September Rhody exports surge year over year, drop compared with August

RHODE Island exports surged 23.9 percent in September from a year earlier. For a larger version of this chart, CLICK HERE.
Posted 11/23/11

PROVIDENCE – Rhode Island exports surged 23.9 percent in September from a year earlier.

Exports grew to $192.1 million from $155.1 million, according to data released Wednesday by

When compared with a month earlier, however, September exports slipped 0.4 percent.

Manufactured goods, which accounted for 56 percent of all state exports, advanced 8.2 percent in September from a year earlier and 9.8 percent from August.

Non-manufactured exports - agricultural goods, mining products and re-exports – surged 51.2 percent from a year earlier to $85.3 million. Nevertheless, when compared with August, non-manufactured goods dropped 10.8 percent.

In a ranking of export growth for the first nine months of the year, Rhode Island ranked at No. 13 among the 50 states, with 24.8 percent growth. Louisiana, West Virginia and North Dakota had the largest growth at 45.2 percent, 40.4 percent and 38.4 percent, respectively.

Nationally, exports grew 18.9 percent year over year in September to $127.3 billion.

“The latest monthly and quarterly economic indicators from around the globe confirm that the world economy has slowed down amid the financial crisis in Europe and weakening growth in Asia. As a result, we see a fading trend in the foreign demand for goods made in Rhode Island,” said chief economist Evangelos Simos.

The Institute of Supply Management, he said, reported its export orders index was flat in October, following 28 consecutive months of growth in incoming orders from abroad.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News