastest growing
markets: Czech Republic and Saudi Arabia
●
Declining
markets: Oman and Indonesia
“Global
Commerce is a core BERC product,” said Dr. Murat Arik, director of BERC.
“We will continue to build on its excellent tradition and provide an
award-winning product for Tennessee manufacturers, exporters, and leaders.”
About the MTSU Business and Economic Research Center (BERC)
BERC supports the public service
activities of Jennings A. Jones College of Business. The center engages in a
variety of educational and research activities aiding businesses, government,
civic organizations, and other interested individuals in understanding
Tennessee’s economic and business climate. For more information, please visit www.mtsu.edu/berc.
Contact:
Steven Livingston, PhD
BERC
Fellow and Professor
Business
and Economic Research Center
Jones
College of Business
Middle
Tennessee State University
Phone: 615.898.2720
E-mail: Steven.Livingston@mtsu.edu
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