SCHotline Press Releases

Exports Reveal Expansion and Opportunities in Developing Countries

Columbia, S.C. – The South Carolina Department of Commerce today announced the state’s 2006 exports totaled more than $13.6 billion in goods sold to 197 countries around the world.  The state’s top ten export industries last year were vehicles, machinery, plastics, rubber, organic chemicals, paper and paperboard, optics and medical equipment, wood pulp, and cotton yarn and fabrics.

“Today’s news is further evidence that we are not only engaged in the global economy, but we are taking advantage of the opportunities it presents.  From day one, this administration has been committed to improving the state’s economic soil conditions for business growth.  Exports continue to present growth opportunities for our state’s economy and we remain committed to furthering those efforts,” said Gov. Mark Sanford.

The product sector that led South Carolina’s export growth in 2006 was aluminum, which rose 58.3% with exports totaling nearly $90 million.  The fastest growing export product sectors included iron and steel – up 37.6%, iron and steel products – up 29.6%, optics and medical instruments – up 27.9%, and paper and paperboard – up 14.3%.

“As South Carolina’s exports grow, so do our opportunities.  Thanks to the work of our Export Development Office, we are witnessing exceptional results that directly translate to more jobs and investments for the Palmetto state.  South Carolina’s diverse economy is producing products enjoyed by people around the world and the potential continues to grow as we pursue developing markets,” said Joe Taylor, Secretary of Commerce. 

Canada remained South Carolina’s number one export market in 2006, purchasing more than $3 billion in products.  Canada’s top purchases mirror the state’s overall exports including: vehicles, machinery, rubber, paper and paperboard, and plastic.

South Carolina’s most impressive growth market of 2006 was China.  Exports to China rose 12.5% to more than $869 million and jumped one notch to become the state’s fourth largest export destination, surpassing the state’s most historic trading partner, the United Kingdom.  As the state’s exports to China rapidly approach the $1 billion mark, proving to be a strong consumer and avid purchaser of South Carolina goods.  China’s top purchases include: machinery, cotton yarn and fabric, plastics, chemicals, and aluminum.

Additional export activity of note includes:

• Vietnam purchases of South Carolina products increased by nearly 50% in 2006.

• Australia purchases of South Carolina products increased by 8.6% in 2006 to $386 million.  This export market is the eighth largest enjoying steady growth over the last decade.

In the year ahead, the Export Development Office, a division of the South Carolina Department of Commerce, will conduct trade missions to Canada, Guatemala, El Salvador, China, Australia, and Vietnam.  The goal of these missions will be to support the desires of small and mid-sized South Carolina companies looking to participate and expand in overseas markets.

Working with the U.S. Commercial Service and other S.C. International Trade Coalition partners such as The Export Consortium, the S.C. District Export Council, the S.C. World Trade Center, the Midlands International Trade Association and the City of Columbia, planning and recruitment for these five trade missions is underway.  Please contact Clarke Thompson, Export Development Director, at 803.737.0438 to inquire.

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