Exports from Arizona worldwide totaled $14.9 billion for 2005, an increase of 11.37% when compared to 2004.
In 2005, Mexico continued in its number one position; Arizona exports to Mexico posted a 25% gain over 2004. Canada is still at its traditional second spot with an increase of 16.46%. Malaysia remains in third place; the UK takes fourth place over Germany that moves to fifth.
As a region, Asia continues to dominate the top 10, with 5 countries. Exports to Singapore increased significantly with 20.38% primarily influenced by the Electrical Machinery sector. We can notice three European countries in the top 10. Netherlands has an extraordinary increase of 284.23% over 2004. The UK and Germany displayed an increase of 15.79% and 8.08%. The Mining, Electrical Machinery and Aerospace sectors strongly influenced these results.
The Electronics sector continued its comeback, and Machinery rallied to take the second spot from Aerospace sector.
Top 10 export markets
|
Country |
Amount |
%age change Compared to 2004 |
|
Mexico |
$4.7 billion |
+25.39% |
|
Canada |
$1.6 billion |
+16.46% |
|
Malaysia |
$778 million |
+4.65% |
|
UK |
$760 million |
+15.79% |
|
Germany |
$743 million |
+8.08% |
|
Singapore |
$726 million |
+20.38% |
|
China |
$649 million |
+3.26% |
|
Netherlands |
$526 million |
+284.23% |
|
Thailand |
$519 million |
+18.04% |
|
Japan |
$514 million |
+17.07% |
Top 5 product sectors
|
Product Sector |
Amount |
%age change compared to 2004 |
|
Electrical machinery |
$6.1 billion |
+ 11.19% |
|
Machinery |
$2.3 billion |
+ 9.5% |
|
Aircraft, spacecraft |
$1.4 billion |
- 10.06% |
|
Optics, medical instruments |
$949 million |
+ 6.08% |
|
Plastic |
$504 million |
+ 9.47% |
Source: US Census Bureau and Global Trade Information Services Inc