Tuesday, 08 13, 2013
Mandy Lambert 502-564-4886
Kentucky’s 12.6 percent export growth outpaces
national average of 1 percent; aerospace, motor vehicles lead the way
FRANKFORT, Ky. (Aug. 13, 2013) – High global demand for Kentucky-made
products and services have pushed the state’s export activity into high gear.
Gov. Steve Beshear today announced Kentucky ranks second in the nation for
export growth in the first half of 2013.
With more than $12.1 billion in exports so far, Kentucky’s exports are up
12.6 percent from last year’s mid-point total of $10.8 billion. The state’s
growth significantly outpaces the national average of 1 percent for the first
half of 2013.
coming off a banner year for exports, and now with a mid-year total of $12.1
billion in exports, we are on pace to improve on last year’s record-breaking
total of $22 billion,” said Gov. Beshear. “We have made the goal of increasing
exports a key component of our economic development strategy. Ranking second in
the nation in export growth is a reflection of those efforts and is a testament
to the quality of Kentucky-made goods and services.”
Companies in the Commonwealth have exported to 192 countries
so far this year, with the top destinations including Canada ($3.9 billion, up
8.2 percent), Mexico ($895 million, up 4.4 percent) and the United Kingdom
($830 million, up 17.9 percent). Kentucky’s top export categories include motor
vehicles, aerospace products and parts, pharmaceuticals and medicines, basic
chemicals, glass and glass products.
Kentucky’s mid-year export pace trails only New Hampshire.
Washington is third.
Gov. Beshear has
placed a heavy emphasis on boosting export activity in the Commonwealth.
In late 2010, Gov. Beshear created the Kentucky Export Initiative (KEI),
streamlining the efforts of trade-related agencies and organizations across the
state to better facilitate international trade opportunities for Kentucky
“A lot of the
credit for Kentucky’s success really goes to the teamwork of the partners of
the Kentucky Export Initiative, which have been tireless in their efforts to
help businesses in the Commonwealth sell more goods and services to the rest of
the world than ever before,” said Cabinet for Economic Development Secretary
Larry Hayes. “Under Gov. Beshear’s leadership, we will continue to do
everything we can to boost exports and strengthen the economy here in the
The KEI partners include the following: Kentucky Cabinet for
Economic Development, World Trade Center Kentucky, Kentucky Association of
Manufacturers, Kentucky Chamber of Commerce, Bluegrass Economic Advancement
Movement, Kentucky Association of Economic Development, Kentucky Small Business
Development Center, U.S. Commercial Service and Northern Kentucky International
summer, Gov. Beshear led a delegation of KEI partners and Kentucky companies on
its first joint trade mission, visiting Canada, the state’s largest trading
information on the Kentucky Export Initiative, visit www.kyexports.com.
on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans
of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s
“This is My Kentucky” video on YouTube.