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MASSACHUSETTS 1991 EXPORTS SHOW GAINS; EXPORTS TO CANADA, MEXICO, ASIA AND SOUTH AMERICA INCREASE; COMPUTERS AND INDUSTRIAL MACHINERY LEAD

MASSACHUSETTS 1991 EXPORTS SHOW GAINS; EXPORTS TO CANADA, MEXICO, ASIA AND SOUTH AMERICA INCREASE; COMPUTERS AND INDUSTRIAL MACHINERY LEAD
 BOSTON, April 3 /PRNewswire/ -- Massachusetts increased exports during 1991 by 2.6 percent, or more than $304.6 million according to data released today by the Massachusetts Port Authority (MASSPORT) and the Massachusetts Institute for Social and Economic Research (MISER). Computer equipment and industrial machinery represented more than $175 million of the exporting increase.
 MISER director Steve Coelen said, "For the fifth year in a row, Massachusetts is one of America's 10 largest exporting states. Exports generate hundreds of local manufacturing jobs and are critical to getting our economy back on track. Our growth of 2.6 percent, although less than the national rate of 7.3 percent, is still ahead of many other states. We need to find new markets so we can increase our exports and work harder in the areas we have been sucessful."
 European and Japanese exports showed little growth or slight declines during the year. However, exporting gains were made in other areas including Canada, Mexico, Latin America, and the Pacific Rim. Increases were seen in the following: Panama (106.5 percent), Argentina (96.8 percent), and Peru (92.7 percent). Malaysia, Portugal and the Philippines also showed increased Massachusetts exports.
 The Canadian market had a growth of $295 million in computer equipment and industrial machinery from Massachusetts. Reductions were evident in Europe as exports of electronic equipment to Germany fell $139 million, and instrumentation products exported to the Netherlands declined by $100 million. After falls of 6.9 percent during 1989-1990, exports to Japan rose slightly by one percent.
 Massport Trade Development Unit Director Andrew Bendheim noted, "We may gain a little in one market, and lose some in another, but our strategy has been to keep competing globally. More and more companies are seeing the value of exporting, joining the 600 firms we are currently working with. The research and data tells us where there are opportunities for New England firms, and we work with them to take advantage of those exporting possibilities."
 TOP 10 DESTINATIONS
 PERCENT OF
COUNTRY 1991 FIGURE INCREASE 1990-91
Total All Countries 11,891,432,633 2.6
Canada 2,609,498,721 17.7
Japan 1,400,633,141 0.9
United Kingdom 1,113,835,149 -5.8
Fed. Rep. of Germany 1,033,447,256 -16.3
Netherlands 607,478,269 -20.7
France 495,486,691 -0.4
Republic of Korea 415,450,624 20.4
China (Taiwan) 357,674,117 26.5
Australia 338,676,685 8.8
Italy 319,881,967 -4.5
 MASSACHUSETTS 1991 EXPORTS


TOP 10 INDUSTRIES
 PERCENT OF
INDUSTRY 1991 FIGURE INCREASE 1990-91
Total All Industries 11,891,432,633 2.6


Industrial machinery,
 computer equipment 4,460,085,434 4.1


Electronic, electric equipment
 exc. compu. 2,167,372,161 6.7
Instruments and related products 1,796,899,213 -4.0
Fabricated metal products 565,600,762 23.2
Chemicals and allied products 490,303,304 2.2
Transporation equipment 352,205,403 -12.6
Primary metal industries 216,525,092 18.5
Textile mill products 199,510,625 13.4
Rubber and miscellaneous products 196,704,632 -8.1
Paper and allied products 194,032,653 -4.4


Prepared by: Massachusetts Port Authority, Trade Development Unit Source: Adjustment to data from U.S. Census Bureau, Foreign Trade

Division by MISER.
 -0- 4/3/92
 /CONTACT: Andrew Bendheim of Massport, 617-439-5560, or Stephen Coelen of MISER, 413-545-3460/ CO: Massport ST: Massachusetts IN: SU:


TM -- NE010 -- 4949 04/03/92 15:35 EST
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Date:Apr 3, 1992
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