New data shows record high exports for Columbia

3 years 8 months 1 week ago Thursday, September 11 2014 Sep 11, 2014 Thursday, September 11, 2014 5:53:00 PM CDT September 11, 2014 in News
By: Jenn Croft, KOMU 8 Reporter
loading

COLUMBIA - The Columbia metropolitan area is increasing its exports, boosting the local economy and creating more jobs.

The U.S. Department of Commerce's International Trade Administration announced new export data that shows merchandise exports from Columbia totaled a record $424 million last year. This is an increase of 43 percent from previous years.

According to the Department of Commerce, 95 percent of potential consumers live outside the United States. By capitalizing on international trade, Columbia businesses are expanding their customer base. 

Key merchandise categories for the Columbia metropolitan area include electrical equipment, transportation equipment, machinery, plastics and rubber products, and fabricated metal products. Trading partners in the Asia Pacific Economic Corporation and the North American Free Trade Agreement are the leading destinations for Columbia exports. 

"The export numbers show how innovative Missouri businesses are working to expand their global market share while helping meet worldwide demand for high quality, U.S. goods," said Cory Simek, Director of the U.S. Commercial Service in St. Louis. 

Director of International Trade for the Missouri Small Business and Technology Development Centers, Larry Dill, said that from a Columbia standpoint, "We have some great, innovative companies who have realized the world market is an attractive place." 

One reason Dill gave for the success was the Export Missouri Partnership: "It's a federal, state, local collaboration where we provide help to companies that export. We help them find markets and develop long-term export plans, and that shows in a place like Columbia."

The partnership includes agencies like the U.S. Department of Commerce, the International Trade Association, State of Missouri Department of Economic Development and the International Trade Investment Office. 

One particular facility in Columbia that exports its products is Engineered Plastic Components Inc. The company is currently responsible for manufacturing Mitsubishi's interior trim and instrument panels.

"We supply the finished product on a daily basis to Mitsubishi and more than 50 percent of those vehicles are exported around the world," said General Manager Mark Brown. "This year we're going to grow approximately 30 percent by bringing in even more customers. We expect that over $5 million of the sales out of this facility will be exported."

According to figures released by the International Trade Administration, U.S. metropolitan areas exported more than $1 billion in merchandise in 2013. 

"It's great to hear success like this. It takes time but the results are starting to pay off," said Dill. "The greatest is still to come. We're learning and realizing the benefits of exporting and starting to see quality job creation in our community."

More than 200 metropolitan areas registered positive export growth between 2012 and 2013. 134 of those areas reached record export levels last year.

More News

Grid
List
JEFFERSON CITY (AP) — A House investigatory committee has expanded its membership for a special session to determine whether... More >>
2 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 12:00:47 PM CDT May 21, 2018 in News
ROLLA (AP) — A Missouri University of Science and Technology student has been sentenced to seven years in prison... More >>
2 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 11:40:00 AM CDT May 21, 2018 in News
ST. LOUIS (AP) — Ameren Missouri is planning a 400-megawatt wind farm in rural northeast Missouri, creating... More >>
3 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 10:44:00 AM CDT May 21, 2018 in News
POPLAR BLUFF (AP) — Authorities say a man's body was found in southeast Missouri and the case appears to... More >>
5 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 8:48:00 AM CDT May 21, 2018 in News
COLUMBIA – With a new terminal on the way, comes more possible changes to Columbia Regional Airport. A public... More >>
6 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:55:00 AM CDT May 21, 2018 in News
COLUMBIA – The Columbia City Council will address an ordinance Monday on whether to approve of a special August election... More >>
11 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 2:41:00 AM CDT May 21, 2018 in News
COLUMBIA – The MU Board of Curators voted today to increase tuition by 2.1 percent for the 2018-2019 school year.... More >>
15 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 11:00:00 PM CDT May 20, 2018 in News
MARSHALL - A standoff between Marshall police and an armed man ended without injury. According to a news release,... More >>
16 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 9:53:00 PM CDT May 20, 2018 in News
ROCHEPORT - The city of Rocheport honored two men on Sunday whose legacy has stretched across the state of Missouri.... More >>
19 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 7:09:00 PM CDT May 20, 2018 in News
AUXVASSE - Gov. Eric Greitens spoke at the 16th annual Fire Fighters Memorial Service on Sunday. The service was... More >>
22 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 4:05:00 PM CDT May 20, 2018 in News
COLUMBIA - The Missouri State Highway Patrol is taking to social media to spread awareness of National Safe Boating Week... More >>
22 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 3:36:00 PM CDT May 20, 2018 in News
FULTON - All 6-year-old Sam Santhuff wanted to do was comfort children in the hospital, even though he was there... More >>
1 day ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 6:47:00 AM CDT May 20, 2018 in News
CAMDEN COUNTY - The Missouri State Highway Patrol has released the identities of the three people killed and the two... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:42:00 PM CDT May 19, 2018 in News
COLUMBIA - Children in Columbia have a chance to get paid to play. Columbia Parks and Recreation started its... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:10:00 PM CDT May 19, 2018 in News
HAVANA (AP) — The Latest on the crash in Cuba of a passenger jet with 113 people on board (all... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 5:23:00 PM CDT May 19, 2018 in News
COLUMBIA - Over 90 people showed up at the Burr Oak Brewery for an afternoon of puppies, yoga and beer... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 4:50:00 PM CDT May 19, 2018 in News
COLUMBIA - Although it is nowhere near Halloween, some Columbia runners faced their fears by participating in a zombie-themed 5K... More >>
2 days ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 11:12:00 AM CDT May 19, 2018 in News
COLUMBIA- The city of Columbia has been ranked a top-ten affordable college town to live in by realtor.com. Factors... More >>
2 days ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 10:41:00 AM CDT May 19, 2018 in News
Columbia, MO
Broken Clouds 78°
3pm 77°
4pm 76°
5pm 77°
6pm 76°