Nearly half of all Arkansas’s exports go to Western Hemisphere countries, according to a new report from the World Trade Center Arkansas. In 2018, Canada was Arkansas’ overall top export destination with over $1.2 billion in goods exported. Likewise, Arkansas’ exports to Mexico increased by 2.3% with respect to 2017, from $851 million to $870 million. In addition, 48% of Arkansas’ agricultural exports to its top five markets go to Western Hemisphere countries. These countries include Mexico at 23%, followed by Canada at 15%, then Haiti at 10%. Canada and Mexico are Arkansas’ largest trading partners by billions of dollars, and trade with the two countries supports more than 120,000 jobs in Arkansas, representing almost 35% of all trade jobs. In 2018, Arkansas’ exports to Canada and Mexico combined amounted to approximately $2 billion in goods and $276 million in services, which together represented about 36% of all Arkansas exports. Recently updated reports by Mexico’s Office of Economic Affairs and the Center reveal how NAFTA has supported Arkansas’ export industry. Trend highlights from these reports include:
Western Hemisphere Receives Nearly Half of Arkansas Exports
Countries of Opportunity
New Reports Compiled