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Economy and Business

Northeast Ohio's exports rebound driven by chemicals and transportation
Exports top pre-recession levels

Heavy steel manufacturing, like that done at ArcelorMittal helps account for a surge in exports.
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In The Region:

Northeast Ohio manufacturers are exporting about 800 million dollars more than they were before the recession.

A new report by Team NEO says the region’s companies exported $31.1 billion in goods and services in 2012, exceeding 2008’s pre-recession earning of $30.3 billion.

The nonprofit’s Managing Director of Research Jacob Duritsky says the increase proves Northeast Ohio’s products remain competitive.

LISTEN: What's driving exports?

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A lot of the manufacturing in the region has undergone a transformation. We’re doing a lot of what we do with less people than we have in the past, but our productivity is still extremely high. It means we remain globally competitive as a manufacturing region and seeing increases faster than the U.S. means that painful couple of decades that we went through in manufacturing, we’re emerging from that a much leaner, more efficient manufacturing sector. 

Chemicals and transportation equipment topped the list of exports. Medical devices increased by 112 percent from 2003 to 2012, food products by 87 percent and agriculture by 83 percent. 

Duritsky says the 18-county region will likely continue increasing exports as long as companies maintain what he calls a “healthy mix of products” that and a skilled manufacturing workforce.


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