Colorado exports jump in 2003

DENVER – Colorado exports of manufactured, agricultural and mineral products grew by more than $500 million in 2003 to a total of more than $6.1 billion, an increase of 10.6 percent over the previous year.
According to the Colorado Office of Economic Development and International Trade, Colorado exports grew at a much faster rate than the 4.4 percent rise of U.S. exports as a whole.
Greater international demand and stronger foreign currencies – which made U.S. products more competitive – were the factors credited with the export growth.
Led by semiconductors, sales of high-tech products again dominated the top export categories, rising 59 percent from $645 million in 2002 to $1.03 billion in 2003.
“Exports are important to job and revenue growth,´ said Bob Lee, director of the Colorado Office of Economic Development and International Trade. “According to the U.S. Dept. of Commerce, $6.1 billion in exports creates or retains about 68,000 jobs.
Canada was again Colorado’s single-largest export market at $1.4 billion, or about 23 percent of all foreign sales, followed by Mexico and Japan.

on Facebook on LinkedIn