Illinois sold $65 billion in products globally last year

With May designated "World Trade Month," Gov. Bruce Rauner recently pointed out that the state sold $65 billion worth of manufactured products globally last year and leads the Midwest in exports.

With May designated "World Trade Month," Gov. Bruce Rauner recently pointed out that the state sold $65 billion worth of manufactured products globally last year and leads the Midwest in exports. 

“The global market poses significant potential for Illinois businesses and the state economy as a whole,” Rauner said in a statement. “Illinois export growth has greatly outpaced the national average, and I am proud of the work our team has done to cultivate that success. We will continue to market Illinois goods and services abroad, and help our businesses expand their international presence.”


Gov. Bruce Rauner  

More than 95 percent of the world's consumers live outside the U.S., but less than 1 percent of the U.S. companies currently export, according to the governor's office. 

Also, Illinois ranks fifth in the U.S. for exporting and the state's exporting growth has outpaced the national average by almost 31 percent. 

As part of the state's efforts to continue to capitalize on exporting, the Illinois Department of Commerce & Economic Opportunity's Office of International Trade and Investment (OTI) has partnered with the Illinois Small Business Development Center - International Trade Center network to promote export training and provide tools for small businesses. 

The OTI has scheduled four trade missions in May to Canada, China, Nigeria and South Africa to help small businesses network with international distributors, agents and buyers. 

 

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