China's growing middle class is fueling demand for U.S. and Minnesota made products ranging from premium men's shoes to civilian aircraft.
China is Minnesota's second-largest export partner. In the first half of 2012, it was also the fastest-growing, as exports rose 15.4 percent over last year.
Country1st half 2012 exportsPct. chg.
($ millions)YTD
Total$10,317 1.7%
Canada 2,905 2.1%
China 1,297 15.4%
Mexico 636 14.8%
Japan 634 -11.4%
Sources: Minnesota Trade Office, Department of Employment and Economic DevelopmentSome of the largest and fastest-growing Minnesota export categories to China during the past three years:
2011 3-yr. pct. chg.
($ in millions) YTD
All exports $1,929.7 88.8%
Machinery 475.2 74.5%
Optical and medical 320.6 66.7%
instruments
Electrical machinery 250.9 136.5%
Meat 67.6 195.1%
Hides and skins 54.3 52.2%
Aircraft, spacecraft 22.8 449.3%
Vehicles (not railway) 19.6 261.1%
Footwear 6.9 355.2%
Source: Global Trade Information Services
Trust is at the core of a long-term financial planning relationship.
