Arkansas Exports See Revenue Rise for Most Products in 2010

by Mark Friedman  on Monday, Dec. 13, 2010 12:00 am  

 

Top Movers

Of the top 15 Arkansas export items this year, 13 categories reported increases in the value of exports compared with the same period in 2009.

In addition to aircraft and spacecraft products, the value of miscellaneous chemical products fell 4.4 percent to $60 million in 2010 during the same period last year. 

The biggest movers were arms and ammunition sales, which jumped 145 percent to $210 million in the first three quarters of 2010. In 2008, the value of arms and ammunition exports from Arkansas totaled $116.4 million. And cotton and yarn fabric items leaped 155 percent to $138 million, which surpassed the sales in all of 2008, when the value of the items sold was $94.3 million.

Sales for electrical machinery increased 58 percent to $314.6 million in the first three months of 2010 compared with the same period last year. In all of 2009, electrical machinery sales totaled $284.6 million.

 

A Rough 2009

In 2009, 12 of the top 15 export products had sales declines over 2008.

One of the largest drops in sales was for iron and steel products, which fell 50 percent to $61.3 million in 2009.

The export value of machinery items was $462.9 million in 2009, off from its high of $661.2 million in 2008.   

"The recession took the bite out of any strong growth patterns that might have existed before the recession," said Kermit Kuehn, the director of the Center for Business Research & Economic Development, which is located at the University of Arkansas at Fort Smith's College of Business.

 

 

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