The International Trade Administration (ITA) at the U.S. Department of Commerce recently released the 2016 Metropolitan Export Series report for Cincinnati, and the numbers are good to see. The Cincinnati OH-KY-IN Metropolitan Statistical Area jumped two slots to become the 11th largest exporting region in the United States (ahead of places like San Francisco (#12), Philadelphia (#14), Boston (#15), and Atlanta (#16). And in our neighborhood, Indianapolis was #30, Cleveland was #34, Louisville was #40, and Columbus was #48.
The total value of goods exported from our region in 2016 reached $26.3 billion, more than 9 percent higher than the 2015 level and more than doubling since 2006. Kenton County was the big winner with $12.3 billion in export sales (up 56 percent from 2015).
The ITA estimates that 96 percent of Cincinnati goods exporters shipped manufactured products overseas, with small and medium sized firms accounting for 83 percent of exporters (an estimated 2,540 firms In 2014). Top markets for Cincinnati exporters include Canada, Mexico, the U.K, Brazil, France, and Sweden.
The top exported items were by far Transportation Equipment (59 percent of total export value) but other key items included Chemicals; Machinery (except electrical); Computer and Electronic Products; Paper; Electrical Equipment, Appliances, and Components; Fabricated Metal Products; Primary Metal Manufactures; and Plastics and Rubber Products.