Atlanta, GA – February fifteen, 2022 – Governor Brian P. Kemp nowadays joined the Ga Section of Financial Growth (GDEcD) in saying that the Point out of Ga obtained a document-breaking calendar year for intercontinental trade. In 2021, Georgia’s whole trade attained $166.eleven billion throughout 223 international locations and territories. As documented by GDEcD’s Worldwide Trade crew, Ga established a document for exports of $forty two.36 billion in 2021.
“Getting rated seventh in whole trade price is no compact feat, and I applaud our state’s trade crew and Ga enterprises for these outcomes,” reported Governor Kemp. “With extra than eighty five % of our state’s exporters classified as compact enterprises, Georgia’s worldwide trade results tale when all over again demonstrates their resiliency, tenacity, and the purpose they are regarded as the spine of our financial system. You can make nearly anything, any place in Ga, and attain marketplaces close to the planet. I’m particularly happy to see that production and agricultural exports appear from each individual solitary county in the Peach Point out.”
In 2021, the state’s prime 5 investing companions have been China, Mexico, Canada, Germany, and Korea. Among the Georgia’s prime ten marketplaces, trade with India and Vietnam skilled the most development in 2021. Ga ranks seventh in the U.S. for greenback price of trade. Supported by Georgia’s deepwater ports and great area in the Southeast, prime traded merchandise in 2021 have been motor cars, civilian plane, and elements for gasoline turbines.
“The 2021 Trade Report confirms that worldwide demand from customers for Georgia’s merchandise has returned to pre-pandemic degrees,” reported Ga Section of Financial Growth Commissioner Pat Wilson. “Many thanks to our Worldwide Trade crew, intercontinental associates, and our financial growth companions throughout the point out for their focused do the job not only to assist Ga enterprises attain their objectives, but to keep our position as a chief in the worldwide market.”
With Ga organizations exporting to 215 exceptional export places, Ga ranks twelfth in the U.S. for greenback price of exports. In addition to the Worldwide Trade crew, GDEcD’s Centre of Innovation will work in tandem with crucial industries to create procedures and optimize generation results, which includes in production, logistics, AgTech, and aerospace – all of which add to Georgia’s exports. Aerospace merchandise stay Georgia’s No. one export, totaling $nine.19 billion in 2021, and Ga is the 3rd-premier aerospace exporter in the U.S. Exports of agriculture and forestry merchandise improved by thirteen % in 2021 to $four.nine billion. Imports in 2021 attained $123.seven billion, rising twenty five % from 2020.
“We have been satisfied to see that Ga experienced twenty % development in whole trade following a demanding calendar year,” reported GDEcD Deputy Commissioner of Worldwide Trade Mary Waters. “I am specially delighted with the 9 % development in exports in excess of the previous calendar year. The written content in the 2021 Trade Report is a correct testomony to the Ga organizations who confronted a lot of uncertainties and ongoing to persevere sharing their merchandise with the planet.”
The state’s intercontinental trade attempts are led by a crew based mostly in Ga as properly as associates in twelve intercontinental marketplaces close to the planet. Georgia’s intercontinental associates enjoy a essential job in facilitating trade and introducing Ga exporters to new worldwide prospects. Practically sixty % of bilateral trade and fifty two % of exports associated marketplaces exactly where Ga maintains comprehensive-time illustration.
Assist from Georgia’s Worldwide Trade workplace is 1 of the complimentary positive aspects of carrying out organization in the point out and is accessible to all Ga-based mostly enterprises. For forthcoming trade demonstrates, more exporting methods and information and facts about the state’s Worldwide Trade providers, stop by www.ga.org/intercontinental/trade.
To study the comprehensive 2021 trade report, click on listed here.
About GDEcD’s Worldwide Trade Staff
The Ga Section of Financial Development’s nationally identified Worldwide Trade crew will work to bolster Ga exports and brand name the point out as a aggressive supply of top quality merchandise and providers. The crew involves Worldwide Reps found in twelve strategic worldwide marketplaces and helps Ga organizations with growing their product sales around the world. The Worldwide Trade workplace supplies Ga enterprises with the World-wide Perception and World-wide Connections they have to have to correctly diversify their intercontinental client foundation.