Wisconsin exported significantly more goods and services in 2011 than in 2010, including an 18 percent growth in agricultural product exports, according to a report released Monday.
Exports increased by 11.4 percent to $22 billion, propelled by a record high $2.85 billion in agricultural exports according to the Department of Agriculture, Trade and Consumer Protection report.
The good news for Wisconsin’s economy comes after months of job loss and a budget shortfall that is much worse than expected.
“It shows how companies in Wisconsin are taking advantage of opportunities around the world to grow their own business and grow our economy,” Gov. Scott Walker said Monday in a statement. “I am particularly pleased that agricultural exports continue to be strong-businesses and family farms from all across our state are exporting their products to customers around the world.”
The top markets for Wisconsin goods were Canada, China, Germany and Australia. Canada accounted for 32.3 percent of all exports, an increase of 17% from 2010. But Wisconsin DATCP Secretary Ben Brancel said other countries also played a pivotal role.
“The recent passage of the Colombia, Panama and Korea trade agreements clarify entrance requirements to these countries and provide a more competitive playing field for Wisconsin exporters,” said Brancel. “These agreements allow Wisconsin companies greater access to international markets and increased possibilities for our agricultural products.”
Industrial machinery exports accounted for 31 percent of all exports, an increase of 8.3% from 2010. Products with the largest increase were construction and farm machinery, refrigerators and freezers. When compared nationally, Wisconsin ranked 16th among states for agricultural exports in 2011.
