Metro Milwaukee export growth ahead of other Midwest metros in Q1

Trucks line up to deliver agricultural products to the privately-operated Cofco International grain elevator in the Milwaukee harbor.
Trucks line up to deliver agricultural products to the privately-operated Cofco International grain elevator in the Milwaukee harbor.

Last updated on June 17th, 2022 at 02:42 pm

Metro Milwaukee exports topped more than $2 billion in the first quarter of the year, a 15.7% increase from the prior year that outpaced most other major Midwestern Metro areas, according to U.S. Census Bureau data.

Nationally, total exports increased 18.2% in the first quarter and 19.3% for metro areas. Only St. Louis, up 27.6%, and Chicago, up 26.7%, saw stronger export growth in the Midwest. Other Midwestern metros included in the Census data include Detroit, Minneapolis-St. Paul, Indianapolis, Cleveland, Peoria, Kansas City, and Columbus, Ohio.

Combined, the 10 metros in the data exported $45.4 billion in goods in the first quarter, an 11.2% increase.

Milwaukee’s 15.7% increase was the metro area’s best relative performance since the first quarter of 2020 when it’s 6.9% increase was the best in the region.

Looking at the past 12 months of data, Milwaukee still holds up well with a 15.1% increase compared to the 12 months ending in the first quarter of 2021. Exports for the 10 Midwest metros are up 21.3% over that period and Chicago, Detroit, Minneapolis-St. Paul, Indianapolis, Cleveland and St. Louis have all outpaced Milwaukee.

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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