The export potential of Tenth District states

Abstract

After collapsing during the financial and economic crisis, exports have grown rapidly in the nation and across much of the Tenth Federal Reserve District. Despite some risks, most economic forecasts for national exports point to continued robust growth. An export boom, however, could have disparate effects across the country, given sizable differences in the volume, composition, and trends of state exports. ; Wilkerson and Williams assess the export potential of the Tenth District. They find that future export growth in the district is likely to be strong, although most states are likely to benefit less from the expected boom than the nation as a whole. Most states in the district have smaller export sectors than the nation and slightly less favorable export industry mixes. There are exceptions, though, and most district states have an adequate mix of trading partners. And, as in the past, other factors will play a role in the district’s export potential.