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Over seven-year period districts in area report 333 percent increase
By Paula Schleis
Beacon Journal business writer
Published on Friday, May 02, 2008
Ohio companies saw their combined exports to China grow 413 percent between 2000 — the year before China joined the World Trade Organization — and 2007.
With $1.5 billion in exports last year, Ohio is the country's ninth largest exporter to one of the world's fastest growing economies.
China is now tied with Japan as the state's third largest export market, behind Canada and Mexico.
A U.S.-China Business Council analysis issued Thursday also broke down exports by congressional districts, and the four districts in the Akron-Canton area all reported growth of at least 333 percent in that seven-year period.
Almost every congressional district in the country reported triple-digit increases, but Ohio and the Akron area's growth rates all exceeded the country's overall increase of 301 percent.
''It's a good thing,'' said Kim Holizna, director of the International Trade Assistance Center, a division of the Kent-based Northeast Ohio Trade & Economic Consortium.
Holizna said she hadn't seen the report, but wasn't surprised and said local exports from Ohio will continue to grow.
Well-made American machinery (the state and country's No. 1 export to China) is very much in demand, she said, and the weak dollar makes U.S. products cheaper than their European peers.
According to the council's second annual report, chemicals, computers and electronics, waste and scrap, and transportation equipment round out the top five exports from Ohio in 2007.
The full report is online at http://www.uschina.org/public/exports/congressional.
''This report shows members of Congress, and their constituents, the importance of our rapidly growing export relationship with China,'' said USCBC President John Frisbie.
Paula Schleis can be reached at 330-996-3741 or pschleis@thebeaconjournal.com.
Ohio companies saw their combined exports to China grow 413 percent between 2000 — the year before China joined the World Trade Organization — and 2007.
Get the full article here.
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