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Oklahoma exports rise 12 percent in first half of year

More Oklahoma companies are exporting more things to more places, including overseas, experts say.
by Don Mecoy Modified: August 17, 2012 at 1:03 am •  Published: August 17, 2012

Marcus Verner, director of U.S. Commercial Service in Oklahoma, attributed the growth to the determination of Oklahoma businesses.

“The primary reason is Oklahoma companies are persistent in wanting to be in the marketplace,” Verner said. “They are finding every opportunity to try and continue to grow.”

The state's export growth came with some new trade partners, topped by 110 percent growth to the United Arab Emirates, 79 percent growth to Argentina and 51 percent growth to Singapore. Oklahoma's top trade partners are Canada and Mexico.

The state's top exported products are items associated with the energy and aerospace sectors, Lucas said. However, she said, medical equipment and services are growing export sectors for the state.

The top merchandise categories that showed growth included machinery, transportation equipment, electronic and fabricated metal products and food, according to the International Trade Administration.

Verner said boosting exports makes for healthier businesses.

“One of the most important aspects of exporting is that it helps firms to diversify their portfolios and buffer changes in the domestic economy, and that's good for business,” Verner said.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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At a glance

Top destinations for Oklahoma exports, 2011

Canada$1.9 billion, 31.2 percent

Mexico$523 million, 8.4 percent

Japan$404 million, 6.5 percent

China$367 million, 5.9 percent

Singapore$169 million, 2.7 percent

Australia$168 million, 2.7 percent

Germany$157 million, 2.5 percent

Brazil$152 million, 2.4 percent

United Kingdom$136 million, 2.2 percent

Colombia$126 million, 2 percent

SOURCE: Oklahoma Commerce Department

Top Oklahoma exports, 2011

Civilian aircraft, engines, and parts5.1 percent

Medical equipment3.1 percent

Swine meat2.5 percent

Pump parts2.3 percent

Electric conductors2.3 percent

Data processing storage units2.2 percent

Cotton1.8 percent

Drilling parts1.8 percent

Tires1.6 percent

SOURCE: U.S. Census Bureau


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