foreign investment michigan 2010 by ita

3

Click here to load reader

Upload: detroit-regional-chamber

Post on 25-May-2015

292 views

Category:

Business


1 download

TRANSCRIPT

Page 1: Foreign Investment Michigan 2010 By Ita

Michigan: Exports, Jobs, and Foreign Investment

January 2010

TradeStats Express Trade

Data Trade

Analysis

Industry

Information Resources and

References

Exports Support Jobs for Michigan's Workers Exports Sustain Thousands of Michigan Businesses Foreign Investment Benefits Michigan Michigan Depends on World Markets Michigan's Metropolitan Exports

Exports Support Jobs for Michigan's Workers

Export-supported jobs linked to manufacturing account for an estimated 6.4 percent of Michigan's total private-sector employment. Nearly one-quarter (24.5 percent) of all manufacturing workers in Michigan depend on exports for their jobs. (2006 data are the latest available.)

Note: Export-related employment data shown do not include manufacturing and non-manufacturing jobs involved in the export of non-manufactured goods, such as farm products, minerals, and services sold to foreign buyers. Indirect exports exclude imported items. The complete 2006 export-related employment series is available on our Export Related Jobs pages. Additional information on methodology used in the export-related employment series can be found in the U.S. Census Bureau's publication Exports from Manufacturing Establishments: 2006.

Source: State Export-Related Employment Project, International Trade Administration and Bureau of the Census.

Back to top of Michigan report

Exports Sustain Thousands of Michigan Businesses

A total of 11,205 companies exported goods from Michigan locations in 2007. Of those, 10,057 (90 percent) were small and medium-sized enterprises (SMEs), with fewer than 500 employees.

SMEs generated 12 percent of Michigan's total exports of merchandise in 2007.

Source: International Trade Administration and Bureau of the Census, Foreign Trade Division: Exporter Database.

Back to top of Michigan report

Foreign Investment Creates Jobs in Michigan

Page 1 of 3Exports, Jobs, and Foreign Investment: Michigan

1/25/2010http://ita.doc.gov/td/industry/otea/state_reports/michigan.html

Page 2: Foreign Investment Michigan 2010 By Ita

In 2007, foreign-controlled companies employed 150,400 Michigan workers. Major sources of Michigan's foreign investment in 2007 included Germany, Japan, the United Kingdom, Canada, and France.

Nearly two-fifths of these jobs (37 percent, or 55,900 workers) were in the manufacturing sector in 2007.

Nearly one of every eleven manufacturing workers (8.9 percent) were employed by foreign-controlled companies in 2007.

Foreign investment in Michigan was responsible for 4.1 percent of the state's total private-industry employment in 2007.

Note: All figures exclude employment in banks affiliated with foreign companies.

Source: U.S. Department of Commerce, Bureau of Economic Analysis.

Back to top of Michigan report

Michigan Depends on World Markets

Michigan's export shipments of merchandise in 2008 totaled $45.1 billion, placing Michigan eighth among the states in this category. From 2004 to 2008, merchandise exports from Michigan increased $9.2 billion, the 11th largest dollar growth in exports among the 50 states.

The state's largest foreign market, by far, in 2008 was Canada, which received exports of $24.1 billion, or 53 percent of the Michigan total. Canada was followed by Mexico ($6.4 billion), Germany ($1.6 billion), Japan ($1.4 billion), and China ($1.3 billion).

Michigan's leading export category, by far, is transportation equipment, which alone accounted for 47 percent, or $21.1 billion, of Michigan's exports in 2008. Other top export categories were machinery manufactures ($4.2 billion in 2008), chemical manufactures ($4.0 billion), and primary metal manufactures ($2.4 billion).

Source: Revised Origin of Movement State Export Series, Bureau of the Census, Foreign Trade Division.

Caution: The Origin of Movement series allocates exports to states based on transportation origin, i.e., the state from which goods began their journey to the port (or other point) of exit from the United States. The transportation origin of exports is not always the same as the location where the goods were produced. Consequently, conclusions about "export production" in a state should not be made solely on the basis of the Origin of Movement state export figures.

Back to top of Michigan report

Michigan's Metropolitan Exports

In the first half of 2008, the metropolitan area of Detroit-Warren-

Page 2 of 3Exports, Jobs, and Foreign Investment: Michigan

1/25/2010http://ita.doc.gov/td/industry/otea/state_reports/michigan.html

Page 3: Foreign Investment Michigan 2010 By Ita

Prepared by the Office of Trade and Industry Information, International Trade Administration, U.S. Department of Commerce.

Data updated 15 January 2010. Click here to return to the list of all the state "Exports, Jobs, and Foreign Investment" reports.

Contact OTII / Privacy Statement / U.S. Department of Commerce / International Trade Administration / Disclaimer

Livonia exported $23.1 billion in merchandise, 69 percent of Michigan's total merchandise exports. Other major metropolitan areas in Michigan that exported in the first half of 2008 included Grand Rapids-Wyoming ($1.5 billion), Holland-Grand Haven ($812 million), Kalamazoo-Portage ($658 million), Ann Arbor ($594 million), Lansing-East Lansing ($587 million), and Saginaw-Saginaw Township North ($568 million). Another metropolitan area exporter that included some counties of Michigan was South Bend-Mishawaka (including some counties in Indiana as well) which exported $581 million in merchandise in the first half of 2008.

Source: International Trade Administration and Bureau of the Census, Foreign Trade Division: Metropolitan Export Series.

Caution: The Origin of Movement zip-based series allocates exports to metropolitan areas based on transportation origin, i.e., the metropolitan area from which goods began their journey to the port (or other point) of exit from the United States. The transportation origin of exports is not always the same as the location where the goods were produced. Consequently, conclusions about "export production" in a metropolitan area should not be made solely on the basis of the Origin of Movement zip-based export figures.

Back to top of Michigan report

Page 3 of 3Exports, Jobs, and Foreign Investment: Michigan

1/25/2010http://ita.doc.gov/td/industry/otea/state_reports/michigan.html