Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
Kentucky shatters export record in 2016
Aerospace, motor vehicles and pharmaceuticals remain state's top exports
By Jack Mazurak/Woody Maglinger
Frankfort, KY - Kentucky's exports broke an all-time record in 2016 with $29.24 billion in goods and services shipped abroad from the Commonwealth, a 5.8-percent increase from 2015.
Aerospace products and parts led all categories with more than $10.85 billion in goods exported internationally, an increase of more than 24 percent over 2015. Kentucky ranked second nationally for 2016 in aerospace-related exports.
"Kentucky is headed in the right direction and the business community is taking notice. This new record is unequivocal proof of our positive trajectory," said Gov. Bevin. "As we improve our business climate, global demand for our brands and expertise continues to grow, attracting new companies while at the same time strengthening existing partnerships. Together, we are moving forward. The economic future in Kentucky is very bright, indeed!"
Overall, the state's 2016 exports increased $1.6 billion over the 2015 total. That placed Kentucky eighth among all U.S. states by percentage increase, according to data from the U.S. Census Bureau Foreign Trade Division and WISERTrade.
Kentucky's strong showing in exports - ranking 17th nationally by dollar amount - continued its years-long trend of punching above its weight. As a state with 4.4 million people, Kentucky ranks 26th nationally in size.
As well, Kentucky's positive numbers stand in contrast to a 3.3 percent decline nationally in exports during 2016. Additionally, the fact Kentucky is not along a coast speaks volumes about the state's logistics industry - which includes air cargo, rail, barge and ship, and trucking capacities - and its ever-increasing ability to quickly send products across the world.
Kentucky exported to 199 nations in 2016, with Canada, the United Kingdom, France, Mexico and Brazil as the state's top five trade partners. The Commonwealth sold nearly $7.5 billion in products and services to Canada last year, nearly three times as much as the next destination, the U.K.
Among the state's largest percentage increases by destination in 2016 were France (59.8 percent), Malaysia (31.8 percent), the Republic of Korea (28.2 percent), Hong Kong (26.8 percent) and Brazil (17.6 percent).
By industry category, following aerospace were motor vehicles ($3.32 billion), pharmaceuticals and medicines ($1.81 billion), motor vehicle parts ($1.76 billion), resin and synthetic rubber, artificial and synthetic fiber and filament ($1.1 billion) and basic chemicals ($741 million). Those categories are established under the North American Industry Classification System.
Aerospace saw the highest percentage increase in 2016 (24.3 percent), followed by motor vehicle parts (12 percent) and pharmaceuticals and medicines (9 percent).
The Commonwealth ranks sixth nationally in motor vehicle exports for 2016. In total, Kentucky's automotive industry - with parts, bodies, trailers and whole vehicles combined - exported nearly $5.5 billion in products throughout 2016.
The state's horses, live, purebred breeding industry ranked first in the nation in 2016, with $195.2 million exported, a 33.1 percent increase over the previous year. Kentucky also exported whisky to Cuba, wine to France and beer to Ireland during 2016.
This story was posted on 2017-02-15 09:44:45
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
More articles from topic Kentucky:
Paradise #9 Mine Chief of Maintenance charged in safety case
Kentucky DOR processing refunds earlier than expected
Grimes joins Quarles, supporting Farms to Food Banks tax credits
Beth Shields named Kentucky State Archivist
Gov. Bevin orders 'fair chance' for workers seeking state jobs
Simpson County, KY, woman guilty of bank robbery
Amazon to locate Prime Air Shipping Hub at NKY's CVG Airport
January is National Birth Defects Prevention Month
KOHS urges safe driving on Superbowl Sunday
Justices and judges participate in KY Opioid Summit in Louisville
View even more articles in topic Kentucky
Click for Info
Bank of Columbia
If You're Thinking of Selling,
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.