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Friday, November 30, 2007

State exports see sharp rise

A banner year for Georgia exports has bolstered the state economy.

Through the first nine months of this year, state exporters tallied 17.2 billion dollars in goods sent overseas. That’s a 15-percent jump from the same period last year.

The Georgia Department of Economic Development says it’s a near across the board increase for different categories of exports. Transportation equipment leads the way with 3.2 billion dollars.

Kathe Falls is Director of International Trade for the department.

"I think we’re looking at a couple things. I think it’s the U.S. dollar, which makes our goods so much more attractive overseas. And I think some of it too is we’re doing so well on foreign direct investment that’s located in Georgia".

The rush of new foreign investment in the state has included China. The country has in turn jumped to number-2 in taking Georgia exports.

Other statistics given by the state's Department of Economic Development:
- Georgia stands 15th in the U.S in exports (dollar value)
- 85% of ten-thousand businesses in Georgia selling products overseas, are small or midsize companies

GPB News Team: