🔒 Which international locations noticed strongest development in imports, exports with Wisconsin in 2022?
Wisconsin’s imports and exports with China did develop in 2022, nevertheless it was different elements of the world the place the state noticed the biggest modifications this previous yr, in line with U.S. Census Bureau knowledge.
On the export facet, Wisconsin corporations exported $27.4 billion in items to different international locations in 2022, a rise of 10.4%.
Among the state’s high export locations led the expansion. Gross sales to Canada, the highest vacation spot for Wisconsin merchandise, had been up 14% to $7.95 billion. Exports to Mexico, the quantity two vacation spot for the state, elevated to $3.61 billion, a bounce of 16.4%.
Exports to Germany and the UK, the quantity 4 and 5 locations, had been up 19.3% and 22% respectively. Exports to Europe for the yr totaled $4.85 billion, a rise of 16.3%.
Wisconsin firm gross sales to China had been comparatively flat in comparison with 2021, up 0.4% to $1.81 billion. Shipments to the remainder of Asia had been up 5.7% to $4.33 billion.
On imports, Wisconsin introduced in $8.26 billion in items from China final yr, a rise of 11.1% from 2021.
Imports to the state from the remainder of Asia noticed stronger development of 15.6% in 2022, reaching $8.92 billion. Vietnam, the second largest Asian importer into Wisconsin, noticed development of greater than 27% to $2.5 billion. Imports from India had been up nearly 33% to $1.2 billion. Bangladesh, Thailand, Indonesia and Cambodia all noticed development of 38% or extra.
General, Wisconsin imports had been up 12.7% for 2022 to $41.1 billion.
Mexico, Central America and the Caribbean, and South America all noticed robust import development, up 23%, 34% and practically 24% respectively. Nevertheless, these areas mixed to account for roughly 11% of Wisconsin’s imports at $4.52 billion, together with $3.9 billion from Mexico.
Europe noticed a 9.3% enhance in imports to Wisconsin in 2022, reaching practically $13 billion. Canada’s imports to Wisconsin final yr had been up 10.8% to $6.1 billion.