International trade generates $12.2 billion in Mississippi
According to the Business Roundtable, international trade supports an estimated 320,000 jobs in Mississippi and generated $12.2 billion in goods exports in 2012.
Trade is a powerful engine for economic growth, supporting American jobs and increasing U.S. exports to countries around the world,” said Business Roundtable President John Engler. “With 95 percent of the world’s population outside of the United States, and more than one in five American jobs supported by trade, U.S. international trade and investment agreements have a major role to play in maximizing economic growth in Mississippi and all 50 states.”
Highlights from the Mississippi state analysis:
- Mississippi’s trade-related employment grew eight times faster than total employment from 2004 to 2011.
- Mississippi’s goods exports have grown four times faster than state GDP since 2002.
- Seventy-five percent of Mississippi exporters are small- and medium-sized companies with fewer than 500 workers.
- U.S. trade with free trade agreement (FTA) partner countries has led to export growth, and since 2002, Mississippi’s goods exports to FTA partners have increased by 420 percent. In 2012, $7.6 billion of Mississippi’s goods exports, or 62 percent, went to FTA partners.