Manufacturers’ Message in Memphis: More Action on Exports

By October 22, 2010Trade

John Engler, president of the National Association of Manufacturers, addressed the Economic Club of Memphis Thursday, providing a broad overview of competitiveness issues. The Commercial Appeal reported. “Engler applauds emphasis on exports“:

Engler told members of the Economic Club of Memphis on Thursday that his organization hasn’t seen enough push by the administration to remove trade barriers, rein in regulatory overkill and create incentives to expand the manufacturing base.

“We applaud the goal of doubling exports,” he said.

“FedEx has outbound planes as well as inbound planes, and we want to see all those outbound planes full.”

The NAM has state-by-state data on trade, foreign investment and export-related manufacturing at the NAM website, here. For Tennessee:

Manufactured Exports Drive Tennessee’s Economy
• Manufacturing accounts for 93 percent of Tennessee’s exports (2009).
• Since 2003, Tennessee manufacturing exports grew 62 percent—2.4 times faster than the 26 percent rise in Tennessee’s overall economy.

Global Engagement Supports Tennessee Jobs
• Manufactured exports support 20 percent of Tennessee’s manufacturing jobs (U.S. average is 22 percent).
• Since 2003, Tennessee employment related to manufacturing exports grew 26 percent, while other private sector employment in the state fell by 0.3 percent.

Tennessee Manufacturers Are Engaged in Exporting around the World
• Top five U.S. export markets: 57 percent of Tennessee exports (2009).
• NAFTA (40%), China (5%), Japan (5%), UK (4%) and Germany (3%).

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