Monday, June 29, 2009

Illinois Exports Top $53 Billion in 2008

From the Office of Governor Pat Quinn

CHICAGO – Officials with Governor Pat Quinn’s administration today highlighted the significant impact Illinois exports had on the state economy in 2008. Illinois’ export of goods and services in 2008 totaled $53.4 billion, an increase of 9.3 percent from 2007, according to the World Institute for Strategic Economic Research. This growth places Illinois as the sixth-largest exporting state in the nation. During the event, seven Illinois companies were awarded Governors’ Export Awards for their achievements in the exporting industry.

“Our trade numbers represent some much-needed good news during these difficult economic times,” said Gov Quinn. “Export of goods and services is a significant portion of Illinois’ diverse economy. We will continue our efforts to help keep this important economic engine running.”

With an increase of $4.6 billion over calendar year 2007, Illinois led the Midwest in exports in 2008. Illinois ranks sixth in the nation for exports behind Texas, California, New York, Washington and Florida.

“Trade continues to be a critical driver of the Illinois economy. The seven companies we’re recognizing today have found that recipe for success and are helping to create better jobs for more people here at home,” said Illinois Department of Commerce and Economic Opportunity Director Warren Ribley.

The Governor's Export Awards were established by the legislature in 1993 to highlight the contribution of exports in manufacturing, service, and agribusiness to Illinois' economic development. Winners were selected by criteria based on the export sales as a percentage of total sales, growth of export sales, the number of employees involved in exporting, and unique factors indicating progressive international marketing strategies.

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