state report west virginia · 2020. 6. 9. · west virginia ranked 45th among u.s. states and...
TRANSCRIPT
WEST VIRGINIA REPORT
2019 UPDATE
UAE – U.S.
HISTORICAL TRADE RELATIONSHIPS
Table of Contents
Section Contents Page
I US Exports to the UAE 3
II UAE-Supported Employment 9
III Appendices 10
3
II
45th $40.1MChemical Manufacturing
Largest Exporting State Four-Year Total Exports
Top Exporting Sector
Chemical Manufacturing $6.2M 64Sector with Largest Increase in Exports Since 2018
Trade Surplus in 2019
Jobs Supported by Exports
AA BB CC
DD EE FF
West Virginia Exports to the UAE
West Virginia ranked 45th among U.S. states and territories with $40.1M in goods exported to the UAE between 2016 and 2019
4
Exhibit I.1 | U.S. State Rankings of Exports to the UAE ($ in Billions)
AA
IIWest Virginia Exports to the UAE
Source: US Census Bureau USA Trade Online (excluding exports where state was not specified)
$12.2M$11.6M
$5.7M
$10.6M
2016 2017 2018 2019
West Virginia Annual Exports to the UAE
0.06%0.06%
0.03%
0.05%
2016 2017 2018 2019
West Virginia Exports As % of Total U.S.-UAE Exports
5
Total value of 2019 goods and % of total U.S. exports is second lowest in last four years but both have nearly doubled since 2018BB
IIWest Virginia Exports to the UAE
Exhibit I.2 | West Virginia Export Values and Percent of Total by Year
Source: US Census Bureau USA Trade Online (excluding exports where state was not specified)
$ in millions
Rank State 2016 2017 2018 2019 Trend Line 2016-2019
All U.S. States $22,027.0 $19,690.8 $19,177.3 $19,684.7 $80,579.8
45 West Virginia 0.1% 0.1% 0.0% 0.1% 0.0%
West Virginia $12.2 $11.6 $5.7 $10.6 $40.1
1 Washington 18.9% 20.8% 10.8% 3.6% 13.7%
Washington $4,157.6 $4,104.7 $2,080.5 $717.4 $11,060.2
5 Florida 6.8% 6.3% 5.0% 5.1% 5.8%
Florida $1,487.5 $1,244.6 $949.9 $1,011.3 $4,693.3
10 Illinois 2.8% 2.6% 2.6% 2.0% 2.5%
Illinois $622.5 $503.5 $494.3 $402.3 $2,022.6
20 Kentucky 0.8% 0.9% 1.3% 2.5% 1.3%
Kentucky $168.2 $172.8 $244.7 $484.2 $1,069.9
30 Mississippi 0.3% 0.3% 0.7% 0.3% 0.4%Mississippi $59.3 $51.9 $137.7 $49.4 $298.2
6
In 2019, Chemical Manufacturing and Other Transportation Equipment Manufacturing were the largest exporting sectors
Exhibit I.3 | West Virginia’s Exporting Sectors in 2019
CC
IIWest Virginia Exports to the UAE
Source: US Census Bureau USA Trade Online (excluding exports where state was not specified)
7.6M
2.1M
0.2M0.2M 0.1M 0.1M 0.1M 0.1M 0.1M
10.6M
0 1 2 3 4 5 6 7 8 9 10
0
5
10
15
20
25
$0
$2
$4
$6
$8
$10
$12
Chemicalmanufacturing
Othertransportation
equipmentmanufacturing
Computer andelectronicproduct
manufacturing
Machinerymanufacturing
Nonmetallicmineral productmanufacturing
Electricalequipment and
appliancemanufacturing
Scrap, second-hand, and
specialclassification
Fabricatedmetal productmanufacturing
Others Total
Top 8 Sectors Accounted for approximately $10.6M or 99% of Total Exports from West Virginia to the UAE
Top 4 Sectors Accounted for approximately $10.2M or 96% of Total Exports from West Virginia to the UAE
7
From 2018 to 2019, Chemical Manufacturing sector had the largest increase in exports. Machinery Manufacturing sector had the largest decrease
Exhibit I.4 | West Virginia’s Exporting Sector Movements From 2018 to 2019
DD
IIWest Virginia Exports to the UAE
Source: US Census Bureau USA Trade Online (excluding exports where state was not specified)
$5.7M
$10.6M
Starting:2018
Chemicalmanufacturing
Othertransportation
equipmentmanufacturing
Machinerymanufacturing
Primary metalmanufacturing
Crop andanimal
production
Plastics andrubber
productsmanufacturing
Computer andelectronicproduct
manufacturing
Scrap,second-hand,and special
classification
Other Ending:2019
Decreases in ExportsIncreases in Exports
Chemicalmanufacturing
Scrap, second-hand, and
specialclassification
Othertransportation
equipmentmanufacturing
Textile andtextile product
mills
Machinerymanufacturing
Computer andelectronicproduct
manufacturing
Nonmetallicmineral productmanufacturing
Electricalequipment and
appliancemanufacturing
Other
Exports $7.6M $0.1M $2.1M $0.0M $0.2M $0.2M $0.1M $0.1M $0.1M
Imports $0.00M $3.19M $0.00M $1.26M $0.01M $0.00M $0.00M $0.00M $0.00M
Balance $7.6M -$3.1M $2.1M -$1.3M $0.2M $0.2M $0.1M $0.1M $0.1M
Trade Balance
8
West Virginia had a $6.2M trade surplus with the UAE in 2019
Exhibit I.5 | West Virginia’s Trade Surplus with the UAE by Sector
EE
IIWest Virginia Exports to the UAE
Source: US Census Bureau USA Trade Online (excluding exports where state was not specified)
$10.6M
$4.5M
Trade Surplus in 2019:$6.2M
Export to the UAE Import from the UAE
West Virginia 2019 Employment
Driven by Export to the UAE
FF
9Source: US Census Bureau USA Trade Online & US DoC BEA Regional Input-Output Multipliers State Data
IIII
167,433Jobs Created
APPENDICES
10
11Source: US Census Bureau USA Trade Online
Note: Due to space constraints, some data bars are fitted to the page and not to scale.
Appendix A IIIIII
West Virginia's Top Exporting Commodities to the UAE in 2019This exhibit only displays commodities with annual export amounts exceeding $1M
Sector Top Commodity Export Value
Chemical manufacturing 3251 Basic Chemicals ||||||| 7.4M
Other transportation equipment manufacturing 3364 Aerospace Products & Parts || 2.1M
12Source: US Census Bureau USA Trade Online & US DoC BEA Regional Input-Output Multipliers State Data
Appendix B IIIIII
30
8
2
1
1
0
0
-
-
-
1
Total: 45
Total: 12
Total: 03
Total: 02
Total: 01
Total: 00
Total: 00
Total: 02
0 5 10 15 20 25 30 35 40 45 50
Chemical manufacturing
Other transportation equipment manufacturing
Computer and electronic product manufacturing
Machinery manufacturing
Electrical equipment and appliancemanufacturing
Fabricated metal product manufacturing
Miscellaneous manufacturing
Others
Employment Driven by Top 10 UAE-Exporting Sectors in West Virginia in 2019
Direct & Indirect Employment
Induced Employment