Monday, April 07, 2008

Weak Dollar Benefiting Michigan Exports

MICHIGAN--Manufacturers in Michigan and the rest of the country are benefiting from a weak dollar that is making their goods sold abroad cheaper, while imported goods are becoming more costly. In fact, a boom in Michigan exports is one of few bright spots in a mostly gloomy state economy. Exports from Michigan have risen 31% in the past five years, from $33.8 billion in 2002 to $44.4 billion last year, according to the U.S. Commerce Department (see chart above).

For an excellent database of state export data, click here.

3 Comments:

At 4/07/2008 8:52 PM, Blogger juandos said...

"Exports from Michigan have risen 31% in the past five years, from $33.8 billion in 2002 to $44.4 billion last year"...

Hmmm, has Gov. Granholm announced another round of tax hikes again?

 
At 4/07/2008 9:11 PM, Anonymous Fred said...

How are exports of people figured into this?

 
At 4/08/2008 4:45 PM, Blogger Angus said...

shouldn't these numbers be adjusted for inflation?

 

Post a Comment

<< Home