KY State Seal
 
Commonwealth of Kentucky

Cabinet for Economic Development

 
PAUL PATTON
Governor

 		300 West Broadway
Frankfort, KY 40601

 MARVIN E. STRONG, JR.
Secretary
May 19, 2003
For Immediate Release 		 

Contact: Mandy Lambert
502-564-7670 



KENTUCKY EXPORTS INCREASED BY 17% (17.2%) IN 2002

(Frankfort, KY) Success in today's economy requires a world view. Exports keep over 3,850,000 Americans working and Kentucky's companies are quickly becoming competitive players in the global marketplace. Last year, Kentucky companies sold more than $10.6 billion of goods overseas. That is an increase of 17%, compared to most other states, (the United States declined by -5.2% in exports from 2001) (21 States had a percentage increase in exports from 2001, while 30 states plus the D.C. had declines in exports) which had some kind of decrease in exports. This accounts for about ten percent of the state gross product and provides manufacturing jobs for an estimated 38,000 workers. Approximately 35,000 additional jobs in non-manufacturing industries are indirectly sustained by manufacturer's exports. For 2002, it is estimated that Kentucky's exports directly create 38,300 manufacturing jobs, indirectly create 35,200 mfg. jobs, and induce 39,200 mfg. jobs. Additionally, it is estimated that Kentucky total exports account for more than 46,300 total direct jobs, (total) indirectly create 37,400, and (total) induce 41,600 jobs in Kentucky.

Kentucky's export growth rate in 2002 was the 3rd largest of all 50 states (plus the District of Columbia). Kentucky has had the 6th largest increase in exports since 1997. The Commonwealth is the only state in the top ten (exports per capita) that does not have a border with another country (Canada or Mexico) or a major port of entry/exit for products. The average annual growth rate in Kentucky exports from 1997-2002 was 33.4 % compared to the flat overall growth rate of 0.8% for the United States.

Kentucky is ranked first for the exporting of livestock and livestock products. The transportation equipment industry sector is Kentucky's largest export segment with exports totaling $4.47 billion in 2002. Major importers of Kentucky's transportation equipment included: Canada, France, Japan, and the United Kingdom. The remaining top ten export industries include chemicals, computer & electronic products, machinery, fabricated metal products, electrical equipment, primary metal manufacturing, non metallic mineral products, plastics and rubber products, and livestock & livestock products.

"Kentucky maintains trade offices in Mexico and South America to help Kentucky companies find opportunities in these increasingly important and lucrative markets," stated Mary Beth Warner, Director of the International Trade Division.

Kentucky's Estimated Export Related Gross State Product by Industrial Sector:

2002 Values in $1,000

  

Export-related Gross State Product, by Industrial Sector (2002 values, in thousands of $)

Industry Sector

Direct

Indirect

Induced

Total

Transportation equipment

$ 1,270,332

$ 84,912

$ 9,140

$ 1,364,384

Chemicals and allied

$ 558,942

$ 196,312

$ 26,182

$ 781,436

Wholesale Trade

$ 14,192

$ 455,498

$ 103,930

$ 573,620

Electrical equipment

$ 422,265

$ 86,933

$ 6,537

$ 515,735

Retail Trade

$ -

$ 29,989

$ 406,931

$ 436,920

Real estate

$ -

$ 67,212

$ 337,679

$ 404,892

Industrial machinery

$ 283,684

$ 98,781

$ 4,605

$ 387,070

Health services

$ -

$ 612

$ 272,967

$ 273,579

Business services

$ -

$ 177,835

$ 55,798

$ 233,633

Non-metal mining

$ 218,192

$ 3,645

$ 383

$ 222,220

Farms

$ 107,553

$ 47,740

$ 22,915

$ 178,209

Fabricated metal

$ 135,456

$ 27,909

$ 1,184

$ 164,549

Food processing

$ 94,279

$ 13,035

$ 46,783

$ 154,097

Banking

$ -

$ 72,579

$ 79,982

$ 152,561

Utilities

$ -

$ 85,919

$ 61,909

$ 147,828

Miscellaneous Manufacturing

$ 106,949

$ 1,637

$ 931

$ 109,516

Motor Freight Transport and Warehousing

$ -

$ 82,608

$ 18,869

$ 101,477

Pulp and paper

$ 37,856

$ 46,235

$ 9,528

$ 93,618

Printing and publishing

$ 53,888

$ 26,824

$ 11,050

$ 91,762

Professional services

$ -

$ 63,767

$ 21,377

$ 85,144

Primary metals

$ 72,979

$ 9,646

$ 194

$ 82,819

State & local non-ed government

$ -

$ 36,835

$ 39,826

$ 76,661

Automotive services

$ -

$ 50,258

$ 25,042

$ 75,300

Communications

$ -

$ 37,180

$ 36,143

$ 73,324

Rubber products

$ 68,795

$ 2,069

$ 261

$ 71,125

Textiles

$ 63,757

$ 4,752

$ 1,185

$ 69,694

Legal Services

$ -

$ 33,154

$ 28,322

$ 61,476

Construction

$ -

$ 38,072

$ 14,001

$ 52,074

Wood products

$ 25,345

$ 16,534

$ 2,227

$ 44,106

Apparel

$ 21,267

$ 10,294

$ 11,851

$ 43,412

Insurance Carriers

$ -

$ 4,114

$ 37,662

$ 41,776

Federal non-military

$ -

$ 19,501

$ 18,321

$ 37,822

Hotels and Lodging Places

$ -

$ 22,284

$ 14,186

$ 36,470

Furniture

$ 10,035

$ 22,083

$ 4,024

$ 36,142

Personal services

$ -

$ 4,116

$ 28,184

$ 32,300

Recreation services

$ -

$ 2,726

$ 25,381

$ 28,108

Social services

$ -

$ 2,451

$ 25,561

$ 28,012

Non-profit organizations

$ -

$ 3,634

$ 22,823

$ 26,457

Credit Agencies

$ -

$ 11,792

$ 14,139

$ 25,931

Petroleum products

$ 1,670

$ 15,423

$ 7,281

$ 24,375

Security and Commodity Brokers

$ -

$ 12,160

$ 11,133

$ 23,294

Railroads and Related Services

$ -

$ 19,802

$ 3,213

$ 23,016

Education services

$ -

$ 2,250

$ 17,985

$ 20,235

Repair services

$ -

$ 11,648

$ 3,908

$ 15,556

Agricultural Services

$ -

$ 11,074

$ 4,259

$ 15,333

Air Transportation

$ -

$ 9,000

$ 5,062

$ 14,063

Scientific instruments

$ -

$ 11,805

$ 2,076

$ 13,881

Tobacco Manufacturing

$ -

$ 56

$ 12,275

$ 12,331

Stone, glass and clay

$ -

$ 7,976

$ 1,091

$ 9,067

Insurance Agents and Brokers

$ -

$ 814

$ 7,452

$ 8,266

Forestry Products

$ 6,485

$ 0

$ 0

$ 6,485

Domestic Services

$ -

$ -

$ 6,243

$ 6,243

Leather products

$ 4,963

$ 312

$ 694

$ 5,969

Local, Interurban Passenger Transit

$ -

$ 1,793

$ 3,635

$ 5,428

Coal Mining

$ -

$ 4,072

$ 920

$ 4,992

Water Transportation

$ -

$ 2,859

$ 1,226

$ 4,084

Motion Pictures

$ -

$ 1,166

$ 2,857

$ 4,023

Transportation Services

$ -

$ 2,693

$ 1,173

$ 3,866

Oil mining

$ 65

$ 2,207

$ 887

$ 3,159

Pipe Lines, Except Natural Gas

$ -

$ 467

$ 208

$ 676

Commercial Fishing

$ -

$ 31

$ 44

$ 75

Metal mining

$ -

$ 4

$ 0

$ 4

Total

$ 3,578,948

$ 2,119,092

$ 1,941,639

$ 7,639,679

 

The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2002 totaled more than $3.2 billion with the creation of nearly 13,000 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.thinkkentucky.com.

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