- 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