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Minnesota Exports Grew to $7.1B in 2Q
17 Sep 2024
News
Minnesota’s exports bumped up by 17% to $7.1 billion in the second quarter, driven largely by big upticks in trade with Canada and Mexico.
That’s according to the state’s latest export report released Monday. Exports to Canada leapt 40% to nearly $2.2 billion. Exports to Mexico, meanwhile, grew 44% to over $1.1 billion.
Perhaps unsurprisingly, the optic and medical category comprised the largest chunk of Minnesota’s exports worldwide. In the second quarter, the state’s exports of those products grew 17% to over $1.2 billion. “We know med-tech is a really important part of our economy,” Lt. Gov. Peggy Flanagan said in an interview Tuesday morning. “Whenever I travel or meet with folks internationally, it is always something that is brought up. … Med-tech is on virtually every trade mission that we do.”
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