Governor Kemp: Georgia announces record year for international trade – On Common Ground News

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ATLANTE—On February 15, Governor Brian P. Kemp joined the Georgia Department of Economic Development (GDEcD) to announce that the State of Georgia had a banner year for international business. In 2021, Georgia’s total trade reached $166.11 billion across 223 countries and territories. As reported by GDEcD’s international trade team, Georgia set an export record of $42.36 billion in 2021.

“To be ranked seventh in total business value is no small feat, and I applaud our state’s business team and Georgian companies for these results,” said Governor Kemp. “With over 85% of our state’s exporters categorized as small business, Georgia’s global business success once again demonstrates their resilience, tenacity and why they are considered the backbone of our economy. You can manufacture anything, anywhere in Georgia, and reach markets around the world. I’m especially proud to see that manufacturing and agricultural exports come from every county in the state of Peach.

In 2021, the state’s top five trading partners were China, Mexico, Canada, Germany, and Korea. Among Georgia’s top 10 markets, trade with India and Vietnam saw the highest growth in 2021. Georgia ranks 7th in the United States in dollar value of trade. Backed by Georgia’s deep-water ports and convenient southeast location, the top commodities traded in 2021 were motor vehicles, civilian aircraft, and gas turbine parts.

“The 2021 trade report confirms that global demand for Georgian goods has returned to pre-pandemic levels,” said Georgia Department of Economic Development Commissioner Pat Wilson. “Thank you to our international trade team, international representatives, and economic development partners across the state for their dedicated work in not only helping Georgian businesses achieve their goals, but also maintaining our leadership status on the world market.”

With Georgian companies exporting to 215 unique export destinations, Georgia ranks 12th in the United States for dollar value of exports. In addition to the international trade team, GDEcD’s Innovation Center works in tandem with key industries to develop processes and maximize production success, including in manufacturing, logistics, logistics, and manufacturing. ‘AgTech and aerospace, all of which contribute to Georgia’s exports. Aerospace products remain Georgia’s top export, totaling $9.19 billion in 2021, and Georgia is the third-largest aerospace exporter in the United States. Exports of agricultural and forestry products increased by 13% in 2021 to reach $4.9 billion. Imports in 2021 reached $123.7 billion, up 25% from 2020.

“We were happy to see that Georgia recorded 20% growth in total trade after a difficult year,” said Mary Waters, GDEcD Deputy Commissioner for International Trade. “I am particularly pleased with the 9% growth in exports over the past year. The content of the 2021 Trade Report is a true testimony of Georgian businesses that faced many uncertainties and continued to persevere to share their goods with the world. »

The state’s international trade efforts are led by a team based in Georgia as well as representatives in 12 international markets around the world. Georgia’s international representatives play a vital role in facilitating trade and introducing Georgian exporters to new global customers. Almost 60% of bilateral trade and 52% of exports were in markets where Georgia maintains full-time representation.

Support from the Georgia Office of International Trade is one of the added benefits of doing business in the state and is available to all Georgia-based businesses. For upcoming trade shows, additional export resources, and information about the state’s International Trade Services, visit www.georgia.org/international/trade.

To read the full 2021 trade report, click here.



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