State Exports Topped $34 Billion in 2012, a New Record

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  • Indiana’s exports in 2012 totaled $34.4 billion, a new record in statewide exports, equating to $94.3 million per day.  The state’s growth rate of 6.6 percent exceeded the Midwest (6.1 percent) and the nation (4.4 percent).
  • Indiana’s top export trading partner is with Canada ($11.9 billion), which grew by 0.4 percent since 2011 largely due increased demand for electrical machinery and plastics industries.
  • The robust international trade levels help explain why Indianapolis’ industrial bulk and distribution market is seeing construction activity thrive; just over 2.0 million square feet has been completed year-to-date while another 2.8 million is underway. Meanwhile, total direct absorption in the first half of 2012 is nearly 1.9 million square feet.

Source: Jones Lang LaSalle, Indiana Business Research Center

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