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Success Stories

STEP Grant Tennessee

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Tennessee Exports

In 2023, Tennessee exported a record $38.1 billion of goods to the world. In 2021, exports from Tennessee supported an estimated 119 thousand jobs.

Exports from Tennessee and Jobs

  • Tennessee was the 16th largest state exporter of goods in 2023.
  • In 2023, Tennessee goods exports were $38.1 billion, an increase of 17 percent ($5.6 billion) from its export level in 2013 (latest data available).
  • Goods exports accounted for 7.3 percent of Tennessee GDP in 2023 (latest data available).
  • Tennessee goods exports in 2021 (latest data available) supported an estimated 119 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Tennessee and Jobs

  • In 2023, Tennessee exported $35.7 billion of manufactured products.
  • Tennessee exports of manufactured products supported an estimated 108 thousand jobs in 2021 (latest data available).
  • The state's largest manufacturing export category is computer and electronic products, which accounted for $7.5 billion of Tennessee's total goods exports in 2023.
  • Other top manufacturing exports are transportation equipment ($6.1 billion), chemicals ($5.2 billion), miscellaneous manufactured commodities ($4.9 billion), and machinery, except electrical ($3.1 billion).

Exports Sustain Thousands of Tennessee Businesses many of which are SMEs

  • A total of 7,268 companies exported from Tennessee locations in 2022 (latest data available). Of those, 5,981 (82 percent) were small and medium sized enterprises with fewer than 500 employees.
  • Small and medium-sized firms generated 16.7 percent of Tennessee's total exports of goods in 2022.

Tennessee Depends on World Markets

  • The state’s largest market was Canada. Tennessee exported $8.8 billion in goods to Canada in 2023, representing 23 percent of the state’s total goods exports.
  • Canada was followed by Mexico ($6.1 billion), China ($3.0 billion), Netherlands ($2.3 billion), and Japan ($2.1 billion).
  • 50 percent of Tennessee’s goods exports ($19.0 billion) in 2023 went to current FTA partners.
Tennessee’s Exports to Major World Areas 2023 Value
APEC $25.7 billion
Asia $11.1 billion
European Union $6.7 billion
South/Central America and Caribbean $2.8 billion
Sub-Saharan Africa  $375 million

Agriculture in Tennessee depends on Exports

  • Tennessee is the country’s 26th largest agricultural exporting state, shipping $2.2 billion in domestic agricultural exports abroad in 2022 (latest data available according to the U.S. Dept. of Agriculture).
Top Agricultural Exports 2022 Value 2022 State Rank
Soybeans $605 million 16
Cotton $347 million 9
Other plant products $243 million 22
Corn $142 million 19
Wheat $116 million 19

Tennessee’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Tennessee recorded goods exports: Nashville-Davidson-Murfreesboro-Franklin ($9.3 billion), Kingsport-Bristol ($6.7 billion), Knoxville ($3.9 billion), Cleveland ($622.8 million), Johnson City ($469.9 million), and Morristown ($440.6 million).

Company Success Story

The American-Marsh Pump Group (AMP) has been able to grow sales internationally by relying on the help and guidance from the Department of Commerce in Memphis, Tennessee. With the department's help and knowledge AMP now know which regions around the globe to concentrate on. Being a small business and having the expertise of this branch of government has been instrumental in the international growth of AMP.

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Funded in part through a Grant with the U.S. Small Business Administration

 

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