Gov. Brian P. Kemp recently announced that Georgia's 2018 international trade numbers set a new record with exports surpassing $40.5 billion — a 9 percent increase over 2017. Total trade between Georgia and the world spanned 223 countries and territories, reaching a new high at $139.3 billion.
"Trade is a vital part of our state's economy, and it is exciting to see Georgia products in such high demand across the globe. I thank Gov. Perdue and Gov. Deal for prioritizing Georgia's success on the international stage and their commitment to expanding our state's trade industry," Kemp said. "With nearly 90 percent of exporters classified as small businesses, the 2018 trade numbers showcase the strength and diversity of Georgia's economy."
Georgia reclaimed its rank as the 11th largest exporting state in the nation, and in the past decade, Georgia exports have grown by 71 percent. Companies in Georgia exported to 212 unique countries and territories. The top five markets for Georgia products were Canada, Mexico, China, Germany, and Singapore. Imports grew to $98.7 billion in 2018, and Georgia ranks seventh among U.S. states for imports and total trade.
Aerospace remains the leading export industry in Georgia with exports totaling more than $9.1 billion. Among U.S. states, Georgia ranks fifth for aerospace exports. Exports of medical devices and pharmaceuticals grew 13% to a record $1.7 billion. Agricultural exports held steady at $4.2 billion, supported by strong poultry sales and growth in dairy, cotton, and peanut exports.
The Georgia Department of Economic Development's International Trade Division works to bolster Georgia exports and brand the state as a competitive source of products and services. The team provides businesses with the global insight and connections needed to successfully diversify their customer base. Georgia maintains representation in twelve strategic markets, including Brazil, Canada, Chile, China, Colombia, Europe, Israel, Japan, Korea, Mexico, Peru, and the United Kingdom and Ireland. These representatives play a critical role in facilitating international connections that generate economic success. In fact, 60 percent of Georgia exports are sold to markets where the state has a presence.