vermont exports 2002 · here again, one commodity – malt extracts and food prepared of flour with...

VERMONT EXPORTS 2002

Prepared by:

MASSACHUSETTS INSTITUTE FOR SOCIAL AND ECONOMIC RESEARCH

UNIVERSITY OF MASSACHUSETTS AMHERST

A project of:

COUNCIL OF STATE GOVERNMENTS / EASTERN REGIONAL CONFERENCE

EASTERN TRADE COUNCIL

Massachusetts Institute for Social and Economic Research

Vermont Exports 2002 David Callahan, International Trade Consultant and former Director of Massport International Marketing, and Carla Miller, Senior Trade Programmer at the Massachusetts Institute for Social and Economic Research (MISER) at the University of Massachusetts at Amherst, were the principal analysts and authors of this report. MISER is an interdisciplinary institute at the University of Massachusetts, which conducts research on social, economic, and demographic issues and is internationally known for its research on foreign trade data. Additional information about MISER is available at http://www.umass.edu/miser. Funding for the report was provided by the Eastern Trade Council, an affiliate organization of the Council of State Governments Eastern Regional Conference (CSG/ERC.) The Eastern Trade Council (ETC) was formed in 1998 to enhance cooperation and collaboration in trade development among the CSG/ERC member jurisdictions including: Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island and Vermont. By sharing trade development information, jointly promoting regional products, and collectively advocating for federal trade promotion programs and polices which will benefit the region, ETC strives to strengthen state and regional economic competitiveness in the global marketplace. The Eastern Trade Council contracted with MISER for the creation of export reports on each member state, and for a report on the entire Northeastern region. The authors wish to acknowledge the valuable guidance and support provided by ETC Board Members and ERC staff during the preparation of these reports. Reports for all ten Northeast States are available at the Council of State Governments website, http://www.csgeast.org. Inquiries can be addressed to MISER or CSG/ERC:

Carla Miller MISER 128 Thompson Hall University of Massachusetts at Amherst Amherst, MA 01003 Phone: (413) 545-3460 Fax: (413)545-3686 Email: [email protected] Wendell Hannaford Council of State Governments Eastern Regional Conference 40 Broad Street, Suite 2050 New York, NY 10004-2317 Phone: (212) 482-2320 Fax: (212) 482-2344 Email: [email protected]


Vermont Exports 2002

Table of Contents I) Executive Summary

II) Introduction

1) Vermont, Northeast Region, and U.S. Export Growth 1998-2002…………….….1 2) Vermont, Northeast Region, and U.S. Manufacturing Indicators……....…………1

III) Vermont Exports Performance by Commodity 1998-2002

1) Export Growth of Leading 2-digit HS Sectors (line and bar chart)…….…………4 2) Highlights of 2-digit HS performance……………………...……………………..5 3) Top 40 Exports by 2-digit HS, Top 10 Growth and Loss Sectors………………...6 4) Highlights of 4-digit HS performance..………...…………………………………8 5) Top 40 Exports by 4-digit HS, Top 10 Growth and Loss Sectors………………...9 6) 10 Potential Markets of Opportunity for Top 100 Export Commodities………...11 7) Highlights of Top 5 HS Chapters by Commodity and Destination……………...15 8) Top 12 2-digit HS Chapters by Top 10 6-digit HS commodities.……………….17 9) Top 12 2-digit HS Chapters by Top 10 Destination Countries….……………….20

IV) Major Destinations for Vermont Exports 1998-2002

1) Export Growth by World Region of Destination (line and bar chart)…………...23 2) Exports by World Region of Destination………………………………………..24 3) Export Growth by Country of Destination (line and bar chart)………………….25 4) Export Value and Export Growth by Country (map)…………………………....26 5) Highlights by World Region and Country.......…………………………………..26 6) Top 40 Countries of Destination, Top 10 Growth and Loss Markets……………28 7) Top 12 Countries by Top 10 2-digit HS Chapters……………………………….30 8) Top 12 Countries by Top 10 6-digit HS Commodities…………………………..33

V) Vermont Export Performance vs. World Competitors in

Non-US Markets 1998-2001

1) Export Growth by World Region and Commodity (bar charts)…………………36 2) Highlights of 2-digit HS performance…………………….……………………..37 3) Top 20 Exports by 4-digit HS, Top 10 Growth and Loss Sectors……………….38 4) Highlights of 4-digit HS performance…………………….……………………..39 5) Top 20 Exports by 4-digit HS, Top 10 Growth and Loss Sectors……………….40 6) Highlights by World Region and Country……………………………………….41 7) Exports by World Region of Destination………………………………………..41 8) Top 20 Countries of Destination, Top 10 Growth and Loss Markets…………...42


VI) Vermont Export Performance vs. World Competitors in the

Canadian Market 1998-2002

1) Export Growth by World Region and Commodity (bar charts)…………………43 2) Highlights of 2-digit and 4-digit HS performance………………………………44 3) Top 40 Exports by 2-digit HS, Top 10 Growth and Loss Sectors……………….46 4) Top 40 Exports by 4-digit HS, Top 10 Growth and Loss Sectors……………….48 5) Highlights by World Region and Country……………………………………….50 6) Exports by World Region of Destination………………………………………..50 7) Top 40 Countries of Destination, Top 10 Growth and Loss Markets……………52

VII) Appendix……………………….…...………………...……...………………….53

EXECUTIVE SUMMARY

Vermont exporters suffered their second consecutive year of overall export losses in 2002. Mitigating the negative news, however, the rate of decline was much less severe than in 2001 when state exports plunged approximately 30% on the back of a production cutback at an IBM manufacturing facility in Vermont. The state’s performance last year was more in line with that of the region and the US overall which also saw decreasing export fortunes. On the down side, export losses in 2002 were spread across a wider range of product categories, particularly among the state’s traditionally higher volume export sectors. Nevertheless, there were pockets of growth within those sectors and in the state’s second tier of export industries as well – categories such as photographic goods, dairy products, and articles made of rubber. The highlights of this year’s report are presented below in the form of a SWOT analysis. The report presents data from 2002 and for a longer term perspective from 1998-2002. This year’s report also includes several new features. A section on export manufacturing indicators relates exporting in Vermont, New England, the Northeast, and the US to jobs, growth in export establishments, GSP, manufacturing productivity, and per capita export growth. In another new section, United Nations data compare Vermont’s export performance by product and market destination to non-US competitors. Finally, a detailed presentation of exports to Canada presents a close-up snapshot of the state’s largest export market. All of the report tables cover only product exports and do not consider the state’s service sector exports. Strengths

• Miscellaneous edible preparations enjoyed moderate export growth of 12.8% in 2002, easily outpacing the corresponding US average of 2.4%. Since 1998, however, exports of edible preparations have soared 362.9% leaving US counterparts in the distant dust at 23.1% growth. Most of the advances came from two sub-sector commodities: food preparations, nesoi (not elsewhere specified or indicated) and ice cream and other edible ice. Export growth for the two commodities over the past five years has been 204.6% and 707.8%, respectively. Ice cream is one of Vermont’s most specialized export categories. In 2002, 15.9% of all ice cream exports from the US originated from Vermont. (The state’s average share of US exports for all industries is 0.4%.)

• While the electric machinery and industrial machinery sectors overall recorded export losses, there were areas of selective strength within those industries. For example, within the industrial machinery sector, molding boxes for metal foundries and machinery for working rubber and plastic recorded increases over the past five years of 449.1% and 287.6%, respectively. Corresponding US figures declined in the same period. In the electric machinery sector, standout performers were industrial or laboratory electric furnaces and boards, panels, etc. Industrial furnaces were one of the top growth categories in 2002 (expanding 199.8%) and have advanced 709.5% since 1998. Boards, panels, etc. went up only moderately in 2002 (10.2%), but has climbed 2,109.5% in 1998-2002.

• Eight of Vermont’s top twelve export industries expanded faster than the national average from 1998-2002, including three of the top five sectors: instrumentation, wood and articles of wood, and paper and paperboard. Aircraft and parts, miscellaneous edible preparations, articles of iron and steel, and vehicles and parts showed the largest five-year gains by value.

• Although still relatively low volume in total export dollars earned, photographic goods are on an impressive growth track, advancing a respectable 26.9% in 2002, and 981.6% over five years. Photographic plates and still film have been the source of most of this growth.

• Asia, and particularly Korea and Taiwan, has been a solid market for Vermont since 1998. Shipments for 1998-2002 rose 87.8% compared to a corresponding rate of 3.1% for the US. In 2002, exports to Asia climbed 32.7% while exports to Korea and Taiwan soared by 77% and 70% respectively.

• While most European markets sagged for Vermont in 2002, exports to the Netherlands surged, climbing 69.7%. Since 1998, shipments to the Netherlands have rocketed 1,118.7%. A mix of products has contributed to this increase, including medical devices, blood products and photographic film.

• UN data shows that while Vermont export gains from 1998-2001 lagged behind World gains overall, particularly in the high volume electronic machinery sector, the state exceeded World growth in 15 of the top 20 export industries.

Weaknesses

• Exports of industrial machinery, including computers, fell by $45.4 million, or 22.8%, in 2002 and since 1998 have dropped 23.4%. This corresponds to US industry averages of -10.3% in 2002 and -4.3% in 1998-2002. Industrial machinery was the state’s second largest loss sector in 2002 with decreases spread among a number of commodities, including automatic data processing machines and turbojets, turbopropellers and other gas turbines. Viewed over 1998-2002, parts for typewriters and other offices machines has also dropped precipitously, falling $65.8 million, or 69.2%.

• Toys, games and sports equipment continued a downward trend in 2002, sliding -25.8% from its previous year’s total. Since 1998 export shipments for the sector have fallen 41.4%. Most of the losses have come from general physical exercise equipment.

• Prepared cereals also decreased further in 2002, dropping $28.8 million, or 60.8%. From 1998-2002, shipments fell $60.4 million, or 76.5%. Here again, one commodity – malt extracts and food prepared of flour with under 40% cocoa – was primarily responsible for the sector’s decline. Since 1998, malt extract/flour shipments have plunged by $60 million, or 76.4%.

• Canada, despite its position as the state’s largest volume export destination, is nevertheless a market with problems for Vermont. Canada was the state’s top loss market for 2002 and 1998-2002. Although the greatest decline in export dollars has been within the electric machinery sector which was heavily affected by the IBM production cutback, a number of other key sectors have also seen their market share in Canada decrease. Canada is the state’s leading export destination for 11 of its top 12 industry sectors and in 2002 nine of those 11 sectors saw a drop in export volume to our northern neighbor. While Vermont exports have been on a downward slide, non-US competitors in the same industries have seen their exports to Canada on the rise.

• In Europe, Italy and France are two other major trading partners on a downward spiral. Both markets saw falling exports from Vermont in 2002 as well as 1998-2002. Over the past five years, exports to Italy and France have fallen off by $221.3 million (-85.5%) and $45.9 million (-61.7%), respectively. In both markets, significant drops in shipments of electronic integrated circuits and microassemblies have been responsible for most of the decline.

Opportunities

• The US dollar has fallen about 6.5% this year against a basket of currencies from its largest trading partners. A lower dollar makes US companies more competitive in foreign markets. At the same time, global growth is expected to increase to 4.1% in 2004 from 3.2% in 2003 increasing international buying power for US- made products.

• After two years of declines, international IT spending is expected to rebound by approximately 5%, according to economic analysts. Semiconductor trade groups also have predicted a sharp rise in global sales for that industry for the latter half of 2003 and 2004. Both predictions, if accurate, will mean good news to Vermont’s high tech exporters.

• The US and Singapore have recently signed a free trade agreement. With enactment of the treaty, most bilateral duties on manufactured goods will go immediately to zero. Singapore is an important market for Vermont, advancing from 16th place in 2001 to 7th place in 2002 in the state’s export rankings. The new trade agreement should present increased opportunities for state exporters. .

• The US has also recently concluded a free trade agreement with Chile. Expanded market opportunities there could help improve the state’s export performance in South America.

• Table 2.3 (Vermont’s Top 100 Export Commodities: Top 10 Potential Markets of Opportunity) shows US growth markets where Vermont’s export growth or market penetration is low relative to the US. For each of Vermont’s 100 top export commodities, the table lists 10 potential new markets where there appears to be a market demand that state exporters may be missing out on. This is a useful tool to look for new markets of opportunity. A review of this table shows China appearing as a potential market of opportunity for 55 commodities, Korea for 51, Mexico 49, Japan 35, and Hong Kong 31. The table implies that Vermont exporters might be well served by taking a closer look at export opportunities in Asia and Mexico.

• Presidential election politics could deliver benefits for exporters in the coming year as the administration look to address the loss of manufacturing jobs to overseas competitors. The Bush administration is pushing for tougher enforcement of trade pacts, including assaults on dumping and export subsidies. Congress is also considering bills that would replace now illegal tax subsidies (following a WTO ruling) with a package of other tax breaks.

• Large trade surpluses and growing reserves in China may lead to an upward revaluation of the yuan in the coming year. Pressure for such a move is being applied by the US and other of China’s leading trade partners. A revaluation of the yuan would have an Asia-wide impact. Japan, South Korea, and Taiwan have all been damping the rise of their currencies to maintain a competitive position with China. Once China moves, the others may follow making US products more competitive in all of those markets.

Threats

• Several sources of trade tensions between the US and Europe could end up in sanctions on a broad range of products if compromises are not reached by each side. The US has filed a lawsuit with the WTO against a European ban on genetically altered crops. The European Union has won WTO rulings against the United States for protective steel tariffs and a tax policy which it claims effectively subsidizes American exports. Failure by either side to comply with WTO findings could result in a rising tide of punitive duties or import quotas.

• Failure of China to adjust currency values as requested by the Bush administration may result in new assaults on China’s exports to the US, generating countervailing protectionist measures by the Chinese and undermining the new Chinese leadership’s ability to accomplish greater trade liberalization.

• Lower than expected or no economic growth in Europe and Japan will deflate international demand for US-made products and slow US export advances.

• The breakdown of the WTO conference in Cancun was a major setback for world trade liberalization that may result in a greater push for bilateral and regional trade agreements. Rise of more regional trading blocs will put those not included in the bloc at a competitive disadvantage. A proliferation of these deals could result in a confusion of overlapping agreements that could clog rather than open up new trade.

• The burgeoning US trade deficit if it continues to grow unabated threatens to have a serious negative impact on US currency values, raise interest rates and slow the US and world economic recoveries.

Massachusetts Institute for Social and Economic Research 1

II. INTRODUCTION

Vermont followed regional and national trends in 2002 and saw exports decline for the second year in a row. Exports fell only slightly more than the US average but more than twice the rate of neighbors in New England1 and the 10 Northeast2 states. Even with an export drop of 10.9% in 2002, last year represents a significant comeback from the devastating losses of 2001 when shipments plunged more than 30%. The loss picture in 2001 was due almost entirely to a steep cutback in production at a major IBM facility in Vermont and did not reflect the export fortunes of the much larger number of small and medium sized shippers. Indeed, if the IBM loss was factored out, the state would have seen an actual export gain of 2.2% over five years. However, the annual loss picture in 2002 was spread across many industries. Electronic integrated circuits fell only 6.8%, while all other sectors fell 19.1%. Export related manufacturing data3, reported in the chart and table on the following page, show the importance of exports to manufacturing at the state, regional, and US levels. Manufactured goods represent 96% of total Vermont exports (85% excluding integrated circuits), compared to 95% in the rest of New England, and 90% US-wide. Data on total manufacturing shipments, including those for both domestic and foreign sales, lag one year behind data on exports. The most recent data, from 2001, show that Vermont is much more foreign sales focused, in aggregate, than the region or the nation, exporting 30% of its total manufacturing shipments,

1 New England includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. 2 The ten Northeast states include Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, Maine, Pennsylvania, Rhode Island, and Vermont. 3 See appendix for source of manufacturing data.

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

1998 1999 2000 2001 2002

An

nu

al G

ro

wth

Rate

Vermont

New England (excl VT)

10 Northeast States

United States

Vermont, Regional and US Annual Export Growth 1998-2002

Annual Export Growth

Rates 1998 1999 2000 2001 2002

1998-

2002

Vermont -3.7 9.7 1.8 -30.9 -10.9 -31.28

New England (excl VT) -0.6 4.6 16.5 -6.8 -5.1 7.72

10 Northeast States -0.6 1.5 15.8 -4.6 -9.3 1.75

United States -1.0 1.8 12.6 -6.3 -5.2 1.88

Value Exports ($Billions) 1998 1999 2000 2001 2002

Vermont 3.67 4.02 4.10 2.83 2.52

New England (excl VT) 27.83 29.10 33.90 31.58 29.98

10 Northeast States 102.46 104.00 120.47 114.95 104.25

United States 680.47 692.82 780.42 731.03 693.26


Manufacturing Indicators Growth Rates

Vermont, New England (excl VT), the 10 Northeast States, and the US

(%1998-2001 or %1998-2002 as noted)

-40.0

-30.0

-20.0

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VT

New Eng (excl VT)

10 N.East States

US

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New Eng

(excl VT)

10 N.East

States US VT

New Eng

(excl VT)

10 N.East

States US

Manufactured Exports 2002 ($Mil) 2,422 27,897 90,992 614,524 -32.6 8.5 2.8 1.7

Manufactured Exports 2001 ($Mil) 2,701 29,418 98,290 648,073 -24.9 14.4 11.0 7.2

Manufactured as % of Total Exports 2002 96.1 93.3 93.3 89.6 -2.0 0.3 -0.7 -0.3

Number Exporting Establishments 2001 1,247 23,009 86,930 238,284 14.2 11.7 17.2 16.1

Manufacturing Shipments 2001 ($Mil) 8,926 169,905 618,793 3,970,500 1.7 -2.5 0.6 1.8

Manuf Exports as % Shipments 2001 30.3 17.3 15.9 16.3 -26.2 17.3 10.3 5.3

Manuf GSP as % Shipments 2001 33.6 44.5 43.9 35.8 5.8 1.1 -0.2 -2.4

Manuf Exports per capita 2002 ($) 3,928 2,062.3 1,653.4 2,131 -34.4 5.3 0.5 -2.7

%Manuf jobs export related 1997 19.1 23.5 19.2 19.8 na na na na

Total GSP 2001 ($Mil) 19,149 575,538 2,235,445 10,137,190 17.5 18.0 15.4 15.9

Manufacturing GSP 2001 ($Mil) 2,998 75,658 271,957 1,422,990 7.6 -1.4 0.4 -0.6

Total Nonfarm Employment 2002 (1000s) 300 6,620 25,418 130,376 5.2 2.8 3.1 3.5

Manufacturing Employment 2002 (1000s) 41 776 2,636 15,306 -9.0 -16.1 -15.2 -12.8

Total Average Productivity 2001 ($1000s) 63.4 85.6 86.9 76.9 10.9 13.0 10.6 10.7

Avg Productivity in Manuf 2001 ($1000s) 65.7 88.6 94.8 86.6 5.3 6.8 8.7 6.2

Value in 2001 or 2002 as noted %Increase from 1998

compared to 17.3% in the rest of New England and 16.3% US-wide. The number of exporting establishments in Vermont has also grown faster than in the rest of New England, but slower than in the entire Northeast and US. Vermont manufactured exports as a percent of total manufacturing shipments fell 26% from 1998-2001 as total manufacturing shipments increased by 1.7% and exports dropped 24.9%. The

■Vermont, ■New England (excl VT), and ■Northeast values or growth rates exceed national levels.


reverse occurred at the regional and US levels where exports increased and total manufacturing shipments either decreased or increased at a slower pace than exports. However, since Vermont manufactured exports, excluding integrated circuits, gained a very robust 20.8% from 1998-2001, it is likely that Vermont’s ratio of manufactured exports to total shipments increased in those other manufacturing sectors. The latest data available on employment related to manufactured exports (from 1997) show that 19.1% of Vermont’s manufacturing jobs are export related, compared to 23.5% in the rest of New England, 19.2% in the ten-state Northeast region, 19.8% US-wide. Since total manufacturing shipments expanded faster than exports from 1998-2001, the export-related employment ratios have likely decreased as well. On the other hand, excluding integrated circuits, the export-related employment ratio may well have increased. Gross state product4 in manufacturing as a percent of total manufactured shipments is lower in Vermont than in the Northeast and the nation, indicating lower value added at the state level. However, the measure of value added is growing much faster at the state level. Both total productivity5 in all industries combined and productivity in the manufacturing sector alone are also lower in Vermont than in the rest of the region and country. Productivity in manufacturing has grown more slowly in Vermont because manufacturing GSP has increased faster and manufacturing employment has not fallen as steeply. Vermont percentage gains in total GSP and total non-farm employment exceed regional and US gains. State, regional, and US growth in total GSP and total non-farm employment are all much stronger than in manufacturing. Because the data are skewed by a single commodity, it can not be said conclusively that in aggregate Vermont has a higher percentage of export related shipments and employment in 2002 than in 1998. Nevertheless, the balance of this report will show that despite the net export loss, Vermont’s export advances in numerous industries and commodities have outperformed the region, the US, and the World.

4 GSP is equal to gross output minus the cost of intermediate inputs such as energy, raw materials, semi-finished goods, and services. 5 Productivity is GSP divided by employment.


II. VERMONT EXPORTS COMMODITY PERFORMANCE

0

50

100

150

200

250

300

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Jan-98 Jul-98 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 Jan-02 Jul-02

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Wood And Articles Of Wood; WoodCharcoal

Paper & Paperboard & Articles (Inc PaprPulp Artl)

Top 5 Sectors 1998-2002

Vermont Exports by 2-Digit HS Commodity

(38%)(23%)

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74%

258%

97%

(16%)

363%

(41%)

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%Share VT Total

%Share US Total

%Incr VT 1998-02

%Incr US 1998-02

and by % Growth 1998-2002

VT and US Exports by Relative Share of Industry in 2002


Vermont Exports by 2-Digit Harmonized System (HS) Commodity Chapters

Top 40 HS Chapters, Top 10 Gains and Losses Highlights

• Losses in 2002 were spread over a wide base of products. Ten commodities among the state’s top 12 higher volume export sectors experienced a drop in exports in 2002. Nine of the ten fell at a faster rate than corresponding figures for the US overall.

• The top loss sector by volume in 2002 was electric machinery, which sank by $124.6 million, or 6.4%. US exports in the same product category fell by 9.9%.

• Six smaller product sectors saw a more serious erosion in their overseas market position and together accounted for a larger dollar loss at $144.5 million than electric machinery. The troubled sectors included industrial machinery, including computers (down 22.8%); special classification provisions6 (down 52.7%); prepared cereals (down 60.8%); instrumentation (down) 30.1%; arms and ammunition (down 70.5%); and aircraft, spacecraft and parts (down 29.4%).

• Gains came from still smaller, second tier product exports. Although some of these products showed impressive market share advances, actual dollar volume advances were limited. Leading sectors on the rise in 2002 included rubber and articles thereof; miscellaneous edible preparations; precious metals; salt, sulfur and stone; and photographic or cinematographic goods.

• Although showing a loss this year, aircraft, spacecraft, and parts exports registered the highest net advance if viewed since 1998. Shipments of these products rose $25.7 million, or 258%, in 1998-2002. Indeed, when looked at from this perspective, Vermont’s trade picture looks more positive. Vermont outpaced US gains in eight of the state’s top 12 export sectors from 1998-2002. The largest of these growth industries include instrumentation, wood and articles of wood, and paper and paperboard. Ranked by value of the increase, aircraft and parts, miscellaneous edible preparations, articles of iron and steel, and vehicles and parts showed the largest five-year gains. Photographic goods, also among the top gains, increased by 982% from 1998-2002.

• Electric machinery sustained the largest long term loss, falling by $1.1 billion, or 38.4%, in five years. While tiny in comparison by value, the next largest losses, in prepared cereal and flour (down 76.5%) and industrial machinery and computers (down 23.4%), were significant by the rate of decline. Prepared cereal and flour moved from Vermont’s 3rd largest export industry in 1998 to 13th largest in 2002. Industrial machinery/computers is still the state’s number two export industry by a wide margin.

6 Special classifications include primarily returned merchandise, low value estimates, charity, military and other

shipments not identified by kind, and data revisions.


Table 1.1

Vermont Exports by 2-Digit Harmonized System (HS) Commodity Chapter

Top 40 HS Chapters 2002

Dollar Value of Shipments in Thousands

■■ VT export growth exceeds US growth, ■ VT exports as a % of US exports exceeds VT average % of US exports

VT($mil) VT 01-02 VT 01-02 US 01-02 VT 98-02 VT 98-02 US 98-02 VT AS %

2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

HS TOTAL ALL HS COMMODITY CHAPTERS 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.36

1 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 1,829.1 -124.6 -6.4 -9.9 -1,138.0 -38.4 1.8 1.66

2 84 Industrial Machinery, Including Computers 153.5 -45.4 -22.8 -10.3 -46.9 -23.4 -4.3 0.12

3 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 58.9 -25.3 -30.1 -6.9 8.7 17.4 15.0 0.14

4 44 Wood And Articles Of Wood; Wood Charcoal 53.6 -2.8 -5.0 -3.4 6.4 13.6 -13.1 1.05

5 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 41.4 -3.0 -6.7 -5.1 0.9 2.2 -1.1 0.40

6 73 Articles Of Iron Or Steel 39.0 -4.6 -10.6 -3.8 16.6 74.3 -4.7 0.49

7 88 Aircraft, Spacecraft, And Parts Thereof 35.7 -14.9 -29.4 -1.8 25.7 258.0 -16.2 0.08

8 87 Vehicles, Except Railway Or Tramway, And Parts Etc 33.7 -1.9 -5.2 6.4 16.6 96.6 5.8 0.05

9 98 Special Classification Provisions, Nesoi 27.0 -30.1 -52.7 -7.3 -5.2 -16.2 8.6 0.12

10 21 Miscellaneous Edible Preparations 23.2 2.6 12.8 2.4 18.2 362.9 23.1 0.81

11 95 Toys, Games & Sport Equipment; Parts & Accessories 22.4 -7.8 -25.8 -5.7 -15.8 -41.4 -6.8 0.62

12 25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 21.4 2.1 10.9 -7.5 5.8 36.9 -3.3 1.44

13 19 Prep Cereal, Flour, Starch Or Milk; Bakers Wares 18.6 -28.8 -60.8 -1.6 -60.4 -76.5 10.1 1.27

14 39 Plastics And Articles Thereof 17.6 -3.1 -15.1 1.3 -2.5 -12.6 20.0 0.06

15 18 Cocoa And Cocoa Preparations 12.6 1.2 10.2 -10.5 3.2 33.6 40.5 1.93

16 93 Arms And Ammunition; Parts And Accessories Thereof 9.8 -23.4 -70.5 -3.3 -1.4 -12.6 -17.1 0.47

17 37 Photographic Or Cinematographic Goods 9.7 2.0 26.9 11.0 8.8 981.6 7.5 0.34

18 4 Dairy Prods; Birds Eggs; Honey; Ed Animal Pr Nesoi 8.3 1.6 22.9 -17.1 5.2 165.7 -5.0 1.21

19 40 Rubber And Articles Thereof 7.7 3.1 68.4 -3.1 2.5 48.0 4.6 0.12

20 1 Live Animals 6.8 -1.1 -13.5 -28.5 3.2 89.2 -6.0 1.06

21 38 Miscellaneous Chemical Products 6.5 0.0 -0.6 -0.2 -0.9 -12.5 11.2 0.06

22 54 Manmade Filaments, Including Yarns & Woven Fabrics 6.4 -1.5 -19.2 -4.0 -0.8 -10.5 -4.6 0.33

23 49 Printed Books, Newspapers Etc; Manuscripts Etc 6.1 -0.9 -13.4 -7.6 -0.8 -11.8 -4.2 0.14

24 94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd 5.8 1.5 34.0 -6.1 3.6 168.2 -3.4 0.10

25 30 Pharmaceutical Products 4.1 -0.4 -9.7 4.5 3.6 781.3 73.1 0.03

26 34 Soap Etc; Waxes, Polish Etc; Candles; Dental Preps 4.0 -2.0 -33.4 3.8 -0.5 -10.8 23.9 0.16

27 61 Apparel Articles And Accessories, Knit Or Crochet 4.0 0.6 16.6 -17.2 1.9 90.1 -12.2 0.12

28 86 Railway Or Tramway Stock Etc; Traffic Signal Equip 3.8 1.3 53.7 -27.4 3.5 1,394.3 -36.7 0.34

29 68 Art Of Stone, Plaster, Cement, Asbestos, Mica Etc. 3.7 -0.4 -8.7 -0.3 -1.6 -30.4 5.9 0.30

30 55 Manmade Staple Fibers, Incl Yarns & Woven Fabrics 3.6 -0.9 -19.3 4.7 2.7 270.6 6.9 0.24

31 82 Tools, Cutlery Etc. Of Base Metal & Parts Thereof 3.3 0.3 10.8 -2.4 1.6 97.5 4.2 0.12

32 33 Essential Oils Etc; Perfumery, Cosmetic Etc Preps 2.8 -1.3 -31.1 1.9 2.0 236.1 27.2 0.06

33 28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 2.7 -0.5 -14.6 -3.0 0.2 9.2 12.2 0.05

34 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 2.5 2.2 573.3 -7.6 2.2 681.1 13.0 0.02

35 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 2.3 0.1 3.6 2.3 1.1 90.5 12.7 0.06

36 59 Impregnated Etc Text Fabrics; Tex Art For Industry 2.2 -0.5 -19.2 0.6 0.6 35.1 12.2 0.17

37 3 Fish, Crustaceans & Aquatic Invertebrates 2.1 0.2 7.8 -2.9 0.7 52.1 38.6 0.08

38 81 Base Metals Nesoi; Cermets; Articles Thereof 2.0 -2.8 -58.2 -9.4 -0.2 -7.9 6.4 0.20

39 56 Wadding, Felt Etc; Sp Yarn; Twine, Ropes Etc. 1.8 0.4 29.0 4.3 0.0 1.5 8.2 0.16

40 72 Iron And Steel 1.8 -0.7 -26.7 -0.6 0.2 12.4 14.9 0.04


Table 1.2

Vermont Exports by 2-Digit Harmonized System (HS) Commodity Chapter

Top 10 Gains and Losses 2001-2002 and 1998-2002



HS TOP 10 GROWTH CATEGORIES 2001-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

1 40 Rubber And Articles Thereof 7.7 3.1 68.4 -3.1 2.5 48.0 4.6 0.12


3 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 2.5 2.2 573.3 -7.6 2.2 681.1 13.0 0.02





8 86 Railway Or Tramway Stock Etc; Traffic Signal Equip 3.8 1.3 53.7 -27.4 3.5 1,394.3 -36.7 0.34

9 18 Cocoa And Cocoa Preparations 12.6 1.2 10.2 -10.5 3.2 33.6 40.5 1.93

10 76 Aluminum And Articles Thereof 1.3 0.8 149.7 -1.1 0.7 119.8 -10.1 0.03


HS TOP 10 GROWTH CATEGORIES 1998-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002




4 87 Vehicles, Except Railway Or Tramway, And Parts Etc 33.7 -1.9 -5.2 6.4 16.6 96.6 5.8 0.05



7 44 Wood And Articles Of Wood; Wood Charcoal 53.6 -2.8 -5.0 -3.4 6.4 13.6 -13.1 1.05





HS TOP 10 LOSSES 2001-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002






6 93 Arms And Ammunition; Parts And Accessories Thereof 9.8 -23.4 -70.5 -3.3 -1.4 -12.6 -17.1 0.47






HS TOP 10 LOSSES 1998-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002





5 62 Apparel Articles And Accessories, Not Knit Etc. 0.5 -0.6 -56.1 -8.3 -6.9 -93.8 -48.9 0.02


7 35 Albuminoidal Subst; Modified Starch; Glue; Enzymes 0.1 0.0 -30.3 -6.7 -3.3 -97.5 41.9 0.01


9 20 Prep Vegetables, Fruit, Nuts Or Other Plant Parts 0.0 -0.1 -83.1 1.3 -2.2 -98.7 -3.0 0.00

10 2 Meat And Edible Meat Offal 0.7 0.2 39.2 -13.2 -1.7 -69.7 0.1 0.01


Vermont Exports by 4-Digit Harmonized System Commodities

Top 40 Commodities, Top 10 Gains and Losses

Highlights

• It is possible at this level to see pockets of strength within an otherwise slumping industry. Such is the case with electric machinery. Three of the top ten growth categories at the 4-digit level are from the electric machinery category. Although their relatively low volume of international sales at this time does not place them within the ranks of the state’s top 20 4-digit commodities, they are products on the move and worth watching. They are: industrial lab or electric furnaces -- up 199.8%, or $6.5 million in 2002; printed circuits – up 82.9%, or $4.9 million; and electric transmitters, static converters and inductors – up 57.6%, or $2.8 million.

• The state’s top growth category at the 4-digit level in 2002 was molding boxes for metal foundries. Shipments of this commodity increased by 35.3%, or $7.3 million. Exports by other US competitors in 2002 were down 11.9%. Since 1998, overseas shipments of molding boxes from Vermont have increased 449.1%.

• Export industries of specialization are also more pronounced at this level than at the 2-digit level. This is shown in the last column on the right in Table 2.1 under the heading “VT as % of US 2002.” This column indicates Vermont’s share of total US exports in each industry. Any industry with a share greater than 0.4% -- the state’s share of US exports overall – can be considered an export industry of specialization. Three commodities, in particular, stand out as notable export industries of specialization for Vermont – each accounts for more than 15% of US exports in their respective industries. They are pebbles, gravel, etc with a 26.6% market share; granite, porphyry, basalt, etc. with a 19.2% market share; and ice cream and other edible ice with a 15.9% market share.

• The top annual and five-year export loss commodity at this level by a very wide margin was electronic integrated circuits and microassemblies. This one commodity accounted for 40% of all export losses in Vermont from 1998-2002.

• Other commodities that suffered heavy overseas market losses in 2002 include aircraft, malt extractions, automatic data processing machines, oscilloscopes/spectrum analyzers, and special Canadian classifications. The last item refers to goods originally imported from Canada and then returned to the country for faults, not meeting specifications, or other reasons. Increases or decreases in this category do not reflect the manufacturing capabilities of Vermont.


Table 2.1

Vermont Exports by 4-Digit Harmonized System (HS) Commodities

Top 40 Commodities 2002

Dollar Value of Shipments in Millions




HS4 TOTAL ALL HS4 COMMODITIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.36

1 8542 Electronic Integrated Circuits & Microassembl, Pts 1,745.9 -126.7 -6.8 -5.4 -1,164.4 -40.0 12.0 4.57

2 8708 Parts & Access For Motor Vehicles (Head 8701-8705) 30.7 -2.8 -8.2 0.9 15.5 102.2 4.1 0.11

3 8473 Parts Etc For Typewriters & Other Office Machines 29.3 -4.3 -12.7 -16.6 -65.8 -69.2 -14.7 0.17

4 8480 Molding Boxes For Metal Foundry; Mold Bases Etc 28.0 7.3 35.3 -11.9 22.9 449.1 -14.3 3.62

5 4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 25.0 -0.5 -2.1 5.0 8.7 53.1 -0.5 1.59

6 7318 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 24.0 0.4 1.7 0.6 14.0 140.1 8.0 1.64

7 4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 22.8 -3.2 -12.1 -3.0 14.1 162.3 -10.6 1.83

8 4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 21.5 0.1 0.3 -3.8 -3.8 -14.9 -12.3 1.23

9 9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 21.4 -7.7 -26.6 -5.9 -15.6 -42.2 -4.2 1.35

10 8802 Aircraft, Powered; Spacecraft & Launch Vehicles 21.3 -12.1 -36.1 2.3 21.0 7,055.2 -21.4 0.07

11 9870 Special Canadian Classifications, Nesoi 20.3 -32.1 -61.3 -28.4 -6.3 -23.6 -30.4 1.51

12 1901 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 18.6 -28.7 -60.7 -9.0 -60.0 -76.4 4.8 3.99

13 8411 Turbojets, Turbopropellers & Oth Gas Turbines, Pts 17.7 -9.0 -33.8 -6.6 -6.0 -25.4 20.0 0.11

14 8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 16.5 1.5 10.2 -2.4 15.8 2,109.5 25.8 1.29

15 8481 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 16.4 -1.4 -7.9 -3.9 -2.4 -12.9 14.9 0.48

16 8471 Automatic Data Process Machines; Magn Reader Etc 15.4 -25.9 -62.6 -20.4 3.6 30.7 -15.6 0.07

17 8803 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 14.3 -2.7 -15.8 -9.5 4.8 50.4 -3.9 0.10

18 2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 12.6 -0.2 -1.4 -8.1 11.0 707.8 -9.3 15.87

19 1806 Chocolate & Other Food Products Containing Cocoa 11.9 1.2 11.6 -20.8 3.1 34.8 46.8 2.50

20 9026 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 11.9 -0.5 -3.7 -5.2 1.5 14.9 14.2 0.94

21 7321 Stoves, Ranges Etc, Nonel Domest & Pts, Ir & Steel 11.1 0.7 6.9 -0.2 3.2 39.7 -7.4 5.42

22 8534 Printed Circuits 10.7 4.9 82.9 -6.8 -9.3 -46.5 -6.5 0.49

23 2106 Food Preparations Nesoi 10.3 2.7 35.7 1.5 6.9 204.6 14.1 0.57

24 9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 9.9 -12.5 -55.9 -17.4 -0.3 -3.2 -0.8 0.22

25 8514 Industrial Or Lab Elec Furnaces Etc, Parts 9.7 6.5 199.8 -21.9 8.5 709.5 12.0 1.62

26 2517 Pebbles, Gravel Etc; Macadam Of Slag, Dross Etc. 9.5 0.9 10.3 2.3 -2.1 -18.1 -12.2 26.64

27 2516 Granite, Porphyry, Basalt Etc., Crude Or Cut Etc. 9.5 1.0 11.2 -10.4 6.8 253.2 22.1 19.23

28 3705 Photo Plates & Still Film, Exposed & Developed 8.3 1.4 19.9 2.3 7.5 857.2 27.8 7.97

29 8536 Electrical Apparatus For Switching Etc, Nov 1000 V 7.8 -0.2 -2.2 -9.4 5.6 260.4 12.5 0.15

30 4804 Kraft Paper & Paperboard, Uncoat Nesoi, Rolls Etc 7.8 0.5 7.1 -3.1 2.3 40.5 -19.8 0.49

31 8504 Elec Trans, Static Conv & Induct, Adp Pwr Supp, Pt 7.6 2.8 57.6 -24.8 5.5 272.9 -8.4 0.26

32 9301 Military Weapons Ex Revolvers Pistols Lances Etc 7.5 -18.6 -71.4 28.5 2.5 51.7 -48.2 2.35

33 8477 Machinery For Working Rubber & Plast Etc Nesoi, Pt 7.2 4.2 141.6 -12.5 5.3 287.6 -13.6 0.74

34 4408 Veneer Sheets Etc, Not Over 6 Mm Thick 7.1 0.2 3.3 12.9 1.5 27.1 26.9 1.49

35 102 Bovine Animals, Live 6.8 -0.9 -11.7 -51.7 3.3 95.7 -19.7 5.18

36 9002 Optical Elements, Mounted; Parts & Accessories 6.4 0.9 15.9 -9.3 2.7 73.0 4.5 2.25

37 9027 Inst Etc For Physical Etc Anal Etc; Microtome; Pts 6.4 -0.3 -4.0 -5.8 2.8 78.4 16.6 0.19

38 3824 Binders For Found Molds; Chemical Prod Etc Nesoi 5.7 0.3 5.0 -14.7 0.1 2.3 8.6 0.42

39 8544 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 5.6 -1.4 -20.3 -14.2 -1.3 -18.8 -8.8 0.13

40 404 Whey & Milk Products Nesoi, Flavored Etc. Or Not 5.5 1.2 28.6 -6.3 4.9 877.8 9.0 3.74


Table 2.2

Vermont Exports by 4-Digit Harmonized System (HS) Commodities




HS4 TOP 10 GROWTH CATEGORIES 2001-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

8480 Molding Boxes For Metal Foundry; Mold Bases Etc 28.0 7.3 35.3 -11.9 22.9 449.1 -14.3 3.62

8514 Industrial Or Lab Elec Furnaces Etc, Parts 9.7 6.5 199.8 -21.9 8.5 709.5 12.0 1.62

8534 Printed Circuits 10.7 4.9 82.9 -6.8 -9.3 -46.5 -6.5 0.49

8477 Machinery For Working Rubber & Plast Etc Nesoi, Pt 7.2 4.2 141.6 -12.5 5.3 287.6 -13.6 0.74

4005 Compounded Rubber, Unvulcanised, Primary Forms Etc 4.4 4.2 1,583.6 11.2 4.4 11,869.4 19.0 1.45

8504 Elec Trans, Static Conv & Induct, Adp Pwr Supp, Pt 7.6 2.8 57.6 -24.8 5.5 272.9 -8.4 0.26

2106 Food Preparations Nesoi 10.3 2.7 35.7 1.5 6.9 204.6 14.1 0.57

7113 Articles Of Jewelry & Pts, Of Prec Metal Or Clad 2.5 2.2 910.5 6.4 2.4 2,935.4 109.5 0.11

9801 Expts Of Repaired Impts; Impts Of Returned Expts 2.3 1.9 483.3 23.2 1.9 430.6 89.1 0.06

8605 Railwy, Tramwy Pass Etc Coaches Not Self-Propelld 3.4 1.7 99.3 -17.7 3.4 NA 246.7 30.88


HS4 TOP 10 GROWTH CATEGORIES 1998-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002


8802 Aircraft, Powered; Spacecraft & Launch Vehicles 21.3 -12.1 -36.1 2.3 21.0 7,055.2 -21.4 0.07

8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 16.5 1.5 10.2 -2.4 15.8 2,109.5 25.8 1.29

8708 Parts & Access For Motor Vehicles (Head 8701-8705) 30.7 -2.8 -8.2 0.9 15.5 102.2 4.1 0.11

4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 22.8 -3.2 -12.1 -3.0 14.1 162.3 -10.6 1.83

7318 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 24.0 0.4 1.7 0.6 14.0 140.1 8.0 1.64

2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 12.6 -0.2 -1.4 -8.1 11.0 707.8 -9.3 15.87

4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 25.0 -0.5 -2.1 5.0 8.7 53.1 -0.5 1.59


3705 Photo Plates & Still Film, Exposed & Developed 8.3 1.4 19.9 2.3 7.5 857.2 27.8 7.97


HS4 TOP 10 LOSSES 2001-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

8542 Electronic Integrated Circuits & Microassembl, Pts 1,745.9 -126.7 -6.8 -5.4 -1,164.4 -40.0 12.0 4.57

9870 Special Canadian Classifications, Nesoi 20.3 -32.1 -61.3 -28.4 -6.3 -23.6 -30.4 1.51

1901 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 18.6 -28.7 -60.7 -9.0 -60.0 -76.4 4.8 3.99

8471 Automatic Data Process Machines; Magn Reader Etc 15.4 -25.9 -62.6 -20.4 3.6 30.7 -15.6 0.07

9301 Military Weapons Ex Revolvers Pistols Lances Etc 7.5 -18.6 -71.4 28.5 2.5 51.7 -48.2 2.35

9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 9.9 -12.5 -55.9 -17.4 -0.3 -3.2 -0.8 0.22


8411 Turbojets, Turbopropellers & Oth Gas Turbines, Pts 17.7 -9.0 -33.8 -6.6 -6.0 -25.4 20.0 0.11

9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 21.4 -7.7 -26.6 -5.9 -15.6 -42.2 -4.2 1.35

8479 Machines Etc Having Individual Functions Nesoi, Pt 5.1 -5.4 -51.4 -21.5 1.6 43.7 -4.7 0.08


HS4 TOP 10 LOSSES 1998-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002


8473 Parts Etc For Typewriters & Other Office Machines 29.3 -4.3 -12.7 -16.6 -65.8 -69.2 -14.7 0.17

1901 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 18.6 -28.7 -60.7 -9.0 -60.0 -76.4 4.8 3.99





6203 Men'S Or Boys' Suits, Ensembles Etc, Not Knit Etc 0.1 0.0 14.4 -15.2 -5.8 -97.8 -51.2 0.02

4802 Paper, Uncoat, For Writing Etc, Rolls; Hndmd Paper 0.4 -2.1 -84.3 -8.2 -4.7 -92.4 6.5 0.06

9305 Parts & Accessories Of Arms Of Head 9301 To 9304 0.8 -3.4 -80.2 -53.5 -4.4 -84.1 -28.8 0.58


Vermont Top 100 Export Commodities, Top 10 Potential Markets of Opportunity

Description of Table 2.3

Among the state’s top 100 products exported, Vermont’s export growth to the world is frequently higher than US growth to the world. Also, Vermont has very high specialization in many of its leading products for export. However, the countries listed in table 2.3 for each of Vermont’s top 100 export commodities may represent additional opportunities for Vermont. The countries represent the top 10 growth markets for the US (by dollar increase 1998-2002) where Vermont’s percent growth was less than 50% of US growth or where Vermont’s share of total US exports of the commodity to the country is less than 50% of its share of total US exports of the commodity to the world.7 As an example, Vermont has extremely high export growth and specialization in ice cream. Nevertheless, in certain markets including Mexico, Hong Kong, Korea, Finland, Bahamas, New Zealand, and Jamaica, other states have grown twice as fast or have double the market penetration.

7 The list of top 10 countries is intended as a starting point for evaluating potential markets. The list does not take

into account current market conditions. See appendix for other limitations.


Table 2.3

Vermont Top 100 Export Commodities: Top 10 Potential Markets of Opportunity

■ VT export growth exceeds US growth, ■ VT exports as a % of US exports exceeds VT average % of US exports

Vermont's Top 100 Export Commodities VT 2002 VT US VT as Potential Markets of Opportunity for Vermont

($Mil) %98-02 %98-02 %US (Top US growth markets 1998-2002 where VT growth or market penetration is low relative to US)

1 Electronic Integrated Circuits & Microassembl, Pts 1,745.9 -40.0 12.0 4.6 Mexico, Philippines, Malaysia, China, Costa Rica, Germany, Hong Kong, Brazil, Hungary, Israel

2 Parts & Access For Motor Vehicles (Head 8701-8705) 30.7 102.2 4.1 0.1 Mexico, Netherlands, China, France, Singapore, Italy, Portugal, Thailand, Ireland, Hungary

3 Parts Etc For Typewriters & Other Office Machines 29.3 -69.2 -14.7 0.2 Mexico, Canada, China, Thailand, Korea, Czech Republic, India, Costa Rica, Guatemala, Dom Rep

4 Molding Boxes For Metal Foundry; Mold Bases Etc 28.0 449.1 -14.3 3.6 UK, Brazil, Costa Rica, Spain, Malaysia, Dom Rep, Germany, France, Turkey, Hungary

5 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 25.0 53.1 -0.5 1.6 China, Japan, Korea, Saudi Arabia, Colombia, Finland, Indonesia, UAE, Vietnam, El Salvador

6 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 24.0 140.1 8.0 1.6 Mexico, Hong Kong, Switzerland, France, China, Japan, Australia, Taiwan, Brazil, Germany

7 Wood In The Rough, Stripped Or Not Of Sapwood Etc 22.8 162.3 -10.6 1.8 China, Korea, Hong Kong, Taiwan, Germany, Vietnam, Spain, India, Ireland, Malaysia

8 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 21.5 -14.9 -12.3 1.2 China, Canada, Hong Kong, Vietnam, Indonesia, Korea, Thailand, Malaysia, Ireland, Saudi Arabia

9 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 21.4 -42.2 -4.2 1.3 Korea, Hong Kong, Belgium, Russia, Philippines, Thailand, Australia, Malaysia, Singapore, Finland

10 Aircraft, Powered; Spacecraft & Launch Vehicles 21.3 7,055.2 -21.4 0.1 Australia, Italy, Singapore, France, Korea, UAE, Ireland, Kazakhstan, Algeria, Egypt

11 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 18.6 -76.4 4.8 4.0 Canada, Mexico, Japan, Spain, Dom Rep, North Korea, Pakistan, Bahamas, UK, Kenya

12 Turbojets, Turbopropellers & Oth Gas Turbines, Pts 17.7 -25.4 20.0 0.1 France, Brazil, Germany, Canada, Japan, Singapore, Italy, Malaysia, Spain, Belgium

13 Boards, Panels Etc Elec Switch And N/C Appar Etc. 16.5 2,109.5 25.8 1.3 Mexico, Netherlands, Australia, Korea, France, Sweden, China, Republic Of Yemen, Singapore, Brazil

14 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 16.4 -12.9 14.9 0.5 Mexico, Canada, Belgium, Japan, Korea, Brazil, Switzerland, Singapore, UAE, Italy

15 Automatic Data Process Machines; Magn Reader Etc 15.4 30.7 -15.6 0.1 China, India, Thailand, Paraguay, Hong Kong, Ecuador, Jamaica, Dom Rep, Sri Lanka, UAE

16 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 14.3 50.4 -3.9 0.1 Brazil, Netherlands, Japan, New Zealand, Thailand, Italy, Bahrain, Czech Republic, Mexico, Singapore

17 Ice Cream And Other Edible Ice, With Cocoa Or Not 12.6 707.8 -9.3 15.9 Mexico, Hong Kong, Korea, Finland, Bahamas, New Zealand, Jamaica, Marshall Islands, Nigeria, Guatemala

18 Chocolate & Other Food Products Containing Cocoa 11.9 34.8 46.8 2.5 Mexico, Korea, Philippines, Japan, Panama, Saudi Arabia, Colombia, Singapore, Taiwan, Malaysia

19 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 11.9 14.9 14.2 0.9 Canada, Korea, China, Brazil, Mexico, Japan, Taiwan, Singapore, Russia, Algeria

20 Stoves, Ranges Etc, Nonel Domest & Pts, Ir & Steel 11.1 39.7 -7.4 5.4 Denmark, Australia, Ecuador, S. Africa, Korea, China, Germany, Indonesia, Netherlands, New Zealand

21 Printed Circuits 10.7 -46.5 -6.5 0.5 Ireland, China, Finland, Israel, Hungary, Malaysia, Thailand, Korea, New Zealand, Denmark

22 Food Preparations Nesoi 10.3 204.6 14.1 0.6 Korea, Israel, UK, Australia, Switzerland, Singapore, Dom Rep, Kuwait, Sweden, Hungary

23 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 9.9 -3.2 -0.8 0.2 Taiwan, Malaysia, China, Costa Rica, UAE, India, Greece, Canada, Denmark, Bulgaria

24 Industrial Or Lab Elec Furnaces Etc, Parts 9.7 709.5 12.0 1.6 Taiwan, China, Japan, France, Korea, Singapore, Netherlands, Kazakhstan, Hong Kong, Russia

25 Pebbles, Gravel Etc; Macadam Of Slag, Dross Etc. 9.5 -18.1 -12.2 26.6 Japan, Philippines, New Zealand, Turks/Caicos, China, UK, Norway, Colombia, Bermuda, Trinidad

26 Granite, Porphyry, Basalt Etc., Crude Or Cut Etc. 9.5 253.2 22.1 19.2 Belgium, Brazil, India, Tanzania, Netherlands, Japan, Bahamas, Dom Rep, Argentina, Trinidad

27 Photo Plates & Still Film, Exposed & Developed 8.3 857.2 27.8 8.0 Germany, Israel, Ireland, Singapore, Malaysia, Mexico, Italy, Colombia, El Salvador, China

28 Electrical Apparatus For Switching Etc, Nov 1000 V 7.8 260.4 12.5 0.1 Mexico, China, Hong Kong, Germany, Netherlands, Korea, Dom Rep, Malaysia, Thailand, Honduras

29 Kraft Paper & Paperboard, Uncoat Nesoi, Rolls Etc 7.8 40.5 -19.8 0.5 Mexico, Guatemala, Costa Rica, Switzerland, Colombia, Honduras, Monaco, Nicaragua, Morocco, Turkey

30 Elec Trans, Static Conv & Induct, Adp Pwr Supp, Pt 7.6 272.9 -8.4 0.3 Malaysia, China, Taiwan, Finland, India, Hong Kong, Costa Rica, Denmark, Barbados, Russia

31 Military Weapons Ex Revolvers Pistols Lances Etc 7.5 51.7 -48.2 2.4 Bahrain, Jordan, Netherlands, Italy, Malaysia, Argentina, Nepal, Lebanon, Switzerland, Jamaica

32 Machinery For Working Rubber & Plast Etc Nesoi, Pt 7.2 287.6 -13.6 0.7 China, Kazakhstan, Belgium, Netherlands, Saudi Arabia, Hungary, Korea, Dom Rep, Malaysia, Ireland

33 Veneer Sheets Etc, Not Over 6 Mm Thick 7.1 27.1 26.9 1.5 China, Spain, Hong Kong, Italy, Korea, Mexico, Malaysia, Egypt, Portugal, Brazil

34 Bovine Animals, Live 6.8 95.7 -19.7 5.2 China, Colombia, Dom Rep, Korea, Panama, Japan, Suriname, Guatemala, Belize, Honduras


Table 2.3 (Continued)





35 Optical Elements, Mounted; Parts & Accessories 6.4 73.0 4.5 2.3 China, Mexico, Korea, Hong Kong, Costa Rica, Malaysia, France, Sweden, Saudi Arabia, Ecuador

36 Inst Etc For Physical Etc Anal Etc; Microtome; Pts 6.4 78.4 16.6 0.2 Korea, Netherlands, Hong Kong, Sweden, France, Japan, Australia, Singapore, Thailand, UAE

37 Binders For Found Molds; Chemical Prod Etc Nesoi 5.7 2.3 8.6 0.4 Switzerland, Japan, China, Thailand, Brazil, Korea, Taiwan, Netherlands, UK, Saudi Arabia

38 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 5.6 -18.8 -8.8 0.1 Sweden, Ireland, Belgium, Australia, Philippines, Finland, Indonesia, Honduras, India, Ecuador

39 Whey & Milk Products Nesoi, Flavored Etc. Or Not 5.5 877.8 9.0 3.7 Japan, Mexico, El Salvador, Guatemala, Switzerland, Malaysia, Ecuador, Netherlands, Bahamas, UAE

40 Converters, Ladles, Ingot Molds & Casting Mach, Pt 5.3 -21.1 -31.5 3.8 Ukraine, Korea, Hungary, Ghana, France, Brazil, Guyana, Italy, Hong Kong, Costa Rica

41 Machines Etc Having Individual Functions Nesoi, Pt 5.1 43.7 -4.7 0.1 Korea, China, Taiwan, Bahamas, Denmark, Hungary, Iraq, Spain, UAE, Costa Rica

42 Articles Of Plastics (Inc Polymers & Resins) Nesoi 5.1 -22.6 17.0 0.1 Mexico, Japan, Belgium, New Zealand, Dom Rep, UK, Korea, Italy, Australia, Zimbabwe

43 Records, Tapes & Other Recorded Sound Media Etc 4.5 21.8 -14.0 0.1 India, Mexico, China, Thailand, Saudi Arabia, UAE, Bermuda, Guatemala, Jamaica, Afghanistan

44 Compounded Rubber, Unvulcanised, Primary Forms Etc 4.4 11,869.4 19.0 1.4 Canada, Mexico, Netherlands, India, Dominica, Thailand, Namibia, Dom Rep, Israel, Sweden

45 Medical, Surgical, Dental Or Vet Inst, No Elec, Pt 4.3 73.7 22.6 0.0 Mexico, Netherlands, Korea, China, Ireland, Belgium, Switzerland, India, Denmark, Spain

46 Survey, Hydrogr, Meteoro Etc Inst; Rangef Etc, Pts 4.3 180.9 -17.6 0.6 Canada, Brazil, Switzerland, Panama, Mexico, India, Bahamas, Uzbekistan, Malaysia, Saudi Arabia

47 Lifting, Handling, Loading & Unload Machines Nesoi 4.2 196.3 -14.0 0.4 Brazil, Ukraine, Kuwait, France, Saudi Arabia, Guatemala, Vietnam, Nigeria, Jamaica, Dom Rep

48 Machinery Etc For Temp Chang Treat Mat; W Heat, Pt 4.1 -14.3 -4.6 0.2 Belgium, Peru, China, Korea, Russia, Ecuador, Cameroon, Romania, Uzbekistan, Guatemala

49 Electric Motors And Generators (No Sets) 4.1 7.8 7.7 0.3 Brazil, Mexico, Spain, France, Venezuela, Italy, Netherlands, UK, Malaysia, Haiti

50 Books, Brochures & Similar Printed Matter 3.8 -0.7 -5.1 0.2 Korea, Mexico, Hong Kong, India, Taiwan, Malaysia, Nigeria, Philippines, France, Djibouti

51 Soap; Organic Surf-Act Prep For Soap Use, Bars Etc 3.8 -9.7 15.5 1.4 Canada, Korea, Australia, Netherlands, Germany, Philippines, China, Hong Kong, Malaysia, Thailand

52 Medicaments Nesoi, Mixed Or Not, In Dosage Etc Fm 3.7 878.8 116.0 0.0 UK, Canada, Belgium, Netherlands, Ireland, France, Mexico, Switzerland, Australia, Germany

53 Orthopedic Appl; Artif Body Pts; Hear Aid; Pts Etc 3.7 44.7 68.9 0.1 Ireland, Switzerland, Japan, UK, Netherlands, Sweden, Mexico, Hong Kong, Germany, Italy

54 Containers (Boxes, Bags Etc), Closurers Etc, Plast 3.6 105.8 51.9 0.1 Mexico, Honduras, China, Korea, El Salvador, Japan, Australia, Dom Rep, Netherlands, Germany

55 Railwy, Tramwy Pass Etc Coaches Not Self-Propelld 3.4 NA 246.7 30.9 Italy, Dom Rep

56 Paper, Paperboard, Cellul Wad To Size & Arts Nesoi 3.4 -51.0 -22.8 0.5 Mexico, Netherlands, Dom Rep, Russia, Thailand, Guatemala, UAE, El Salvador, Germany, Singapore

57 Insulating Fittings For Assembly Nesoi 3.1 662.3 10.9 1.1 Norway, Trinidad, Germany, Brazil, Costa Rica, Chad, Austria, Romania, Bahamas, Finland

58 Syn Monofil Not Un 67 Dec, Cr-Sect Nov1mm, Stno5mm 3.0 38.9 -7.9 1.8 China, France, Turkey, Macao, Sri Lanka, Sweden, Israel, Hong Kong, El Salvador, Indonesia

59 Furniture Nesoi And Parts Thereof 3.0 133.1 -14.7 0.2 Korea, Italy, Israel, Jamaica, Spain, Cyprus, Trinidad, Jordan, Greece, Equatorial Guinea

60 Synthetic Filament Yarn (No Sew Thread), No Retail 2.9 -20.9 -24.2 0.5 China, Korea, S. Africa, Guatemala, Thailand, Romania, Indonesia, Syria, El Salvador, India

61 Carbonates; Peroxocarbonates; Comm Amm Carbonate 2.6 25.2 6.8 0.4 Canada, China, Brazil, Mexico, Japan, Australia, Chile, Argentina, Belgium, Italy

62 Beauty, Make-Up & Skin-Care Prep; Manicure Etc Prp 2.6 419.7 41.4 0.2 Korea, Mexico, Japan, Belgium, Netherlands, Switzerland, Italy, Germany, Thailand, Malaysia

63 Articles Of Jewelry & Pts, Of Prec Metal Or Clad 2.5 2,935.4 109.5 0.1 Mexico, Hong Kong, Switzerland, Japan, Dom Rep, Italy, India, France, Thailand, Aruba

64 Interchange Tools For Hand- Or Machine-Tools, Bmpt 2.5 243.9 -2.2 0.2 China, Malaysia, Hong Kong, Korea, S. Africa, Singapore, Russia, Chad, Belgium, Syria

65 Pumps For Liquids; Liquid Elevators; Parts Thereof 2.4 23.6 9.6 0.1 Canada, Mexico, Russia, UAE, Sweden, Australia, Chad, Saudi Arabia, Germany, Finland

66 Worked Mica & Articles Support On Paper Etc Or Not 2.3 38.2 23.3 16.5 Brazil, Taiwan, Russia, Romania, Italy, Egypt, India, Spain, Jamaica, Colombia

67 Birds' Eggs, In The Shell, Fresh, Preserv Or Cookd 2.3 25.8 -22.4 2.0 Jamaica, France, UK, Brazil, Trinidad, Japan, Belgium, Cuba, Ecuador, Israel

68 Machines, Dishwash, Clean Etc Cont & Fill, Pak Etc 2.1 30.3 -11.3 0.2 Canada, Slovakia, Portugal, Greece, Austria, Bahamas, Costa Rica, Thailand, Dom Rep, Haiti


Table 2.3 (Continued)





69 Electric Capacitors, Fixed, Var Or Adj (Preset) Pt 2.1 27.1 1.2 0.1 Malaysia, Netherlands, Hong Kong, Brazil, Czech Republic, El Salvador, Portugal, Australia, China, Sweden

70 Made-Up Clothing Access Nesoi, Parts Etc, Knit Etc 2.0 4,449.4 -11.2 1.0 Honduras, El Salvador, Hong Kong, Haiti, Italy, Ghana, Cayman Islands, Aruba, Panama, Chile

71 Amino-Resins, Phenolics & Polyurethanes, Prim Form 2.0 4,222.1 29.0 0.3 Mexico, China, Korea, Malaysia, Taiwan, Japan, Thailand, Canada, Colombia, Brazil

72 Electric Apparatus For Line Telephony Etc, Parts 2.0 616.1 3.4 0.0 Netherlands, China, Korea, Australia, Ireland, Malaysia, Afghanistan, India, Poland, Thailand

73 Synthetic Staple Fibers, Not Carded, Combed Etc. 1.9 634.4 9.7 0.5 Mexico, Dom Rep, Spain, Honduras, Guatemala, Netherlands, Hong Kong, Indonesia, Costa Rica, China

74 Vulcanized Rubber Thread And Cord 1.8 -46.6 -29.6 15.9 Singapore, Korea, Mexico, Chile, Philippines, Indonesia, Jamaica, Ireland, Morocco, China

75 Titanium & Articles Thereof, Includ Waste & Scrap 1.8 42.8 -16.5 0.5 Mexico, Taiwan, Belgium, Switzerland, Austria, Jordan, Singapore, Australia, Russia, Brazil

76 Paper And Paperboard, Corrugated Etc, Rolls Etc 1.8 1,199.5 73.6 0.8 Germany, Guatemala, Hong Kong, China, Belgium, Dom Rep, Korea, Spain, St. Lucia, Japan

77 Apparatus Etc For Photo Labs Etc Nesoi; Parts Etc 1.7 7.7 8.9 0.4 Japan, Mexico, Thailand, UK, Taiwan, Switzerland, Ecuador, India, Peru, Netherlands Antilles

78 Nonwovens, Whether Or Not Impregnated, Coated Etc 1.7 38.5 16.2 0.2 China, Mexico, Germany, Hong Kong, Canada, Czech Republic, Dom Rep, Japan, Luxembourg, Malaysia

79 Textile Products Etc. For Specific Tech Uses Nesoi 1.6 3,771.4 1.2 0.6 Mexico, China, Ireland, Japan, Hong Kong, Korea, Haiti, Taiwan, Indonesia, Philippines

80 Structures Nesoi & Parts Thereof, Of Iron Or Steel 1.6 77.4 -10.6 0.4 Nigeria, Jamaica, Trinidad, Kenya, Tanzania, Croatia, Israel, Chad, Spain, Tunisia

81 Natural Steatite, Roughly Trimmed Etc; Talc 1.6 388.2 34.5 4.4 Singapore, Brazil, Netherlands, China, Korea, Germany, Japan, Italy, Chile, Kuwait

82 Drawing, Math, Measuring Inst Etc Nesoi, Parts 1.6 984.4 -7.5 0.4 Hong Kong, Venezuela, China, Peru, UK, Honduras, Guatemala, UAE, Israel, Colombia

83 Printed Matter Nesoi, Incl Print Pictures & Photos 1.6 -35.8 0.1 0.2 Canada, Mexico, Taiwan, Japan, Switzerland, France, Jamaica, China, Peru, Dominica

84 Parts For Machinery Of Headings 8425 To 8430 1.5 248.7 -10.8 0.0 Russia, Israel, UAE, Aruba, Angola, Indonesia, Mexico, Nigeria, Norway, Netherlands

85 Parts Etc For Machine Tools Of Head 8456 To 8465 1.5 -48.4 -16.0 0.1 Taiwan, Honduras, China, Singapore, Korea, Philippines, Ecuador, Belgium, Nigeria, Romania

86 Machines, Nesoi In Chapter 90; Profile Project, Pt 1.5 -61.4 21.1 0.1 Taiwan, Japan, Mexico, Germany, Korea, Canada, China, Malaysia, Sweden, Czech Republic

87 Air Or Vac Pumps, Compr & Fans; Hoods & Fans; Pts 1.5 615.9 5.4 0.0 China, Singapore, France, Ireland, Vietnam, Russia, Kuwait, Kazakhstan, Saudi Arabia, Malaysia

88 Prep Pigments Etc For Ceramic Etc Indust; Frit Etc 1.4 175.0 -26.0 1.1 Hong Kong, Korea, India, China, Australia, Poland, UAE, Thailand, Israel, Czech Republic

89 Automatic Regulating Or Control Instruments; Parts 1.4 -67.0 8.5 0.0 Mexico, China, UK, Austria, Japan, Russia, Philippines, Sweden, UAE, Korea

90 Gaskets & Similar Joints Of Metal Sheeting 1.4 29.2 25.4 0.5 Canada, Germany, Mexico, UK, Singapore, Netherlands, Switzerland, Hong Kong, Brazil, Australia

91 Plates, Sheets, Film Etc No Ad, Non-Cel Etc, Plast 1.4 38.2 2.9 0.1 China, Korea, Singapore, Taiwan, Dom Rep, France, Thailand, Guatemala, Malaysia, India

92 Bombs, Grenades Etc; Cartridges Etc And Parts 1.4 55.0 -5.1 0.1 UK, Greece, Japan, Germany, Korea, Spain, Bahrain, Australia, Netherlands, Luxembourg

93 Travel Goods, Handbags, Wallets, Jewelry Cases Etc 1.4 14.3 11.7 0.4 Japan, Korea, Hong Kong, Taiwan, Mexico, Singapore, Netherlands, Malaysia, China, Ecuador

94 Photographic Chemicals; Unmixed Prod Retail Packed 1.3 NA 25.6 0.2 Mexico, China, Germany, Belgium, Taiwan, Hong Kong, UK, Singapore, France, Korea

95 Electric Filament Or Discharge Lamps, Parts 1.3 176.7 -10.9 0.2 Hungary, Japan, Singapore, Switzerland, India, Algeria, Indonesia, Slovakia, Poland, Kuwait

96 Polymers Of Propylene Or Other Olefins, Prim Forms 1.3 -63.4 47.0 0.1 Mexico, Canada, China, Korea, Belgium, Japan, Vietnam, UK, Turkey, Taiwan

97 Crustcns Lve Frsh Etc, Ckd Etc.; Flrs Mls H Cnsump 1.2 146.3 19.1 0.3 Spain, Italy, France, Korea, China, Belgium, Dom Rep, Thailand, Bahrain, Qatar

98 Yarn (No Sew Thread), Art Staple Fib, Not Retail 1.2 NA -40.9 26.3 Mexico, Guatemala, China, Taiwan, India, Philippines, Dom Rep, Netherlands, Bolivia, Czech Republic

99 Prefabricated Buildings 1.2 2,362.4 -27.4 0.4 Mexico, France, Ukraine, Costa Rica, Thailand, Denmark, Sweden, Chad, Honduras, Netherlands

100 Paper & Paperboard, Uncoat, Nesoi, Rolls Or Sheets 1.2 -20.2 -18.5 0.3 Canada, Brazil, Vietnam, Egypt, Trinidad, Guyana, UAE, Ireland, Sweden, Jamaica


Vermont Top 5 HS Sectors by Commodity and Destinations

Electric Machinery Etc; Sound equipment; TV Equipment; Parts

The electric machinery sector is driven almost completely by the ups and downs of electronic integrated circuits and microassemblies, which accounts for 95% of the sector’s total export volume. Although the 6.8% decline in export shipments of the commodity in 2002 were not out of line with the corresponding US industry average of -5.4%, it was still -- at -$126.7 million --Vermont’s largest single commodity loss at the 4-digit level. By destination markets, the export performance of electronic integrated circuits was split. Shipments were up to major markets in Asia with Taiwan leading in export growth, followed by Korea, Singapore and Japan. Shipments also rose rapidly to the Netherlands. The biggest losses came in Canada, the UK and Italy. Industrial Machinery, Including Computers

Industrial machinery, including computers, was the second largest export loss category in 2002, falling by $45.4 million, or 22.8%. Although the actual dollar value of the loss was less than half that of electric machinery, the percentage drop in overseas market share for industrial machinery was much higher relative to that sector. Automatic data processing machines and turbojets, turbopropellers and gas turbines accounted for most of the sector losses. As mentioned above, the only commodity in the sector with a strong export showing in 2002 was molding boxes for metal foundries which rose $7.3 million, or 35.3%. Over the past five years, the market for this category has increased by 449%. The UK and Canada were among the top loss markets for industrial machinery. Partially offsetting these declines were impressive gains in the Netherlands and Mexico. Optic, Photo Etc, Medical or Surgical Instruments Etc

The instrumentation sector also suffered a particularly harsh year for exports in 2002. Oscilloscopes/spectrum analyzers were the 4-digit commodity export loss leader for the year, falling $12.5 million, or 55.9%. Canada and Ireland showed the biggest drop in imports of Vermont instrumentation in 2002 while seven of the top 10 commodities showed some measure of decline. However, despite the $25.3 million, or 30.1%, overseas sector market loss in 2002, instrumentation still showed a net gain of 17.4% export growth for 1998-2002. Six of the sector’s top 10 export commodities had higher growth rates than their US counterparts in the five year period; four of those six commodities were medical or surgical related. Wood and Articles of Wood; Wood Charcoal

Wood exports from Vermont in 2002 reflected the performance of the US overall. Shipments from Vermont dipped 5% while the US industry fell 3.4% from the previous year. For 1998-2002, however, the state significantly outperformed the US. Vermont exports for the period rose a respectable 13.6% compared to a corresponding 13.1% loss for producers nationwide. Vermont is almost totally dependent on Canada as a market for its wood exports, sending 94% of all export shipments to our northern neighbor.

Paper and Paperboard & Articles (Including Paper Pulp Articles)

Paper and paperboard exports also closely tracked national trends in 2002, falling 6.7% compared to the US decline rate of 5.1%. The sector is driven by paper and paperboard coated with kaolin, which accounts for about 60% of total sector shipments. Exports of this commodity were down slightly in 2002, dropping by $500,000, or 2.1%. The biggest decrease in 2002 came from uncoated papers for writing, which plunged $2.1 million, or 84.3%. As with wood products, paper and paperboard exports


rely heavily on the Canadian market, which took 76% of the industry’s export shipments in 2002. Shipments to Canada were down $1.4 million in 2002. Mexico is the second largest export market for the industry, accounting for about 17% of all sector exports. Exports to Mexico rose by about $1.1 million in 2002.


Table 3 Vermont Exports by 2-Digit HS by Leading Commodity Components

Top 12 HS Chapters by Top 10 Commodities





HS TOTAL ALL COMMODITIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 1,829.1 -124.6 -6.4 -9.9 -1,138.0 -38.4 1.8 1.7


8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 16.5 1.5 10.2 -2.4 15.8 2,109.5 25.8 1.3



8536 Electrical Apparatus For Switching Etc, Nov 1000 V 7.8 -0.2 -2.2 -9.4 5.6 260.4 12.5 0.1

8504 Elec Trans, Static Conv & Induct, Adp Pwr Supp, Pt 7.6 2.8 57.6 -24.8 5.5 272.9 -8.4 0.3

8544 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 5.6 -1.4 -20.3 -14.2 -1.3 -18.8 -8.8 0.1

8524 Records, Tapes & Other Recorded Sound Media Etc 4.5 -2.0 -30.6 -4.5 0.8 21.8 -14.0 0.1

8501 Electric Motors And Generators (No Sets) 4.1 1.6 67.7 -5.7 0.3 7.8 7.7 0.3

8547 Insulating Fittings For Assembly Nesoi 3.1 0.9 43.5 13.9 2.7 662.3 10.9 1.1

84 Industrial Machinery, Including Computers 153.5 -45.4 -22.8 -10.3 -46.9 -23.4 -4.3 0.1




8481 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 16.4 -1.4 -7.9 -3.9 -2.4 -12.9 14.9 0.5


8477 Machinery For Working Rubber & Plast Etc Nesoi, Pt 7.2 4.2 141.6 -12.5 5.3 287.6 -13.6 0.7

8454 Converters, Ladles, Ingot Molds & Casting Mach, Pt 5.3 -0.7 -12.3 -3.5 -1.4 -21.1 -31.5 3.8

8479 Machines Etc Having Individual Functions Nesoi, Pt 5.1 -5.4 -51.4 -21.5 1.6 43.7 -4.7 0.1

8428 Lifting, Handling, Loading & Unload Machines Nesoi 4.2 -1.5 -26.5 -8.1 2.8 196.3 -14.0 0.4

8419 Machinery Etc For Temp Chang Treat Mat; W Heat, Pt 4.1 -1.6 -27.9 -9.0 -0.7 -14.3 -4.6 0.2

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 58.9 -25.3 -30.1 -6.9 8.7 17.4 15.0 0.1

9026 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 11.9 -0.5 -3.7 -5.2 1.5 14.9 14.2 0.9

9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 9.9 -12.5 -55.9 -17.4 -0.3 -3.2 -0.8 0.2

9002 Optical Elements, Mounted; Parts & Accessories 6.4 0.9 15.9 -9.3 2.7 73.0 4.5 2.3

9027 Inst Etc For Physical Etc Anal Etc; Microtome; Pts 6.4 -0.3 -4.0 -5.8 2.8 78.4 16.6 0.2

9018 Medical, Surgical, Dental Or Vet Inst, No Elec, Pt 4.3 -0.2 -3.5 -1.1 1.8 73.7 22.6 0.0

9015 Survey, Hydrogr, Meteoro Etc Inst; Rangef Etc, Pts 4.3 0.1 3.1 -6.4 2.8 180.9 -17.6 0.6

9021 Orthopedic Appl; Artif Body Pts; Hear Aid; Pts Etc 3.7 0.7 21.9 9.0 1.1 44.7 68.9 0.1

9010 Apparatus Etc For Photo Labs Etc Nesoi; Parts Etc 1.7 -4.9 -73.6 13.8 0.1 7.7 8.9 0.4

9017 Drawing, Math, Measuring Inst Etc Nesoi, Parts 1.6 0.1 4.6 -0.4 1.4 984.4 -7.5 0.4

9031 Machines, Nesoi In Chapter 90; Profile Project, Pt 1.5 -5.1 -77.2 -7.6 -2.4 -61.4 21.1 0.1

44 Wood And Articles Of Wood; Wood Charcoal 53.6 -2.8 -5.0 -3.4 6.4 13.6 -13.1 1.1

4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 22.8 -3.2 -12.1 -3.0 14.1 162.3 -10.6 1.8

4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 21.5 0.1 0.3 -3.8 -3.8 -14.9 -12.3 1.2

4408 Veneer Sheets Etc, Not Over 6 Mm Thick 7.1 0.2 3.3 12.9 1.5 27.1 26.9 1.5

4412 Plywood, Veneered Panels & Similar Laminated Wood 0.9 0.4 79.7 -1.4 0.1 9.5 -35.3 0.5

4415 Packings Etc, Wood; Pallets, Collars Etc, Of Wood 0.3 -0.1 -20.7 9.2 -0.2 -39.0 18.8 0.4

4421 Articles Of Wood, Nesoi 0.3 0.0 -12.2 -24.3 -1.0 -78.7 -32.1 0.2

4401 Fuel Wood In Logs Etc; Wood In Chips, Etc. 0.2 0.1 54.5 -30.9 -0.1 -38.0 -56.9 0.1

4409 Wood, Continuously Shaped (Tongued, Grooved Etc.) 0.1 -0.1 -37.0 6.6 0.0 18.6 1.2 0.1

4413 Densified Wd Blocks/Plates/Strips/Profile Shapes 0.1 0.0 1.6 312.7 0.1 99.4 526.2 0.3

4418 Builders' Joinery And Carpentry Of Wood 0.1 -0.2 -72.6 -9.9 -4.2 -98.3 -25.2 0.0


Table 3 (Continued)

Vermont Exports by 2-Digit HS by Leading Commodity Components






48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 41.4 -3.0 -6.7 -5.1 0.9 2.2 -1.1 0.4

4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 25.0 -0.5 -2.1 5.0 8.7 53.1 -0.5 1.6

4804 Kraft Paper & Paperboard, Uncoat Nesoi, Rolls Etc 7.8 0.5 7.1 -3.1 2.3 40.5 -19.8 0.5

4823 Paper, Paperboard, Cellul Wad To Size & Arts Nesoi 3.4 0.4 13.8 -25.6 -3.5 -51.0 -22.8 0.5

4808 Paper And Paperboard, Corrugated Etc, Rolls Etc 1.8 0.9 98.6 61.3 1.6 1,199.5 73.6 0.8

4805 Paper & Paperboard, Uncoat, Nesoi, Rolls Or Sheets 1.2 0.4 42.7 -17.2 -0.3 -20.2 -18.5 0.3

4821 Labels Of Paper Or Paperboard, Printed Or Not 0.5 0.3 142.7 -5.9 -0.6 -55.7 20.7 0.1

4818 Toilet Paper & Similar Household, Sanitary Items 0.4 0.0 4.7 -10.3 0.3 172.6 28.0 0.0

4802 Paper, Uncoat, For Writing Etc, Rolls; Hndmd Paper 0.4 -2.1 -84.3 -8.2 -4.7 -92.4 6.5 0.1

4809 Paper, Carbon, Self-Copy Etc, Rolls Etc 0.4 0.1 48.4 0.8 0.3 1,025.5 24.9 0.3

4819 Cartons Etc Paper; Office Box Files Etc, Paper Etc 0.2 0.0 3.9 -8.1 -0.8 -79.2 2.8 0.0

73 Articles Of Iron Or Steel 39.0 -4.6 -10.6 -3.8 16.6 74.3 -4.7 0.5


7321 Stoves, Ranges Etc, Nonel Domest & Pts, Ir & Steel 11.1 0.7 6.9 -0.2 3.2 39.7 -7.4 5.4

7308 Structures Nesoi & Parts Thereof, Of Iron Or Steel 1.6 -0.1 -7.6 -4.7 0.7 77.4 -10.6 0.4

7325 Cast Articles Nesoi, Of Iron Or Steel 0.6 0.2 35.4 -6.1 0.0 -2.9 -5.3 0.4

7307 Tube Or Pipe Fittings, Of Iron Or Steel 0.5 -5.3 -91.0 -8.2 -0.4 -42.7 -13.2 0.1

7326 Articles Of Iron Or Steel, Nesoi 0.2 -0.2 -56.9 -3.7 -0.7 -80.7 17.5 0.0

7314 Cloth, Grill Etc Ir Or St; Expand Metal, Ir Or St 0.2 0.0 -18.4 -9.9 0.1 146.1 18.3 0.2

7320 Springs & Leaves For Springs, Iron Or Steel 0.2 0.0 22.8 -4.4 0.2 NA -21.3 0.1

7323 Household Art & Pts, Ir & St; Ir Or Steel Wool Etc 0.1 0.0 42.7 -27.2 0.1 576.8 -19.0 0.1

7315 Chain & Parts, Of Iron Or Steel 0.1 0.1 441.6 -2.6 0.1 118.0 -9.9 0.1

88 Aircraft, Spacecraft, And Parts Thereof 35.7 -14.9 -29.4 -1.8 25.7 258.0 -16.2 0.1


8803 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 14.3 -2.7 -15.8 -9.5 4.8 50.4 -3.9 0.1

8804 Parachutes (Including Dirigible Parachutes) Rotoch 0.0 0.0 -20.7 46.5 0.0 -30.7 35.4 0.1

8801 Balloons & Dirigibles; Gliders Etc 0.0 0.0 NA -39.0 0.0 NA -25.5 0.1

8805 Aircraft Launch Gear; Deck-Arrest; Gr Fl Train; Pt 0.0 -0.1 -100.0 26.5 -0.1 -100.0 -1.8 0.0

87 Vehicles, Except Railway Or Tramway, And Parts Etc 33.7 -1.9 -5.2 6.4 16.6 96.6 5.8 0.1


8701 Tractors (Other Than Works Trucks Of Heading 8709) 0.8 0.1 9.3 20.8 0.2 29.8 -27.4 0.0

8703 Motor Cars & Vehicles For Transporting Persons 0.8 0.0 4.0 14.9 0.6 324.6 26.4 0.0

8704 Motor Vehicles For Transport Of Goods 0.6 0.5 1,247.8 7.4 0.5 910.2 -10.3 0.0

8702 Motor Vehicle F Trnspt >Ten Persons Includ Driver 0.4 0.4 NA 22.3 0.3 1,106.5 -1.9 0.1

8706 Chas W Eng F Trac, Mtr Veh F Pass/Gd & Special Pur 0.2 0.2 2,232.3 -32.3 0.2 260.7 -17.6 0.1

8716 Trailers Etc; Other Vehicles, Not Mech Propeld, Pt 0.1 0.1 67.8 3.3 -0.6 -81.7 -14.3 0.0

8710 Tank & Ot Armored Fight Veh, Motorized; And Parts 0.1 0.0 -20.9 15.4 0.1 380.0 -5.3 0.0

8711 Motorcycles (Incl Mopeds) & Cycles With Aux Motor 0.0 0.0 -28.5 8.6 0.0 -47.6 23.7 0.0

8707 Bodies (Including Cabs), For Specif Motor Vehicles 0.0 0.0 NA -15.5 0.0 NA -51.0 0.0


Table 3 (Continued)

Vermont Exports by 2-Digit HS by Leading Commodity Components






98 Special Classification Provisions, Nesoi 27.0 -30.1 -52.7 -7.3 -5.2 -16.2 8.6 0.1


9880 Est. Low Value Shp; Canadian Low Value And Nik 3.0 0.0 -1.6 -9.3 -0.2 -6.2 10.8 0.0

9801 Expts Of Repaired Impts; Impts Of Returned Expts 2.3 1.9 483.3 23.2 1.9 430.6 89.1 0.1

9802 Expts Charity Nesoi; Impts Return Articls, Advancd 1.0 0.8 410.9 1.1 1.0 NA 52.1 0.1

9809 Exports Valued Not Over $10,000, Not Indentified 0.5 -0.7 -56.1 -26.0 -1.6 -75.6 -54.4 0.1

21 Miscellaneous Edible Preparations 23.2 2.6 12.8 2.4 18.2 362.9 23.1 0.8

2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 12.6 -0.2 -1.4 -8.1 11.0 707.8 -9.3 15.9

2106 Food Preparations Nesoi 10.3 2.7 35.7 1.5 6.9 204.6 14.1 0.6

2103 Sauces & Prep; Mixed Condiments, Mustard Flour Etc 0.2 0.1 31.7 3.2 0.2 281.1 26.0 0.0

2101 Extracts Etc Of Coffee, Tea Or Mate; Roast Chicory 0.1 0.0 105.6 7.4 0.1 476.1 73.2 0.1

2102 Yeasts; Dead Sing-Cell Micro-Org Nesoi; Bak Powder 0.0 0.0 -1.5 3.0 0.0 NA 23.1 0.0

95 Toys, Games & Sport Equipment; Parts & Accessories 22.4 -7.8 -25.8 -5.7 -15.8 -41.4 -6.8 0.6


9503 Toys Nesoi; Scale Models Etc; Puzzles; Parts Etc 0.9 0.1 13.9 -6.8 0.5 139.1 -11.4 0.2

9507 Fishing Rods & Tackle; Nets; Decoys Etc; Parts Etc 0.1 -0.1 -53.7 -11.5 -0.1 -50.4 -17.5 0.1

9504 Articles For Arcade, Table Or Parlor Games, Parts 0.0 0.0 7.6 5.3 -0.1 -75.3 -5.5 0.0

9502 Dolls, Representing Only Human Beings, & Parts Etc 0.0 0.0 -52.1 -15.7 0.0 -35.6 -7.0 0.0

9508 Merry-Go-Rounds, Oth Fairground Amusements, Parts 0.0 0.0 NA -67.8 -0.5 -99.3 -48.1 0.0

9505 Festive, Carnival Or Other Entertainment Art, Pts 0.0 0.0 -84.3 -3.7 0.0 -74.7 9.4 0.0

9501 Wheel Toys Rddn By Child;Doll Strll; Pts & Access 0.0 0.0 -100.0 -31.9 0.0 NA -3.1 0.0

25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 21.4 2.1 10.9 -7.5 5.8 36.9 -3.3 1.4

2517 Pebbles, Gravel Etc; Macadam Of Slag, Dross Etc. 9.5 0.9 10.3 2.3 -2.1 -18.1 -12.2 26.6

2516 Granite, Porphyry, Basalt Etc., Crude Or Cut Etc. 9.5 1.0 11.2 -10.4 6.8 253.2 22.1 19.2

2526 Natural Steatite, Roughly Trimmed Etc; Talc 1.6 0.4 30.6 21.3 1.3 388.2 34.5 4.4

2515 Marble, Travertine Etc. And Alabaster, Crude Etc. 0.3 0.0 5.4 -3.4 0.0 0.0 -8.0 5.9

2523 Portland Cement, Aluminous Cement, Slag Cement Etc 0.2 0.0 -9.2 3.5 0.0 -15.4 6.7 0.3

2514 Slate, Crude Or Roughly Trimmed 0.1 0.0 21.2 -35.3 0.0 -18.2 6.5 12.7

2505 Natural Sands Of All Kinds, Except Metal-Bearing 0.0 0.0 -49.7 -1.3 0.0 NA -7.7 0.0

2520 Gypsum; Anhydrite; Plasters (Cal Gypsm Or Sulfate) 0.0 -0.1 -64.6 -6.3 0.0 -5.1 12.2 0.1

2507 Kaolin And Other Kaolinic Clays, Incl Calcined 0.0 0.0 486.7 -4.9 0.0 -72.6 -6.1 0.0

2509 Chalk 0.0 0.0 -7.5 53.3 -0.1 -82.9 7.7 0.9


Table 4

Vermont Exports by 2-Digit HS by Leading Destination Countries

Top 12 HS Chapters by Top 10 Destinations

■■ VT export growth exceeds US growth, ■ VT exports as a % of US exports exceeds VT average % of US exports Table 4 (Continued)


VT ($mil) VT 01-02 VT 01-02 US 01-02 VT 98-02 VT 98-02 US 98-02 VT AS %



85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 1,829.1 -124.6 -6.4 -9.9 -1,138.0 -38.4 1.8 1.7

Canada 665.9 -261.3 -28.2 -14.7 -1,501.2 -69.3 -15.1 3.9

Korea, Republic Of 319.0 140.9 79.1 10.2 202.1 172.9 19.6 5.5

China (Taiwan) 317.8 162.9 105.2 13.5 267.3 529.2 32.5 5.2

Japan 173.7 15.5 9.8 -23.2 71.2 69.5 -20.8 2.7

Netherlands 81.0 29.1 56.2 9.3 79.9 6,970.8 38.0 3.0

United Kingdom 54.4 -69.2 -56.0 -25.5 0.7 1.3 -21.4 1.4

Singapore 30.7 20.8 208.8 -13.5 -64.9 -67.8 -26.5 0.8

Italy 28.1 -66.5 -70.3 -32.6 -210.1 -88.2 -29.2 3.3

Hong Kong 27.1 -14.4 -34.7 2.3 11.5 73.8 15.9 0.7

Thailand 23.0 -7.1 -23.5 -32.0 11.5 99.8 -19.9 1.7


Canada 61.0 -10.5 -14.7 -5.0 -15.4 -20.2 -3.6 0.2

Netherlands 12.4 9.7 357.3 -24.5 8.5 215.0 -22.5 0.3

United Kingdom 7.2 -13.0 -64.5 -19.0 -12.8 -64.1 -16.1 0.1

Germany 7.0 -6.9 -49.7 -21.2 -4.4 -38.5 -7.1 0.1

Japan 6.8 -2.2 -24.7 -21.4 3.2 87.1 -10.1 0.1

Mexico 6.2 4.2 200.9 1.7 -7.1 -53.3 32.5 0.0

Singapore 5.9 1.4 32.1 -10.2 0.7 13.9 -3.2 0.1

Luxembourg 5.2 2.3 79.8 -39.3 4.7 1,008.3 -54.2 12.1

China (Mainland) 5.1 3.2 177.0 1.0 4.7 1,194.3 51.2 0.1

Switzerland 3.9 2.4 150.9 -17.3 3.0 336.6 -14.3 0.5


Canada 16.2 -9.2 -36.3 -9.2 -2.7 -14.5 4.8 0.3

Germany 10.5 -3.0 -22.4 -11.4 2.8 36.9 15.7 0.3

United Kingdom 5.2 -1.5 -22.0 -15.6 -0.2 -3.6 5.3 0.2

France 3.4 -1.4 -28.3 -10.5 -1.0 -23.1 1.8 0.2

Japan 2.9 -0.3 -9.6 -10.9 1.6 120.4 10.0 0.1

Singapore 2.4 -1.0 -29.9 10.2 2.1 611.2 25.6 0.2

Spain 1.9 0.2 11.1 -9.4 1.3 246.9 5.2 0.4

Ireland 1.9 -9.0 -83.0 16.9 0.6 43.3 150.2 0.2

Italy 1.6 0.0 0.7 -8.6 0.6 65.4 15.8 0.2

Australia 1.2 0.3 29.2 -1.1 1.0 490.4 6.7 0.1

44 Wood And Articles Of Wood; Wood Charcoal 53.6 -2.8 -5.0 -3.4 6.4 13.6 -13.1 1.1

Canada 50.6 -3.6 -6.6 3.1 9.3 22.5 10.4 2.9

China (Taiwan) 0.6 0.2 43.2 26.3 -0.9 -60.5 -3.3 0.7

China (Mainland) 0.5 -0.1 -9.7 59.3 0.3 99.1 430.6 0.2

Italy 0.5 0.3 143.2 -3.4 0.4 448.2 -18.1 0.3

Thailand 0.2 0.2 1,059.3 24.8 0.2 NA 46.5 0.8

Germany 0.2 0.2 197.5 -17.7 -0.2 -49.6 -52.0 0.2


United Kingdom 0.1 0.0 11.8 -15.9 -1.2 -90.9 -29.7 0.1

Hong Kong 0.1 -0.2 -63.3 20.3 -1.2 -92.7 82.0 0.1

Spain 0.1 0.0 -25.4 -5.2 0.0 -15.0 -1.4 0.0







48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 41.4 -3.0 -6.7 -5.1 0.9 2.2 -1.1 0.4

Canada 31.3 -1.4 -4.2 -0.2 2.4 8.3 21.6 0.8

Mexico 6.9 1.1 17.9 -10.6 0.3 4.6 11.5 0.3

Saudi Arabia 0.5 0.2 50.5 4.3 0.5 2,642.7 -25.9 1.0


Germany 0.3 -0.6 -67.0 -36.3 0.3 1,062.8 -45.4 0.3

Israel 0.2 -0.1 -30.8 -20.7 0.1 64.3 -45.5 0.4

Brazil 0.2 -0.5 -73.6 -19.2 -0.8 -82.2 -62.3 0.2

Colombia 0.1 -0.2 -57.3 10.2 0.0 33.3 -0.1 0.1

Greece 0.1 -0.1 -46.1 18.3 0.0 -23.5 56.1 1.3

China (Mainland) 0.1 -0.1 -41.0 22.2 0.0 29.2 19.7 0.0

73 Articles Of Iron Or Steel 39.0 -4.6 -10.6 -3.8 16.6 74.3 -4.7 0.5

Canada 34.5 2.8 8.9 -1.2 18.6 116.6 4.1 1.0

Japan 1.8 -0.3 -12.5 8.5 0.6 54.1 -8.9 0.9

France 0.4 -0.3 -38.4 -13.4 0.0 11.6 25.1 0.4

Italy 0.4 -0.2 -37.5 2.5 0.0 4.5 1.9 1.0

United Kingdom 0.3 -0.6 -69.2 -19.5 -0.9 -77.7 -16.2 0.1

Mexico 0.2 0.0 12.0 -10.4 0.1 182.4 -2.3 0.0

Ireland 0.2 0.1 65.3 60.7 -0.3 -64.5 92.9 0.3

Netherlands 0.2 0.1 1,411.1 -7.9 0.1 2,780.3 -4.2 0.2

Sweden 0.1 -0.4 -73.1 -19.7 -0.6 -79.3 -37.1 0.7

Spain 0.1 -0.1 -36.1 -21.2 0.0 33.0 22.3 0.6

88 Aircraft, Spacecraft, And Parts Thereof 35.7 -14.9 -29.4 -1.8 25.7 258.0 -16.2 0.1

Canada 22.4 -14.3 -38.9 -17.1 20.7 1,240.4 15.3 1.0

United Kingdom 6.2 2.6 75.3 -42.1 4.8 351.9 -52.7 0.2

France 3.1 -1.4 -31.3 31.5 -0.2 -6.0 50.5 0.1

Korea, Republic Of 0.8 0.0 -0.9 -11.5 0.8 8,391.2 49.0 0.0

Germany 0.5 0.0 -5.7 -44.1 0.1 26.5 -52.5 0.0

Australia 0.4 -0.5 -53.9 218.5 -0.2 -31.3 264.6 0.0

Norway 0.4 0.4 NA -8.5 0.3 209.9 13.7 0.2

Republic Of South Africa 0.3 0.3 1,754.6 -53.3 0.1 32.2 -57.5 0.1

Antigua 0.3 0.1 48.6 -48.6 0.3 672.2 271.5 7.5

Singapore 0.3 0.2 495.6 -20.2 0.3 9,237.6 54.2 0.0


Canada 30.1 -3.1 -9.3 13.6 15.5 105.7 10.0 0.1

Mexico 2.2 0.5 31.4 -3.2 2.1 3,182.3 34.1 0.0

Germany 0.4 0.4 1,258.7 33.6 0.4 364.6 55.8 0.0

United Kingdom 0.4 0.2 86.7 2.4 0.2 146.0 10.7 0.0

Japan 0.1 0.0 -18.5 -5.9 -0.5 -78.2 -27.2 0.0

Malaysia 0.1 0.1 NA -9.2 0.1 NA 155.1 0.3

Italy 0.1 0.0 -22.6 5.5 0.1 NA 35.2 0.0

Australia 0.1 0.0 34.5 14.4 0.0 17.4 0.4 0.0

Bahamas 0.0 0.0 NA -7.5 0.0 NA -8.7 0.1

Norway 0.0 0.0 319.5 4.9 -0.4 -90.9 -39.8 0.1


Table 4 (Continued)








Canada 23.6 -32.0 -57.5 -16.5 -6.2 -20.9 28.9 0.5

Germany 0.8 0.6 495.6 -5.0 0.6 517.6 8.8 0.1

Armenia 0.6 0.6 NA 7.9 0.6 NA 32.5 2.5

Korea, Republic Of 0.5 0.5 1,349.3 9.2 0.5 2,975.3 46.2 0.1

Indonesia 0.4 0.4 NA -13.5 0.4 1,355.5 -13.3 1.4

Jamaica 0.3 0.3 NA 13.3 0.3 3,210.0 48.9 0.3

Colombia 0.1 0.1 1,799.5 -2.3 0.1 180.8 -47.4 0.1

Hong Kong 0.1 0.1 125.0 -16.4 -0.1 -50.7 -19.6 0.0

China (Mainland) 0.1 -0.1 -62.9 9.6 -0.1 -44.2 14.0 0.0

Japan 0.1 0.0 179.2 -0.6 0.0 -22.0 18.2 0.0

21 Miscellaneous Edible Preparations 23.2 2.6 12.8 2.4 18.2 362.9 23.1 0.8

United Kingdom 10.6 0.9 9.5 27.6 10.3 3,390.6 77.5 11.0

Netherlands 2.7 2.7 105,110.0 24.7 2.7 NA 83.6 3.6

Canada 2.2 1.4 180.4 14.6 -0.4 -16.4 20.7 0.3

Malaysia 1.2 0.0 -2.0 12.3 1.2 NA 48.5 2.6

Mexico 1.2 0.1 5.1 6.4 1.2 NA 89.1 0.3

Hong Kong 1.1 -0.3 -18.5 -6.6 0.8 266.5 -26.0 1.7

China (Mainland) 1.0 0.5 120.5 -23.4 1.0 NA 159.0 2.1

Venezuela 0.7 -0.2 -21.4 -15.0 0.5 414.3 -3.9 3.2

China (Taiwan) 0.6 0.5 532.5 -35.9 0.4 201.6 -0.1 0.9

Panama 0.4 0.3 311.3 -13.4 0.4 528.5 -58.0 2.6


Canada 8.4 -1.2 -12.4 5.1 0.7 9.8 7.8 0.7

United Kingdom 3.6 -1.3 -27.0 -5.3 0.7 23.1 14.0 1.0

New Zealand 1.4 0.1 3.7 -27.7 0.4 39.5 51.0 5.9

Netherlands 1.4 0.0 1.9 20.6 0.4 43.2 35.3 1.6

Germany 1.4 -2.0 -58.4 1.4 0.7 97.9 -34.3 1.3

Australia 1.2 -0.8 -37.8 11.6 -0.8 -40.5 21.8 1.0

Japan 0.8 -1.5 -65.7 -31.8 -10.7 -93.4 -30.8 0.2

Switzerland 0.5 -0.1 -19.9 -14.2 0.0 10.0 -20.2 3.1

France 0.5 -0.4 -43.0 -12.9 -0.4 -42.9 -19.4 0.9

Spain 0.5 0.2 121.4 -22.0 0.2 80.7 -24.4 1.6

25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 21.4 2.1 10.9 -7.5 5.8 36.9 -3.3 1.4

Canada 13.0 1.8 15.9 -2.4 1.3 10.8 10.7 3.3

China (Mainland) 5.5 0.7 13.7 14.2 5.4 7,840.1 318.9 8.0

Hong Kong 1.0 -0.4 -27.5 -12.2 1.0 4,861.1 -27.1 10.5

Italy 0.8 0.1 22.3 -22.7 -0.3 -25.5 -22.2 2.1

Venezuela 0.2 -0.1 -37.8 35.0 -0.2 -47.2 -16.0 1.3

China (Taiwan) 0.2 0.2 NA -6.1 0.1 42.9 -23.0 0.3

Japan 0.1 -0.2 -62.0 -8.7 -0.2 -62.4 -14.4 0.1

Spain 0.1 0.1 NA -28.4 0.0 -1.3 36.3 0.8

Greece 0.1 0.0 -33.7 -10.9 0.1 NA -18.2 5.7

Costa Rica 0.1 0.0 -19.1 72.4 0.0 65.7 174.8 1.4


IV. MAJOR DESTINATIONS FOR VERMONT EXPORTS

0

50

100

150

200

250

300


Valu

e i

n $

Mil

lio

ns

Canada

Asian Continent

Europe

Mexico

Latin America

Australia And Oceania

African Continent

Vermont Exports by World Area 1998-2002

-58%

88%

-31%

50%

5%

-28%

34%

76%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

Canada Asian

Continent

Europe Japan Mexico Latin

America,

Caribbean,

Not Mexico

Australia

And

Oceania

African

Continent

%S

hare

of

To

tal

Exp

ort

s 2

002

-60%

-40%

-20%

0%

20%

40%

60%

80%

100%

%G

row

th 1

998-2

002

%Share VT to World

%Share US to World

%Incr VT 1998-02

%Incr US 1998-02

and by %Growth 1998-2002

VT and US Exports by Relative Share of Region in 2002


Table 5

Vermont Exports by World Region of Destination


North America and Asia share near equal dominance among Vermont’s world regional export markets with total export volumes of approximately $1,084 million and $1,030 million, respectively. In 2002, shipments to North America fell sharply on the heels of an export decline to Canada of $335.6 million. At the same time, exports to Asia were up $254.1 million, with particularly impressive growth to the Asia NICS. Looking at the record of the past five years, it appears Asia may be poised to soon replace North America as the state’s top regional world market. Since 1998, exports to North America have declined 57.3% while Asia exports have climbed an impressive 87.8%. Except for Asia, all regional export markets fell in 2002. European exports dropped precipitously, plummeting by $218.7 million, or 37%. The entire decline came from Western Europe and the European Union. Latin American exports took a similarly heavy hit in 2002 falling by 51%. Most of the decrease came from the larger markets of South America. Losses to Africa and Australia/Oceania were smaller on a smaller volume of trade in 2002. Both regions, however, reported strong five-year growth rates.



TOTAL ALL COUNTRIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

North America 1,084.0 -324.2 -23.0 -2.6 -1,456.6 -57.3 10.8 0.4

Canada 1,054.3 -335.6 -24.1 -1.8 -1,457.9 -58.0 4.3 0.7

Mexico 29.7 11.4 62.3 -3.9 1.3 4.6 23.4 0.0

Latin America, Caribbean, Not Mexico 17.8 -18.6 -51.0 -11.6 -6.8 -27.6 -18.6 0.0

South America 6.9 -17.2 -71.5 -20.6 -7.5 -52.1 -31.4 0.0

Central America 6.2 -0.6 -9.1 8.1 2.8 81.1 10.7 0.1

Caribbean 4.8 -0.8 -13.8 -0.3 -2.1 -30.2 4.0 0.0

Europe 372.4 -218.7 -37.0 -10.1 -170.6 -31.4 -4.0 0.2

Western Europe 366.8 -221.1 -37.6 -10.3 -172.2 -31.9 -3.6 0.2

European Union 352.8 -217.9 -38.2 -9.7 -174.5 -33.1 -3.8 0.2

Eastern Europe 5.6 2.4 75.7 -3.7 1.6 40.6 -11.7 0.1

Former Soviet Republics 2.1 0.3 15.6 0.2 1.4 219.3 -17.1 0.1

Asian Continent 1,030.2 254.1 32.7 -2.9 481.6 87.8 3.1 0.5

Japan 193.7 6.4 3.4 -10.8 64.2 49.6 -11.1 0.4

Asia-Nics 735.7 285.9 63.6 -3.2 376.1 104.6 10.3 1.1

Asean 106.8 9.8 10.1 -4.6 -37.9 -26.2 6.0 0.3

Asia Near East 12.6 -32.4 -72.1 -1.9 -3.9 -23.5 -19.8 0.1

Asia-South 0.9 0.0 -2.5 10.7 0.0 3.4 11.1 0.0

African Continent 3.7 -1.2 -25.1 -13.8 1.6 76.4 -4.5 0.0

Sub-Saharan Africa 1.9 -2.6 -58.0 -13.5 0.6 51.1 -10.0 0.0

Australia And Oceania 12.9 -0.8 -5.9 13.2 3.3 34.3 6.7 0.1


0

50

100

150

200

250

300


Valu

e in

$M

illio

ns

Canada

Korea, Republic Of

China (Taiwan)

Japan

Netherlands

Vermont Exports by Country of Destination

Top 5 Countries 1998-2002

-58%

171%

250%

50%

4%

-60%

-85%

-7% -7%

-10%

0%

10%

20%

30%

40%

50%

Can

ada

Kor

ea, R

epub

lic O

f

China

(Taiwan

)

Japa

n

Net

herla

nds

Unite

d Kin

gdom

Singa

pore

Italy

Hon

g Kon

g

Ger

man

y

%S

hare

of

To

tal E

xp

ort

s 2

002

-100%

0%

100%

200%

300%

400%

500%

%G

row

th 1

998-2

002

%Share VT to World

%Share US to World

%Incr VT 1998-02

%Incr US 1998-02

and by % Growth 1998-2002

VT and US Exports by Relative Share of Country in 2002

1119%


Vermont Exports by Country of Destination and Leading HS Commodities

North America

As noted above, Vermont exports to North America are largely a story of exports to Canada. Shipments to Canada were down by 24.1% in 2002 and since 1998 and have fallen a net 58%, or $1,457.9 million. Canada is the state’s leading export destination for 11 of its top 12 export sectors. In 2002, nine of those 11 sectors saw a drop in export volume. More detailed analysis of the Canadian market is presented in section VI of this report. In contrast to Canada and on a much smaller scale, exports to Mexico were up in 2002, rising by $11.4 million, or 62.3%. Gains were spread among electric machinery, paper and paperboard, and industrial machinery. It should be noted that exports to Mexico can be significantly under-reported for non-border states. Texas is credited with 40% of all US exports due to the consolidation of shipments on the border. Asia

Asia dominated Vermont’s list of top export growth markets in 2002. Korea and Taiwan led the list with increases of $144.4 million (77.1%) and $134.5 million (70.4%), respectively. Singapore, Japan and China were also among the state’s top 10 export markets. Four of those five markets also showed strong growth in 1998-2002. Singapore was the lone exception with a net export loss of 60.3% for the five year period. In all of the state’s major Asian trading markets, the dominant export item is electronic integrated circuits and microassemblies.


Europe

As Asia dominated the export growth column in 2002, Europe’s major export destinations were prominent among the list of declining markets. The UK, Ireland, Italy, France and Germany were all among the state’s top 10 loss markets in 2002. The only significant growth market in Europe in 2002 was the Netherlands, which shot up $40.7 million, or 69.7%. Shipments of electronic integrated circuits and microassemblies accounted for the major swing in export tallies in Europe in 2002, whether positive or negative. In the Netherlands, exports of parts for computers and other office machines also contributed to the state’s rise in shipments to that country. While electronic equipment and computers/machinery are the leading Vermont products sold in Europe, ice cream and medicaments in dosage form showed the largest net gains there in 2002. Latin America

A large drop in shipments to Brazil was the main reason behind Vermont’s plunge into the red in exports to Latin America. Brazil’s decline--primarily of machinery/computers and electric machinery--accounted for 69% of the export loss to the entire region. Vermont’s shipments to other Latin American nations are relatively minor. The biggest gain in the region was in exports to Panama which rose by $1.8 million and represented a 330.5% increase over the previous year. Vermont’s leading sales to Latin America are in food preparations for infants and jewelry of precious metal. Over the past five years, exports from the state to Latin America overall are down 27.6%, or $6.8 million. Australia and Oceania

Exports to Australia account for 79% of shipments to the region. Although exports to country were down slightly by $700,000, or 6.2% in 2002, the five year trend in shipments from Vermont is quite favorable. Exports from 1998-2002 were up 53.4% compared to corresponding national growth rate of only 9.7%. Most of the remainder of exports to the region go to New Zealand, which was essentially flat in 2002. Vermont’s leading export to Australia by far is food preparations for infants, followed at a distance by exercise equipment. Africa

Africa is a very minor market for Vermont with a total export volume of only $3.7 million. Most of those shipments go to either South Africa or Algeria. Both markets were up in 2002, led by sales of pre-fabricated buildings to Algeria.


Table 6.1


Top 40 Countries 2002





TOTAL ALL COUNTRIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

1 Canada 1,054.3 -335.6 -24.1 -1.8 -1,457.9 -58.0 4.3 0.7

2 Korea, Republic Of 331.7 144.4 77.1 1.8 209.2 170.6 36.6 1.5

3 China (Taiwan) 325.6 134.5 70.4 1.3 232.6 250.0 1.3 1.8

4 Japan 193.7 6.4 3.4 -10.8 64.2 49.6 -11.1 0.4

5 Netherlands 99.2 40.7 69.7 -6.1 91.0 1,118.7 -3.5 0.5

6 United Kingdom 96.5 -81.2 -45.7 -18.5 3.5 3.8 -14.9 0.3

7 Singapore 41.3 20.8 101.5 -8.3 -62.7 -60.3 3.5 0.3

8 Italy 37.7 -65.9 -63.7 1.7 -221.3 -85.5 11.8 0.4

9 Hong Kong 37.0 -13.8 -27.1 -10.4 -3.0 -7.4 -2.4 0.3

10 Germany 33.5 -14.8 -30.6 -11.6 -2.6 -7.2 -0.1 0.1

11 Mexico 29.7 11.4 62.3 -3.9 1.3 4.6 23.4 0.0

12 France 28.5 -20.0 -41.2 -4.4 -45.9 -61.7 7.3 0.1

13 Malaysia 27.3 1.0 3.9 10.3 19.3 241.5 15.6 0.3

14 Thailand 24.4 -6.6 -21.3 -18.9 10.8 79.8 -7.1 0.5

15 China (Mainland) 21.4 5.1 31.5 14.6 19.9 1,364.1 54.7 0.1

16 Ireland 20.3 -71.1 -77.8 -5.6 -5.0 -19.8 19.4 0.3

17 Sweden 17.6 -4.7 -21.2 -11.1 10.5 147.9 -17.4 0.6

18 Philippines 12.5 -5.5 -30.6 -5.1 -5.6 -30.9 7.9 0.2

19 Switzerland 10.8 0.3 2.5 -20.9 3.5 48.3 7.3 0.1

20 Australia 10.7 -0.7 -6.2 19.5 3.7 53.4 9.7 0.1

21 Luxembourg 5.3 2.3 78.1 -12.7 4.1 323.9 -20.8 1.1

22 Spain 5.2 1.3 32.0 -10.1 2.9 124.2 -4.4 0.1

23 Israel 5.1 0.2 4.4 -5.9 1.6 45.7 0.9 0.1

24 Belgium 4.7 -3.4 -42.2 -1.3 -1.8 -27.5 -4.1 0.0

25 Saudi Arabia 2.7 -9.0 -76.8 -20.0 -2.5 -48.4 -54.6 0.1

26 Panama 2.4 1.8 330.5 5.6 1.7 265.0 -19.7 0.2

27 Costa Rica 2.3 -1.2 -34.7 25.5 1.3 131.7 36.2 0.1

28 Hungary 2.2 2.1 1,723.0 0.2 1.7 350.9 42.6 0.3

29 Netherlands Antilles 2.1 2.0 1,727.9 -9.2 1.9 968.0 0.0 0.3

30 New Zealand 2.1 0.1 2.9 -15.0 -0.2 -9.1 -3.7 0.1

31 Brazil 1.7 -11.9 -87.3 -22.1 -1.4 -44.7 -18.1 0.0

32 Norway 1.7 0.9 103.5 -23.5 -0.2 -11.1 -17.7 0.1

33 Republic Of South Africa 1.6 0.6 54.7 -14.7 0.6 62.5 -30.4 0.1

34 Colombia 1.4 -0.4 -21.6 -0.5 -4.2 -75.4 -25.5 0.0

35 Indonesia 1.3 0.0 3.4 3.3 0.2 20.7 12.7 0.1

36 Jordan 1.3 -0.1 -9.6 17.8 0.2 13.7 14.5 0.3

37 Ecuador 1.3 0.5 69.4 13.1 0.1 9.5 -4.7 0.1

38 Denmark 1.3 -0.1 -9.2 -7.1 -2.2 -63.1 -20.2 0.1

39 Venezuela 1.2 -1.3 -51.7 -21.8 -0.4 -24.9 -31.8 0.0

40 Algeria 1.2 1.2 NA -6.0 1.2 19,124.0 51.4 0.1


Table 6.2





TOP 10 GROWTH COUNTRIES 2001-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002


2 China (Taiwan) 325.6 134.5 70.4 1.3 232.6 250.0 1.3 1.8

3 Netherlands 99.2 40.7 69.7 -6.1 91.0 1,118.7 -3.5 0.5

4 Singapore 41.3 20.8 101.5 -8.3 -62.7 -60.3 3.5 0.3

5 Mexico 29.7 11.4 62.3 -3.9 1.3 4.6 23.4 0.0

6 Japan 193.7 6.4 3.4 -10.8 64.2 49.6 -11.1 0.4

7 China (Mainland) 21.4 5.1 31.5 14.6 19.9 1,364.1 54.7 0.1

8 Luxembourg 5.3 2.3 78.1 -12.7 4.1 323.9 -20.8 1.1

9 Hungary 2.2 2.1 1,723.0 0.2 1.7 350.9 42.6 0.3

10 Netherlands Antilles 2.1 2.0 1,727.9 -9.2 1.9 968.0 0.0 0.3


TOP 10 GROWTH COUNTRIES 1998-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

1 China (Taiwan) 325.6 134.5 70.4 1.3 232.6 250.0 1.3 1.8


3 Netherlands 99.2 40.7 69.7 -6.1 91.0 1,118.7 -3.5 0.5

4 Japan 193.7 6.4 3.4 -10.8 64.2 49.6 -11.1 0.4

5 China (Mainland) 21.4 5.1 31.5 14.6 19.9 1,364.1 54.7 0.1

6 Malaysia 27.3 1.0 3.9 10.3 19.3 241.5 15.6 0.3

7 Thailand 24.4 -6.6 -21.3 -18.9 10.8 79.8 -7.1 0.5

8 Sweden 17.6 -4.7 -21.2 -11.1 10.5 147.9 -17.4 0.6

9 Luxembourg 5.3 2.3 78.1 -12.7 4.1 323.9 -20.8 1.1

10 Australia 10.7 -0.7 -6.2 19.5 3.7 53.4 9.7 0.1


TOP 10 LOSSES 2001-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

1 Canada 1,054.3 -335.6 -24.1 -1.8 -1,457.9 -58.0 4.3 0.7

2 United Kingdom 96.5 -81.2 -45.7 -18.5 3.5 3.8 -14.9 0.3

3 Ireland 20.3 -71.1 -77.8 -5.6 -5.0 -19.8 19.4 0.3

4 Italy 37.7 -65.9 -63.7 1.7 -221.3 -85.5 11.8 0.4

5 United Arab Emirates 0.6 -23.6 -97.5 36.3 -1.9 -75.5 51.9 0.0

6 France 28.5 -20.0 -41.2 -4.4 -45.9 -61.7 7.3 0.1

7 Germany 33.5 -14.8 -30.6 -11.6 -2.6 -7.2 -0.1 0.1

8 Hong Kong 37.0 -13.8 -27.1 -10.4 -3.0 -7.4 -2.4 0.3

9 Brazil 1.7 -11.9 -87.3 -22.1 -1.4 -44.7 -18.1 0.0

10 Saudi Arabia 2.7 -9.0 -76.8 -20.0 -2.5 -48.4 -54.6 0.1


TOP 10 LOSSES 1998-2002 2002 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2002

1 Canada 1,054.3 -335.6 -24.1 -1.8 -1,457.9 -58.0 4.3 0.7

2 Italy 37.7 -65.9 -63.7 1.7 -221.3 -85.5 11.8 0.4

3 Singapore 41.3 20.8 101.5 -8.3 -62.7 -60.3 3.5 0.3

4 France 28.5 -20.0 -41.2 -4.4 -45.9 -61.7 7.3 0.1

5 Austria 1.0 -1.3 -55.7 -7.7 -8.0 -88.8 -3.3 0.0

6 Philippines 12.5 -5.5 -30.6 -5.1 -5.6 -30.9 7.9 0.2

7 Ireland 20.3 -71.1 -77.8 -5.6 -5.0 -19.8 19.4 0.3

8 Colombia 1.4 -0.4 -21.6 -0.5 -4.2 -75.4 -25.5 0.0

9 Hong Kong 37.0 -13.8 -27.1 -10.4 -3.0 -7.4 -2.4 0.3

10 Germany 33.5 -14.8 -30.6 -11.6 -2.6 -7.2 -0.1 0.1


Table 7

Vermont Exports by Country of Destination by Leading HS Chapters

Top 12 Countries by Top 10 2-Digit HS Commodity Chapters



2002 INCR %INCR %INCR INCR %INCR %INCR US 2002

HS TOTAL ALL COUNTRIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

Canada 1,054.3 -335.6 -24.1 -1.8 -1,457.9 -58.0 4.3 0.7

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 665.9 -261.3 -28.2 -14.7 -1,501.2 -69.3 -15.1 3.9


44 Wood And Articles Of Wood; Wood Charcoal 50.6 -3.6 -6.6 3.1 9.3 22.5 10.4 2.9

73 Articles Of Iron Or Steel 34.5 2.8 8.9 -1.2 18.6 116.6 4.1 1.0

48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 31.3 -1.4 -4.2 -0.2 2.4 8.3 21.6 0.8



88 Aircraft, Spacecraft, And Parts Thereof 22.4 -14.3 -38.9 -17.1 20.7 1,240.4 15.3 1.0

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 16.2 -9.2 -36.3 -9.2 -2.7 -14.5 4.8 0.3

39 Plastics And Articles Thereof 13.1 -2.8 -17.4 4.6 -1.8 -12.2 19.7 0.2


85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 319.0 140.9 79.1 10.2 202.1 172.9 19.6 5.5

93 Arms And Ammunition; Parts And Accessories Thereof 6.9 6.8 8,738.1 90.2 3.0 77.2 36.7 2.4

84 Industrial Machinery, Including Computers 2.4 -4.0 -62.5 -4.4 1.7 242.9 48.6 0.1

88 Aircraft, Spacecraft, And Parts Thereof 0.8 0.0 -0.9 -11.5 0.8 8,391.2 49.0 0.0


98 Special Classification Provisions, Nesoi 0.5 0.5 1,349.3 9.2 0.5 2,975.3 46.2 0.1

48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 0.4 0.1 35.1 12.2 0.3 180.8 43.7 0.3

56 Wadding, Felt Etc; Sp Yarn; Twine, Ropes Etc. 0.3 0.2 125.5 21.2 0.2 201.2 35.6 1.5

44 Wood And Articles Of Wood; Wood Charcoal 0.2 0.1 95.9 13.5 0.1 199.6 62.3 0.2

4 Dairy Prods; Birds Eggs; Honey; Ed Animal Pr Nesoi 0.1 0.0 -20.3 4.7 0.1 412.5 57.4 0.5

China (Taiwan) 325.6 134.5 70.4 1.3 232.6 250.0 1.3 1.8

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 317.8 162.9 105.2 13.5 267.3 529.2 32.5 5.2

84 Industrial Machinery, Including Computers 2.2 -3.9 -64.2 -8.5 0.3 16.9 2.5 0.1

19 Prep Cereal, Flour, Starch Or Milk; Bakers Wares 1.7 -13.9 -88.9 -51.2 -35.7 -95.4 -78.0 13.6

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 0.7 -0.6 -45.5 14.2 0.5 188.3 40.5 0.0

4 Dairy Prods; Birds Eggs; Honey; Ed Animal Pr Nesoi 0.6 -0.2 -22.8 -3.8 0.6 NA 30.3 4.3

44 Wood And Articles Of Wood; Wood Charcoal 0.6 0.2 43.2 26.3 -0.9 -60.5 -3.3 0.7

21 Miscellaneous Edible Preparations 0.6 0.5 532.5 -35.9 0.4 201.6 -0.1 0.9

25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 0.2 0.2 NA -6.1 0.1 42.9 -23.0 0.3

32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 0.2 -0.2 -43.9 -0.3 0.2 NA 39.7 0.2

55 Manmade Staple Fibers, Incl Yarns & Woven Fabrics 0.2 0.1 174.8 38.7 0.2 4,545.6 -52.1 2.0

Japan 193.7 6.4 3.4 -10.8 64.2 49.6 -11.1 0.4

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 173.7 15.5 9.8 -23.2 71.2 69.5 -20.8 2.7

84 Industrial Machinery, Including Computers 6.8 -2.2 -24.7 -21.4 3.2 87.1 -10.1 0.1


40 Rubber And Articles Thereof 2.0 1.2 144.7 1.2 -1.3 -39.8 -10.1 0.7

73 Articles Of Iron Or Steel 1.8 -0.3 -12.5 8.5 0.6 54.1 -8.9 0.9

30 Pharmaceutical Products 1.7 -2.5 -58.7 6.8 1.7 5,102.2 59.0 0.2


97 Works Of Art, Collectors' Pieces And Antiques 0.7 0.7 NA -69.7 0.7 NA -48.7 0.8

94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd 0.5 0.4 278.6 7.1 -0.3 -34.5 -6.7 0.1

59 Impregnated Etc Text Fabrics; Tex Art For Industry 0.4 -0.9 -70.6 -27.5 0.1 23.8 -2.4 1.2


Table 7 (continued)







Netherlands 99.2 40.7 69.7 -6.1 91.0 1,118.7 -3.5 0.5

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 81.0 29.1 56.2 9.3 79.9 6,970.8 38.0 3.0

84 Industrial Machinery, Including Computers 12.4 9.7 357.3 -24.5 8.5 215.0 -22.5 0.3

21 Miscellaneous Edible Preparations 2.7 2.7 105,110.0 24.7 2.7 NA 83.6 3.6

95 Toys, Games & Sport Equipment; Parts & Accessories 1.4 0.0 1.9 20.6 0.4 43.2 35.3 1.6


73 Articles Of Iron Or Steel 0.2 0.1 1,411.1 -7.9 0.1 2,780.3 -4.2 0.2

88 Aircraft, Spacecraft, And Parts Thereof 0.1 -0.5 -79.5 4.8 -0.1 -47.1 43.7 0.0

39 Plastics And Articles Thereof 0.1 0.0 9.4 2.4 -0.2 -66.7 -9.7 0.0

30 Pharmaceutical Products 0.0 0.0 -35.1 66.3 0.0 476.4 101.4 0.0

70 Glass And Glassware 0.0 0.0 756.8 22.0 0.0 734.8 6.9 0.2

United Kingdom 96.5 -81.2 -45.7 -18.5 3.5 3.8 -14.9 0.3

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 54.4 -69.2 -56.0 -25.5 0.7 1.3 -21.4 1.4

21 Miscellaneous Edible Preparations 10.6 0.9 9.5 27.6 10.3 3,390.6 77.5 11.0


88 Aircraft, Spacecraft, And Parts Thereof 6.2 2.6 75.3 -42.1 4.8 351.9 -52.7 0.2


95 Toys, Games & Sport Equipment; Parts & Accessories 3.6 -1.3 -27.0 -5.3 0.7 23.1 14.0 1.0

94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd 1.9 0.4 25.9 4.0 1.8 1,164.4 0.8 0.8

33 Essential Oils Etc; Perfumery, Cosmetic Etc Preps 1.3 -0.1 -8.0 7.3 1.3 NA 31.8 0.4

82 Tools, Cutlery Etc. Of Base Metal & Parts Thereof 1.2 0.8 224.9 -10.8 1.1 1,182.8 -9.4 0.5

49 Printed Books, Newspapers Etc; Manuscripts Etc 1.0 0.1 9.5 1.4 0.3 46.0 4.2 0.2

Singapore 41.3 20.8 101.5 -8.3 -62.7 -60.3 3.5 0.3

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 30.7 20.8 208.8 -13.5 -64.9 -67.8 -26.5 0.8



40 Rubber And Articles Thereof 0.9 0.9 NA 38.4 0.8 1,909.4 106.8 1.4

21 Miscellaneous Edible Preparations 0.4 0.1 45.0 10.0 0.4 NA 54.4 0.8

88 Aircraft, Spacecraft, And Parts Thereof 0.3 0.2 495.6 -20.2 0.3 9,237.6 54.2 0.0

49 Printed Books, Newspapers Etc; Manuscripts Etc 0.2 -0.3 -66.0 3.4 0.2 1,147.3 45.9 0.2

73 Articles Of Iron Or Steel 0.1 -0.1 -57.6 2.9 -0.3 -73.9 -9.7 0.1

95 Toys, Games & Sport Equipment; Parts & Accessories 0.1 0.1 818.2 -18.1 0.0 263.7 5.4 0.2

4 Dairy Prods; Birds Eggs; Honey; Ed Animal Pr Nesoi 0.1 0.0 10.5 32.1 0.1 NA 148.5 0.9

Italy 37.7 -65.9 -63.7 1.7 -221.3 -85.5 11.8 0.4

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 28.1 -66.5 -70.3 -32.6 -210.1 -88.2 -29.2 3.3

84 Industrial Machinery, Including Computers 3.7 -0.7 -16.0 -6.7 -12.5 -77.1 0.7 0.2

30 Pharmaceutical Products 1.8 1.7 1,932.8 8.1 1.8 NA 27.4 0.3

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 1.6 0.0 0.7 -8.6 0.6 65.4 15.8 0.2

25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 0.8 0.1 22.3 -22.7 -0.3 -25.5 -22.2 2.1

44 Wood And Articles Of Wood; Wood Charcoal 0.5 0.3 143.2 -3.4 0.4 448.2 -18.1 0.3

73 Articles Of Iron Or Steel 0.4 -0.2 -37.5 2.5 0.0 4.5 1.9 1.0

95 Toys, Games & Sport Equipment; Parts & Accessories 0.4 0.1 48.1 -17.2 0.0 -2.9 -35.6 1.1

39 Plastics And Articles Thereof 0.1 0.0 30.9 10.8 0.0 -8.0 9.7 0.1

42 Leather Art; Saddlery Etc; Handbags Etc; Gut Art 0.1 0.0 34.8 23.0 0.1 220.5 59.0 0.9


Table 7 (continued)







Hong Kong 37.0 -13.8 -27.1 -10.4 -3.0 -7.4 -2.4 0.3

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 27.1 -14.4 -34.7 2.3 11.5 73.8 15.9 0.7


39 Plastics And Articles Thereof 2.1 0.9 75.1 4.7 2.0 1,406.3 19.1 0.3

21 Miscellaneous Edible Preparations 1.1 -0.3 -18.5 -6.6 0.8 266.5 -26.0 1.7

25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 1.0 -0.4 -27.5 -12.2 1.0 4,861.1 -27.1 10.5

40 Rubber And Articles Thereof 0.6 0.0 8.4 14.7 0.6 5,323.0 -15.8 1.7

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 0.5 0.0 -5.3 -33.1 0.0 -4.7 17.4 0.1

95 Toys, Games & Sport Equipment; Parts & Accessories 0.2 0.1 59.0 20.1 0.0 31.4 -6.2 0.2

19 Prep Cereal, Flour, Starch Or Milk; Bakers Wares 0.1 -0.7 -82.7 -33.2 -18.8 -99.2 -72.8 1.3

98 Special Classification Provisions, Nesoi 0.1 0.1 125.0 -16.4 -0.1 -50.7 -19.6 0.0

Germany 33.5 -14.8 -30.6 -11.6 -2.6 -7.2 -0.1 0.1


85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 9.2 0.9 11.1 -10.4 -2.7 -22.9 26.8 0.2


95 Toys, Games & Sport Equipment; Parts & Accessories 1.4 -2.0 -58.4 1.4 0.7 97.9 -34.3 1.3

54 Manmade Filaments, Including Yarns & Woven Fabrics 1.0 -0.6 -36.4 13.8 -0.6 -37.7 -57.0 3.2

55 Manmade Staple Fibers, Incl Yarns & Woven Fabrics 0.9 0.0 5.2 19.6 0.9 NA -33.8 1.9

98 Special Classification Provisions, Nesoi 0.8 0.6 495.6 -5.0 0.6 517.6 8.8 0.1

88 Aircraft, Spacecraft, And Parts Thereof 0.5 0.0 -5.7 -44.1 0.1 26.5 -52.5 0.0

87 Vehicles, Except Railway Or Tramway, And Parts Etc 0.4 0.4 1,258.7 33.6 0.4 364.6 55.8 0.0

48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 0.3 -0.6 -67.0 -36.3 0.3 1,062.8 -45.4 0.3

Mexico 29.7 11.4 62.3 -3.9 1.3 4.6 23.4 0.0

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 9.9 5.8 139.7 -11.9 6.2 163.4 16.7 0.0

48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 6.9 1.1 17.9 -10.6 0.3 4.6 11.5 0.3

84 Industrial Machinery, Including Computers 6.2 4.2 200.9 1.7 -7.1 -53.3 32.5 0.0

87 Vehicles, Except Railway Or Tramway, And Parts Etc 2.2 0.5 31.4 -3.2 2.1 3,182.3 34.1 0.0

21 Miscellaneous Edible Preparations 1.2 0.1 5.1 6.4 1.2 NA 89.1 0.3

83 Miscellaneous Articles Of Base Metal 0.6 0.3 97.4 -4.3 0.6 NA 43.3 0.1

58 Spec Wov Fabrics; Tufted Fab; Lace; Tapestries Etc 0.5 0.5 535.5 -5.0 0.4 284.5 23.8 0.2

70 Glass And Glassware 0.4 0.2 63.0 13.0 0.4 NA 54.3 0.1

39 Plastics And Articles Thereof 0.3 -0.2 -37.8 1.0 -0.6 -65.4 34.5 0.0

90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 0.2 -0.9 -78.4 7.1 -0.7 -74.2 50.9 0.0

France 28.5 -20.0 -41.2 -4.4 -45.9 -61.7 7.3 0.1

85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 8.7 -9.6 -52.5 -12.7 -43.9 -83.5 -12.7 0.5

37 Photographic Or Cinematographic Goods 8.2 1.4 19.8 36.7 7.7 1,591.3 84.4 2.5


88 Aircraft, Spacecraft, And Parts Thereof 3.1 -1.4 -31.3 31.5 -0.2 -6.0 50.5 0.1


76 Aluminum And Articles Thereof 0.8 0.7 645.8 -25.4 0.8 NA -30.2 1.8


73 Articles Of Iron Or Steel 0.4 -0.3 -38.4 -13.4 0.0 11.6 25.1 0.4

39 Plastics And Articles Thereof 0.2 -0.1 -35.9 -0.9 -0.5 -75.3 -2.4 0.0

38 Miscellaneous Chemical Products 0.1 -0.1 -56.1 10.1 -0.8 -92.8 -6.8 0.0


Table 8

Vermont Exports by Country of Destination by Leading HS Commodities

Top 12 Countries by Top 10 4-Digit HS Commodities




HS4 TOTAL ALL COUNTRIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

Canada 1,054.3 -335.6 -24.1 -1.8 -1,457.9 -58.0 4.3 0.7

8542 Electronic Integrated Circuits & Microassembl, Pts 607.5 -278.4 -31.4 -34.8 -1,524.5 -71.5 -55.8 28.1


4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 24.2 -0.4 -1.7 -0.8 8.1 50.7 11.1 3.9


4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 21.9 -3.7 -14.5 -4.8 13.2 151.2 1.8 5.7

4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 20.4 0.1 0.4 1.8 -1.0 -4.7 7.7 4.3


8802 Aircraft, Powered; Spacecraft & Launch Vehicles 20.1 -13.3 -39.8 -11.1 20.0 17,014.4 123.7 1.8


8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 15.7 1.8 13.1 0.0 15.5 5,728.2 27.9 4.1


8542 Electronic Integrated Circuits & Microassembl, Pts 317.8 144.0 82.8 13.9 201.8 173.9 11.9 8.4

9301 Military Weapons Ex Revolvers Pistols Lances Etc 6.8 6.8 NA 46.5 6.8 NA 150.4 7.0

8544 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 0.8 -1.0 -56.4 -1.7 0.3 47.8 26.8 1.8

8803 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 0.8 0.0 -0.9 -15.5 0.8 8,391.2 7.5 0.1

8480 Molding Boxes For Metal Foundry; Mold Bases Etc 0.6 -1.7 -72.4 4.0 0.6 NA 11.0 9.4

8413 Pumps For Liquids; Liquid Elevators; Parts Thereof 0.6 -0.1 -19.2 32.9 0.6 NA 98.1 0.5

8428 Lifting, Handling, Loading & Unload Machines Nesoi 0.5 0.5 NA 9.1 0.5 NA 210.5 4.7

9801 Expts Of Repaired Impts; Impts Of Returned Expts 0.5 0.5 NA 15.4 0.5 NA 81.6 0.3

5603 Nonwovens, Whether Or Not Impregnated, Coated Etc 0.3 0.2 122.1 10.0 0.2 196.6 76.7 2.2

8524 Records, Tapes & Other Recorded Sound Media Etc 0.3 -0.1 -28.1 35.6 0.3 NA 164.1 0.2

China (Taiwan) 325.6 134.5 70.4 1.3 232.6 250.0 1.3 1.8

8542 Electronic Integrated Circuits & Microassembl, Pts 317.0 163.3 106.3 16.5 267.4 539.4 52.8 7.3

1901 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 1.7 -13.9 -88.9 -69.6 -35.7 -95.4 -89.7 31.5

8480 Molding Boxes For Metal Foundry; Mold Bases Etc 1.1 0.5 73.5 -55.4 1.1 NA 69.1 22.1

8544 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 0.7 0.1 10.7 -22.3 0.1 13.4 -46.5 2.1

404 Whey & Milk Products Nesoi, Flavored Etc. Or Not 0.6 -0.2 -22.8 3.5 0.6 NA 33.3 11.7

2106 Food Preparations Nesoi 0.6 0.5 532.5 -40.8 0.4 201.6 1.4 1.2

9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 0.4 0.2 151.5 27.8 0.4 NA 49.5 0.1

8481 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 0.4 0.0 -9.6 -24.2 0.4 14,320.0 33.2 0.5

4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 0.4 0.0 -10.7 6.4 -0.8 -67.9 -28.3 1.0

4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 0.2 0.2 1,429.9 82.2 0.2 NA 96.3 0.7

Japan 193.7 6.4 3.4 -10.8 64.2 49.6 -11.1 0.4

8542 Electronic Integrated Circuits & Microassembl, Pts 171.7 15.1 9.7 -22.5 69.7 68.3 -15.7 6.8


3004 Medicaments Nesoi, Mixed Or Not, In Dosage Etc Fm 1.7 -2.5 -58.6 8.8 1.7 20,403.0 200.0 0.4

4007 Vulcanized Rubber Thread And Cord 1.6 1.1 223.3 -7.5 -1.7 -51.1 -34.6 41.6

7321 Stoves, Ranges Etc, Nonel Domest & Pts, Ir & Steel 1.5 0.0 0.7 -9.7 0.6 63.7 -50.8 31.2

8544 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 1.1 0.8 268.9 -39.4 1.1 3,096.3 -20.2 1.2

8479 Machines Etc Having Individual Functions Nesoi, Pt 1.0 1.0 8,495.2 -42.0 0.9 1,040.2 -25.7 0.2

8473 Parts Etc For Typewriters & Other Office Machines 0.9 0.5 103.2 -41.3 -0.8 -47.4 -45.3 0.1

8477 Machinery For Working Rubber & Plast Etc Nesoi, Pt 0.8 0.6 326.7 -31.6 0.8 NA 7.9 1.8

9002 Optical Elements, Mounted; Parts & Accessories 0.7 0.2 42.6 -9.0 0.5 278.6 -52.5 3.0


Table 8 (continued)






HS4 TOTAL ALL COMMODITIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

Netherlands 99.2 40.7 69.7 -6.1 91.0 1,118.7 -3.5 0.5

8542 Electronic Integrated Circuits & Microassembl, Pts 80.7 29.3 57.1 -1.8 79.9 9,858.1 6.4 16.1

8473 Parts Etc For Typewriters & Other Office Machines 11.1 10.5 1,754.0 -27.2 8.7 366.4 -39.4 0.9

9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 1.4 0.0 1.4 34.1 0.4 44.8 37.1 3.3

2106 Food Preparations Nesoi 1.4 1.4 54,387.8 24.8 1.4 NA 108.0 2.1

2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 1.3 1.3 NA 2,398.6 1.3 NA 564.9 100.0

9026 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 0.5 -0.1 -14.0 3.2 0.1 21.7 29.1 0.9

8422 Machines, Dishwash, Clean Etc Cont & Fill, Pak Etc 0.4 0.3 1,047.8 12.1 -0.2 -33.6 -48.8 1.9

9002 Optical Elements, Mounted; Parts & Accessories 0.3 0.1 62.0 -58.2 0.3 1,034.7 -33.0 6.7

8419 Machinery Etc For Temp Chang Treat Mat; W Heat, Pt 0.3 -0.4 -60.7 -2.0 0.0 -9.2 -14.3 0.9


United Kingdom 96.5 -81.2 -45.7 -18.5 3.5 3.8 -14.9 0.3

8542 Electronic Integrated Circuits & Microassembl, Pts 53.5 -67.4 -55.8 -36.5 1.4 2.6 -27.0 5.8

2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 10.6 0.9 9.5 8.8 10.3 3,471.4 227.0 94.9

8803 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 5.3 1.7 49.7 -6.6 3.9 285.9 13.8 0.3

9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 3.5 -1.4 -29.3 -1.6 0.6 21.4 18.5 1.4

9026 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 3.0 -0.6 -15.6 -16.6 -0.7 -17.9 -17.5 3.8



9403 Furniture Nesoi And Parts Thereof 1.9 0.5 32.2 -3.5 1.7 1,186.7 -16.2 2.1

3304 Beauty, Make-Up & Skin-Care Prep; Manicure Etc Prp 1.3 -0.2 -10.9 5.5 1.3 NA 56.8 1.0

8207 Interchange Tools For Hand- Or Machine-Tools, Bmpt 1.2 1.0 565.1 -14.4 1.2 11,130.4 -26.2 1.8

Singapore 41.3 20.8 101.5 -8.3 -62.7 -60.3 3.5 0.3

8542 Electronic Integrated Circuits & Microassembl, Pts 30.1 20.6 215.7 -23.5 -65.3 -68.5 -34.3 1.6

8477 Machinery For Working Rubber & Plast Etc Nesoi, Pt 1.9 1.7 853.8 -16.8 1.9 5,480.7 0.2 13.7

8428 Lifting, Handling, Loading & Unload Machines Nesoi 1.8 1.8 NA 10.2 1.8 NA 51.5 11.6

9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 1.3 -0.9 -40.0 24.8 1.3 1,798.1 67.7 0.3

8480 Molding Boxes For Metal Foundry; Mold Bases Etc 0.8 -0.6 -40.9 28.3 0.8 NA 113.0 6.4

4005 Compounded Rubber, Unvulcanised, Primary Forms Etc 0.7 0.7 NA 71.5 0.7 NA 39.8 27.0

9002 Optical Elements, Mounted; Parts & Accessories 0.7 0.4 147.3 38.5 0.5 245.6 112.7 12.8


8536 Electrical Apparatus For Switching Etc, Nov 1000 V 0.4 0.3 237.7 40.1 0.4 NA 17.8 0.2

2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 0.3 0.2 424.9 -56.3 0.3 NA 67.9 27.8

Italy 37.7 -65.9 -63.7 1.7 -221.3 -85.5 11.8 0.4

8542 Electronic Integrated Circuits & Microassembl, Pts 27.5 -66.8 -70.8 -39.3 -210.1 -88.4 -44.2 12.5


3004 Medicaments Nesoi, Mixed Or Not, In Dosage Etc Fm 1.8 1.7 1,932.8 5.3 1.8 NA 14.7 0.4

2516 Granite, Porphyry, Basalt Etc., Crude Or Cut Etc. 0.8 0.2 23.4 -10.9 -0.2 -22.4 -26.3 7.6

9015 Survey, Hydrogr, Meteoro Etc Inst; Rangef Etc, Pts 0.5 0.3 166.9 26.8 0.5 3,888.0 -4.7 4.6

4412 Plywood, Veneered Panels & Similar Laminated Wood 0.5 0.4 432.0 179.0 0.5 5,290.7 -83.7 77.4

9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 0.3 0.1 40.6 -29.2 0.0 -4.4 -17.5 2.0

8524 Records, Tapes & Other Recorded Sound Media Etc 0.3 0.3 482.2 -28.9 0.3 926.0 -37.6 1.0

9026 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 0.2 0.1 61.4 20.3 0.2 415.4 28.8 0.8

7308 Structures Nesoi & Parts Thereof, Of Iron Or Steel 0.2 0.1 70.1 34.2 0.2 1,445.2 3.0 12.3


Table 8 (continued)






HS4 TOTAL ALL COMMODITIES 2,521.0 -309.4 -10.9 -5.2 -1,147.4 -31.3 1.9 0.4

Hong Kong 37.0 -13.8 -27.1 -10.4 -3.0 -7.4 -2.4 0.3

8542 Electronic Integrated Circuits & Microassembl, Pts 26.4 -14.7 -35.8 10.6 11.2 73.8 38.4 1.2

3909 Amino-Resins, Phenolics & Polyurethanes, Prim Form 1.9 0.8 74.1 84.0 1.9 NA 169.0 5.8

8480 Molding Boxes For Metal Foundry; Mold Bases Etc 1.8 0.6 55.0 5.7 1.8 NA 48.2 6.9

2106 Food Preparations Nesoi 1.1 -0.3 -18.5 -1.5 0.8 266.5 -45.0 3.3

2516 Granite, Porphyry, Basalt Etc., Crude Or Cut Etc. 1.0 -0.4 -27.5 -37.9 1.0 4,861.1 265.1 64.4

8477 Machinery For Working Rubber & Plast Etc Nesoi, Pt 0.6 0.5 567.2 -19.7 0.6 1,952.4 101.6 3.8

4005 Compounded Rubber, Unvulcanised, Primary Forms Etc 0.6 0.5 671.2 46.0 0.6 NA -30.1 9.4


8544 Insulated Wire, Cable Etc; Opt Sheath Fib Cables 0.3 0.3 552.6 -17.9 0.1 31.1 -38.4 0.5

9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 0.2 0.1 59.0 24.4 0.1 41.8 73.3 0.3

Germany 33.5 -14.8 -30.6 -11.6 -2.6 -7.2 -0.1 0.1

8542 Electronic Integrated Circuits & Microassembl, Pts 7.6 0.5 7.6 20.8 -2.0 -20.7 102.7 0.6

9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 2.8 2.6 1,145.6 -34.6 2.7 2,835.2 -19.2 1.1

9002 Optical Elements, Mounted; Parts & Accessories 2.1 0.6 39.1 11.2 1.1 117.6 -4.3 11.0

9018 Medical, Surgical, Dental Or Vet Inst, No Elec, Pt 1.9 0.4 23.6 1.7 1.0 105.1 36.5 0.2


8428 Lifting, Handling, Loading & Unload Machines Nesoi 1.7 1.5 1,365.4 -50.9 1.4 687.8 -33.5 6.6

9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 1.4 -2.0 -59.1 -5.3 0.7 114.1 -26.3 2.4

9027 Inst Etc For Physical Etc Anal Etc; Microtome; Pts 1.3 0.4 36.1 -11.7 0.7 116.0 10.7 0.4

9010 Apparatus Etc For Photo Labs Etc Nesoi; Parts Etc 1.3 -4.8 -79.0 -35.9 -0.3 -20.0 -38.2 3.8

8471 Automatic Data Process Machines; Magn Reader Etc 1.2 -2.2 -64.0 -14.1 -1.7 -57.8 -38.4 0.1

Mexico 29.7 11.4 62.3 -3.9 1.3 4.6 23.4 0.0

8542 Electronic Integrated Circuits & Microassembl, Pts 4.9 4.4 753.8 -21.0 4.3 730.5 62.4 0.1

4804 Kraft Paper & Paperboard, Uncoat Nesoi, Rolls Etc 4.9 0.7 16.2 2.2 0.8 19.9 50.9 2.2

8547 Insulating Fittings For Assembly Nesoi 2.6 1.1 76.5 10.9 2.5 2,589.3 18.4 1.3

8708 Parts & Access For Motor Vehicles (Head 8701-8705) 2.2 0.5 31.4 -4.7 2.1 3,182.3 25.3 0.0

8471 Automatic Data Process Machines; Magn Reader Etc 1.9 1.5 360.3 -5.4 1.6 462.4 93.4 0.1

8473 Parts Etc For Typewriters & Other Office Machines 1.5 1.2 330.9 78.0 -9.8 -86.6 74.6 0.1

4808 Paper And Paperboard, Corrugated Etc, Rolls Etc 1.2 0.9 238.0 32.1 1.2 1,591.5 52.4 1.6

2106 Food Preparations Nesoi 1.2 0.1 5.1 -3.9 1.2 NA 31.0 0.9

8414 Air Or Vac Pumps, Compr & Fans; Hoods & Fans; Pts 0.8 0.8 5,555.8 -6.9 0.8 NA 23.8 0.1

8411 Turbojets, Turbopropellers & Oth Gas Turbines, Pts 0.6 0.6 NA 4.2 0.6 NA 43.8 0.1

France 28.5 -20.0 -41.2 -4.4 -45.9 -61.7 7.3 0.1

3705 Photo Plates & Still Film, Exposed & Developed 8.2 1.4 19.8 54.0 7.7 1,590.1 449.7 72.1

8542 Electronic Integrated Circuits & Microassembl, Pts 8.1 -8.9 -52.2 -21.9 -42.1 -83.8 -41.1 2.2

8803 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 3.1 -1.4 -31.3 -8.4 -0.2 -6.0 2.4 0.3

9026 Inst Etc Measure Or Check Flow, Level Etc, Pts Etc 2.6 -0.7 -20.6 -23.9 -1.0 -28.0 8.6 5.7

7616 Articles Of Aluminum Nesoi 0.8 0.7 645.8 -21.1 0.8 NA 44.3 5.0

8471 Automatic Data Process Machines; Magn Reader Etc 0.7 0.0 -3.9 -18.4 0.1 16.0 -47.7 0.2




8421 Centrifuges; Filter Etc Mach For Liq Or Gases; Pts 0.3 0.3 2,130.4 -16.5 0.3 731.0 37.7 0.2


V. VERMONT EXPORT PERFORMANCE AMONG WORLD COMPETITORS

IN NON-US MARKETS

Vermont, US, and World Export Growth by World Region 1998-2001

-60.0

-40.0

-20.0

0.0

20.0

40.0

60.0

Canada Mexico Latin America Europe Asian Continent African Continent Australia And

Oceania

%Growth VT

US

World

Vermont, US, and World Export Growth by Industry 1998-2001

-50.0

-25.0

0.0

25.0

50.0

75.0

100.0

125.0

150.0

Electric

Mac

hine

ry E

tc; S

ound

Equ

ip; T

v Equ

ip; P

ts

Indu

stria

l Mac

hine

ry, I

ncluding

Com

pute

rs

Opt

ic, P

hoto

Etc, M

edic O

r Sur

gica

l Ins

trmen

ts E

tc

Special C

lass

ifica

tion

Provision

s, N

esoi

Woo

d And

Arti

cles

Of W

ood;

Woo

d Cha

rcoa

l

Airc

raft,

Spa

cecr

aft,

And P

arts T

here

of

Pre

p Cer

eal, Flo

ur, S

tarc

h Or M

ilk; B

aker

s W

ares

Paper

& P

aper

boar

d & A

rticles

(Inc

Pap

r Pulp

Artl)

Arti

cles

Of I

ron

Or S

teel

Veh

icles, E

xcep

t Railw

ay O

r Tra

mway

, And

Par

ts E

tc

%Gro

wth

VT

US

World

407%


Vermont’s Export Performance among World Competitors in Non-US Markets

The United Nation’s data in the following tables present Vermont exports from a slightly different perspective. Here the performance of the state’s top 20 HS2 and HS4 commodities are compared to US, non-US, and World growth rates in exports to non-US markets. The tables provide an indicator of the state’s most competitive industries and destination markets during 1998-2001. (UN data for 2002 was not available as of the writing of this report.) State, US, and non-US growth rates are highlighted where they outperform World export growth from 1998-2001. These are industries or countries in which our market shares are increasing faster than World competitors. The fastest growing export industries or markets Worldwide are highlighted in orange. State, US, and non-US shares of World exports to non-US markets (the last set of columns on the right) are also highlighted if a particular industry or country market share is higher than the state’s average share of total World exports. 2-Digit Highlights

• Total Vermont exports plummeted 22.8% from 1998-2001 due to its billion dollar loss in electronics exports, leaving the state far behind US and World increases of 6.9% and 11.9% increases respectively. As noted in the previous section, however, when electrical equipment is excluded, Vermont shows a very positive 25.0% gain, compared to US and World gains of 5.9% and 10.8%. In fact, state exporters ran ahead of US and international competitors in export growth rates in 15 out of the top 20 export sectors listed.

• Several industries in the state stand out as being on a fast track for international growth. Aircraft, spacecraft and parts thereof is an example of an industry on a very rapid growth curve. US, non-US and World export growth rates pale next to the 407.4% rise in international shipments that aircraft/spacecraft has enjoyed in 1998 - 2001. Other Vermont commodities with a high rate of export growth include miscellaneous edible preparations; arms and ammunition; vehicles, except railway or tramway, and parts; photographic and cinematographic goods.

• Among the three fastest growing export sectors Worldwide – electric machinery, instrumentation, and aircraft (highlighted in orange in Table 9), Vermont is gaining market share faster than US and non-US companies in the latter two categories. In electric machinery – the sector with the highest World growth rate—both state and US exporters are losing ground to international exporters.

• Vermont and the US are also losing market share to international competitors in industrial machinery/computers and toys/games/sporting goods. Vermont is losing market share to both domestic and foreign competitors in prepared cereal/flour and plastics.

• Arms and ammunition from Vermont has a higher share of the World market (1.10%) than any other 2-digit sector.


2001 ($mil) Industry 1998-01

Commodity Description VT Exports Share VT $Incr VT US Non-US World VT US Non-US

HS2 TOTAL ALL HS COMMODITY CHAPTERS 2,830.4 100.0 -838.0 -22.8 6.9 12.8 11.9 0.06 15.4 84.6

VT Total Top 20 Chapters 2,737.8 96.7 -846.5 -23.6 6.5 10.1 9.4 0.11 19.5 80.5

1 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 1,953.7 69.0 -1,013.4 -34.2 11.5 27.2 23.8 0.28 19.5 80.5

2 84 Industrial Machinery, Including Computers 198.9 7.0 -1.5 -0.7 1.3 8.5 6.9 0.03 20.9 79.1

3 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 84.2 3.0 34.1 67.9 24.6 21.6 22.5 0.06 31.3 68.7

4 98 Special Classification Provisions, Nesoi 57.2 2.0 24.9 77.2 -22.9 -26.2 -25.9 0.08 10.1 89.9

5 44 Wood And Articles Of Wood; Wood Charcoal 56.4 2.0 9.2 19.6 -14.8 5.1 2.4 0.11 11.0 89.0

6 88 Aircraft, Spacecraft, And Parts Thereof 50.6 1.8 40.6 407.4 8.2 29.3 19.6 0.06 41.5 58.5

7 19 Prep Cereal, Flour, Starch Or Milk; Bakers Wares 47.4 1.7 -31.6 -40.0 20.5 7.9 9.1 0.34 10.9 89.1

8 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 44.3 1.6 3.8 9.5 0.7 1.8 1.7 0.05 14.3 85.7

9 73 Articles Of Iron Or Steel 43.6 1.5 21.2 94.8 4.0 -3.0 -1.9 0.06 16.9 83.1

10 87 Vehicles, Except Railway Or Tramway, And Parts Etc 35.6 1.3 18.4 107.4 2.8 4.2 4.0 0.01 14.7 85.3

11 93 Arms And Ammunition; Parts And Accessories Thereo 33.3 1.2 22.0 196.2 -4.7 -10.7 -8.9 1.10 31.7 68.3

12 95 Toys, Games & Sport Equipment; Parts & Accessories 30.2 1.1 -8.1 -21.1 -8.3 7.2 5.6 0.09 9.3 90.7

13 39 Plastics And Articles Thereof 20.7 0.7 0.6 2.9 14.9 8.4 9.6 0.01 18.4 81.6

14 21 Miscellaneous Edible Preparations 20.6 0.7 15.6 310.4 22.7 -3.3 0.9 0.13 19.3 80.7

15 25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 19.3 0.7 3.6 23.4 -0.2 -2.3 -2.1 0.12 10.5 89.5

16 18 Cocoa And Cocoa Preparations 11.5 0.4 2.0 21.3 21.0 -12.1 -10.7 0.11 5.6 94.4

17 54 Manmade Filaments, Including Yarns & Woven Fabric 8.0 0.3 0.8 10.9 -5.5 -12.8 -12.2 0.03 8.8 91.2

18 01 Live Animals 7.9 0.3 4.3 118.8 32.0 -16.5 -12.1 0.13 13.7 86.3

19 37 Photographic Or Cinematographic Goods 7.6 0.3 6.7 752.7 -9.3 -2.1 -3.8 0.06 21.9 78.1

20 49 Printed Books, Newspapers Etc; Manuscripts Etc 7.0 0.2 0.1 1.8 -1.4 -0.7 -0.9 0.03 23.5 76.5

2001 ($mil) Industry 1998-01

HS2 TOP 10 INCREASES 1998-2001 VT Exports Share VT $Incr VT US Non-US World VT US Non-US

1 88 Aircraft, Spacecraft, And Parts Thereof 50.6 1.8 40.6 407.4 8.2 29.3 19.6 0.06 41.5 58.5

2 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 84.2 3.0 34.1 67.9 24.6 21.6 22.5 0.06 31.3 68.7

3 98 Special Classification Provisions, Nesoi 57.2 2.0 24.9 77.2 -22.9 -26.2 -25.9 0.08 10.1 89.9

4 93 Arms And Ammunition; Parts And Accessories Thereo 33.3 1.2 22.0 196.2 -4.7 -10.7 -8.9 1.10 31.7 68.3

5 73 Articles Of Iron Or Steel 43.6 1.5 21.2 94.8 4.0 -3.0 -1.9 0.06 16.9 83.1

6 87 Vehicles, Except Railway Or Tramway, And Parts Etc 35.6 1.3 18.4 107.4 2.8 4.2 4.0 0.01 14.7 85.3

7 21 Miscellaneous Edible Preparations 20.6 0.7 15.6 310.4 22.7 -3.3 0.9 0.13 19.3 80.7

8 44 Wood And Articles Of Wood; Wood Charcoal 56.4 2.0 9.2 19.6 -14.8 5.1 2.4 0.11 11.0 89.0

9 37 Photographic Or Cinematographic Goods 7.6 0.3 6.7 752.7 -9.3 -2.1 -3.8 0.06 21.9 78.1

10 01 Live Animals 7.9 0.3 4.3 118.8 32.0 -16.5 -12.1 0.13 13.7 86.3

2001 ($mil) Industry 1998-01

HS2 TOP 10 DECREASES 1998-2001 VT Exports Share VT $Incr VT US Non-US World VT US Non-US

1 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 1,953.7 69.0 -1,013.4 -34.2 11.5 27.2 23.8 0.28 19.5 80.5

2 19 Prep Cereal, Flour, Starch Or Milk; Bakers Wares 47.4 1.7 -31.6 -40.0 20.5 7.9 9.1 0.34 10.9 89.1

3 95 Toys, Games & Sport Equipment; Parts & Accessories 30.2 1.1 -8.1 -21.1 -8.3 7.2 5.6 0.09 9.3 90.7

4 62 Apparel Articles And Accessories, Not Knit Etc. 1.0 0.0 -6.3 -85.9 -40.3 4.7 2.5 0.00 2.8 97.2

5 35 Albuminoidal Subst; Modified Starch; Glue; Enzymes 0.1 0.0 -3.3 -96.4 0.6 9.7 7.9 0.00 18.3 81.7

6 20 Prep Vegetables, Fruit, Nuts Or Other Plant Parts 0.2 0.0 -2.1 -92.4 0.1 -4.5 -3.9 0.00 12.9 87.1

7 02 Meat And Edible Meat Offal 0.5 0.0 -1.9 -78.2 21.9 1.5 5.2 0.00 21.2 78.8

8 84 Industrial Machinery, Including Computers 198.9 7.0 -1.5 -0.7 1.3 8.5 6.9 0.03 20.9 79.1

9 74 Copper And Articles Thereof 0.9 0.0 -1.3 -57.7 1.1 3.0 2.8 0.00 9.1 90.9

10 68 Art Of Stone, Plaster, Cement, Asbestos, Mica Etc. 4.1 0.1 -1.3 -23.7 4.4 -2.0 -1.3 0.03 11.2 88.8

% Growth 1998-2001 %Share of World 2001


%Share of World 2001% Growth 1998-2001

Table 9

Vermont, U.S., Non-U.S. and World Exports to Non-US Markets by 2-Digit HS Commodity

Comparative Growth Rates 1998-2001 and World Market Shares 2001

■VT ■US ■non-US export growth exceeds World growth ■World growth exceeds average World growth


4-digit Highlights

• Vermont’s top 20 4-digit HS commodities made up 84.9% of the state’s total exports in 1998-2001. The vast bulk of this impressive share is accounted for by electronic integrated circuits and microassemblies which by itself accounts for 66.2% of all state exports. The state trails at some distance behind both US and non-US growth rates for this commodity. As noted earlier, most of the gap is attributable to the IBM production facility cutback in 2001.

• At the 4-digit level, the state outpaced US and non-US competitors in export growth in 13 of the 20 commodities listed. Among the state’s top 10 product groups these include commodities not specified according to kind1; automatic data processing machines; parts and accessories for motor vehicles; aircraft; and military weapons excluding aircraft

• Table 10 highlights eight commodities (in orange) that are enjoying rapid Worldwide export growth. Vermont runs ahead of US and non-US competitors in increasing international market share for four of these commodities – military weapons; screws, nuts, bolts, and washers; oscilloscopes/ spectrum analyzers; and boards, panels, etc. All of these commodities are in the state’s second tier (10-20 ranking) of export products with lower volume international sales.

• The state’s top three export loss commodities in 1998-2001 were among the remaining four high World growth sectors. They were: electronic integrated circuits and microassemblies; parts for computers and other office machines; and malt extracts/food preparations of flour.

• Vermont’s highest World market share at the four digit level is for military weapons excluding revolvers, pistols, lances, etc. at 5.1%. The state’s average share of World exports is 0.1%.

1 Vermont’s second largest commodity export, “commodities not specified according to kind”, is largely comprised of merchandise returned, repairs, low value shipments, charity, certain military and other shipments not identified by kind, and data corrections.


Table 10

Vermont, U.S., Non-U.S. and World Exports to Non-US Markets by 4-Digit HS Commodity

Comparative Growth Rates 1998-2001 and World Market Shares 2001 2001 ($mil) Industry 1998-01

Commodity Description VT Exports Share VT $Incr VT US Non-US World VT US Non-US

Rank HS4 TOTAL ALL HS COMMODITIES 2,830.4 100.0 -838.0 -22.8 5.9 12.7 11.6 0.06 15.3 84.7

VT Total Top 20 Commodities 2,403.0 84.9 -912.4 -27.5 3.1 13.8 11.1 0.30 23.7 76.3

1 8542 Electronic Integrated Circuits & Microassembl, Pts 1,872.7 66.2 -1,037.6 -35.7 9.0 48.9 36.7 1.12 24.4 75.6

2 9800 Commodities not specified according to kind 57.2 2.0 24.9 77.2 -22.9 -26.2 -25.9 0.08 10.1 89.9

3 1901 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 47.3 1.7 -31.2 -39.8 46.0 21.0 23.7 1.38 12.9 87.1

4 8471 Automatic Data Process Machines; Magn Reader Etc 41.3 1.5 29.5 249.9 -1.6 14.0 11.0 0.03 17.1 82.9

5 8473 Parts Etc For Typewriters & Other Office Machines 33.6 1.2 -61.6 -64.7 0.9 31.6 24.6 0.03 18.6 81.4

6 8708 Parts & Access For Motor Vehicles (Head 8701-8705) 33.5 1.2 18.3 120.4 10.4 9.6 9.8 0.03 25.9 74.1

7 8802 Aircraft, Powered; Spacecraft & Launch Vehicles 33.4 1.2 33.1 11,102.6 -13.4 12.4 -0.2 0.07 42.4 57.6

8 9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 29.1 1.0 -7.9 -21.3 -4.9 14.8 10.2 0.37 20.3 79.7

9 8411 Turbojets, Turbopropellers & Oth Gas Turbines, Pts 26.7 0.9 3.0 12.6 22.4 19.6 21.2 0.08 58.7 41.3

10 9301 Military Weapons Ex Revolvers Pistols Lances Etc 26.1 0.9 21.2 431.0 29.6 84.4 64.1 5.13 29.3 70.7

11 4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 26.0 0.9 17.3 198.5 -10.6 14.0 9.2 0.29 16.1 83.9

12 4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 25.6 0.9 9.2 56.4 1.7 -3.2 -2.8 0.15 9.7 90.3

13 7318 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 23.6 0.8 13.6 136.2 37.6 9.8 16.7 0.22 29.3 70.7

14 9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 22.4 0.8 12.2 119.6 28.2 23.4 25.6 0.24 47.6 52.4

15 4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 21.4 0.8 -3.8 -15.2 -9.9 1.9 0.3 0.14 12.1 87.9

16 8480 Molding Boxes For Metal Foundry; Mold Bases Etc 20.7 0.7 15.6 305.9 -9.8 5.9 3.4 0.31 14.1 85.9

17 8481 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 17.8 0.6 -1.0 -5.5 8.3 -0.5 1.6 0.09 24.8 75.2

18 8803 Parts Of Balloons Etc, Aircraft, Spacecraft Etc 17.0 0.6 7.5 78.6 -9.6 22.0 9.2 0.06 33.6 66.4

19 8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 15.0 0.5 14.2 1,904.3 28.7 12.7 16.1 0.18 23.4 76.6

20 2105 Ice Cream And Other Edible Ice, With Cocoa Or Not 12.8 0.5 11.2 719.4 -9.8 -8.6 -8.7 1.13 8.6 91.4

2001 ($mil) Industry 1998-01

HS2 TOP 10 INCREASES 1998-2001 VT Exports Share VT $Incr VT US Non-US World VT US Non-US

1 8802 Aircraft, Powered; Spacecraft & Launch Vehicles 33.4 1.2 33.1 11,102.6 -13.4 12.4 -0.2 0.07 42.4 57.6

2 8471 Automatic Data Process Machines; Magn Reader Etc 41.3 1.5 29.5 249.9 -1.6 14.0 11.0 0.03 17.1 82.9

3 9800 Commodities not specified according to kind 57.2 2.0 24.9 77.2 -22.9 -26.2 -25.9 0.08 10.1 89.9

4 9301 Military Weapons Ex Revolvers Pistols Lances Etc 26.1 0.9 21.2 431.0 29.6 84.4 64.1 5.13 29.3 70.7

5 8708 Parts & Access For Motor Vehicles (Head 8701-8705) 33.5 1.2 18.3 120.4 10.4 9.6 9.8 0.03 25.9 74.1

6 4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 26.0 0.9 17.3 198.5 -10.6 14.0 9.2 0.29 16.1 83.9

7 8480 Molding Boxes For Metal Foundry; Mold Bases Etc 20.7 0.7 15.6 305.9 -9.8 5.9 3.4 0.31 14.1 85.9

8 8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 15.0 0.5 14.2 1,904.3 28.7 12.7 16.1 0.18 23.4 76.6

9 7318 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 23.6 0.8 13.6 136.2 37.6 9.8 16.7 0.22 29.3 70.7

10 9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 22.4 0.8 12.2 119.6 28.2 23.4 25.6 0.24 47.6 52.4

2001 ($mil) Industry 1998-01

HS2 TOP 10 DECREASES 1998-2001 VT Exports Share VT $Incr VT US Non-US World VT US Non-US

1 8542 Electronic Integrated Circuits & Microassembl, Pts 1,872.7 66.2 -1,037.6 -35.7 9.0 48.9 36.7 1.12 24.4 75.6

2 8473 Parts Etc For Typewriters & Other Office Machines 33.6 1.2 -61.6 -64.7 0.9 31.6 24.6 0.03 18.6 81.4

3 1901 Malt Ext; Food Prep Of Flour Etc Un 40% Cocoa Etc 47.3 1.7 -31.2 -39.8 46.0 21.0 23.7 1.38 12.9 87.1

4 8534 Printed Circuits 5.9 0.2 -14.2 -70.7 13.1 45.7 37.9 0.04 19.7 80.3

5 9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 29.1 1.0 -7.9 -21.3 -4.9 14.8 10.2 0.37 20.3 79.7

6 6203 Men'S Or Boys' Suits, Ensembles Etc, Not Knit Etc 0.1 0.0 -5.8 -98.1 -51.6 6.4 2.8 0.00 2.9 97.1

7 4418 Builders' Joinery And Carpentry Of Wood 0.3 0.0 -4.0 -93.8 -5.5 -1.2 -1.5 0.01 7.1 92.9

8 4823 Paper, Paperboard, Cellul Wad To Size & Arts Nesoi 3.0 0.1 -3.9 -56.9 2.5 11.3 9.5 0.05 18.9 81.1

9 4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 21.4 0.8 -3.8 -15.2 -9.9 1.9 0.3 0.14 12.1 87.9

10 8461 Machine Tools For Shaping, Slotting, Gear Cut Etc 0.0 0.0 -3.3 -99.4 7.5 7.5 7.5 0.00 13.5 86.5

%Share of World 2001



% Growth 1998-2001



Table 11

Vermont, U.S., Non-U.S. and World Exports to Non-US Markets by World Region

Comparative Growth Rates 1998-2001 and World Market Shares 2001

2001 ($mil) Region 1998-01

VT Exports Share VT $Incr VT US Non-US World VT US Non-US

Total all Countries Excluding USA 2,830 100.0 -838 -22.8 6.8 12.7 11.7 0.06 15.4 84.6

North America Excluding USA 1,408 49.8 -1,132 -44.6 16.6 48.7 26.1 0.34 65.2 34.8

United States 0 0.0 0 NA NA 25.0 25.0 NA NA 100.0

Canada 1,390 49.1 -1,122 -44.7 2.7 25.7 10.0 0.63 63.6 36.4

Mexico 18 0.6 -10 -35.6 37.1 95.7 52.1 0.01 67.1 32.9

Latin America 33 1.2 12 55.5 -13.3 -5.2 -7.5 0.02 26.9 73.1

South America 24 0.8 10 67.5 -16.5 -8.7 -10.7 0.02 23.6 76.4

Central America 7 0.2 3 96.7 -5.2 21.6 9.3 0.03 39.8 60.2

Caribbean 3 0.1 -1 -27.9 1.7 34.7 16.3 0.04 48.9 51.1

Europe 591 20.9 48 8.9 6.0 4.6 4.7 0.02 7.8 92.2

Western Europe 588 20.8 49 9.1 6.4 4.7 4.9 0.02 8.1 91.9

European Union 571 20.2 43 8.2 7.9 5.3 5.5 0.03 8.3 91.7

Eastern Europe 3 0.1 -1 -21.1 -1.5 3.4 3.2 0.00 4.2 95.8

Former Soviet Republics 2 0.1 1 174.8 -17.9 -19.7 -19.6 0.00 5.8 94.2

Asian Continent 558 19.7 108 24.1 3.7 32.7 27.9 0.04 13.4 86.6

Japan 187 6.6 58 44.7 -5.5 34.0 24.5 0.05 18.3 81.7

Asia-Nics 259 9.1 -8 -3.0 4.0 22.9 20.3 0.06 12.0 88.0

Asean 97 3.4 -48 -32.9 -0.3 24.7 20.2 0.03 14.9 85.1

Asia Near East 19 0.7 8 74.9 2.9 13.2 11.6 0.02 13.8 86.2

Asia-South 1 0.0 0 3.4 -17.6 23.7 20.0 0.00 6.0 94.0

African Continent 2 0.1 0 -21.2 -14.9 -4.6 -5.6 0.00 8.3 91.7

Sub-Saharan Africa 1 0.0 0 -1.9 -16.6 -4.3 -5.5 0.00 8.6 91.4

Australia And Oceania 13 0.5 4 44.7 -12.2 12.7 7.3 0.02 17.6 82.4

Other countries not reporting to UN 225 7.9 122 119.0 NA NA NA NA NA NA

%Share of World 2001% Growth 1998-2001

Highlights by World Region and Country:

• The data show Vermont trailing the US and the World in exports to North America (Canada and Mexico). Moreover, while exports from US and non-US companies to these markets were on the rise in 1998-2001, they were declining from Vermont. Mexico was one of the fastest growing markets for exporters Worldwide in ’98-’01.

• In Europe--the state’s next most important regional market--Vermont exporters were running slightly ahead of the pack in 1998-2001. The leading markets of strength for the state were the UK, Ireland, and the Netherlands.

• In Asia as well, Vermont was very competitive, although in this case growth rates were slightly behind non-US rates of advance. The state finished well ahead of the US competitors in the region, however. Looking closer at country figures, Taiwan became Vermont’s second ranked export destination as exports to the country more than doubled. (UN data for Taiwan are not available.) Malaysia, Thailand, and China were important Asian markets where Vermont exports were on a much faster growth curve than US and non-US companies. Among its top 10 markets, Vermont also outpaced World growth, though by smaller margins, in Korea, Japan, and Hong Kong.

• In the lower volume markets of Latin America and Australia/Oceania, Vermont also outperformed other groups in terms of growth rates in 1998-2001. Rapid recent advances in exports to Brazil were the main driver behind the state’s impressive figures for Latin America.

■VT ■US ■non-US export growth exceeds World growth or ■World growth exceeds average World growth


Table 12

Vermont, U.S., Non-U.S. and World Exports to Non-US Markets by Country of Destination

Comparative Growth Rates 1998-2001 and World Market Shares 2001 2001 ($mil) Country 1998-01

VT Exports Share VT $Incr VT US Non-US World VT US Non-US

Rank TOTAL ALL COUNTRIES 2,830.4 100.0 -838.0 -22.8 6.8 12.7 11.7 0.06 15.4 84.6

VT Total Top 20 Countries 2,724.6 96.3 -854.6 -23.9 11.3 16.5 15.5 0.08 18.2 81.8

1 Canada 1,389.9 49.1 -1,122.3 -44.7 2.7 25.7 10.0 0.63 63.6 36.4

2 China (Taiwan) 191.1 6.8 98.0 105.4 na na na na na na

3 Korea, Republic Of 187.3 6.6 64.7 52.8 10.8 62.5 51.3 0.13 15.9 84.1

4 Japan 187.3 6.6 57.8 44.7 -5.5 34.0 24.5 0.05 18.3 81.7

5 United Kingdom 177.7 6.3 84.7 91.1 25.0 6.6 8.8 0.05 13.3 86.7

6 Italy 103.6 3.7 -155.4 -60.0 5.2 9.7 9.5 0.04 4.9 95.1

7 Ireland 91.4 3.2 66.1 261.4 9.2 17.0 15.8 0.18 15.2 84.8

8 Netherlands 58.4 2.1 50.3 618.1 20.7 3.0 4.7 0.04 10.8 89.2

9 Hong Kong 50.8 1.8 10.8 27.1 -2.6 9.0 8.2 0.03 6.7 93.3

10 France 48.5 1.7 -25.9 -34.8 3.7 2.6 2.7 0.02 8.9 91.1

11 Germany 48.2 1.7 12.2 33.8 6.5 2.8 3.1 0.01 8.2 91.8

12 Thailand 30.9 1.1 17.4 128.4 18.7 51.1 46.5 0.05 11.6 88.4

13 Malaysia 26.3 0.9 18.3 228.7 3.3 32.3 26.5 0.04 16.2 83.8

14 United Arab Emirates 24.2 0.9 21.7 879.1 na na na na na na

15 Sweden 22.3 0.8 15.2 214.6 -14.0 -7.0 -7.4 0.04 5.4 94.6

16 Singapore 20.5 0.7 -83.5 -80.3 1.7 16.8 14.0 0.02 16.5 83.5

17 Mexico 18.3 0.6 -10.1 -35.6 37.1 95.7 52.1 0.01 67.1 32.9

18 Philippines 18.0 0.6 -0.1 -0.4 -24.4 6.1 -0.5 0.06 16.6 83.4

19 China (Mainland) 16.2 0.6 14.8 1,013.6 55.3 76.2 73.7 0.01 10.8 89.2

20 Brazil 13.6 0.5 10.5 334.9 -5.0 -3.4 -3.8 0.02 23.2 76.8

2001 ($mil) Country 1998-01

Rank TOP 10 INCREASES 1998-2001 VT Exports Share VT $Incr VT US Non-US World VT US Non-US

1 China (Taiwan) 191.1 6.8 98.0 105.4 na na na na na na

2 United Kingdom 177.7 6.3 84.7 91.1 25.0 6.6 8.8 0.05 13.3 86.7

3 Ireland 91.4 3.2 66.1 261.4 9.2 17.0 15.8 0.18 15.2 84.8

4 Korea, Republic Of 187.3 6.6 64.7 52.8 10.8 62.5 51.3 0.13 15.9 84.1

5 Japan 187.3 6.6 57.8 44.7 -5.5 34.0 24.5 0.05 18.3 81.7

6 Netherlands 58.4 2.1 50.3 618.1 20.7 3.0 4.7 0.04 10.8 89.2

7 United Arab Emirates 24.2 0.9 21.7 879.1 na na na na na na

8 Malaysia 26.3 0.9 18.3 228.7 3.3 32.3 26.5 0.04 16.2 83.8

9 Thailand 30.9 1.1 17.4 128.4 18.7 51.1 46.5 0.05 11.6 88.4

10 Sweden 22.3 0.8 15.2 214.6 -14.0 -7.0 -7.4 0.04 5.4 94.6

2001 ($mil) Country 1998-01

Rank TOP 10 DECLINES 1998-2001 VT Exports Share VT $Incr VT US Non-US World VT US Non-US

1 Canada 1,389.9 49.1 -1,122.3 -44.7 2.7 25.7 10.0 0.63 63.6 36.4

2 Italy 103.6 3.7 -155.4 -60.0 5.2 9.7 9.5 0.04 4.9 95.1

3 Singapore 20.5 0.7 -83.5 -80.3 1.7 16.8 14.0 0.02 16.5 83.5

4 France 48.5 1.7 -25.9 -34.8 3.7 2.6 2.7 0.02 8.9 91.1

5 Mexico 18.3 0.6 -10.1 -35.6 37.1 95.7 52.1 0.01 67.1 32.9

6 Austria 2.3 0.1 -6.8 -74.7 6.2 -2.3 -1.9 0.00 5.3 94.7

7 Colombia 1.7 0.1 -3.8 -68.6 -5.9 -15.9 -12.7 0.01 34.7 65.3

8 Denmark 1.4 0.0 -2.0 -59.4 -17.0 -1.6 -2.3 0.00 4.2 95.8

9 Kuwait 0.8 0.0 -1.7 -66.9 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

10 Czech Republic 0.2 0.0 -1.6 -89.3 29.8 19.1 19.5 0.00 4.0 96.0




■VT ■US ■non-US export growth exceeds World growth ■World growth exceeds average World growth.


VI. VERMONT EXPORT PERFORMANCE AMONG WORLD COMPETITORS

IN THE CANADIAN MARKET

Canada Imports from Vermont, US, and World Regions

Market Share 2002 and %Increase 1998-2002

-80.0

-60.0

-40.0

-20.0

0.0

20.0

40.0

60.0

80.0

100.0

United

States

Vermont Mexico Latin

America

Europe Asian

Continent

Japan China African

Continent

Australia

And

Oceania

Percent

Share

%Increase

Canada Import Growth from Vermont, US, and Non-US Countries

By Industry 1998-2002

-100.0

-50.0

0.0

50.0

100.0

150.0

200.0

Electric

Mac

hine

ry E

tc; S

ound

Equ

ip; T

v Equ

ip; P

ts

Indu

stria

l Mac

hine

ry, I

ncluding

Com

pute

rs

Woo

d And

Arti

cles

Of W

ood;

Woo

d Cha

rcoa

l

Articles

Of I

ron

Or S

teel

Paper

& P

aper

boar

d & A

rticles

(Inc

Pap

r Pulp

Artl

)

Vehicles, E

xcep

t Railw

ay O

r Tra

mway

, And

Par

ts E

tc

Special C

lass

ifica

tion

Provision

s, N

esoi

Aircra

ft, S

pace

craf

t, And

Par

ts T

here

of

Opt

ic, P

hoto

Etc, M

edic O

r Sur

gica

l Ins

trmen

ts E

tc

Plastics And

Arti

cles

The

reof

%Growth

VT

US

Non-US

1240%


Vermont’s Export Performance among World Competitors in the Canadian Market

The figures in the following tables, provided to the United Nation’s by Statistics Canada, offer a closer look at the state’s largest foreign market from 2001-2002 and from 1998-2002. As with the UN data presented in the previous section, these tables enable us to see how Vermont exporters compare in performance to other US, Non-US, and World exporters to Canada.

2-Digit Highlights

• World exporters appear to be making advances in Canada at the expense of both state and US exporters. Vermont trailed behind non-US competitors in 14 of the top 20 export sectors ranked in Table 13. In 10 of these sectors, Vermont had negative growth while non-US company exports moved forward.

• Again, Vermont’s performance in all industries excluding electronics was much better, showing a 16% annual loss instead of a 24% loss in 2002 and a 12.6% increase instead of a 58% decrease over five years. These rates are still well below both the US (0.1%) and non-US (4.8%) annual rates of increase in 2002, better than the US (3.9%) five-year pace, but still far behind the non-US (32.7%) five-year pace.

• Despite its losses, Vermont still performed better in Canada in the state’s top 20 industries in 2002 than the US. US exporters outpaced non-US exporters in only two out of 20 categories. Even in those cases, the US did better only by losing less not making more.

• Nevertheless, the US still clearly dominates all other nations in exports to Canada as shown by the US share of World exports to the country in the last column on the right. In 2002, 62.8% of all Canadian imports came from the US. Canada also still remains of unquestioned importance to Vermont. 49.1% of all of the state’s exports go the Canada.

• Looking at the top 10 increases in Vermont exports to Canada in 2002, we can see there were 2-digit HS commodities where the state eclipsed non-US competitors in shipments to our northern neighbor. Three of these increases were among the state’s top 20 industries: salt, sulfur, earth and stone; railway and tramway stock; and knit apparel. The rest of these advances came in second-tier, lower volume export items (not among the Top 20 export sectors.) These included arms and ammunition, miscellaneous edible preparations, impregnated textile fabrics; rubber and articles thereof and photographic and cinematographic goods. Vermont outperformed US but not international competitors in iron and steel, the state’s largest increase in 2002.

• Reviewing the Vermont-Canada trade relationship from 1998-2002, the state fared slightly better, surpassing non-US competitors in exports to Canada in eight of the top 20 categories. The largest five-year increases were in aircraft and parts ; iron and steel; and vehicles and parts

• Among its top performing industries, Vermont faces its toughest international competition in wood and articles of wood and paper and paperboard.

• Vermont’s share of Canada’s total World imports by industry was greatest for live animals. 5.1% of all live animals imported into Canada came from Vermont. Other sectors for which Vermont’s share of imports to Canada were significantly higher than the state’s average included electric machinery; wood and articles of wood; salt, sulfur, earth and stone; and cocoa and cocoa preparations.

• Five sectors that were on the state’s list of top 10 export decreases to Canada in 2002 were also on the list for 1998-2002. These were electric machinery; industrial machinery, including computers; special classifications, instrumentation, and plastics and articles thereof.


4-Digit Highlights

• Vermont’s top 20 export commodities at the 4-digit level comprise 85% of the state’s total exports to Canada. 57.6% of this total came solely from electric integrated circuits and microassemblies, which was also the state’s top export loss commodity to Canada in both 2002 and 1998-2002. It is worth noting, however, that in 2002 the rate of export decline for the commodity for non-US competitors surpassed the rate of decline for Vermont.

• While exports of integrated circuits and microassemblies to Canada were sinking in 2002, other commodities from the electric machinery sector were on the rise. Five electric machinery commodities made the top 10 list of export increases to Canada. They were industrial or laboratory electric furnaces; printed circuits; electric transformers, static converters and inductors; boards, panels, etc.; and electric motors and generators. Vermont had higher export growth rates than US and non-US counterparts in all of these categories. Unfortunately, the scale of advances could not come close to offsetting the losses from integrated circuits and microassemblies.

• Molding boxes for metal foundries enjoyed the largest dollar increase in sales for a 4-digit commodity from Vermont to Canada in 1998-2002.

• Despite the sharp fall (-$278.4 million) in integrated circuit and microassembly exports to Canada in 2002, state shipments of the commodity still held a high market share. 23.9% of all Canadian imports of the product came from Vermont.

• Other commodity areas in which Vermont had a particularly high share of all World exports to Canada are pebbles, gravel, etc. (38.1%) and industrial or laboratory electric furnaces (14.3%).

• Of the top 20 listed 4-digit export commodities to Canada, Vermont had a higher rate of export growth than US or non-US companies in only seven categories. Looked at over a five year period (1998-2002), the state did slightly better. In that case, 11 commodities showed a higher net growth rate than US and non-US counterparts.

• Over five years, Vermont’s top export increases were in aircraft; boards, panels, etc. electrical switch; and motor vehicle parts. After integrated circuits, the top declines were in computer/office machine parts, turbojets/turbopropellers/gas turbines, and printed circuits.


Table 13: Canada Imports from Vermont, U.S., Non-U.S. and World by 2-Digit HS Commodity

Comparative Growth Rates 2001-2002, 1998-2002 and World Market Shares 2002 2002 ($mil) Industry 2001-02 1998-02

Commodity Description VT Exports Share VT $Incr VT US Non-US World VT $Incr VT US Non-US World VT US Non-US

HS2 TOTAL ALL HS COMMODITY CHAPTERS 1,054.3 100.0 -335.6 -24.1 -1.3 3.2 0.3 -1,457.9 -58.0 1.4 29.7 10.4 0.5 62.6 37.4

VT Total Top 20 Chapters 1,013.5 96.1 -335.9 -24.9 -1.0 2.3 0.1 -1,450.1 -58.9 -0.7 25.0 6.5 0.7 67.3 32.7

1 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 665.9 63.2 -261.3 -28.2 -13.8 -6.4 -10.4 -1,501.2 -69.3 -19.4 12.9 -6.7 2.9 52.5 47.5

2 84 Industrial Machinery, Including Computers 61.0 5.8 -10.5 -14.7 -5.5 0.0 -3.7 -15.4 -20.2 -7.5 10.5 -2.2 0.2 66.5 33.5

3 44 Wood And Articles Of Wood; Wood Charcoal 50.6 4.8 -3.6 -6.6 3.4 41.3 10.8 9.3 22.5 8.6 133.6 25.3 2.3 75.1 24.9

4 73 Articles Of Iron Or Steel 34.5 3.3 2.8 8.9 -1.5 11.1 1.9 18.6 116.6 1.4 27.4 7.8 0.7 70.6 29.4

5 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 31.3 3.0 -1.4 -4.2 -0.6 15.6 1.5 2.4 8.3 18.2 35.3 20.5 0.8 84.9 15.1

6 87 Vehicles, Except Railway Or Tramway, And Parts Etc 30.1 2.9 -3.1 -9.3 12.7 16.6 13.6 15.5 105.7 9.2 65.6 18.8 0.1 76.2 23.8

7 98 Special Classification Provisions, Nesoi 23.6 2.2 -32.0 -57.5 -8.4 -24.4 -15.3 -6.2 -20.9 12.4 -27.9 -7.4 0.6 61.8 38.2

8 88 Aircraft, Spacecraft, And Parts Thereof 22.4 2.1 -14.3 -38.9 -22.4 1.9 -9.6 20.7 1,240.4 -3.5 56.1 24.8 0.5 40.6 59.4

9 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 16.2 1.5 -9.2 -36.3 -9.2 -3.4 -7.2 -2.7 -14.5 -0.6 37.3 10.3 0.2 64.1 35.9

10 39 Plastics And Articles Thereof 13.1 1.2 -2.8 -17.4 4.4 16.3 6.2 -1.8 -12.2 17.6 70.4 24.0 0.2 83.5 16.5

11 25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 13.0 1.2 1.8 15.9 -2.7 5.2 -1.1 1.3 10.8 10.3 -23.7 0.3 2.7 77.6 22.4

12 18 Cocoa And Cocoa Preparations 12.5 1.2 1.1 9.9 3.1 27.5 14.6 3.2 34.6 33.1 0.5 13.7 2.3 47.4 52.6

13 95 Toys, Games & Sport Equipment; Parts & Accessories 8.4 0.8 -1.2 -12.4 7.5 11.6 10.3 0.7 9.8 6.4 31.7 22.6 0.3 31.5 68.5

14 01 Live Animals 6.8 0.6 -1.1 -13.4 -47.1 -5.3 -44.2 3.2 89.2 -11.2 22.7 -8.3 5.1 88.5 11.5

15 38 Miscellaneous Chemical Products 5.9 0.6 0.3 4.8 1.4 1.9 1.5 0.0 -0.6 4.1 10.6 5.0 0.3 84.4 15.6

16 54 Manmade Filaments, Including Yarns & Woven Fabric 3.8 0.4 -1.1 -22.7 -3.7 10.5 0.6 -0.9 -18.5 -7.3 -6.3 -7.0 0.6 66.9 33.1

17 34 Soap Etc; Waxes, Polish Etc; Candles; Dental Preps 3.8 0.4 -2.2 -36.6 7.0 17.2 8.1 -0.4 -8.4 32.5 47.3 34.1 0.4 88.4 11.6

18 86 Railway Or Tramway Stock Etc; Traffic Signal Equip 3.7 0.3 1.3 57.8 -36.8 -50.3 -38.8 3.4 1,413.2 -54.7 19.8 -51.1 0.7 88.3 11.7

19 61 Apparel Articles And Accessories, Knit Or Crochet 3.6 0.3 0.9 31.2 -4.7 7.5 5.8 2.0 126.7 -30.4 45.5 27.7 0.2 12.8 87.2

20 49 Printed Books, Newspapers Etc; Manuscripts Etc 3.4 0.3 -0.5 -13.2 -1.6 12.0 0.5 -1.7 -32.7 -5.6 26.9 -1.2 0.2 82.7 17.3

2002 ($mil) Industry 2001-02 1998-02

HS2 TOP 10 INCREASES 2001-2002 VT Exports Share VT $Incr VT US Non-US World VT $Incr VT US Non-US World VT US Non-US


2 25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 13.0 1.2 1.8 15.9 -2.7 5.2 -1.1 1.3 10.8 10.3 -23.7 0.3 2.7 77.6 22.4

3 93 Arms And Ammunition; Parts And Accessories Thereo 1.9 0.2 1.6 592.3 -15.2 41.1 0.1 1.2 148.7 -45.9 -37.4 -42.9 1.5 61.6 38.4

4 21 Miscellaneous Edible Preparations 2.2 0.2 1.4 180.4 15.0 8.8 14.1 -0.4 -16.4 21.8 1.7 18.5 0.3 86.0 14.0


6 59 Impregnated Etc Text Fabrics; Tex Art For Industry 1.7 0.2 1.3 311.7 0.6 20.6 4.0 1.4 393.5 -10.5 38.7 -3.8 0.4 80.4 19.6


8 40 Rubber And Articles Thereof 2.1 0.2 1.0 98.2 0.8 15.3 4.2 0.9 76.9 10.4 21.4 13.1 0.1 74.2 25.8


10 37 Photographic Or Cinematographic Goods 1.3 0.1 0.7 94.2 0.8 3.3 1.5 1.3 2,563.2 3.9 -26.1 -7.2 0.2 70.7 29.3

% Growth 2001-2002 % Growth 1998-2002 %Share of World 2002




Table 13 (continued): Canada Imports from Vermont, U.S., Non-U.S. and World by 2-Digit HS Commodity

Comparative Growth Rates 2001-2002, 1998-2002 and World Market Shares 2002

2002 ($mil) Industry 2001-02 1998-02







6 01 Live Animals 6.8 0.6 -1.1 -13.4 -47.1 -5.3 -44.2 3.2 89.2 -11.2 22.7 -8.3 5.1 88.5 11.5


8 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 31.3 3.0 -1.4 -4.2 -0.6 15.6 1.5 2.4 8.3 18.2 35.3 20.5 0.8 84.9 15.1


10 59 Impregnated Etc Text Fabrics; Tex Art For Industry 1.7 0.2 1.3 311.7 0.6 20.6 4.0 1.4 393.5 -10.5 38.7 -3.8 0.4 80.4 19.6

2002 ($mil) Industry 2001-02 1998-02

HS2 TOP 10 DECREASES 2001-2002 VT Exports Share VT $Incr VT US Non-US World VT $Incr VT US Non-US World VT US Non-US









9 81 Base Metals Nesoi; Cermets; Articles Thereof 2.0 0.2 -2.3 -54.4 -13.7 -21.1 -16.8 0.3 20.5 -21.7 -28.9 -24.8 1.1 59.7 40.3

10 34 Soap Etc; Waxes, Polish Etc; Candles; Dental Preps 3.8 0.4 -2.2 -36.6 7.0 17.2 8.1 -0.4 -8.4 32.5 47.3 34.1 0.4 88.4 11.6

2002 ($mil) Industry 2001-02 1998-02




3 62 Apparel Articles And Accessories, Not Knit Etc. 0.4 0.0 -0.2 -41.0 -10.1 0.8 -0.4 -6.3 -94.7 -27.8 24.0 15.9 0.0 9.7 90.3


5 35 Albuminoidal Subst; Modified Starch; Glue; Enzymes 0.1 0.0 0.0 -37.4 7.2 20.7 11.1 -3.2 -97.9 20.6 118.6 40.6 0.0 68.3 31.7



8 02 Meat And Edible Meat Offal 0.7 0.1 0.2 40.7 2.7 -1.4 1.0 -1.7 -69.7 13.1 59.1 27.9 0.1 59.9 40.1

9 49 Printed Books, Newspapers Etc; Manuscripts Etc 3.4 0.3 -0.5 -13.2 -1.6 12.0 0.5 -1.7 -32.7 -5.6 26.9 -1.2 0.2 82.7 17.3

10 74 Copper And Articles Thereof 0.3 0.0 -0.3 -48.2 -12.0 6.3 -6.9 -1.2 -79.6 -26.4 75.1 -9.5 0.1 67.8 32.2






Table 14: Canada Imports from Vermont, U.S., Non-U.S. and World by 4-Digit HS Commodity


Commodity Description VT Exports Share VT $Incr VT US Non-US World VT $Incr VT US Non-US World VT US Non-US

Rank HS4 TOTAL ALL HS COMMODITIES 1,054.3 100.0 -335.6 -24.1 -1.3 3.2 0.3 -1,457.9 -58.0 1.4 29.7 10.4 0.5 62.6 37.4

VT Total Top 20 Commodities 896.5 85.0 -306.6 -25.5 -1.0 -8.9 -3.2 -1,432.1 -61.5 0.1 -7.8 -2.1 2.4 73.6 26.4

1 8542 Electronic Integrated Circuits & Microassembl, Pts 607.5 57.6 -278.4 -31.4 -26.3 -38.4 -33.4 -1,524.5 -71.5 -52.6 -56.7 -54.9 23.9 45.7 54.3

2 8708 Parts & Access For Motor Vehicles (Head 8701-8705) 27.5 2.6 -3.8 -12.2 7.6 10.7 7.9 14.5 111.5 4.6 14.9 5.6 0.2 89.0 11.0

3 4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 24.2 2.3 -0.4 -1.7 -2.2 18.9 2.1 8.1 50.7 4.6 20.4 8.0 3.3 76.0 24.0

4 7318 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 23.8 2.3 0.4 1.9 0.1 12.8 3.2 14.0 141.9 -3.4 33.7 4.3 2.7 73.4 26.6

5 9800 Commodities not specified according to kind 23.6 2.2 -32.0 -57.5 -8.4 -24.4 -15.2 -6.2 -20.9 12.4 -27.9 -7.4 0.6 61.8 38.2

6 4403 Wood In The Rough, Stripped Or Not Of Sapwood Etc 21.9 2.1 -3.7 -14.5 -3.9 -21.4 -4.0 13.2 151.2 2.9 -1.4 2.9 5.8 99.5 0.5

7 4407 Wood Sawn Or Chipped Length, Sliced Etc, Ov6mm Th 20.4 1.9 0.1 0.4 4.7 3.8 4.7 -1.0 -4.7 6.7 58.7 9.3 4.3 92.9 7.1

8 8802 Aircraft, Powered; Spacecraft & Launch Vehicles 20.1 1.9 -13.3 -39.8 -21.8 20.9 3.0 20.0 17,014.4 40.5 75.5 62.6 0.8 31.9 68.1

9 8480 Molding Boxes For Metal Foundry; Mold Bases Etc 16.2 1.5 7.1 78.4 -6.4 0.6 -5.1 11.4 237.3 -43.5 -7.4 -38.8 5.0 80.3 19.7

10 8537 Boards, Panels Etc Elec Switch And N/C Appar Etc. 15.7 1.5 1.8 13.1 -3.1 -10.9 -5.3 15.5 5,728.2 18.2 69.6 28.6 3.5 73.2 26.8

11 8411 Turbojets, Turbopropellers & Oth Gas Turbines, Pts 12.4 1.2 -4.6 -27.0 -4.6 -21.3 -10.1 -7.9 -38.8 22.9 0.1 15.3 0.5 71.0 29.0

12 1806 Chocolate & Other Food Products Containing Cocoa 11.9 1.1 1.3 12.5 7.2 9.0 7.9 3.0 34.4 28.6 13.0 21.4 3.6 57.0 43.0

13 8481 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 11.3 1.1 -0.5 -4.1 -5.9 3.9 -3.0 -6.1 -34.9 3.3 19.4 7.9 0.7 68.1 31.9

14 8534 Printed Circuits 10.3 1.0 6.1 144.9 -32.8 4.2 -24.5 -6.7 -39.5 -25.6 26.2 -14.8 1.5 69.1 30.9

15 8514 Industrial Or Lab Elec Furnaces Etc, Parts 9.7 0.9 6.7 222.2 5.9 -12.5 2.8 8.5 721.9 27.0 15.3 25.1 14.3 85.4 14.6

16 2517 Pebbles, Gravel Etc; Macadam Of Slag, Dross Etc. 9.5 0.9 1.0 11.2 12.9 -20.1 11.9 -0.9 -8.3 -3.1 76.5 -2.2 38.1 98.0 2.0

17 7321 Stoves, Ranges Etc, Nonel Domest & Pts, Ir & Steel 8.8 0.8 2.3 35.7 10.7 15.6 12.1 4.3 94.5 6.4 45.0 15.6 5.4 70.1 29.9

18 9506 Artls & Equip F Genrl Physcl Exerc Etc; Pools; Pts 7.7 0.7 -1.2 -13.0 1.1 7.2 4.2 0.4 5.6 1.1 46.2 20.7 1.2 47.4 52.6

19 4408 Veneer Sheets Etc, Not Over 6 Mm Thick 7.0 0.7 0.3 4.8 12.7 15.7 13.3 2.0 39.2 48.5 42.2 47.2 4.1 80.2 19.8

20 8504 Elec Trans, Static Conv & Induct, Adp Pwr Supp, Pt 6.9 0.7 4.0 138.3 -23.9 -1.4 -13.0 6.4 1,260.5 -16.7 38.0 6.6 0.8 44.8 55.2

2002 ($mil) Industry 2001-02 1998-02








7 8605 Railwy, Tramwy Pass Etc Coaches Not Self-Propelld 3.4 0.3 1.7 99.3 -10.7 -100.0 -81.8 3.4 na 439.1 -100.0 435.9 34.1 100.0 0.0

8 8501 Electric Motors And Generators (No Sets) 4.0 0.4 1.7 69.3 -5.3 25.3 5.4 0.4 9.7 3.5 56.6 20.4 0.5 58.5 41.5

9 5911 Textile Products Etc. For Specific Tech Uses Nesoi 1.6 0.2 1.4 494.0 -2.1 -0.8 -1.8 1.6 36,102.1 35.7 28.3 33.8 1.5 76.5 23.5

10 2106 Food Preparations Nesoi 1.7 0.2 1.3 325.6 13.7 0.1 11.8 0.1 8.4 16.8 4.7 15.2 0.4 87.8 12.2





Table 14 (continued): Canada Imports from Vermont, U.S., Non-U.S. and World by 4-Digit HS Commodity






4 7318 Screws, Bolts, Nuts, Washers Etc, Iron Or Steel 23.8 2.3 0.4 1.9 0.1 12.8 3.2 14.0 141.9 -3.4 33.7 4.3 2.7 73.4 26.6




8 4810 Paper & Paperboard, Coated With Kaolin Etc, Rl Etc 24.2 2.3 -0.4 -1.7 -2.2 18.9 2.1 8.1 50.7 4.6 20.4 8.0 3.3 76.0 24.0



2002 ($mil) Industry 2001-02 1998-02





4 9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 3.3 0.3 -7.0 -68.0 -25.1 -30.1 -26.8 -3.9 -54.5 -8.0 50.2 5.3 0.8 67.4 32.6

5 8473 Parts Etc For Typewriters & Other Office Machines 4.9 0.5 -4.8 -49.5 -30.2 -13.6 -21.1 -9.1 -65.3 -16.2 40.0 10.3 0.2 40.1 59.9


7 8517 Electric Apparatus For Line Telephony Etc, Parts 1.8 0.2 -3.9 -68.4 -36.4 -16.3 -24.6 1.6 752.6 -41.9 125.0 12.7 0.1 34.7 65.3


9 8443 Print Mach Incl Ink-Jet Mach Ancil T Prnt Pt Nesoi 0.5 0.0 -3.8 -88.8 -0.4 -11.6 -7.0 -1.6 -76.8 -19.5 -23.2 -21.6 0.2 43.8 56.2


2002 ($mil) Industry 2001-02 1998-02



2 8473 Parts Etc For Typewriters & Other Office Machines 4.9 0.5 -4.8 -49.5 -30.2 -13.6 -21.1 -9.1 -65.3 -16.2 40.0 10.3 0.2 40.1 59.9




6 8481 Taps, Cocks, Valves Etc For Pipes, Tanks Etc, Pts 11.3 1.1 -0.5 -4.1 -5.9 3.9 -3.0 -6.1 -34.9 3.3 19.4 7.9 0.7 68.1 31.9

7 6203 Men'S Or Boys' Suits, Ensembles Etc, Not Knit Etc 0.1 0.0 0.1 148.6 -15.2 -5.7 -7.0 -5.6 -98.1 -36.8 19.2 7.4 0.0 12.3 87.7

8 4418 Builders' Joinery And Carpentry Of Wood 0.1 0.0 -0.1 -61.5 5.8 46.3 10.2 -4.1 -98.6 7.4 73.4 13.6 0.0 85.5 14.5

9 9030 Oscilloscopes, Spectrum Analyzers Etc, Parts Etc 3.3 0.3 -7.0 -68.0 -25.1 -30.1 -26.8 -3.9 -54.5 -8.0 50.2 5.3 0.8 67.4 32.6

10 4802 Paper, Uncoat, For Writing Etc, Rolls; Hndmd Paper 0.1 0.0 -0.8 -89.2 36.1 10.4 30.6 -3.3 -97.2 47.2 31.4 44.1 0.0 81.8 18.2






Table 15

Canada Imports by World Region of Origin

Comparative Growth Rates 2001-2002, 1998-2002 and Regional Market Shares 2002

Exports Share $Increase %Increase $Increase %Increase

TOTAL ALL COUNTRIES 222,262 100.0 708 0.3 20,889 10.4

North America 147,282 66.3 -1,565 -1.1 4,782 3.4

United States 139,171 62.6 -1,832 -1.3 1,865 1.4

Vermont 1,054 0.5 -336 -24.1 -1,458 -58.0

Mexico 8,101 3.6 273 3.5 2,927 56.6

Latin America 4,397 2.0 50 1.2 829 23.2

South America 3,390 1.5 101 3.1 753 28.6

Central America 406 0.2 42 11.4 32 8.6

Caribbean 602 0.3 -93 -13.3 44 7.9

Europe 29,472 13.3 171 0.6 6,482 28.2

Western Europe 28,505 12.8 157 0.6 6,542 29.8

European Union 24,663 11.1 -179 -0.7 5,475 28.5

Eastern Europe 967 0.4 13 1.4 -60 -5.8

Former Soviet Republics 387 0.2 -38 -8.9 -216 -35.8

Asian Continent 34,024 15.3 2,387 7.5 7,501 28.3

Japan 9,826 4.4 364 3.9 388 4.1

China 10,186 4.6 1,972 24.0 5,024 97.3

Asia-Nics 7,067 3.2 -282 -3.8 470 7.1

Asean 4,603 2.1 87 1.9 188 4.3

Asia Near East 1,693 0.8 56 3.4 952 128.6

Asia-South 1,212 0.5 83 7.3 290 31.4

African Continent 2,000 0.9 506 33.9 637 46.7

Sub-Saharan Africa 798 0.4 137 20.7 -104 -11.6

Australia And Oceania 1,458 0.7 73 5.3 322 28.4

Other 3,460 1.6 -1,150 -24.9 172 5.2

2001-2002 1998-20022002 ($mil)

Highlights by World Region and Country:

• Canadian imports from every other continent grew faster than its imports from Vermont and the US from 2001-2002 and from 1998-2002. The only other regions with below average growth in both periods are the Caribbean, the Former Soviet Republics, and parts of the Asia including Taiwan, Hong Kong, Singapore, and Indonesia.

• When ranked with all countries, Vermont came in 20th in 2002 after Australia among Canadian import origins. However, Vermont suffered a larger loss than all other country places of origin in exports to Canada in 1998-2002. Total losses for the period were -$1,458 million. Six Northeast states, New York, Vermont, Massachusetts, Connecticut, Delaware, and Pennsylvania, rank in the top ten state losses to Canada from 1998-2002.

• China had the biggest export increase in both 2002 and 1998-2002, gaining nearly 100% over five years. Other countries with large dollar and percentage point increases from 1998-2002 were Mexico (56%), the UK (49%), Germany (30%), and Korea (40%).

• High tech is one common denominator among origins with slow or declining sales in Canada including Vermont, the US, Japan, Taiwan, Malaysia, the Philippines, Hong Kong, Singapore and Indonesia. Oil is another: Nigeria, Iran, Venezuela, and Saudi Arabia reported declining shipments to Canada in 2002 or 1998-2002 while Algeria reported sizeable gains. Detailed UN data shows that the United Kingdom gained the most, $1.4 billion, in oil sales to Canada. Russia’s largest losses were in iron and steel, oil, and fish.

■■ Regional increase exceeds World increase


Table 16

Canada Imports from Vermont and by Country of Origin

Comparative Growth Rates 2001-2002, 1998-2002 and Market Shares 2002

Rank Country / State of Origin Exports Share $Increase %Increase $Increase %Increase

World 222,262 100.0 708 0.3 20,889 10.4

World excluding USA 83,091 37.4 2,540 3.2 19,025 29.7

1 USA 139,171 62.6 -1,832 -1.3 1,865 1.4

2 China 10,186 4.6 1,972 24.0 5,024 97.3

3 Japan 9,826 4.4 364 3.9 388 4.1

4 Mexico 8,101 3.6 273 3.5 2,927 56.6

5 United Kingdom 6,202 2.8 -1,311 -17.5 1,998 47.5

6 Germany 5,285 2.4 139 2.7 1,158 28.0

7 France 3,725 1.7 165 4.6 392 11.8

8 Special Categories 3,457 1.6 -1,150 -25.0 172 5.2

9 Rep. of Korea 3,099 1.4 125 4.2 863 38.6

10 Italy 2,829 1.3 227 8.7 512 22.1

11 Taiwan 2,704 1.2 -146 -5.1 -15 -0.5

12 Norway 2,507 1.1 245 10.8 803 47.1

13 Malaysia 1,287 0.6 63 5.2 -61 -4.5

14 Brazil 1,215 0.5 227 22.9 286 30.8

15 Sweden 1,185 0.5 82 7.4 262 28.4

16 Thailand 1,133 0.5 42 3.9 274 31.9

17 Ireland 1,107 0.5 178 19.1 364 49.1

18 Algeria 1,099 0.5 359 48.5 727 195.0

19 Australia 1,097 0.5 58 5.6 232 26.8

20 Vermont 1,054 0.5 -336 -24.1 -1,458 -58.0

21 Switzerland 967 0.4 60 6.6 209 27.6

22 Belgium-Luxembourg 939 0.4 236 33.5 168 21.8

23 Netherlands 934 0.4 29 3.2 149 18.9

24 India 846 0.4 100 13.4 239 39.5

25 Venezuela 784 0.4 -90 -10.3 217 38.3

26 Philippines 709 0.3 76 11.9 63 9.7

27 Iraq 695 0.3 130 23.0 639 1,156.2

28 Denmark 654 0.3 160 32.5 268 69.3

29 Spain 653 0.3 83 14.5 91 16.1

30 Austria 642 0.3 78 13.9 221 52.5

31 China, Hong Kong SAR 635 0.3 -157 -19.8 -211 -24.9

32 Singapore 630 0.3 -105 -14.2 -167 -20.9

33 Indonesia 614 0.3 -7 -1.1 -7 -1.2

34 Saudi Arabia 477 0.2 -40 -7.7 212 79.8

35 Finland 449 0.2 6 1.3 28 6.7

36 Chile 426 0.2 12 3.0 183 75.3

37 Israel 402 0.2 0 -0.1 120 42.7

38 New Zealand 354 0.2 16 4.6 95 36.9

39 So. African Customs Union 312 0.1 21 7.1 -80 -20.5

40 Turkey 255 0.1 52 25.3 87 51.5

2002 ($mil) 2001-2002 1998-2002



Table 16 (continued)

Canada Imports from Vermont and by Country of Origin

Comparative Growth Rates 2001-2002, 1998-2002 and Market Shares 2002

Rank TOP 10 INCREASES 2001-2002 Exports Share $Increase %Increase $Increase %Increase

1 China 10,186 4.6 1,972 24.0 5,024 97.3

2 Japan 9,826 4.4 364 3.9 388 4.1

3 Algeria 1,099 0.5 359 48.5 727 195.0

4 Mexico 8,101 3.6 273 3.5 2,927 56.6

5 Norway 2,507 1.1 245 10.8 803 47.1

6 Belgium-Luxembourg 939 0.4 236 33.5 168 21.8

7 Italy 2,829 1.3 227 8.7 512 22.1

8 Brazil 1,215 0.5 227 22.9 286 30.8

9 Ireland 1,107 0.5 178 19.1 364 49.1

10 France 3,725 1.7 165 4.6 392 11.8

Rank TOP 10 INCREASES 1998-2002 Exports Share $Increase %Increase $Increase %Increase

1 China 10,186 4.6 1,972 24.0 5,024 97.3

2 Mexico 8,101 3.6 273 3.5 2,927 56.6

3 United Kingdom 6,202 2.8 -1,311 -17.5 1,998 47.5

4 USA 139,171 62.6 -1,832 -1.3 1,865 1.4

5 Germany 5,285 2.4 139 2.7 1,158 28.0

6 Rep. of Korea 3,099 1.4 125 4.2 863 38.6

7 Norway 2,507 1.1 245 10.8 803 47.1

8 Algeria 1,099 0.5 359 48.5 727 195.0

9 Iraq 695 0.3 130 23.0 639 1,156.2

10 Italy 2,829 1.3 227 8.7 512 22.1

Rank TOP 10 DECREASES 2001-2002 Exports Share $Increase %Increase $Increase %Increase

1 USA 139,171 62.6 -1,832 -1.3 1,865 1.4

2 United Kingdom 6,202 2.8 -1,311 -17.5 1,998 47.5

3 Special Categories 3,457 1.6 -1,150 -25.0 172 5.2

4 Vermont 1,054 0.5 -336 -24.1 -1,458 -58.0


6 Taiwan 2,704 1.2 -146 -5.1 -15 -0.5

7 Singapore 630 0.3 -105 -14.2 -167 -20.9

8 Venezuela 784 0.4 -90 -10.3 217 38.3

9 Uruguay 31 0.0 -59 -65.8 -10 -25.6

10 Saudi Arabia 477 0.2 -40 -7.7 212 79.8

Rank TOP 10 DECREASES 1998-2002 Exports Share $Increase %Increase $Increase %Increase

1 Vermont 1,054 0.5 -336 -24.1 -1,458 -58.0

2 Russian Federation 242 0.1 9 4.0 -251 -50.9


4 Singapore 630 0.3 -105 -14.2 -167 -20.9

5 So. African Customs Union 312 0.1 21 7.1 -80 -20.5

6 Nigeria 130 0.1 -7 -5.4 -73 -36.0

7 Iran 35 0.0 6 21.0 -69 -66.4

8 Malaysia 1,287 0.6 63 5.2 -61 -4.5

9 Togo 0 0.0 0 147.3 -47 -99.1

10 Zambia 1 0.0 1 245.4 -34 -97.3

2002 ($mil) 2001-2002 1998-2002

2002 ($mil) 2001-2002 1998-2002

2002 ($mil) 2001-2002 1998-2002

2002 ($mil) 2001-2002 1998-2002



VII. APPENDIX

State of Origin of Movement (OM)

There are two different state export series produced by the U.S. Bureau of the Census, Foreign Trade Division: state of origin of movement (OM) and state of exporter location (EL). The origin of movement series, which began in 1987, is the one used in this report. The origin of movement, as reported by the exporter on the SED, is the state where the product began its journey to the point of export, the state of consolidation of shipments, the state of greatest value in the case of consolidation of shipments, or the state of a foreign trade zone. That state is not necessarily the state of manufacture or where the product was grown or mined. It may in some cases be the state of a broker or wholesaler or the state of consolidation of shipments. This issue results in some inflation of exports for the major port states and understatement of exports for other states. The problem is most acute for agricultural shipments and less so for manufactured exports. Nevertheless, for manufactured exports the OM series is the closest to state of production origin. State of Exporter Location (EL)

The second state export data series is the Exporter Location (EL) series, produced by the Census Bureau from 1993-2002. The EL series is not used in this report. The state of the exporter location is based on the zip code of the exporter filing the SED and reflects the state of sales activity. In many cases the exporter is the manufacturing firm and the exporter location is also the production location. However, exporters also include intermediaries such as wholesalers and brokers or the exporter may be the marketing division of a manufacturing firm. Areas with high export sales activity are likely to support additional economic activity such as warehousing and distribution, financing, shipping, etc. However, in other cases exporters may simply reflect headquarter locations of manufacturers. In addition to providing a second measure of state export activity, the EL series is the source of the US International Trade Administration’s Metropolitan Area Export Database. Shifts in the EL data, resulting from increased electronic filing of export documentation, led Census to discontinue the EL series.

Under-reporting of State Exports to Mexico (OM)

There is heavy consolidation of exports to Mexico along the Texas and California borders with Mexico. Since the state of origin of movement can reflect the state of consolidation, Texas and California are credited with very large shares of all US exports to Mexico. Texas is the OM state for 40% of all US exports to Mexico because of the consolidation effect. As a result, OM exports of interior states to Mexico are significantly understated. State Exports by Harmonized System (HS)

HS commodity classification was adopted in 1989 by the largest exporting and importing countries and has since been adopted in nearly all countries. HS is the basis of the tariff schedule in most countries. State of origin of movement (OM) exports by HS were made available for the first time in 1999. There are no state of exporter location (EL) data available by HS. HS data were used in this report because they are extremely detailed by commodity. There are 1,266 4-digit HS commodity classifications and 4,500 6-digit HS commodities. In 2002, there were major changes in the 6-digit HS classification codes, but very few changes at the 4-digit level. To provide comparability to historical data, 4-digit HS data were used in this report.


State Exports by NAICS and SIC

NAICS (the North American Industry Classification System) differs from HS in that the former is industry-based, while the latter is commodity-based. There are 33 major 3-digit NAICS-based export industry groups. The State by NAICS export series replaces the State Exports by SIC series that began in 1987 and ended in 2000. NAICS data were used to measure state and US manufactured exports in this report.

MISER Imputations

The data used in this report do not contain MISER imputations for missing states and industries. From 1987-2000 MISER improved unadjusted SIC (Standard Industrial Classification) data from Census. MISER developed an imputation algorithm which allocated records with unknown states and industries among known states and industries. The data were generally recognized as the best available on state exports and were published on the National Trade Data Bank. However, MISER does not allocate unknown states and industries in the new HS and NAICS series because, with increased electronic filing of export documentation the numbers of records with missing states to impute has declined rapidly. The value of “unknowns” in the data fell from 25% of the total value of US exports in 1987 to 5.2% in 2002. Potential Markets of Opportunity

The potential markets of opportunity listed in this report are subject to limitations that include but are not limited to the following: � The list does not take into consideration current conditions in the markets. � A single 4-digit commodity classification may be comprised of multiple products. In those

cases, the market opportunity may be for selected products, not all products, within the 4-digit group.

� The opportunity for a specific product in a market may be a one-time or infrequent sale rather than ongoing.

� Mexico may appear incorrectly as a potential market of opportunity for products that are consolidated on the Texas/Mexico border and thus credited as Texas exports to Mexico.

� Opportunities may be falsely identified when the state of origin is credited to the state of a broker or wholesaler and not the manufacturer.

� The list is limited to the top 10 markets.


DATA SOURCES:

State, US, non-US Exports

All the state export data in this report are from the US Census Bureau, Foreign Trade Division State Exports by HS data series. Throughout most of the report the US data are also from the same US Census database. However, US and World trade statistics from the United Nations Comtrade database were used in the sections on state, US, and World Exports to non-US markets and to Canada. See detailed description of the data used in those sections below.

State Manufactured Exports Based on US Census Bureau, Foreign Trade Division, State Exports by NAICS data for manufacturing industries only. State Exports by HS data were used to subtract out exports of diamonds, gold, and silver.

State Manufacturing Employment related to Manufactured Exports

US International Trade Administration, Office of Trade and Economic Analysis “US Jobs from Exports - A 1997 Benchmark Study of Employment Generated by Exports of Manufactured Goods” February 2001 http://www.ita.doc.gov/td/industry/otea/jobs.html

State Total Manufacturing Shipments US Census Bureau, Manufacturing and Construction Division “Annual Survey of Manufactures, 2001 Geographic Area Statistics” January 2003 http://www.census.gov/mcd/asm-as3.html

State Manufacturing Employment

US Bureau of Labor Statistics http://www.bls.gov/data/home.htm

Gross State Product

US Bureau of Economic Analysis http://www.bea.doc.gov/bea/regional/gsp.htm


United Nations Data on US and World Exports

Data on 1998 and 2001 US and World Exports to non-US markets were based on data from the United Nations Comtrade database (http://unstats.un.org/unsd/comtrade/). Unfortunately, 2002 data were not available for most countries at the time this report was compiled. The data in this report are limited to countries reporting consistent trade data to the UN in 1998 and 2001. (See list of included reporting countries on the last page of the appendix) Imports of the reporting countries were used instead of exports since trade data are more reliable on the importing side. This is why, for example, the US and Canada established a statistical data exchange in 1990 whereby the US uses Canadian imports from the US in place of US exports to Canada, and Canada uses US imports from Canada in place of Canadian exports to the US. Further, imports of the reporting countries include data for countries not reporting statistics to the UN. Imports of the 104 reporting countries included in this report comprise close to 95% of total World imports. (Taiwan’s data are not reported in the UN statistics for political reasons.) Data on reporting countries exports to the US were excluded for direct comparability with US exports to its non-US markets. The UN data on World imports from the US will not match US Census data on US exports to the World reported in earlier sections of the report. There are differences in the way countries collect and report their trade statistics. For example, only half of UN reporting countries report the value of military shipments. Some of those may report only exports, but not imports. A complete list of reporting practices by UN reporting country is available at http://unstats.un.org/unsd/comtrade/mr/rfReportersList.aspx. Additionally, some countries report data for total imports and for a limited level of commodity detail, but exclude specific data at a greater level of detail. For this reason, the sum of the commodity level data by 4-digit HS does not match the sum of the 2-digit HS data. The sum of the 2-digit and 4-digit HS commodity data also do not match the sum of the total values by country because four countries did not report by HS in both 1998 and 2001, but the total value of their imports was included in the report. The countries are Egypt, Pakistan, Qatar, and Malawi. UN data on World imports from US states are not available. All state data in this report are from the US Census Bureau, Foreign Trade Division. (See detailed description of state exports in appendix.) One major difference between the state export data and reporting countries import data is that the state export figures include transshipments from foreign countries, whereas 82% of UN reporting countries report imports by country of origin or production. Both the UN and the Census data in this report exclude exports of diamonds, unwrought gold and silver, and valuable artwork and antiques that are largely traded rather than manufactured and do not have the economic impact that their high export values would imply.


United Nations Data on US, and World Exports to Canada

Data on 1998 and 2002 US and World Exports to Canada were based on Canada’s imports from the US and World as reported in the United Nations Comtrade database. Statistics Canada is the source of the Canadian import statistics provided by the UN. Comparable Canadian imports from US states are available from directly from Statistics Canada, but not from the UN database. However, state exports from the US Census rather than from Statistics Canada were used in this report because of budgetary constraints and the relatively high cost of the Statistics Canada data. Despite the US-Canada statistical data swap, there are two major differences in how each country reports US state exports. One of the two most important differences is that Canada excludes the value of transshipments from other countries while the US includes them in the state level data. The second most important difference is that Canada has a much lower “low value shipment” threshold for imports than the US has for exports. While the US collects export data only on shipments valued over $2500 (US), Canada collects and publishes complete data on import shipments over $900 (Canadian). Canadian state export data include complete commodity detail for all shipments over $900 (Canadian) and a separate total value for shipments valued under $900. Canadian state data also include the value of corrections for late receipts of documentation. US Census state export data include shipments over $2500 (US). Interestingly, the US data also provide the total value for state shipments to Canada under $900 (Canadian). What’s missing in the US state data appear to be all shipments valued between $900 (Canadian) and $2500 (US) and the value for late receipt corrections. In the US data, all the missing state values are credited to “unknown state”. In 2002 the total value of state exports between $900 (Canadian) -$2500 (US) was $10.5 billion and the value of Canadian late receipts from the US was $1.5 billion. Total 2002 US Census “unknown state” exports to Canada were $12.5 billion (US). Total 2002 Statistics Canada “unknown state” state exports to Canada were $493 million (US). This report’s section on state, US, and World exports to Canada specifically excludes all state exports of HS 98, “special classifications”. The major component of HS 98 is low value shipments (those under $900 Canadian). Under an agreement between Statistics Canada and all the private air carriers, NY is credited as the state of origin of movement of all low value shipments exported via the carriers. HS 98 also includes goods returned to Canada, the value of repairs, and military equipment not identified by kind. This report also excludes data on Canadian imports of diamonds, unwrought gold and silver, and valuable artwork and antiques.


United Nations Data in this report includes the following countries:

NORTH AMERICA EUROPE ASIA AFRICA

USA Iceland Lebanon Morocco

Greenland Sweden Iran Tunisia

Canada Norway Israel Egypt

Mexico Finland Jordan Cameroon

Denmark Saudi Arabia Togo

LATIN AMERICA United Kingdom Qatar Burkina Faso

Guatemala Ireland Oman Senegal

El Salvador Netherlands India Guinea

Honduras Belgium-Luxembourg Pakistan Niger

Nicaragua Andorra Thailand Benin

Costa Rica France Malaysia Burundi

Panama Germany Singapore Rwanda

Bahamas Austria Indonesia Ethiopia

Saint Lucia Czech Rep. Philippines Uganda

Grenada Slovakia China, Macao SAR United Rep. of Tanzania

Barbados Hungary Maldives Mauritius

Trinidad and Tobago Switzerland China So. African Customs Union

Colombia Estonia Mongolia Zambia

Venezuela Latvia Rep. of Korea Malawi

Ecuador Lithuania China, Hong Kong SAR

Peru Poland Japan

Bolivia Russian Federation

Chile Belarus AUSTRALIA / OCEANIA

Brazil Azerbaijan Australia

Paraguay Rep. of Moldova New Zealand

Uruguay Spain

Argentina Portugal

Malta

Italy

Croatia

Slovenia

TFYR of Macedonia

Albania

Greece

Romania

Turkey

Cyprus

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