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Indiana Manufacturers are Exporting at Record Levels

Posted 9:17 PM by

In a recent study by Indiana University’s Kelley School of Business, it was determined that Indiana manufacturers are exporting at record levels. Indiana exports reached $34.4 billion during 2012, which is a record level for the state. Exports grew by 6.6% in 2012, which exceeds the level of growth for both the Midwest and the nation.

However, this is not the fastest percentage of growth that the state has previously experienced (25.6% growth in 2010 and 12.3% growth 2011). The decrease in growth rates was determined in the study to be due to economic concerns in the Eurozone countries.

The study also determined that Canada was the largest importer of Indiana manufactured goods. The state’s top exported items were vehicles and auto parts ($7.9 billion), followed by pharmaceutical products ($6 billion).

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

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