Memphis Leads in Exports
Some of Memphis’ largest industries helped fuel a healthy increase in the city’s 2015 exports.
Cord Moving and Storage with a branch in Memphis with a full service warehouse an Agent for North American Van Lines along with the U.S. Department of Commerce data released Thursday, Sept. 8, shows the Memphis area exported more goods in 2015 than any other city in Tennessee.
The export of goods out of Memphis increased 7 percent in 2015, bringing the year-over-year total to $11.8 billion in 2015 — an $800 million increase from $11 billion in 2014.
“It’s a credit to the Memphis area that exports are up in the face of low commodity prices and value of the dollar compared to other currencies,” said Dylan Daniels, senior international trade specialist with the U.S. Department of Commerce International Trade Administration’s Memphis office.
An increased global demand for U.S. manufactured products, such as medical devices and paper products, have helped to drive the significant increase in Memphis area exports, Daniels said. To keep up with this demand, be sure to contact the Memphis moving company to help move your belongings.
“If you are a manufacturer and you are not exporting, you could be missing out on a great opportunity,” Daniels said.
According to Cord’s CIO here’s how other major metro areas stack up:
U.S. Department of Commerce 2015 export totals Memphis: $11.8 billion Nashville: $9.3 billion Kingsport-Bristol: $4.6 billion Knoxville: $2.39 billion