Wisconsin exports decline further in start of Q2

Wisconsin’s exports dropped 8.3% combined in April and May, adding to a 0.66% decline in the first quarter, according to U.S. Census Bureau data.

For the first five months of the year, Wisconsin exports are now down 3.9%, a $371 million drop compared to the same period in 2018.

New data also showed metro Milwaukee exports decreased 5.2% in the first quarter compared to the same time in 2018.

Declining exports to China and Canada are primarily responsible for Wisconsin’s decline. Sales to Canada were down 11.1% in May after a 3.9% percent increase in April. Sales to China decreased 32.3% in April and 18.3% in May.

The state’s first and third largest export destinations, sales to Canada and China were down $117.2 million and $148.7 million respectively.

Exports to Mexico – the second largest destination for state products – are up by 3% or $41.8 million for the year, but in April and May shipments declined 6.9%.

Among other top export destinations, shipments to Australia increased 16.2%, Germany is up 5.1% and the United Kingdom increased 0.5%. Exports to South Korea decreased 16.2%, France is down 14.7%, the Netherlands decreased 9.7% and Japan is down 0.2%.

For the entire country, exports are down 0.14% for the first five months. In the first quarter, shipments increased 1.3% but in April and May exports dropped 2.2%.

Exports to China are down 19.3% for the year, sales to Canada are down 2.5% and Mexico is down 0.6%.

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Arthur Thomas
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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