Exports from Ocean State fall in February

FROM JANUARY TO FEBRUARY, exports from Rhode Island manufacturers dropped 15.4 percent, according to
Posted 4/18/13

PROVIDENCE – Exports from the Ocean State fell 15.4 percent in February to $192.9 million on a month-to-month, seasonally adjusted basis after rising 19.3 percent in January, according to an international trade statistics report from

Overseas shipments from Rhode Island manufacturers, which accounted for 65 percent of the month’s exports, decreased 7.5 percent from January to February to $126.1 million, seasonally adjusted.

Exports of non-manufactured goods totaled $66.9 million in February, a 27 percent decrease from the $91.7 million shipped in January. Non-manufactured goods include agricultural goods, mining products and re-exports, which are foreign goods that entered the state as imports and are exported in the same condition.

Year over year in February, total exports from Rhode Island fell 26 percent from the $260.7 million reported during February 2012. For the state’s manufactures, exports dropped 12.8 percent to $126.1 million from the $144.6 million reported during February last year.

Nationally, exports rose 3.1 percent to $132.2 billion from February 2012 to February 2013.

Year over year, for the first two months of 2013, Rhode Island’s exporters sold 4.6 percent less than they did during the first two months of 2012, as overall exports from the U.S. increased 2.8 percent year over year, according to the report.

Nationally, Rhode Island ranked 37th in export growth among the 50 states for the first two months of the year.

“The monthly numbers for 2013 indicate that American foreign sales continue to grow but at a slower pace than in 2012 amid flagging output and high unemployment in the industrial countries which reduced their foreign purchases,” Chief Economist Evangelos Otto Simos said in a report analyzing the export statistics.

Simos said that Rhode Island companies will likely receive bigger export orders from foreign buyers during 2013, but that the increases will not be as good as in previous economic recoveries. Simos added that predictions suggest that there will be better export opportunities in emerging economies than in industrial countries.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News