Policy Analysis | January 2014

How have aerospace industry exports grown in SLC member states in the last decade?

In the coming weeks, the Southern Legislative Conference will publish a report examining the increasing number of aeronautics companies that are locating, relocating or expanding their manufacturing operations in the South, a trend particularly discernible in the aftermath of the Great Recession. For policymakers in the South, the potential to capture a portion of the burgeoning aeronautics/aerospace sector is a huge opportunity given the enormous economic opportunities at stake. Consequently, Southern policymakers have moved with great alacrity to ensure that their particular state remains a frontrunner in securing the commitment of these aeronautics companies looking to relocate. The question of the month for January 2014 presents preliminary data from the forthcoming SLC Regional Resource, Aeronautics in the SLC States: Cleared for Take Off.

State Aerospace Exports, 2002 to 2012 and First Three Quarters of 2013 (in $ billions)

(click on headers to sort by column)

State 2002 2007 Percent change, 2002-07 2012 Percent change, 2007-12 Percent change, 2002-12 YTD (Sep.) 2012 YTD (Sep.) 2013 Percent change, YTD 2012-13
Alabama $266,184,587 $338,927,534 27.3% $691,774,567 104.1% 159.9% $511,006,354 $504,680,205 -1.2%
Arkansas $442,946,418 $1,151,184,939 159.9% $1,867,421,182 62.2% 321.6% $1,197,583,704 $1,350,808,141 12.8%
Florida $2,233,475,975 $3,397,443,031 52.1% $5,736,121,115 68.8% 156.8% $4,137,854,148 $4,083,054,040 -1.3%
Georgia $991,433,194 $2,997,814,005 202.4% $5,638,614,220 88.1% 468.7% $4,052,034,288 $4,882,750,845 20.5%
Kentucky $2,072,000,820 $3,845,838,070 85.6% $3,834,815,372 -0.3% 85.1% $2,735,606,269 $3,812,317,004 39.4%
Louisiana $212,477,155 $254,119,969 19.6% $226,145,060 -11.0% 6.4% $143,047,570 $179,304,430 25.3%
Mississippi $26,160,448 $54,842,521 109.6% $216,458,328 294.7% 727.4% $180,902,904 $127,386,191 -29.6%
Missouri $96,448,987 $1,316,632,495 1265.1% $703,891,926 -46.5% 629.8% $587,406,910 $341,239,344 -41.9%
North Carolina $193,776,724 $854,449,276 340.9% $1,130,803,736 32.3% 483.6% $740,650,810 $988,700,002 33.5%
Oklahoma $232,706,465 $291,007,151 25.1% $504,029,922 73.2% 116.6% $385,855,687 $434,377,646 12.6%
South Carolina $92,457,229 $218,802,899 136.7% $213,753,828 -2.3% 131.2% $175,760,804 $391,527,665 122.8%
Tennessee $562,443,680 $953,429,806 69.5% $1,231,582,663 29.2% 119.0% $842,394,506 $796,926,281 -5.4%
Texas $2,124,533,645 $5,302,862,373 149.6% $5,636,133,411 6.3% 165.3% $4,235,163,875 $4,222,131,983 -0.3%
Virginia $466,961,045 $983,727,009 110.7% $1,075,883,880 9.4% 130.4% $877,215,432 $497,704,918 -43.3%
West Virginia $107,757,591 $169,015,981 56.8% $282,741,465 67.3% 162.4% $205,200,887 $150,541,816 -26.6%
SLC Region $10,121,765,965 $22,130,099,066 118.6% $28,990,172,687 31.0% 186.4% $21,007,684,148 $22,763,450,511 8.4%

Source: U.S. Department of Commerce, International Trade Administration (accessed December 6, 2014)