RHODE ISLAND EXPORTS 2001 Prepared by: MASSACHUSETTS INSTITUTE FOR SOCIAL AND ECONOMIC RESEARCH UNIVERSITY OF MASSACHUSETTS AMHERST A project of: COUNCIL OF STATE GOVERNMENTS / EASTERN REGIONAL CONFERENCE EASTERN TRADE COUNCIL Rhode Island Exports 2001 David Callahan, International Trade Consultant and former Director of Massport International Marketing, and Carla Miller, Senior Trade Programmer at the Massachusetts Institute for Social and Economic Research (MISER) at the University of Massachusetts at Amherst, were the principal analysts and authors of this report. MISER is an interdisciplinary institute at the University of Massachusetts, which conducts research on social, economic, and demographic issues and is internationally known for its research on foreign trade data. Additional information about MISER is available at http://www.umass.edu/miser. Funding for the report was provided by the Eastern Trade Council, an affiliate organization of the Council of State Governments Eastern Regional Conference (CSG/ERC.) The Eastern Trade Council (ETC) was formed in 1998 to enhance cooperation and collaboration in trade development among the CSG/ERC member jurisdictions including: Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island and Vermont. By sharing trade development information, jointly promoting regional products, and collectively advocating for federal trade promotion programs and polices which will benefit the region, ETC strives to strengthen state and regional economic competitiveness in the global marketplace. The Eastern Trade Council contracted with MISER for the creation of export reports on each member state, and for a report on the entire Northeastern region. The authors wish to acknowledge the valuable guidance and support provided by ETC Board Members and ERC staff during the preparation of these reports. Reports for all ten Northeast States are available at the Council of State Governments website, http://www.csgeast.org. Inquiries can be addressed to MISER or CSG/ERC: Carla Miller MISER 128 Thompson Hall University of Massachusetts at Amherst Amherst, MA 01003 Phone: (413) 545-3460 Fax: (413)545-3686 Email: [email protected] Wendell Hannaford Council of State Governments Eastern Regional Conference New York, NY 10048 Phone: (212) 912-0128 Fax: (212) 912-0549 Email: [email protected] Rhode Island Exports 2001 Table of Contents I) Executive Summary II) Introduction Rhode Island, Northeast Region, and U.S. Export Growth 1998-2001….………..1 III) Rhode Island Exports Commodity Performance 1) 2) 3) 4) 5) 6) 7) 8) 9) IV) Export Growth of Leading 2-digit HS Sectors (line and bar chart)…….…………2 Overview of 2-digit HS performance…………....………………………………..3 Top 40 Exports by 2-digit HS, Top 10 Growth and Loss Sectors………………...4 Overview of 6-digit HS performance…………....………………………………..6 Top 40 Exports by 6-digit HS, Top 10 Growth and Loss Sectors………………...7 Top 100 Exports by 6-digit HS, Top 10 Markets of Opportunity………………...9 Highlights of Top 5 HS Chapters by Commodity and Destination……………...13 Top 12 2-digit HS Chapters by Top 10 6-digit HS commodities……… ……….15 Top 12 2-digit HS Chapters by Top 10 Destination Countries….……………….18 Major Destinations for Rhode Island Exports 1) 2) 3) 4) 5) 6) 7) 8) Export Value and Export Growth by Country (maps)…………………………...21 Export Growth by World Region of Destination (line and bar chart)…………...21 Exports by World Region of Destination………………………………………...22 Export Growth by Country of Destination (line and bar chart)…... …………….23 Overview of Rhode Island Markets…...………....……………………….…...…24 Top 40 Exports by Country, Top 10 Growth and Loss Markets………………...26 Top 12 Countries by Top 10 2-digit HS Chapters……………………………….28 Top 12 Countries by Top 10 6-digit HS Commodities…………………………..31 1) 2) 3) 4) 5) 6) 7) Appendix State of Origin of Movement……….…………...……...………………………..34 State of Exporter Location……….……………...……...………………………..34 Under-reporting of State Exports to Mexico…………………………………….34 State Exports by Harmonized System……….……………...……...……………34 State Exports by NAICS and SIC……….……………...……...………………...34 MISER Imputations……….……………...……...………………………………35 Potential Markets of Opportunity Limitations……….……………...……...……35 V) I. EXECUTIVE SUMMARY A diversified product and international market base has enabled Rhode Island to maintain a steady, although slow, upward movement in its export growth. While tech heavy states have been buffeted by the Asian financial crisis in 1997 - 1998 and the IT collapse of 2000-2001, dips in the export performance of Rhode Island‘s high tech sectors have been balanced by gains from sectors like iron and steel, precious metals and jewelry, plastics, glass and glassware, inorganic chemicals, ballpoint pens, and aluminum. The highlights of this year’s Executive Summary are presented below in the form of a SWOT analysis. The report presents data from 2001 and, for a slightly longer term perspective, 1998-2001 as well. It should be noted that the report covers only product exports and does not give consideration to service exports. Strengths • Industrial machinery, including computers, was the state’s leading export industry; far surpassing corresponding US export growth rates in 2000-2001 and 1998-2001. The industry figures were driven by one commodity – postage/franking and similar machines with calculating devices – with gains that more than offset losses in other types of machinery and computers. The commodity figures, in turn, largely follow the fortunes of a single manufacturer, which makes lottery machines. The manufacturers product is highly specialized, which has tended to make it less susceptible to market ebbs and flows and helps lend stability to the state’s export base. • Precious metals and jewelry, Rhode Island’s third largest export industry and another of its most specialized, reported strong growth over the past four years despite a downturn in 2001. • The optic/photo, medical/surgical instrument sector in Rhode Island managed to ride the tide of the high-tech storm in 2000-2001 without sustaining the export losses of counterparts elsewhere in the US and finish 1998-2001 with net export gains nearly double the US average for the industry. • Non high-tech sectors such as iron and steel, plastics, glass and glassware, and aluminum and articles thereof all enjoyed consistent export growth in 1998-2001 and led corresponding US export averages by substantial margins. • Asia was a market of strength for Rhode Island in 1998-2001. Three of the top four growth markets for the state in 1998-2001 were in Asia; namely, Singapore, Taiwan and China. A different set of products led the export gains in each country. • The United Kingdom was Rhode Island’s largest export market in 2000-2001 and 1998-2001. Although a single commodity – lottery machines—accounted for the lion’s share of the state’s exports to the country, all 10 of the state’s leading commodities to the market enjoyed export gains as well. Massachusetts Institute for Social and Economic Research Weaknesses • Electric machinery bore Rhode Island’s heaviest export losses. The losses came in two waves. Parts for electric transformers accounted lost $60 million in exports over 1998-2001. As that commodity began a recovery in 2001, other commodities fell victim to the recession and high-tech collapse. The latter group included transmission apparatus, electrical apparatus for protection to electric circuits, and variable resistors. • Japan was Rhode Island’s biggest loss as an export destination, falling $42.8 million from 1998-2001. Electric machinery accounted for more than 70%of the losses. • Mexico was another market disappointment for Rhode Island. While US exporters overall saw exports expand by 28.5% in Mexico in 1998-2001, the state’s share of exports in the country contracted by 2.9%. Mexico was the state’s top export loss market in 2000-2001. • After Mexico, Canada had the second largest drop in imports from Rhode Island in 2001. Over the past four years, Rhode Island’s exports to Canada declined 5.3 % while US exports gained 6.2%. Opportunities • The dollar dropped about 7% against major currencies worldwide between January and June 2002. The lower dollar will make US products more price competitive and should be a boost to growth in major markets around the world, particularly, Japan, the European Union and Canada. • Returning strength recently in the economies of Singapore and Taiwan should be a boon to already healthy export markets for Rhode Island, particularly in the areas of the electric machinery and instrumentation to feed the tech heavy industries of these countries. • Successful export growth to China by Rhode Island exporters indicates interest and expertise in the market. The recent entry of China into the WTO should create additional opportunities for the state to take advantage of. • Rhode Island’s low level of penetration in markets in Mexico where the US overall is finding strong export opportunities and where the state has competitive manufacturers suggests a proactive promotion campaign may help increase export levels. Supporting this effort, Mexico’s economy is expected to grow by about 1.8% this year. Threats • The potential return of a bull currency could dampen demand for US products, particularly less specialized products for which there are ready substitutes from other markets. • Foot dragging by China on WTO commitments may delay new market opportunities. • Market protection for the steel industry in the US by the Bush administration may lead to countervailing measures in markets like Europe, Japan and China that could create obstacles for the state’s iron and steel sector. Massachusetts Institute for Social and Economic Research II. RHODE ISLAND, NORTHEAST REGION, AND US EXPORT GROWTH 1998-2001 Rhode Island, Northeast Region, and US Annual Export Growth 1998-2001 20.0 15.0 Annual Growth Rate 10.0 United States Northeast Rhode Island 5.0 0.0 1998 1999 2000 2001 -5.0 -10.0 Annual Export Growth Rates 1998 1999 2000 2001 19982001 RI and US Quarterly Indexed Export Growth (Q1 1998 = 100%) 140% Q1 2001 United States -1.0 1.8 12.6 -6.3 7.43 120% Northeast -0.6 1.5 15.8 -4.6 12.19 100% Rhode Island Value Exports ($Billions) 1.3 1.3 6.2 7.0 15.13 80% 1998 United States 680.47 692.82 780.42 731.03 40% Northeast 102.46 104.00 120.47 114.95 20% Rhode Island US RI 1.10 1999 1.12 2000 1.19 2001 1.27 60% 0% Q198 Q199 Q100 Q101 Q102 While the US and the Northeast spike and dip, Rhode Island’s export performance of the past four years has been steady and slowly climbing. Looking at export growth rates for 1998-2001, Rhode’s Island’s slow and steady pace won the race. At the end of the four-year period, Rhode Island exports had grown 15.13% compared to 12.19% for the Northeast and 7.43% for the US. The quarterly line graph shows Rhode Island and US export growth from 1998 to 2001 compared to Q1 1998 which represents 100%. The graph shows Rhode Island generally charting a course slightly ahead of the US, except during the height of the high tech boom in 2000. Rhode Island’s growth peaked one quarter later than the nation’s in Q1 2001 and was followed by a single quarter of decline compared to the nation’s 3 consecutive drops. Finally, Rhode Island’s Q1 2002 exports finished above the state’s Q1 1998 level, while the nation’s finished below. Massachusetts Institute for Social and Economic Research 1 III. RHODE ISLAND EXPORTS COMMODITY PERFORMANCE Rhode Island Exports by 2-Digit HS Commodity Top 5 Sectors 1998-2001 35 30 Industrial Machinery, Including Computers Value in $Millions 25 Electric Machinery Etc; Sound Equip; Tv Equip; Pts Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin Optic, Photo Etc, Medic Or Surgical Instrments Etc Plastics And Articles Thereof 20 15 10 5 0 Jan-98 Jul-98 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 RI AND US EXPORTS BY RELATIVE SHARE OF INDUSTRY IN 2001 AND BY %GROWTH 1998-2001 280% 100% In du st El ria ec lM tri ac c M hi ac ne hi ry ne ,I %Incr 1998-2001 & %Share of Total N nc r y at lu E Et tc di ;S ng c Pe ou C om ar nd ls O pu Eq ,P pt te ui re ic rs p; ,P c Et Tv ho c to E St qu Et on ip c, es ;P M ,P ts ed r ic M O et rS Et ur c; gi C ca oi n l I Pl ns as trm tic e s nt An s Et d c Ar tic le s Th M is er ce eo lla f I ne ro n ou An s M d an St ee uf ac l tu re d Ar G Pa tic la pe ss le r& s An Pa d G pe Ar l a rb ss tic oa w le ar s rd e O & f Iro Ar tic n O le rS s (In te c el Pa pr Pu lp Ar tl) 80% 60% 40% 20% 20% 18% 14% 8% 6% 5% 4% 2% 2% 2% %Share RI Total %Share US Total %Incr RI 1998-01 %Incr US 1998-01 0% -20% -40% Massachusetts Institute for Social and Economic Research 2 Rhode Island Exports by 2-Digit Harmonized System (HS) Commodity Chapters Top 40 HS Chapters, Top 10 Gains and Losses Highlights • The state’s two biggest export industries—industrial machinery, including computers, and electric machinery – followed divergent market tracks. Industrial machinery bucked the tech wreck and recession to climb 80.2% in 1998-2001, far surpassing the corresponding US growth rate of 6.6%. Electric machinery, however, fell victim to the times and dropped 11.9% in 2001 and 22.3% from 1998-2001. The latter percentage translates into a dollar loss of $65 million. • Instrumentation sector exports were slowed in 2001 but still managed a net export gain of 3.8%. Looked at from the 1998-2001 perspective, the industry gained handsomely, advancing 40.2%. • Among the higher earning export sectors, iron and steel had one of the fastest growing export rates, climbing 279.3%, or $42.4 million, from 1998-2002. Glass and glassware as well as plastics and articles thereof also registered strong consistent export growth from 1998-2001. In fact, when comparing the top export growth lists for 2000-2001 and 1998-2001, it is notable that seven of the industries repeat on both lists, demonstrating a consistency of performance for Rhode Island’s leading export sectors. • Outside of electrical machinery, the largest export loss for the state came from the precious metals/jewelry sector. Precious metals/jewelry fell sharply by $28.5 million in 2001 but still recorded a net gain position of $31.7 million for 1998-2001. • Pharmaceuticals also dropped precipitously losing $16.3 million, or 88.8% of its export share, from 1998-2001. The industry began a small comeback in 2001, but not near enough to offset losses from the longer term. • Other substantial export losses come from the second tier of the state’s export industries. These industries include toys, games and sports equipment, copper and articles thereof, articles of iron and steel, and wool and animal hair, including yarn and woven fabric. • Rhode Island’s industries of greatest specialization include precious metals and jewelry of which it exports 1.2% of the US total, iron and steel (1.2%), miscellaneous manufactured articles (4.2%), and glass and glassware (0.8%). Massachusetts Institute for Social and Economic Research 3 Table 1.1 Rhode Island Exports by 2-Digit Harmonized System (HS) Commodity Chapter Top 40 HS Chapters 2001 Dollar Value of Shipments in Millions HS TOTAL ALL HS COMMODITY CHAPTERS 1 84 Industrial Machinery, Including Computers 2 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 3 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 4 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 5 39 Plastics And Articles Thereof 6 72 Iron And Steel 7 96 Miscellaneous Manufactured Articles 8 70 Glass And Glassware 9 73 Articles Of Iron Or Steel 10 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 11 87 Vehicles, Except Railway Or Tramway, And Parts Etc 12 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 13 3 Fish, Crustaceans & Aquatic Invertebrates 14 37 Photographic Or Cinematographic Goods 15 28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 16 83 Miscellaneous Articles Of Base Metal 17 98 Special Classification Provisions, Nesoi 18 40 Rubber And Articles Thereof 19 76 Aluminum And Articles Thereof 20 74 Copper And Articles Thereof 21 52 Cotton, Including Yarn And Woven Fabric Thereof 22 59 Impregnated Etc Text Fabrics; Tex Art For Industry 23 34 Soap Etc; Waxes, Polish Etc; Candles; Dental Preps 24 95 Toys, Games & Sport Equipment; Parts & Accessories 25 54 Manmade Filaments, Including Yarns & Woven Fabrics 26 29 Organic Chemicals 27 55 Manmade Staple Fibers, Incl Yarns & Woven Fabrics 28 82 Tools, Cutlery Etc. Of Base Metal & Parts Thereof 29 33 Essential Oils Etc; Perfumery, Cosmetic Etc Preps 30 49 Printed Books, Newspapers Etc; Manuscripts Etc 31 56 Wadding, Felt Etc; Sp Yarn; Twine, Ropes Etc. 32 94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd 33 80 Tin And Articles Thereof 34 38 Miscellaneous Chemical Products 35 89 Ships, Boats And Floating Structures 36 60 Knitted Or Crocheted Fabrics 37 63 Textile Art Nesoi; Needlecraft Sets; Worn Text Art 38 58 Spec Wov Fabrics; Tufted Fab; Lace; Tapestries Etc 39 51 Wool & Animal Hair, Including Yarn & Woven Fabric 40 75 Nickel And Articles Thereof RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 257.0 96.7 60.4 -8.7 114.3 80.2 6.6 0.2 226.8 -30.8 -11.9 -17.4 -65.0 -22.3 13.0 0.2 181.1 -28.5 -13.6 -4.5 31.7 21.2 22.3 1.2 95.3 3.5 3.8 -1.8 27.3 40.2 23.5 0.2 81.3 8.6 11.8 -4.5 24.5 43.1 18.6 0.3 57.6 18.9 48.7 -4.2 42.4 279.3 15.5 1.2 46.9 5.3 12.9 -10.3 7.9 20.3 -7.2 4.2 30.5 8.4 38.0 -0.9 12.7 71.3 23.3 0.8 24.9 5.2 26.0 -9.1 -5.2 -17.2 -0.9 0.3 21.3 1.8 9.4 -6.1 -1.9 -8.0 4.3 0.2 17.1 -5.0 -22.6 -5.1 -0.9 -5.2 -0.6 0.0 15.2 2.6 20.5 -7.6 -0.8 -5.1 10.1 0.4 13.8 0.6 4.9 7.2 -0.6 -4.5 42.6 0.5 13.3 -0.2 -1.4 -25.1 0.2 1.7 -3.2 0.5 12.6 -1.8 -12.2 3.2 11.4 921.4 15.7 0.2 11.5 -2.6 -18.2 -6.0 -3.1 -21.3 21.2 0.4 11.1 -4.2 -27.3 3.9 -3.5 -23.8 17.2 0.0 10.1 1.7 20.6 -4.2 0.5 5.6 8.0 0.2 9.1 5.3 137.2 -11.0 6.0 194.8 -9.1 0.2 8.7 -3.7 -29.8 -37.9 -5.7 -39.5 4.7 0.4 7.8 -0.4 -5.0 6.5 1.5 23.8 4.5 0.2 7.6 -0.4 -5.6 6.0 -0.4 -5.0 11.5 0.6 7.0 1.1 18.6 2.1 3.2 84.5 19.4 0.3 6.6 -3.0 -31.3 -6.8 -8.4 -56.0 -1.2 0.2 6.2 2.3 56.5 -20.3 -0.2 -3.0 -0.6 0.3 6.2 1.1 21.2 -8.1 0.4 7.7 14.8 0.0 5.5 0.1 2.6 -5.3 1.5 37.0 2.0 0.4 5.0 -0.2 -3.6 -4.6 -1.8 -26.2 6.8 0.2 4.8 -0.3 -5.8 9.8 -2.1 -30.1 24.8 0.1 4.7 0.5 12.8 1.9 1.1 30.9 3.7 0.1 4.5 0.4 9.6 -1.6 1.3 39.3 3.7 0.4 4.4 -0.9 -16.4 -6.7 1.7 65.3 2.9 0.1 4.4 0.0 0.4 -37.0 0.4 10.3 -24.9 6.5 4.2 -0.6 -11.7 -0.6 -2.7 -39.1 11.5 0.0 4.0 0.4 12.3 70.5 -3.5 -46.9 7.1 0.2 3.6 0.2 4.6 17.7 -0.2 -6.1 56.0 0.4 2.9 1.1 65.1 -10.4 1.9 194.9 -8.6 0.3 2.7 -0.3 -10.5 3.9 -1.0 -26.8 35.3 0.3 2.7 -1.6 -37.3 -6.1 -4.4 -61.6 -4.0 2.2 2.1 0.8 59.8 18.8 0.8 57.2 30.3 0.3 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 4 Table 1.2 Rhode Island Exports by 2-Digit Harmonized System (HS) Commodity Chapter Top 10 Gains and Losses 2000-2001 and 1998-2001 HS TOP 10 GROWTH CATEGORIES 2000-2001 1 84 Industrial Machinery, Including Computers 2 72 Iron And Steel 3 39 Plastics And Articles Thereof 4 70 Glass And Glassware 5 96 Miscellaneous Manufactured Articles 6 76 Aluminum And Articles Thereof 7 73 Articles Of Iron Or Steel 8 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 9 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 10 54 Manmade Filaments, Including Yarns & Woven Fabrics 1 2 3 4 5 6 7 8 9 10 HS TOP 10 GROWTH CATEGORIES 1998-2001 84 Industrial Machinery, Including Computers 72 Iron And Steel 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 39 Plastics And Articles Thereof 70 Glass And Glassware 28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 96 Miscellaneous Manufactured Articles 76 Aluminum And Articles Thereof 34 Soap Etc; Waxes, Polish Etc; Candles; Dental Preps HS TOP 10 LOSSES 2000-2001 1 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 2 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 3 87 Vehicles, Except Railway Or Tramway, And Parts Etc 4 98 Special Classification Provisions, Nesoi 5 74 Copper And Articles Thereof 6 95 Toys, Games & Sport Equipment; Parts & Accessories 7 83 Miscellaneous Articles Of Base Metal 8 47 Pulp Of Wood Etc; Waste Etc Of Paper & Paperboard 9 28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 10 51 Wool & Animal Hair, Including Yarn & Woven Fabric 1 2 3 4 5 6 7 8 9 10 HS TOP 10 LOSSES 1998-2001 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 30 Pharmaceutical Products 95 Toys, Games & Sport Equipment; Parts & Accessories 74 Copper And Articles Thereof 73 Articles Of Iron Or Steel 51 Wool & Animal Hair, Including Yarn & Woven Fabric 89 Ships, Boats And Floating Structures 98 Special Classification Provisions, Nesoi 83 Miscellaneous Articles Of Base Metal 38 Miscellaneous Chemical Products RI ($mil) 2001 257.0 57.6 81.3 30.5 46.9 9.1 24.9 95.3 15.2 6.2 RI ($mil) 2001 257.0 57.6 181.1 95.3 81.3 30.5 12.6 46.9 9.1 7.0 RI ($mil) 2001 226.8 181.1 17.1 11.1 8.7 6.6 11.5 0.1 12.6 2.7 RI ($mil) 2001 226.8 2.0 6.6 8.7 24.9 2.7 4.0 11.1 11.5 4.2 RI 00-01 INCR ($mil) 96.7 18.9 8.6 8.4 5.3 5.3 5.2 3.5 2.6 2.3 RI 00-01 INCR ($mil) 96.7 18.9 -28.5 3.5 8.6 8.4 -1.8 5.3 5.3 1.1 RI 00-01 INCR ($mil) -30.8 -28.5 -5.0 -4.2 -3.7 -3.0 -2.6 -2.1 -1.8 -1.6 RI 00-01 INCR ($mil) -30.8 0.3 -3.0 -3.7 5.2 -1.6 0.4 -4.2 -2.6 -0.6 RI 00-01 %INCR 60.4 48.7 11.8 38.0 12.9 137.2 26.0 3.8 20.5 56.5 RI 00-01 %INCR 60.4 48.7 -13.6 3.8 11.8 38.0 -12.2 12.9 137.2 18.6 RI 00-01 %INCR -11.9 -13.6 -22.6 -27.3 -29.8 -31.3 -18.2 -93.7 -12.2 -37.3 RI 00-01 %INCR -11.9 17.8 -31.3 -29.8 26.0 -37.3 12.3 -27.3 -18.2 -11.7 US 00-01 %INCR -8.7 -4.2 -4.5 -0.9 -10.3 -11.0 -9.1 -1.8 -7.6 -20.3 US 00-01 %INCR -8.7 -4.2 -4.5 -1.8 -4.5 -0.9 3.2 -10.3 -11.0 2.1 US 00-01 %INCR -17.4 -4.5 -5.1 3.9 -37.9 -6.8 -6.0 -20.0 3.2 -6.1 US 00-01 %INCR -17.4 18.8 -6.8 -37.9 -9.1 -6.1 70.5 3.9 -6.0 -0.6 RI 98-01 INCR ($mil) 114.3 42.4 24.5 12.7 7.9 6.0 -5.2 27.3 -0.8 -0.2 RI 98-01 INCR ($mil) 114.3 42.4 31.7 27.3 24.5 12.7 11.4 7.9 6.0 3.2 RI 98-01 INCR ($mil) -65.0 31.7 -0.9 -3.5 -5.7 -8.4 -3.1 -0.7 11.4 -4.4 RI 98-01 INCR ($mil) -65.0 -16.3 -8.4 -5.7 -5.2 -4.4 -3.5 -3.5 -3.1 -2.7 RI 98-01 %INCR 80.2 279.3 43.1 71.3 20.3 194.8 -17.2 40.2 -5.1 -3.0 RI 98-01 %INCR 80.2 279.3 21.2 40.2 43.1 71.3 921.4 20.3 194.8 84.5 RI 98-01 %INCR -22.3 21.2 -5.2 -23.8 -39.5 -56.0 -21.3 -83.2 921.4 -61.6 RI 98-01 %INCR -22.3 -88.8 -56.0 -39.5 -17.2 -61.6 -46.9 -23.8 -21.3 -39.1 US 98-01 %INCR 6.6 15.5 18.6 23.3 -7.2 -9.1 -0.9 23.5 10.1 -0.6 US 98-01 %INCR 6.6 15.5 22.3 23.5 18.6 23.3 15.7 -7.2 -9.1 19.4 US 98-01 %INCR 13.0 22.3 -0.6 17.2 4.7 -1.2 21.2 8.2 15.7 -4.0 US 98-01 %INCR 13.0 65.6 -1.2 4.7 -0.9 -4.0 7.1 17.2 21.2 11.5 RI AS % US 2001 0.2 1.2 0.3 0.8 4.2 0.2 0.3 0.2 0.4 0.3 RI AS % US 2001 0.2 1.2 1.2 0.2 0.3 0.8 0.2 4.2 0.2 0.3 RI AS % US 2001 0.2 1.2 0.0 0.0 0.4 0.2 0.4 0.0 0.2 2.2 RI AS % US 2001 0.2 0.0 0.2 0.4 0.3 2.2 0.2 0.0 0.4 0.0 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 5 Rhode Island Exports by 6-digit Harmonized System Commodities Highlights of Tables 2.1 and 2.2 Top 40 Commodities, Top 10 Gains and Losses • • • • • • • At the six-digit level we see that Rhode Island’s industrial machinery sector is dominated heavily by one commodity group -- postage-franking machines and similar machines with calculating devices. If we were to take this commodity down to the 10digit level, we would see that it also includes lottery machines, which is a product of one of Rhode Island’s leading manufacturers. The strength of this sector largely reflects the international success of that company. Ferrous waste and scrap and waste and scrap gold account for another substantial gain in Rhode Island’s export growth. The waste and scrap gold shipments are comprised primarily of residuals of precious metals from jewelry manufacturing and are handled by a regional consolidator located in the state. Other products from the jewelry industry that rank among Rhode Island’s leading export commodities include unwrought silver and other imitation jewelry. The latter commodity faltered in 2001 but still notched a net gain from 1998-2001. It is possible at the six-digit level to see winners in otherwise slumping industries. Such is the case with static converters; adp power supplies. While other commodities in the electric machinery sector fell over the past four years, static converters; adp power supplies made consistent advances, growing 42.6% from 1998-2001. Among those commodities in the electric machinery sector that took the biggest hit were parts for electric transformers/static converter inductors and electronic monolithic integrated circuits. From the jewelry sector, unwrought non-monetary gold lost 88.6% of its export markets from 1998-2001. Parts and accessories for adp machines and units was another substantial export loss for the state, falling $16.8 million in 1998-2001, or 82% of its previous export market. Massachusetts Institute for Social and Economic Research 6 Table 2.1 Rhode Island Exports by 6-Digit Harmonized System (HS) Commodities Top 40 Commodities Dollar Value of Shipments in Millions 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 HS TOTAL ALL HS6 COMMODITIES 847090 Postage-Franking & Similar Mach With Calcltng Dvce 850440 Static Converters; Adp Power Supplies 711210 Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls 720449 Ferrous Waste & Scrap Nesoi 711290 Waste And Scrap Of Precious Metal Nesoi 711719 Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd 960810 Ball Point Pens 854214 Monolithic Digital Integ Circuits,Bipolar Tchnolgy 903180 Meas & Checkng Instrument, Appliances & Mach Nesoi 711319 Jewelry And Parts Thereof, Of Oth Precious Metal 850490 Pts For Elect Transformers Static Converters Indct 392690 Articles Of Plastics, Nesoi 370790 Chem Prep,Photo Use, Meas/Rtl Sale, Nesoi 701810 Glss Beads Imit Prls Prc/Smprc St Etc;Art Nt Jwlry 847160 Adp Input Or Output Units, Storage Or Not, Nesoi 731700 Nails, Tacks, Drawing Pins Etc Of Iron Or Steel 392062 Plates Etc, Noncell Etc, Polyethylene Terephthlate 847990 Pts Of Mach/Mechncl Appl W Indvdul Function Nesoi 283719 Cyanides And Cyanide Oxides, Nesoi 854411 Insulated Winding Wire Of Copper 700239 Tubes Of Glass Nesoi, Unworked 847989 Mach & Mechanical Appl W Individual Function Nesoi 710691 Silver, Unwrought Nesoi 390422 Polymers Nesoi Of Polyvinyl Chloride, Plasticized 854213 Metal Oxide Semiconductors(Mos),Mono Digital Integ 846719 Pneumatic Ex Rotary Type Tools For Work In Hand 830520 Staples In Strips, Of Base Metal 847329 Parts For Mach,Nesoi, Incorp Calculating Device 320415 Vat Dyes & Preparations Based Thereon 722300 Wire Of Stainless Steel 711011 Platinum, Unwrought Or Powder 903039 Inst Meas Volt Crrnt Etc W-Out Rcrdng Dvce, Mltmtr 900490 Spectacles, Etc, Corrective, Protective, Nesoi 392350 Stoppers, Lids, Caps & Other Closures, Of Plastic 760200 Aluminum Waste And Scrap 711790 Imitation Jewelry Not Of Base Metal 481190 Paper, Paperbd, Cellulose Wadd Etc, Coat Etc Nesoi 902790 Pts Of Inst, Phys/Chem Analysis Etc, Nesoi 903210 Thermostats 852520 Transmission Appr Incorporating Reception Apparats RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 132.9 107.8 428.4 151.8 132.5 29,079.6 571.1 70.8 87.8 9.8 12.6 -8.7 26.2 42.6 23.6 4.7 47.6 13.0 37.4 -33.2 21.7 84.0 26.5 10.0 42.6 19.9 87.8 31.8 37.3 704.2 26.3 8.9 38.0 -6.2 -14.1 11.2 -7.8 -17.1 88.4 8.9 29.6 -7.1 -19.5 -16.0 11.6 64.6 8.4 36.3 24.2 2.5 11.6 -11.7 11.7 93.8 -34.3 18.6 24.1 7.5 45.4 -32.4 -8.8 -26.9 -55.9 2.7 18.3 4.6 34.0 0.4 8.2 80.9 7.6 1.8 17.6 -1.4 -7.4 80.1 7.0 66.2 102.7 0.9 15.5 4.3 38.2 3.5 -60.0 -79.5 24.6 1.7 13.5 5.5 69.5 -9.9 7.3 116.9 35.9 0.4 13.1 -0.1 -1.1 -15.2 1.1 9.6 -8.3 3.1 12.9 8.1 169.3 105.2 11.5 821.3 189.5 56.1 11.2 3.1 38.1 -7.4 -0.7 -5.9 2.4 0.3 11.0 7.1 183.3 4.4 3.7 50.7 4.8 20.5 10.8 0.5 5.2 -19.1 8.6 392.5 -0.6 3.0 10.4 -2.5 -19.1 -19.1 -0.3 -2.5 22.5 0.4 10.0 2.5 33.9 1.3 9.5 1,857.2 285.3 32.8 9.4 0.8 9.9 -6.0 1.3 16.3 -3.3 2.4 9.2 -0.4 -4.6 -11.1 5.6 153.8 12.1 16.1 8.6 1.1 14.9 -40.0 3.2 60.9 23.5 0.2 8.4 7.9 1,713.0 86.9 8.2 3,915.4 -77.4 7.0 8.2 -1.4 -14.5 135.1 1.4 20.9 176.5 2.1 7.8 2.8 55.5 -27.6 3.1 66.7 21.3 0.0 7.6 -0.6 -7.0 22.1 1.3 20.8 39.5 7.2 7.3 0.3 4.3 -19.6 0.7 10.9 -0.4 34.3 7.3 -3.0 -28.9 -12.2 6.5 774.3 -9.0 3.2 6.5 1.7 35.1 -16.0 0.6 10.5 -20.6 42.2 6.4 -1.4 -18.3 16.1 -0.8 -11.2 82.0 8.7 6.3 0.3 5.3 5.0 4.3 221.8 13.7 2.1 6.2 4.0 180.1 -11.1 4.7 319.3 0.1 1.1 6.1 0.6 10.7 13.6 2.0 49.6 21.5 6.5 6.0 0.3 4.7 6.6 2.0 48.0 49.6 1.6 6.0 5.1 600.5 -9.2 5.5 1,112.9 27.9 1.3 5.9 -0.2 -4.0 4.4 -5.7 -49.2 -9.7 10.7 5.7 -1.3 -18.7 10.9 -7.7 -57.7 36.1 1.7 5.5 4.5 438.6 12.0 5.4 3,343.9 36.5 0.7 5.3 -8.1 -60.3 -5.3 -2.5 -32.3 11.1 3.1 5.3 -1.9 -26.0 -18.3 2.4 85.2 -7.3 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 7 Table 2.2 Rhode Island Exports by 6-Digit Harmonized System (HS) Commodities Top 10 Gains and Losses 2000-2001 and 1998-2001 HS TOP 10 GROWTH CATEGORIES 2000-2001 1 847090 Postage-Franking & Similar Mach With Calcltng Dvce 2 720449 Ferrous Waste & Scrap Nesoi 3 711210 Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls 4 850440 Static Converters; Adp Power Supplies 5 701810 Glss Beads Imit Prls Prc/Smprc St Etc;Art Nt Jwlry 6 710691 Silver, Unwrought Nesoi 7 854214 Monolithic Digital Integ Circuits,Bipolar Tchnolgy 8 731700 Nails, Tacks, Drawing Pins Etc Of Iron Or Steel 9 392690 Articles Of Plastics, Nesoi 10 760200 Aluminum Waste And Scrap 1 2 3 4 5 6 7 8 9 10 HS TOP 10 GROWTH CATEGORIES 1998-2001 847090 Postage-Franking & Similar Mach With Calcltng Dvce 720449 Ferrous Waste & Scrap Nesoi 850440 Static Converters; Adp Power Supplies 711210 Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls 960810 Ball Point Pens 711719 Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd 701810 Glss Beads Imit Prls Prc/Smprc St Etc;Art Nt Jwlry 283719 Cyanides And Cyanide Oxides, Nesoi 392062 Plates Etc, Noncell Etc, Polyethylene Terephthlate 710691 Silver, Unwrought Nesoi HS TOP 10 LOSSES 2000-2001 1 854230 Electronic Monolithic Integrated Circuit,N.E.S.O.I 2 710812 Gold, Nonmonetary, Unwrought Nesoi 3 903210 Thermostats 4 711719 Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd 5 854290 Electronic Integrated Circuits And Mcrssmbls Parts 6 711290 Waste And Scrap Of Precious Metal Nesoi 7 870831 Mounted Brake Linings For Motor Vehicles 8 854459 Elec Cond Ov 80v Nov 1000v Not Fitted W Connector 9 980900 Exports Valued Not Over $10,000, Not Indentified 10 901490 Pts, For Direct Find Compasses, Navigational Inst 1 2 3 4 5 6 7 8 9 10 HS TOP 10 LOSSES 1998-2001 850490 Pts For Elect Transformers Static Converters Indct 847330 Parts & Accessories For Adp Machines & Units 710812 Gold, Nonmonetary, Unwrought Nesoi 854230 Electronic Monolithic Integrated Circuit,N.E.S.O.I 854214 Monolithic Digital Integ Circuits,Bipolar Tchnolgy 844250 Print Type, Blocks, Cylinders Etc For Print Purpse 711290 Waste And Scrap Of Precious Metal Nesoi 481190 Paper, Paperbd, Cellulose Wadd Etc, Coat Etc Nesoi 854459 Elec Cond Ov 80v Nov 1000v Not Fitted W Connector 392020 Plates, Sheets Etc, Non-Cell Etc, Polymr Propylene RI ($mil) 2001 132.9 42.6 47.6 87.8 12.9 8.4 24.1 11.0 13.5 6.0 RI ($mil) 2001 132.9 42.6 87.8 47.6 24.2 29.6 12.9 10.0 10.8 8.4 RI ($mil) 2001 3.2 2.1 5.3 29.6 1.7 38.0 5.2 1.2 3.0 1.3 RI ($mil) 2001 15.5 3.7 2.1 3.2 24.1 0.0 38.0 5.7 1.2 3.8 RI 00-01 INCR ($mil) 107.8 19.9 13.0 9.8 8.1 7.9 7.5 7.1 5.5 5.1 RI 00-01 INCR ($mil) 107.8 19.9 9.8 13.0 2.5 -7.1 8.1 2.5 0.5 7.9 RI 00-01 INCR ($mil) -34.2 -26.6 -8.1 -7.1 -6.8 -6.2 -5.3 -4.3 -4.3 -3.9 RI 00-01 INCR ($mil) 4.3 -1.3 -26.6 -34.2 7.5 0.0 -6.2 -1.3 -4.3 -1.0 RI 00-01 %INCR 428.4 87.8 37.4 12.6 169.3 1,713.0 45.4 183.3 69.5 600.5 RI 00-01 %INCR 428.4 87.8 12.6 37.4 11.6 -19.5 169.3 33.9 5.2 1,713.0 RI 00-01 %INCR -91.5 -92.6 -60.3 -19.5 -80.5 -14.1 -50.5 -78.0 -58.8 -74.2 RI 00-01 %INCR 38.2 -26.7 -92.6 -91.5 45.4 418.5 -14.1 -18.7 -78.0 -20.6 US 00-01 %INCR 151.8 31.8 -33.2 -8.7 105.2 86.9 -32.4 4.4 -9.9 -9.2 US 00-01 %INCR 151.8 31.8 -8.7 -33.2 -11.7 -16.0 105.2 1.3 -19.1 86.9 US 00-01 %INCR -16.8 -19.5 -5.3 -16.0 -41.3 11.2 11.4 -7.7 -49.2 6.3 US 00-01 %INCR 3.5 -18.7 -19.5 -16.8 -32.4 -10.4 11.2 10.9 -7.7 4.2 RI 98-01 INCR ($mil) 132.5 37.3 21.7 26.2 11.5 8.2 -8.8 3.7 7.3 5.5 RI 98-01 INCR ($mil) 132.5 37.3 26.2 21.7 11.7 11.6 11.5 9.5 8.6 8.2 RI 98-01 INCR ($mil) -15.2 -16.5 -2.5 11.6 0.6 -7.8 -3.9 -6.8 -1.6 -2.9 RI 98-01 INCR ($mil) -60.0 -16.8 -16.5 -15.2 -8.8 -8.5 -7.8 -7.7 -6.8 -6.5 RI 98-01 %INCR 29,079.6 704.2 84.0 42.6 821.3 3,915.4 -26.9 50.7 116.9 1,112.9 RI 98-01 %INCR 29,079.6 704.2 42.6 84.0 93.8 64.6 821.3 1,857.2 392.5 3,915.4 RI 98-01 %INCR -82.6 -88.6 -32.3 64.6 62.4 -17.1 -42.6 -84.8 -34.3 -68.3 RI 98-01 %INCR -79.5 -82.0 -88.6 -82.6 -26.9 -99.7 -17.1 -57.7 -84.8 -62.8 US 98-01 %INCR 571.1 26.3 26.5 23.6 189.5 -77.4 -55.9 4.8 35.9 27.9 US 98-01 %INCR 571.1 26.3 23.6 26.5 -34.3 8.4 189.5 285.3 -0.6 -77.4 US 98-01 %INCR 31.6 -14.8 11.1 8.4 -9.6 88.4 78.8 17.8 -38.4 21.2 US 98-01 %INCR 24.6 3.1 -14.8 31.6 -55.9 -15.6 88.4 36.1 17.8 18.3 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 8 RI AS % US 2001 70.8 8.9 10.0 4.7 56.1 7.0 2.7 20.5 0.4 1.3 RI AS % US 2001 70.8 8.9 4.7 10.0 18.6 36.3 56.1 32.8 3.0 7.0 RI AS % US 2001 0.0 0.1 3.1 36.3 0.1 8.9 2.7 0.2 0.3 0.6 RI AS % US 2001 1.7 0.0 0.1 0.0 2.7 0.0 8.9 1.7 0.2 1.0 Rhode Island’s Top 100 Export Commodities, Top 10 Potential Markets of Opportunity Description of Table 2.3 Among the state’s top 100 products exported, Rhode Island’s export growth to the world is frequently higher than US growth to the world. Also, Rhode Island has very high specialization in many of its leading products for export. However, the countries listed in table 2.3 for each of Rhode Island’s top 100 export commodities may represent additional opportunities for Rhode Island. The countries represent the top 10 growth markets for the US (by dollar increase 1998-2001) where Rhode Island’s percent growth was less than 50% of US growth or where Rhode Island’s share of total US exports of the commodity to the country is less than 50% of its share of total US exports of the commodity to the world.1 As an example, Rhode Island has extremely high export growth and specialization in postage franking/ticket issuing machinery. Nevertheless, in certain markets including in Canada, Poland, Korea, Peru, Colombia, Hong Kong, Russia, Germany, Jamaica, and Luxembourg, other states have grown twice as fast or have double the market penetration. 1 The list of top 10 countries is intended as a starting point for evaluating potential markets. See appendix for list of limitations. Massachusetts Institute for Social and Economic Research 9 Table 2.3 Rhode Island Top 100 Export Commodities: Top 10 Potential Markets of Opportunity Rhode Island's Top 100 Export Commodities 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Postage-Franking & Similar Mach With Calcltng Dvce Static Converters; Adp Power Supplies Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls Ferrous Waste & Scrap Nesoi Waste And Scrap Of Precious Metal Nesoi Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd Ball Point Pens Monolithic Digital Integ Circuits,Bipolar Tchnolgy Meas & Checkng Instrument, Appliances & Mach Nesoi Jewelry And Parts Thereof, Of Oth Precious Metal Pts For Elect Transformers Static Converters Indct Articles Of Plastics, Nesoi Chem Prep,Photo Use, Meas/Rtl Sale, Nesoi Glss Beads Imit Prls Prc/Smprc St Etc;Art Nt Jwlry Adp Input Or Output Units, Storage Or Not, Nesoi Nails, Tacks, Drawing Pins Etc Of Iron Or Steel Plates Etc, Noncell Etc, Polyethylene Terephthlate Pts Of Mach/Mechncl Appl W Indvdul Function Nesoi Cyanides And Cyanide Oxides, Nesoi Insulated Winding Wire Of Copper Tubes Of Glass Nesoi, Unworked Mach & Mechanical Appl W Individual Function Nesoi Silver, Unwrought Nesoi Polymers Nesoi Of Polyvinyl Chloride, Plasticized Metal Oxide Semiconductors(Mos),Mono Digital Integ Pneumatic Ex Rotary Type Tools For Work In Hand Staples In Strips, Of Base Metal Parts For Mach,Nesoi, Incorp Calculating Device Vat Dyes & Preparations Based Thereon Wire Of Stainless Steel Platinum, Unwrought Or Powder Inst Meas Volt Crrnt Etc W-Out Rcrdng Dvce, Mltmtr Spectacles, Etc, Corrective, Protective, Nesoi Stoppers, Lids, Caps & Other Closures, Of Plastic RI 2001 RI US RI as Potential Markets of Opportunity for Rhode Island ($Mil) %98-01 %98-01 %US (Top US growth markets 1998-2001 where RI growth or market penetration was low relative to US) 132.9 29,079.6 571.1 70.8 Canada, Poland, Korea, Peru, Colombia, Hong Kong, Russia, Germany, Jamaica, Luxembourg 87.8 42.6 23.6 4.7 Canada, Japan, China, Finland, Malaysia, Germany, UK, Hong Kong, Ghana, Korea 47.6 84.0 26.5 10.0 UK, Switzerland, Guatemala, Turks And Caicos, Austria, Netherlands, Uruguay, Hong Kong, Israel, Poland 42.6 704.2 26.3 8.9 Canada, Indonesia, Greece, Dom Rep, Bahamas, France, Switzerland, Spain, Netherlands, Belgium 38.0 -17.1 88.4 8.9 Canada, UK, Italy, Saudi Arabia, China, Korea, Brazil, Japan, Switzerland, Armenia 29.6 64.6 8.4 36.3 Mexico, Singapore, Dom Rep, UAE, Hong Kong, Germany, Saudi Arabia, Canada, Egypt, Kuwait 24.2 93.8 -34.3 18.6 China, Belgium, Saudi Arabia, Australia, Dom Rep, Uruguay, Vietnam, Portugal, India, Nigeria 24.1 -26.9 -55.9 2.7 Japan, Mexico, Brazil, China, UK, Sweden, Italy, Paraguay, Germany, Belgium 18.3 80.9 7.6 1.8 Mexico, Canada, UAE, Saudi Arabia, Netherlands, Finland, Ireland, Belgium, Norway, Egypt 17.6 66.2 102.7 0.9 Japan, Switzerland, Hong Kong, Dom Rep, France, Israel, Netherlands Antilles, UK, Germany, UAE 15.5 -79.5 24.6 1.7 Mexico, Turkmenistan, Brunei, Germany, Malaysia, Canada, Jamaica, Philippines, Singapore, Finland 13.5 116.9 35.9 0.4 Belgium, UK, Brazil, Malaysia, Australia, Taiwan, Philippines, Korea, China, Honduras 13.1 9.6 -8.3 3.1 Mexico, Germany, China, Belgium, Spain, Italy, France, Malaysia, Australia, Czech Republic 12.9 821.3 189.5 56.1 Japan, Germany, UK, Venezuela, Bahamas, Australia, Malaysia, China, Czech Republic, Guatemala 11.2 -5.9 2.4 0.3 Mexico, Korea, Israel, Malaysia, Thailand, Dom Rep, Uruguay, Hong Kong, Venezuela, India 11.0 50.7 4.8 20.5 Hong Kong, Germany, Japan, UAE, UK, Korea, Sweden, Austria, Switzerland, Saudi Arabia 10.8 392.5 -0.6 3.0 Brazil, Mexico, China, Singapore, Taiwan, Spain, Japan, Thailand, Philippines, Malaysia 10.4 -2.5 22.5 0.4 Korea, Germany, Taiwan, Singapore, France, Thailand, Italy, Netherlands, Austria, Chile 10.0 1,857.2 285.3 32.8 Hong Kong, Belgium, China, Taiwan, Brazil, Netherlands, UK, Bahamas, Australia, Israel 9.4 16.3 -3.3 2.4 UK, Denmark, Brazil, Egypt, Korea, Japan, Philippines, Russia, Australia, Dom Rep 9.2 153.8 12.1 16.1 Japan, Hungary, Germany, Hong Kong, Indonesia, Taiwan, China, Poland, Thailand, Chile 8.6 60.9 23.5 0.2 Korea, Germany, Taiwan, China, UK, Malaysia, Singapore, France, Austria, Poland 8.4 3,915.4 -77.4 7.0 Japan, Korea, Dom Rep, Armenia, Netherlands Antilles, Guatemala, Qatar, Luxembourg, Philippines, Spain 8.2 20.9 176.5 2.1 Egypt, Mexico, China, Dom Rep, New Zealand, Colombia, Australia, Singapore, Costa Rica, Brazil 7.8 66.7 21.3 0.0 Mexico, Taiwan, Philippines, Malaysia, Germany, Portugal, China, Hong Kong, Japan, Brazil 7.6 20.8 39.5 7.2 UK, Belgium, China, France, Denmark, Bolivia, Brazil, Jamaica, Czech Republic, Korea 7.3 10.9 -0.4 34.3 Mexico, Belgium, Sweden, Singapore, Brazil, Israel, Chile, Costa Rica, China, Dom Rep 7.3 774.3 -9.0 3.2 Canada, Mexico, Japan, Thailand, Korea, Hungary, China, Chile, Venezuela, Greece 6.5 10.5 -20.6 42.2 Germany, Singapore, Japan, Netherlands, Australia, Belgium, Greece, Argentina, Jordan, Brazil 6.4 -11.2 82.0 8.7 Mexico, Canada, Japan, UK, Ireland, Brazil, Netherlands, Germany, Saudi Arabia, Sweden 6.3 221.8 13.7 2.1 Germany, Italy, Brazil, Korea, UK, Norway, Netherlands Antilles, Taiwan, Belgium, Thailand 6.2 319.3 0.1 1.1 Japan, China, Canada, Netherlands, Hong Kong, UAE, Australia, Switzerland, Finland, Dom Rep 6.1 49.6 21.5 6.5 Mexico, Australia, Japan, Netherlands, Korea, Italy, Spain, Madagascar, Hong Kong, China 6.0 48.0 49.6 1.6 Mexico, France, Australia, Spain, Italy, S. Africa, Hungary, Taiwan, New Zealand, Israel ■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 10 Table 2.3 (Continued) Rhode Island Top 100 Export Commodities: Top 10 Potential Markets of Opportunity Rhode Island's Top 100 Export Commodities 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 Aluminum Waste And Scrap Imitation Jewelry Not Of Base Metal Paper, Paperbd, Cellulose Wadd Etc, Coat Etc Nesoi Pts Of Inst, Phys/Chem Analysis Etc, Nesoi Thermostats Transmission Appr Incorporating Reception Apparats Direction Finding Compass Gold Powder, Nonmonetary Mounted Brake Linings For Motor Vehicles Soap & Oth Organic Surf Act Prod, Toilet Use, Bars Breathing Appliances & Gas Masks Nesoi; Parts Etc Typewriter Or Similar Ribbons, Inked Etc. Digital Adp Mac & Units,Entered As Systems, Nesoi Apparatus Base On X-Ray For Oth Use,Ex Medical,Etc Fountain Pens,Stylograph Pens And Other Pens,Nesoi Elect Appr F Prtct To Elect Circt Nov 1000 V Nesoi Pts Mach For Work Rubber/Plast/Mfg Rbbr/Plstc Prod Plates, Sheets Etc, Non-Cell Etc, Polymr Propylene Variable Resistors Inc Rheostat & Potntiomtr Nesoi Glass Envelopes, Open, A Parts, W/O Fttngs, Nesoi Portable Electric Lamps Nesoi, Battery Or Magneto Parts & Accessories For Adp Machines & Units Ofc Mach For Automatic Banknote Dispensers, Etc Textl Fabrc,Coatd,Etc,Theatrcl Scenery,Back-Cloths Plates, Sheets, Film Etc, Plastic Nesoi Ncel Nesoi Pt F Elect Appr F Elect Circt; F Elct Contrl Nesoi Pigments & Preparations Based Thereon Machine Parts With No Electric Features Nesoi Pass Veh Spk-Ig Int Com Rcpr P Eng >1500 Nov 3m Cc Phy Chem Ins/Appr;Meas Vscsty & Heat Nesoi Wire Of Iron Or Nonalloy Stl,Not Plated Or Coated Electronic Monolithic Integrated Circuit,N.E.S.O.I Catlysts Plat Wire Cloth Or Grill Form Instr & Appl F Medical Surgical Dental Vet, Nesoi RI 2001 RI US RI as Potential Markets of Opportunity for Rhode Island ($Mil) %98-01 %98-01 %US (Top US growth markets 1998-2001 where RI growth or market penetration was low relative to US) 6.0 1,112.9 27.9 1.3 Korea, Mexico, Germany, UK, Belgium, Bahamas, UAE, Thailand, Peru, Israel 5.9 -49.2 -9.7 10.7 Mexico, Dom Rep, France, Venezuela, Korea, Saudi Arabia, Guadeloupe, Italy, UAE, Lebanon 5.7 -57.7 36.1 1.7 Canada, Hong Kong, China, Taiwan, Belgium, Korea, Chile, Thailand, Ireland, UK 5.5 3,343.9 36.5 0.7 Japan, Netherlands, Canada, China, Korea, France, Spain, Sweden, Ireland, Singapore 5.3 -32.3 11.1 3.1 Mexico, France, Colombia, Netherlands, Portugal, Spain, Hong Kong, Brazil, Australia, Germany 5.3 85.2 -7.3 0.1 Mexico, China, Japan, Algeria, Dom Rep, El Salvador, Romania, Costa Rica, New Zealand, Guatemala 5.3 -25.6 10.1 7.1 Italy, Australia, Korea, Japan, France, Luxembourg, Bahrain, India, Oman, Czech Republic 5.3 3,206.6 5,901.9 4.1 Mexico, Switzerland, UK, Ireland, France, Austria, Armenia, Germany, India, Italy 5.2 -42.6 78.8 2.7 Germany, Mexico, Austria, Belgium, Brazil, Saudi Arabia, Japan, Kuwait, Bahrain, UAE 5.2 998.5 17.6 3.0 Germany, Australia, Japan, Philippines, Kuwait, Peru, Vietnam, Saudi Arabia, Bahamas, Israel 4.9 152.4 12.9 3.9 Denmark, France, Mexico, Malaysia, Korea, Germany, China, Singapore, Hong Kong, Venezuela 4.7 214.5 -25.5 3.1 Venezuela, Austria, Netherlands, Chile, UAE, Dom Rep, Uruguay, Singapore, Costa Rica, Peru 4.7 21.2 7.6 0.1 Netherlands, Mexico, Korea, Australia, Taiwan, Hong Kong, Malaysia, Israel, Algeria, Belgium 4.6 NA 21.5 3.2 China, Japan, Italy, Singapore, Philippines, Chile, UK, Netherlands, Denmark, Costa Rica 4.6 2.1 -31.1 32.3 Australia, Korea, Brazil, Poland, Canada, Guyana, Venezuela, Panama, Haiti, Sweden 4.2 -29.5 28.5 0.2 Mexico, China, Singapore, Malaysia, Philippines, Thailand, Honduras, Hungary, Argentina, Venezuela 4.2 29.7 -1.0 0.9 Spain, Malaysia, Netherlands, Denmark, Hong Kong, Korea, Romania, Luxembourg, Dom Rep, Ireland 3.8 -62.8 18.3 1.0 Canada, China, Germany, Mexico, Netherlands, Colombia, Peru, Guatemala, Belgium, Norway 3.8 4,658.1 171.1 1.2 Mexico, Japan, Malaysia, Korea, Ireland, China, Belgium, Brazil, Italy, Brunei 3.8 2,110.0 97.4 17.0 UK, Canada, Japan, Singapore, Poland, Slovakia, Thailand, Philippines, UAE, Jamaica 3.8 30,279.8 25.9 3.4 Germany, Japan, UK, Luxembourg, France, Korea, Australia, Taiwan, Italy, Singapore 3.7 -82.0 3.1 0.0 Canada, Germany, China, Korea, Thailand, Czech Republic, Singapore, India, Chile, Finland 3.7 0.1 -22.6 1.3 UK, Indonesia, France, India, Finland, S. Africa, Belgium, Ukraine, Croatia, Egypt 3.5 -21.7 -11.9 3.3 Germany, Mexico, UAE, India, Brazil, Hong Kong, Belgium, China, Israel, Russia 3.5 83.6 6.9 0.8 Mexico, China, Thailand, Belgium, France, Costa Rica, Dom Rep, Luxembourg, Trinidad, Kuwait 3.4 66.3 -1.5 0.2 Germany, Thailand, Philippines, France, Israel, Singapore, Indonesia, Costa Rica, Luxembourg, Ireland 3.3 -1.2 -4.9 1.1 Switzerland, Korea, China, Thailand, Panama, Malaysia, Sri Lanka, Indonesia, Mexico, Brazil 3.3 43.5 12.9 1.0 Taiwan, Israel, China, Korea, Egypt, Japan, Chile, Venezuela, India, Yemen Arab Republic 3.3 241.2 8.0 0.0 Mexico, Canada, S. Africa, Philippines, Switzerland, Korea, Venezuela, Austria, Syrian Arab Republic, Pana 3.3 224.2 2.8 0.3 China, Korea, Switzerland, India, Brazil, Czech Republic, Poland, Saudi Arabia, UK, Qatar 3.2 2,200.4 37.9 6.0 Mexico, Philippines, France, Japan, Brazil, Hong Kong, Germany, UK, Ireland, Switzerland 3.2 -82.6 31.6 0.0 Mexico, Philippines, Korea, Malaysia, Thailand, Hong Kong, Brazil, China, Netherlands, Ireland 3.2 -11.1 40.7 5.9 Japan, Netherlands, UK, Colombia, Taiwan, Venezuela, Saudi Arabia, China, Hong Kong, Israel 3.1 185.5 26.7 0.1 Germany, Mexico, UK, Italy, Romania, Korea, China, Brazil, Switzerland, Japan ■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 11 Table 2.3 (Continued) Rhode Island Top 100 Export Commodities: Top 10 Potential Markets of Opportunity Rhode Island's Top 100 Export Commodities 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 Plates, Sheets Etc, Non-Cell Etc, Polymer Othr Knit/Crchet Fabrc >5% Elastomrc Yrn/Rubr Thrd Printed Circuits Epoxides, Epoxyalcohols Etc With 3-Member Ring Etc Silver Powder Amino-Resins Nesoi, Pr Fms Wov Cot Fab, Pr Pl Wv Nun 85% Cot Ov100nov200g/M2 Sets Of Pens And Pencils Articles Of Tin, Nesoi Parts Of Pens, And Mech Pencils Nesoi Wov Cot Fab, Pr Wea Nesoi Un85% Cot Mmf Ov200g/M2 Articles Of Iron Or Steel Nesoi Silver, Semimanufactured Glss Envlps Opn A Gls Pts W/O Ftngs F Elctrc Lghtg Relays For A Voltage Not Exceeding 60 V Cuttle Fish & Squid, Froz, Dri, Salted Or In Brine Reservoirs, Tanks, Etc,Over 300 Liters, Plastic Pocket Lighters, Gas Fueled, Refillable Machines For Working Wire Preparations For Use On The Hair, Nesoi Pts, Of Mach Nesoi In This Chap,& Profile Projectr Lightning Arresters,Voltage Limiters,Surge Suppres Printed Books, Brochures, Etc., Nesoi Monolithic Integrated Circuits, Digital, Nesoi Scallops Incl Queen, Frozen/Dried/Salted/In Brine Wov Fab Syn Fil Yn Nesoi 85% Nylon Etc Printed Paper Nesoi, Nov 10% Fib Mech Pr, 40g/M2nov150g/M2 Generating Set W Spark-Ignition Int Combustion Eng Parts And Accessories Of Motor Vehicles, Nesoi Synthetic Filament Tow Of Nylon Or Other Polyamide Felt Tipped & Other Porous-Tipped Pens & Markers Sailboats, With Or Without Auxiliary Motor RI 2001 RI US RI as Potential Markets of Opportunity for Rhode Island ($Mil) %98-01 %98-01 %US (Top US growth markets 1998-2001 where RI growth or market penetration was low relative to US) 3.1 110.6 1.1 0.5 Mexico, Guatemala, Dom Rep, Korea, Venezuela, Thailand, China, Peru, Finland, France 3.0 30.3 103.4 3.5 Mexico, Canada, Japan, Hong Kong, Germany, Philippines, Honduras, Singapore, Korea, China 3.0 -27.4 0.3 0.1 Ireland, Canada, China, Egypt, Brazil, Israel, Malaysia, Korea, Sweden, Iceland 2.9 34.7 -2.8 18.8 Japan, Mexico, Brazil, Taiwan, Hong Kong, China, Switzerland, Spain, Bahamas, Singapore 2.9 61.1 -15.1 7.5 Mexico, China, Korea, Finland, Colombia, Sweden, Singapore, Ireland, Lebanon, France 2.8 228.5 26.3 1.8 Mexico, China, Japan, Thailand, India, Colombia, Ecuador, Venezuela, Korea, Australia 2.8 -6.1 -25.0 14.1 France, Spain, Australia, Ivory Coast, Indonesia, Honduras, Germany, Guatemala, Brazil, Ukraine 2.8 -25.0 -17.5 35.7 Philippines, Mexico, Switzerland, UAE, Kazakhstan, Finland, Hong Kong, Jordan, Kuwait, Luxembourg 2.7 0.6 0.3 23.4 UK, Germany, Japan, Taiwan, Spain, Saudi Arabia, Switzerland, Ireland, Netherlands, Poland 2.7 -66.8 -12.0 9.4 Mexico, Argentina, Ecuador, Uruguay, Panama, Norway, Nigeria, Guatemala, Denmark, Finland 2.7 8,195.1 72.8 7.3 Honduras, Dom Rep, Guatemala, Israel, Colombia, Germany, Malaysia, Turkey, India, El Salvador 2.7 -4.9 26.5 0.1 Mexico, Trinidad, Netherlands, Taiwan, Japan, Brunei, Italy, Australia, Germany, Ukraine 2.6 32.2 34.6 6.0 Japan, Mexico, Switzerland, Netherlands, Korea, Germany, Uruguay, Colombia, Ireland, Trinidad 2.5 -69.2 -1.6 5.1 Mexico, France, Korea, Switzerland, Philippines, Chile, Australia, China, Jordan, Saudi Arabia 2.5 82.9 15.2 0.7 Canada, Mexico, Brazil, China, Hong Kong, Turkey, Bermuda, Malaysia, India, Brunei 2.5 -32.4 156.3 3.5 China, Philippines, Switzerland, Japan, Venezuela, Spain, Netherlands, Australia, France, Korea 2.5 140.0 -5.5 7.3 Mexico, Belgium, Canada, Korea, Netherlands, Hong Kong, Taiwan, Poland, Saudi Arabia, Sweden 2.5 81.8 40.8 51.9 Canada, Venezuela, Germany, China, Lebanon, New Zealand, Panama, Romania, Egypt, Vietnam 2.5 92.5 23.1 6.1 Switzerland, Ireland, Mexico, Germany, Italy, Algeria, Brazil, Colombia, Taiwan, Denmark 2.4 -10.3 26.5 0.7 Canada, Panama, Korea, France, Japan, Mexico, Australia, Netherlands, Italy, Philippines 2.4 -9.1 75.3 0.3 Japan, Mexico, Germany, Taiwan, Korea, France, Israel, Belgium, Hong Kong, Ireland 2.4 -24.3 3.1 2.3 Taiwan, Saudi Arabia, China, Czech Republic, Hong Kong, Italy, Jamaica, Spain, Korea, Indonesia 2.4 136.0 -4.6 0.1 Mexico, Singapore, Korea, Nigeria, Philippines, Hong Kong, Taiwan, Malaysia, Cayman Islands, Spain 2.4 -16.8 21.8 0.1 Philippines, Mexico, Germany, Taiwan, Hong Kong, Korea, Thailand, China, Austria, Ireland 2.3 8.9 42.6 8.4 France, Canada, Netherlands, Singapore, Japan, Belgium, Korea, Bermuda, Australia, Russia 2.3 2,598.2 -34.7 19.6 Netherlands, Brazil, Mexico, UK, Guatemala, Ukraine, Latvia, Saudi Arabia, Singapore, Colombia 2.3 2,004.3 12.4 0.7 Netherlands, Guatemala, Pakistan, Costa Rica, Colombia, Nigeria, Malaysia, Korea, Panama, Israel 2.3 NA 2.6 1.7 Canada, Bangladesh, Singapore, Pakistan, Argentina, Japan, India, Chile, Jamaica, Korea 2.3 -33.3 -11.3 0.0 Namibia, Venezuela, China, France, Thailand, Portugal, Italy, Saudi Arabia, UAE, Mauritania 2.2 1,334.4 -29.2 15.4 Germany, Ireland, France, Brazil, Guatemala, India, Chile, Australia, Hong Kong, Lebanon 2.2 -6.0 16.6 4.9 Canada, Brazil, Sweden, Thailand, Switzerland, China, Chile, Bolivia, Peru, Norway 2.2 -41.4 -6.9 3.9 Saudi Arabia, Bahamas, Panama, Canada, Spain, Cayman Islands, Russia, Bermuda, Trinidad, Jamaica ■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 12 Top 5 HS Sectors by Commodity and Destination Industrial Machinery, Including Computers Slightly more than half of all exports within the industrial machinery sector derive from the postage-franking machine commodity, which in turn largely reflects the exporting success of one manufacturer of lottery machines – a subset of postage/franking machines. Other commodities within the sector generally had a more tempered performance. Adp input or output units, the next largest export commodity at $11.2 million advanced solidly in 2001, but recorded a small net loss of $0.7 million for 1998-2001. Export gains for the sector by destination were well distributed over a number of markets. Top markets included the UK, Taiwan, Canada, the Ukraine, Portugal and Australia. Among these markets, only Canada experienced a decline, falling 27.7% from 1998-2001. Electric Machinery Etc; Sound Equipment; TV Equipment; Parts Export performances within the electric machinery sector were generally a mixed bag of ups and downs. At the negative end of the balance, parts for electric transformers experienced the largest single drop in export market, losing $60 million in 1998-2001. On the plus side, static converters picked up $26.2 million in new export sales in the same period. In between, a number of commodities saw offsetting gains and losses. For example, monolithic digital integrated circuits recorded a net loss of $8.8 million in exports from 1998-2001 but began a comeback in 2001 with a market gain of $7.5 million. Export destinations for electric machinery followed a similar pattern. Consistent market gains were made in Singapore, Brazil and India. Losses in both the 2000-2001 and 1998-2001 measurement periods were recorded in Canada, Mexico and Hong Kong. Exporters to Japan suffered the largest decline, losing $30.5 million, or 47.8% of their export market, in 1998-2001. A small recovery of $3.6 in 2001 made bode well for the coming year. Natural Etc Pearls, Precious Etc Stones, Precious Metals Etc; Coin The year 2001 was difficult for the precious metals and jewelry sector. Export losses in any particular commodity were not great but were fairly widespread, sustained across seven of the top 10 export commodity groups. Looked at over the longer period of 1998-2001, however, the situation reversed itself with seven of 10 commodities recording export gains. Although overall growth for the industry was healthy at 21.2% in 1998-2001, it was still slightly below the corresponding US average of 22.3%. Gold waste and scrap saw the largest overall export earnings followed by other imitation jewelry of base metal. The latter commodity is one of Rhode Island’s most specialized commodities. 36.3% of all US exports of imitation jewelry of base metal originate from Rhode Island. Belgium, Austria, Italy and Peru were the fastest growing markets for Rhode Island’s precious metal and jewelry exports in 1998-2001. Exporters to Mexico saw the biggest drop in market, with declines of 75.3%, or $10.2 million. Massachusetts Institute for Social and Economic Research 13 Optic, Photo Etc, Medical or Surgical Instruments Etc. The instrumentation sector was one of the state’s healthiest export industries. Rhode Island’s industry growth rate of 40.2% for 1998-2001 was far ahead of the US average of 23.5%. Only one among the 10 biggest export commodities – thermostats-- saw an export decline in both the 2000-2001 and 1998-2001 measurements periods. The largest export increases from 1998-2001 occurred in measurement and checking instruments ($8.2 million) and parts of instruments for physical/chemical analysis ($5.4 million). The latter was also the fastest growing export commodity group. Export destinations for Rhode Island’s instruments span Canada, Europe and Asia with no one market holding overwhelming dominance. The biggest gains from 1998-2001 were in Canada and the Philippines. Japan was the only market to finish 1998-2001 in a net loss position with a minor deficit of $0.3 million. Plastics and Articles Thereof Export growth in Rhode Island’s plastics industry more than doubled the US average in 19982001 (43.1% vs. 18.6%) and maintained moderate positive growth in 2000-2001 (11.5%) while the US average dipped into negative numbers (-4.5%). All but one of the sector’s 10 largest export commodities recorded a net export gain for 1998-2001. The exception was polymer propylene sheets, which lost 62.8% of its export market share, or $6.5 million. The two commodities with the largest dollar increase in exports were articles of plastic, nesoi (not elsewhere specified) with $7.3 million and polyethylene terephthlate plates with $8.6 million. The top export destinations for Rhode Island’s plastic commodities almost all increased their imports from the state during 1998-2001. Although the scale of exports was not large, five of the top 10 markets for plastics increased by more than 100%. This includes the Netherlands, the UK, Germany, France, and Belgium. Brazil was the only market among the top 10 that experienced a decline, falling 57.9%, or $2.3 million. Massachusetts Institute for Social and Economic Research 14 Table 3 Rhode Island Exports by 2-Digit HS by Leading Commodity Components Top 12 HS Chapters by Top 10 Commodities Dollar Value of Shipments in Millions HS 84 847090 847160 847990 847989 846719 847329 847149 847790 847330 847290 85 850440 854214 850490 854411 854213 852520 853690 853340 851310 853890 71 711210 711290 711719 711319 710691 711011 711790 710811 711510 710610 90 903180 903039 900490 902790 903210 901410 902000 902219 902780 901890 TOTAL ALL COMMODITIES Industrial Machinery, Including Computers Postage-Franking & Similar Mach With Calcltng Dvce Adp Input Or Output Units, Storage Or Not, Nesoi Pts Of Mach/Mechncl Appl W Indvdul Function Nesoi Mach & Mechanical Appl W Individual Function Nesoi Pneumatic Ex Rotary Type Tools For Work In Hand Parts For Mach,Nesoi, Incorp Calculating Device Digital Adp Mac & Units,Entered As Systems, Nesoi Pts Mach For Work Rubber/Plast/Mfg Rbbr/Plstc Prod Parts & Accessories For Adp Machines & Units Ofc Mach For Automatic Banknote Dispensers, Etc Electric Machinery Etc; Sound Equip; Tv Equip; Pts Static Converters; Adp Power Supplies Monolithic Digital Integ Circuits,Bipolar Tchnolgy Pts For Elect Transformers Static Converters Indct Insulated Winding Wire Of Copper Metal Oxide Semiconductors(Mos),Mono Digital Integ Transmission Appr Incorporating Reception Apparats Elect Appr F Prtct To Elect Circt Nov 1000 V Nesoi Variable Resistors Inc Rheostat & Potntiomtr Nesoi Portable Electric Lamps Nesoi, Battery Or Magneto Pt F Elect Appr F Elect Circt; F Elct Contrl Nesoi Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls Waste And Scrap Of Precious Metal Nesoi Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd Jewelry And Parts Thereof, Of Oth Precious Metal Silver, Unwrought Nesoi Platinum, Unwrought Or Powder Imitation Jewelry Not Of Base Metal Gold Powder, Nonmonetary Catlysts Plat Wire Cloth Or Grill Form Silver Powder Optic, Photo Etc, Medic Or Surgical Instrments Etc Meas & Checkng Instrument, Appliances & Mach Nesoi Inst Meas Volt Crrnt Etc W-Out Rcrdng Dvce, Mltmtr Spectacles, Etc, Corrective, Protective, Nesoi Pts Of Inst, Phys/Chem Analysis Etc, Nesoi Thermostats Direction Finding Compass Breathing Appliances & Gas Masks Nesoi; Parts Etc Apparatus Base On X-Ray For Oth Use,Ex Medical,Etc Phy Chem Ins/Appr;Meas Vscsty & Heat Nesoi Instr & Appl F Medical Surgical Dental Vet, Nesoi RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 257.0 96.7 60.4 -8.7 114.3 80.2 6.6 0.2 132.9 107.8 428.4 151.8 132.5 29,079.6 571.1 70.8 11.2 3.1 38.1 -7.4 -0.7 -5.9 2.4 0.3 10.4 -2.5 -19.1 -19.1 -0.3 -2.5 22.5 0.4 8.6 1.1 14.9 -40.0 3.2 60.9 23.5 0.2 7.6 -0.6 -7.0 22.1 1.3 20.8 39.5 7.2 7.3 -3.0 -28.9 -12.2 6.5 774.3 -9.0 3.2 4.7 0.1 1.2 1.3 0.8 21.2 7.6 0.1 4.2 -0.4 -8.7 -10.4 1.0 29.7 -1.0 0.9 3.7 -1.3 -26.7 -18.7 -16.8 -82.0 3.1 0.0 3.7 1.6 74.4 -21.2 0.0 0.1 -22.6 1.3 226.8 -30.8 -11.9 -17.4 -65.0 -22.3 13.0 0.2 87.8 9.8 12.6 -8.7 26.2 42.6 23.6 4.7 24.1 7.5 45.4 -32.4 -8.8 -26.9 -55.9 2.7 15.5 4.3 38.2 3.5 -60.0 -79.5 24.6 1.7 9.4 0.8 9.9 -6.0 1.3 16.3 -3.3 2.4 7.8 2.8 55.5 -27.6 3.1 66.7 21.3 0.0 5.3 -1.9 -26.0 -18.3 2.4 85.2 -7.3 0.1 4.2 -3.0 -41.4 -14.1 -1.8 -29.5 28.5 0.2 3.8 -0.3 -7.5 -5.3 3.7 4,658.1 171.1 1.2 3.8 -0.2 -5.0 -5.8 3.8 30,279.8 25.9 3.4 3.4 0.9 36.8 -20.7 1.3 66.3 -1.5 0.2 181.1 -28.5 -13.6 -4.5 31.7 21.2 22.3 1.2 47.6 13.0 37.4 -33.2 21.7 84.0 26.5 10.0 38.0 -6.2 -14.1 11.2 -7.8 -17.1 88.4 8.9 29.6 -7.1 -19.5 -16.0 11.6 64.6 8.4 36.3 17.6 -1.4 -7.4 80.1 7.0 66.2 102.7 0.9 8.4 7.9 1,713.0 86.9 8.2 3,915.4 -77.4 7.0 6.3 0.3 5.3 5.0 4.3 221.8 13.7 2.1 5.9 -0.2 -4.0 4.4 -5.7 -49.2 -9.7 10.7 5.3 5.0 1,907.9 1,082.5 5.1 3,206.6 5,901.9 4.1 3.2 -0.5 -14.2 51.9 -0.4 -11.1 40.7 5.9 2.9 -1.2 -30.1 -57.2 1.1 61.1 -15.1 7.5 95.3 3.5 3.8 -1.8 27.3 40.2 23.5 0.2 18.3 4.6 34.0 0.4 8.2 80.9 7.6 1.8 6.2 4.0 180.1 -11.1 4.7 319.3 0.1 1.1 6.1 0.6 10.7 13.6 2.0 49.6 21.5 6.5 5.5 4.5 438.6 12.0 5.4 3,343.9 36.5 0.7 5.3 -8.1 -60.3 -5.3 -2.5 -32.3 11.1 3.1 5.3 3.2 149.4 14.8 -1.8 -25.6 10.1 7.1 4.9 0.6 13.9 0.1 3.0 152.4 12.9 3.9 4.6 4.6 13,377.8 -38.9 4.6 NA 21.5 3.2 3.3 1.6 95.0 5.9 2.3 224.2 2.8 0.3 3.1 0.3 12.3 18.1 2.0 185.5 26.7 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 15 Table 3 (Continued) Rhode Island Exports by 2-Digit HS by Leading Commodity Components Top 12 HS Chapters by Top 10 Commodities Dollar Value of Shipments in Millions HS 39 392690 392062 390422 392350 392020 392190 392010 390930 392510 390950 72 720449 722300 721710 720441 722990 720521 721123 720410 720421 722090 96 960810 961210 960839 960850 960899 961320 960820 960860 960840 960330 70 701810 700239 701190 701110 700100 701919 701939 701690 701820 701890 TOTAL ALL COMMODITIES Plastics And Articles Thereof Articles Of Plastics, Nesoi Plates Etc, Noncell Etc, Polyethylene Terephthlate Polymers Nesoi Of Polyvinyl Chloride, Plasticized Stoppers, Lids, Caps & Other Closures, Of Plastic Plates, Sheets Etc, Non-Cell Etc, Polymr Propylene Plates, Sheets, Film Etc, Plastic Nesoi Ncel Nesoi Plates, Sheets Etc, Non-Cell Etc, Polymer Amino-Resins Nesoi, Pr Fms Reservoirs, Tanks, Etc,Over 300 Liters, Plastic Polyurethanes, In Primary Forms Iron And Steel Ferrous Waste & Scrap Nesoi Wire Of Stainless Steel Wire Of Iron Or Nonalloy Stl,Not Plated Or Coated Ferrous Waste & Scrap Nesoi, Turnings, Chips Etc Wire Of Other Alloy Steel, Nesoi Alloy Steel Powders Flat-Hot-Rolled Iron,Nonalystl, <600mm Wide, Nesoi Cast Iron Waste And Scrap Stainless Steel Waste And Scrap Fl-Rld Stnls Stl Un 600mm Wde, Nesoi Miscellaneous Manufactured Articles Ball Point Pens Typewriter Or Similar Ribbons, Inked Etc. Fountain Pens,Stylograph Pens And Other Pens,Nesoi Sets Of Pens And Pencils Parts Of Pens, And Mech Pencils Nesoi Pocket Lighters, Gas Fueled, Refillable Felt Tipped & Other Porous-Tipped Pens & Markers Refills For Ball Point Pens Propelling Or Sliding Pencils Artists Brushes, & Similar Brushes For Cosemtics Glass And Glassware Glss Beads Imit Prls Prc/Smprc St Etc;Art Nt Jwlry Tubes Of Glass Nesoi, Unworked Glass Envelopes, Open, A Parts, W/O Fttngs, Nesoi Glss Envlps Opn A Gls Pts W/O Ftngs F Elctrc Lghtg Cullet A Oth Wst A Scrp Glass; Glass In Mass Glass Fibers And Articles Thereof, N.E.S.O.I. Glass Nonwoven Mattresses, Boards Etc Nesoi Gls Cons Art Nesoi;Ld Wndws;Mltclr/Fmd Gls Artcls Glass Microspheres Not Exceeding 1 Mm In Diameter Glss Eys Nt Pro; Ornaments O Lmp-Wrkd Glss Nt Jwlr RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 81.3 8.6 11.8 -4.5 24.5 43.1 18.6 0.3 13.5 5.5 69.5 -9.9 7.3 116.9 35.9 0.4 10.8 0.5 5.2 -19.1 8.6 392.5 -0.6 3.0 8.2 -1.4 -14.5 135.1 1.4 20.9 176.5 2.1 6.0 0.3 4.7 6.6 2.0 48.0 49.6 1.6 3.8 -1.0 -20.6 4.2 -6.5 -62.8 18.3 1.0 3.5 -1.1 -23.5 -8.5 1.6 83.6 6.9 0.8 3.1 -0.3 -8.3 -4.6 1.6 110.6 1.1 0.5 2.8 0.1 2.3 -5.0 2.0 228.5 26.3 1.8 2.5 1.2 94.0 -13.5 1.5 140.0 -5.5 7.3 2.0 0.8 69.0 0.6 1.6 373.0 13.8 0.6 57.6 18.9 48.7 -4.2 42.4 279.3 15.5 1.2 42.6 19.9 87.8 31.8 37.3 704.2 26.3 8.9 6.4 -1.4 -18.3 16.1 -0.8 -11.2 82.0 8.7 3.2 0.3 11.8 10.8 3.1 2,200.4 37.9 6.0 1.6 0.6 54.5 1.7 1.6 NA 4.5 3.6 0.8 0.8 3,807.8 -7.3 0.8 1,890.6 -53.9 1.8 0.4 0.3 250.8 -4.8 0.1 31.0 -61.2 3.3 0.3 0.1 52.8 -15.7 0.2 198.8 36.3 1.3 0.3 -0.7 -71.6 16.5 0.2 117.2 47.4 0.3 0.3 0.2 184.2 -12.5 0.2 251.0 54.4 0.1 0.2 0.1 169.3 -30.1 0.0 -8.9 -4.5 0.5 46.9 5.3 12.9 -10.3 7.9 20.3 -7.2 4.2 24.2 2.5 11.6 -11.7 11.7 93.8 -34.3 18.6 4.7 2.8 150.5 -11.0 3.2 214.5 -25.5 3.1 4.6 1.9 70.6 7.3 0.1 2.1 -31.1 32.3 2.8 0.3 13.3 -42.0 -0.9 -25.0 -17.5 35.7 2.7 -3.1 -53.3 -21.2 -5.5 -66.8 -12.0 9.4 2.5 0.7 36.8 13.2 1.1 81.8 40.8 51.9 2.2 -0.2 -7.0 1.5 -0.1 -6.0 16.6 4.9 1.0 0.3 48.0 -22.9 0.8 298.7 -64.0 19.9 0.8 -0.3 -27.5 26.7 -1.2 -59.9 -35.9 10.2 0.4 0.3 924.9 7.7 0.4 2,543.6 47.7 1.3 30.5 8.4 38.0 -0.9 12.7 71.3 23.3 0.8 12.9 8.1 169.3 105.2 11.5 821.3 189.5 56.1 9.2 -0.4 -4.6 -11.1 5.6 153.8 12.1 16.1 3.8 3.3 698.6 -55.8 3.6 2,110.0 97.4 17.0 2.5 -3.1 -54.8 28.8 -5.7 -69.2 -1.6 5.1 0.6 0.5 424.1 -4.9 0.6 15,146.7 47.1 5.1 0.3 0.1 114.2 -17.9 0.1 70.9 -21.2 0.2 0.3 0.3 NA 2.1 -0.1 -23.1 7.9 0.2 0.1 -0.1 -54.7 -19.0 0.0 -7.3 -26.7 0.5 0.1 0.1 NA 80.6 0.1 NA -19.3 1.1 0.1 0.1 129.7 54.8 0.1 505.8 99.5 0.9 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 16 Table 3 (Continued) Rhode Island Exports by 2-Digit HS by Leading Commodity Components Top 12 HS Chapters by Top 10 Commodities Dollar Value of Shipments in Millions HS 73 731700 732690 731100 731010 731414 731413 730900 732620 731419 731815 48 481190 480252 481131 481029 482190 482370 481139 482110 482390 481820 87 870831 870323 870899 870829 870839 871000 870850 870322 870324 871494 32 320415 320417 321519 320649 321590 320810 320414 321511 321490 321410 TOTAL ALL COMMODITIES Articles Of Iron Or Steel Nails, Tacks, Drawing Pins Etc Of Iron Or Steel Articles Of Iron Or Steel Nesoi Contnrs Fr Cmprssd O Lqfd Gas Of Iron O Steel Tanks Etc, Capacity Notun50notov300 Liter, Ir & St Other Products Of Woven Stainless Steel Cloth Endlss Bnds,Wovn Iron/Steel Wire Clth,Nt Stainless Tanks Etc, Over 300 Liter Capacity, Iron Or Steel Articles Of Iron Or Steel Wire Nesoi Woven Products Iron Or Steel, Nesoi Threaded Screws And Bolts Nesoi Of Iron Or Steel Paper & Paperboard & Articles (Inc Papr Pulp Artl) Paper, Paperbd, Cellulose Wadd Etc, Coat Etc Nesoi Paper Nesoi, Nov 10% Fib Mech Pr, 40g/M2nov150g/M2 Paper Nesoi, Ov150g/M2, Bleach, Impr Or Plast Covr Ppr/Pbrd Ex Lit-Wgh Writng Etc Clay Ctd Ov 10% Mec Paper And Paperboard Labels, All Kinds, Not Print Molded Or Pressed Articles Of Paper Pulp Paper & Paperbd Coated, Etc, With Plastics Nesoi Paper And Paperboard Labels Of All Kinds, Printed Articles Of Ppr Pulp/Ppr/Pprbrd/Cellulse Etc Nesoi Handkerchiefs, Tissues & Towels Of Paper Pulp Etc Vehicles, Except Railway Or Tramway, And Parts Etc Mounted Brake Linings For Motor Vehicles Pass Veh Spk-Ig Int Com Rcpr P Eng >1500 Nov 3m Cc Parts And Accessories Of Motor Vehicles, Nesoi Pts & Access Of Bodies Of Motor Vehicles, Nesoi Brakes And Servo-Brakes & Pts For Motor Vehicles Tank & Ot Armored Fight Veh, Motorized; And Parts Drive Axles With Differential For Motor Vehicles Pass Mtr Veh,Spark Ign Eng, >1000cc But =<1500cc Pass Veh Spk-Ig Int Com Rcpr P Eng > 3000 Cc Brakes, Incl Coaster Brkng Hubs,Hub Brks,Prts,Nes Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks Vat Dyes & Preparations Based Thereon Pigments & Preparations Based Thereon Printing Ink, Other Than Black Coloring Matter And Preparations Nesoi Inks, Other Than Printing Ink Paints & Varnishes,In Nonaqueous Medium,Polyesters Direct Dyes & Preparations Based Thereon Printing Ink, Black Nonrefractory Surfacing Prep For Facades Etc. Mastics; Painters' Fillings RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 24.9 5.2 26.0 -9.1 -5.2 -17.2 -0.9 0.3 11.0 7.1 183.3 4.4 3.7 50.7 4.8 20.5 2.7 -0.5 -15.1 -12.7 -0.1 -4.9 26.5 0.1 2.0 -1.2 -38.5 -18.2 -5.4 -73.2 -42.0 1.7 1.9 1.7 886.6 -5.8 0.3 16.3 -17.7 1.6 1.6 1.4 613.9 47.1 1.0 153.5 62.3 8.9 1.1 1.0 3,755.4 -7.8 1.1 8,507.9 49.3 26.2 0.9 -1.0 -53.7 -15.1 -0.5 -36.1 -18.5 0.9 0.6 -2.0 -78.0 -2.9 -2.6 -82.3 1.2 0.5 0.3 0.2 124.0 -2.8 0.1 53.4 20.4 1.8 0.3 -0.4 -52.0 -14.7 -0.3 -45.3 8.2 0.0 21.3 1.8 9.4 -6.1 -1.9 -8.0 4.3 0.2 5.7 -1.3 -18.7 10.9 -7.7 -57.7 36.1 1.7 2.3 0.1 2.6 -15.1 2.2 2,004.3 12.4 0.7 2.1 2.1 8,727.3 1.7 1.9 844.1 1.9 0.4 2.0 0.2 13.6 5.4 -0.9 -31.4 24.5 1.3 1.3 0.8 168.7 1.1 1.0 330.5 51.4 0.7 1.0 0.7 207.8 0.7 0.9 1,129.3 34.4 2.9 0.9 -0.8 -47.7 0.2 0.3 59.9 29.4 0.4 0.8 -0.3 -27.3 -7.1 0.4 88.6 17.4 0.3 0.6 0.1 10.5 -9.4 0.4 185.6 0.1 0.3 0.6 0.4 322.2 26.0 0.4 196.1 52.1 0.3 17.1 -5.0 -22.6 -5.1 -0.9 -5.2 -0.6 0.0 5.2 -5.3 -50.5 11.4 -3.9 -42.6 78.8 2.7 3.3 2.4 280.2 16.5 2.3 241.2 8.0 0.0 2.3 -1.8 -43.9 -10.0 -1.1 -33.3 -11.3 0.0 2.2 0.2 11.8 -6.8 2.1 4,210.1 16.3 0.0 1.6 -0.8 -33.2 -6.7 -0.6 -28.0 -0.9 0.1 1.1 0.9 420.8 10.2 1.0 727.3 -17.9 0.2 0.2 0.0 -2.0 -26.0 0.1 99.4 -1.3 0.0 0.2 -0.2 -53.5 3.0 0.1 368.5 34.9 0.2 0.2 0.0 10.5 -9.0 0.0 5.0 2.7 0.0 0.1 0.1 NA -34.7 0.1 NA 55.6 0.5 15.2 2.6 20.5 -7.6 -0.8 -5.1 10.1 0.4 6.5 1.7 35.1 -16.0 0.6 10.5 -20.6 42.2 3.3 0.7 24.4 -12.6 0.0 -1.2 -4.9 1.1 1.2 -1.1 -48.3 -7.7 -0.4 -26.3 9.9 0.5 0.8 -0.1 -14.2 -1.4 -0.1 -9.9 48.6 0.4 0.7 0.4 134.9 -16.0 0.5 173.4 6.1 0.4 0.6 0.6 7,099.2 6.3 0.6 12,553.6 25.9 0.5 0.5 0.5 777.3 14.0 0.3 213.8 6.1 2.3 0.5 0.2 83.0 -19.3 0.3 219.7 16.5 0.2 0.3 0.3 607.8 -11.6 0.1 74.9 -12.1 0.4 0.1 -0.2 -52.3 6.6 -0.3 -65.3 19.4 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 17 Table 4 Rhode Island Exports by 2-Digit HS by Leading Destination Countries Top 12 HS Chapters by Top 10 Destinations Dollar Value of Shipments in Millions HS TOTAL ALL COMMODITIES 84 Industrial Machinery, Including Computers United Kingdom China (Taiwan) Canada Ukraine Portugal Australia Spain Germany Japan Mexico 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts Canada Singapore Japan Philippines Netherlands Mexico United Kingdom Brazil Hong Kong India 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin Canada Belgium Austria Sweden Italy Japan United Kingdom Hong Kong Peru Mexico 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc Canada Germany Philippines United Kingdom France China (Mainland) Italy Japan Hong Kong Netherlands RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 257.0 96.7 60.4 -8.7 114.3 80.2 6.6 0.2 75.9 63.1 490.9 -6.6 67.5 799.6 3.6 0.7 35.0 32.6 1,311.2 -38.9 34.0 3,268.2 12.1 1.0 34.8 -3.1 -8.3 -9.9 -13.4 -27.7 1.5 0.1 15.6 15.6 28,129.6 18.9 15.5 15,890.2 21.6 20.3 12.5 11.9 1,709.4 -3.8 11.9 1,825.5 -22.6 8.6 11.8 6.8 134.4 -8.7 2.0 19.9 -3.5 0.4 8.8 7.2 429.0 7.5 4.5 104.9 7.7 1.0 7.2 -2.0 -21.6 -1.0 -0.2 -3.3 17.9 0.1 6.9 0.9 14.4 -15.2 2.6 60.1 14.4 0.1 5.3 -4.3 -44.3 -6.2 -0.6 -9.7 30.3 0.0 226.8 -30.8 -11.9 -17.4 -65.0 -22.3 13.0 0.2 60.5 -10.5 -14.8 -21.2 -9.2 -13.2 -0.4 0.3 43.4 12.7 41.3 -25.7 37.1 592.2 -15.1 1.0 33.3 3.6 12.2 -16.6 -30.5 -47.8 3.2 0.4 13.3 1.5 12.7 -9.5 -7.8 -37.1 26.5 0.3 11.0 -0.7 -6.0 -15.5 3.9 55.7 26.2 0.4 6.5 -4.6 -41.5 -15.7 -6.2 -48.7 32.4 0.0 6.5 -1.9 -23.1 -16.9 1.7 35.0 5.5 0.1 5.7 0.9 19.1 -9.8 3.1 118.9 30.7 0.2 5.5 -3.6 -39.6 -15.8 -1.2 -17.4 13.3 0.1 5.3 5.0 1,520.1 -1.5 5.2 2,854.0 19.2 1.1 181.1 -28.5 -13.6 -4.5 31.7 21.2 22.3 1.2 76.0 0.1 0.1 -9.4 -0.9 -1.2 -14.0 7.9 21.7 -2.0 -8.3 4.6 13.2 155.9 29.4 1.8 15.4 -4.5 -22.4 -1.1 8.9 136.3 99.0 60.6 14.1 2.5 21.1 17.1 3.8 36.5 -5.4 55.7 12.0 6.1 101.0 23.5 9.5 366.6 40.5 3.0 8.1 -1.0 -10.8 -9.2 -0.5 -5.6 74.5 1.0 6.0 0.7 12.7 -16.1 0.3 4.4 -40.9 0.3 5.7 -4.1 -42.0 -5.8 1.1 23.0 57.6 0.7 5.1 5.1 30,973.5 -7.5 5.1 7,681.5 -23.2 7.2 3.4 -26.3 -88.7 -23.5 -10.2 -75.3 38.7 0.7 95.3 3.5 3.8 -1.8 27.3 40.2 23.5 0.2 17.5 0.1 0.6 -6.8 6.4 57.8 15.4 0.3 8.0 3.2 66.7 8.6 1.7 26.5 30.6 0.2 7.4 5.2 231.6 -29.9 7.3 5,114.8 0.0 2.8 5.5 1.3 31.6 -7.8 1.7 45.1 24.7 0.2 5.1 1.8 53.7 -3.3 2.2 74.3 13.8 0.2 4.4 1.3 39.2 53.1 2.0 83.5 83.6 0.4 4.0 1.3 47.1 -2.4 3.2 383.7 26.6 0.4 3.7 -2.8 -42.9 -1.1 -0.3 -8.1 23.5 0.1 3.7 -4.3 -53.9 49.3 1.1 41.3 75.5 0.3 3.1 -0.9 -22.5 -5.3 0.3 9.6 8.6 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 18 Table 4 (Continued) Rhode Island Exports by 2-Digit HS by Leading Destination Countries Top 12 HS Chapters by Top 10 Destinations Dollar Value of Shipments in Millions HS TOTAL ALL COMMODITIES 39 Plastics And Articles Thereof Canada Mexico Netherlands United Kingdom Germany Hong Kong France Brazil China (Mainland) Belgium 72 Iron And Steel Korea, Republic Of Mexico China (Mainland) Canada Turkey Malaysia India St. Lucia Japan France 96 Miscellaneous Manufactured Articles United Kingdom Japan Canada Spain Germany France Portugal Hong Kong China (Taiwan) Netherlands 70 Glass And Glassware Canada Mexico Austria Hong Kong Brazil India Japan Spain China (Mainland) Germany RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 81.3 8.6 11.8 -4.5 24.5 43.1 18.6 0.3 27.9 0.1 0.3 -3.9 -0.2 -0.9 14.5 0.4 9.6 3.7 62.5 -8.0 4.6 91.3 33.2 0.1 9.3 3.0 48.4 -7.8 7.5 399.4 -11.8 1.4 8.1 2.3 40.7 1.5 4.1 104.6 2.1 1.0 5.0 -0.8 -14.3 -3.8 4.0 398.1 -6.0 0.8 3.3 -0.4 -9.9 -14.8 0.5 17.3 13.7 0.5 2.8 0.5 20.2 -11.8 1.9 203.1 -1.6 0.8 1.7 0.0 1.8 -6.4 -2.3 -57.9 3.5 0.2 1.2 0.3 35.9 16.1 0.5 77.6 96.1 0.1 1.2 0.5 67.9 0.7 0.8 219.6 21.4 0.1 57.6 18.9 48.7 -4.2 42.4 279.3 15.5 1.2 16.1 3.6 28.6 -22.6 16.1 NA 2.9 7.3 12.6 -6.5 -34.0 5.6 2.1 19.5 21.7 1.0 12.4 12.1 4,201.3 72.2 12.2 6,276.4 401.6 2.7 4.6 -0.1 -1.9 -15.4 1.4 45.3 0.9 0.2 3.8 3.8 NA 245.3 3.8 NA -37.9 10.1 3.4 3.4 37,719.7 119.9 3.4 NA 140.9 7.6 2.8 2.8 NA 17.3 2.8 21,692.6 114.6 4.3 0.8 0.8 5,754.7 647.0 0.8 NA 1,309.5 82.7 0.3 0.2 110.9 -24.4 -0.1 -17.2 16.1 0.3 0.2 0.1 903.1 -2.9 0.2 2,758.3 45.9 0.3 46.9 5.3 12.9 -10.3 7.9 20.3 -7.2 4.2 7.9 6.2 360.8 -8.9 7.4 1,396.4 -21.9 13.2 5.4 0.6 12.7 -5.7 -11.7 -68.5 -18.4 9.4 4.1 0.3 7.7 -5.5 0.3 8.0 3.8 1.4 3.8 2.8 286.2 5.2 3.7 4,212.4 25.7 34.0 3.6 2.4 207.4 5.8 2.9 384.1 -18.8 13.2 3.1 1.8 149.7 6.3 2.8 880.7 -4.6 8.3 1.9 1.8 3,627.3 253.6 1.8 2,324.3 179.7 41.8 1.6 -0.5 -22.7 -10.9 -0.3 -16.4 10.3 4.0 1.4 -4.3 -75.2 -60.6 -0.4 -22.0 3.0 14.3 1.1 0.3 30.3 -27.3 1.1 8,412.6 2.1 4.8 30.5 8.4 38.0 -0.9 12.7 71.3 23.3 0.8 11.0 -2.5 -18.7 -5.3 2.5 30.0 18.4 0.8 8.8 6.4 267.8 -8.4 6.0 210.0 36.6 1.9 2.7 2.0 287.4 25.9 2.1 361.4 127.4 17.8 1.6 0.6 62.1 -18.0 1.0 156.2 -40.9 4.1 1.5 0.2 16.9 -11.8 0.7 100.7 -9.5 3.9 0.8 0.6 362.1 4.5 0.8 NA 121.0 5.4 0.6 0.4 244.2 -19.4 0.6 11,396.6 21.6 0.2 0.5 0.5 NA 2.4 0.5 1,428.0 -30.5 5.6 0.4 0.2 91.9 -23.0 0.3 228.4 -7.6 0.7 0.4 0.0 11.9 48.1 -1.9 -83.3 81.4 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 19 Table 4 (Continued) Rhode Island Exports by 2-Digit HS by Leading Destination Countries Top 12 HS Chapters by Top 10 Destinations Dollar Value of Shipments in Millions HS TOTAL ALL COMMODITIES 73 Articles Of Iron Or Steel Canada Mexico Australia Germany Netherlands Korea, Republic Of China (Taiwan) France Japan Singapore 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) Canada Hong Kong Netherlands Thailand United Kingdom Mexico Brazil Germany France Australia 87 Vehicles, Except Railway Or Tramway, And Parts Etc Canada Mexico Dominican Republic Malaysia Netherlands United Kingdom Guatemala Switzerland Chile Nigeria 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks Germany Canada Japan United Kingdom China (Mainland) Singapore Australia Mexico Nigeria China (Taiwan) RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 24.9 5.2 26.0 -9.1 -5.2 -17.2 -0.9 0.3 15.7 7.3 86.9 -4.9 4.7 42.2 5.4 0.4 4.3 -2.3 -35.0 -25.6 -0.6 -12.4 9.0 0.2 0.7 0.1 18.2 -5.6 -0.4 -36.7 -19.3 1.2 0.7 0.2 33.9 4.8 -0.1 -18.1 1.5 0.4 0.4 0.0 8.1 4.2 0.2 124.4 4.0 0.5 0.3 0.1 31.8 5.3 -0.2 -36.5 70.0 0.3 0.3 0.1 73.4 8.0 -1.2 -81.0 12.1 0.3 0.3 -0.3 -55.7 3.2 -0.7 -72.1 44.5 0.2 0.2 0.1 78.4 -18.5 -0.9 -79.7 -16.0 0.1 0.2 0.0 18.8 -8.7 -0.5 -71.2 -12.3 0.2 21.3 1.8 9.4 -6.1 -1.9 -8.0 4.3 0.2 5.6 -0.9 -13.7 0.4 0.7 14.0 21.9 0.1 5.2 0.8 19.3 -9.5 -2.8 -35.2 -35.7 2.3 2.1 0.9 76.9 -0.9 0.0 0.2 -15.1 0.9 1.0 -0.2 -19.8 -9.0 -0.5 -33.6 62.3 2.0 0.9 0.1 8.4 -6.1 0.2 30.9 -13.4 0.3 0.8 -0.3 -29.7 -6.1 0.5 140.2 24.7 0.0 0.7 0.4 105.5 -21.5 0.6 375.8 -53.4 0.7 0.7 0.4 104.6 -15.5 0.5 214.6 -14.3 0.4 0.6 0.4 186.3 8.9 0.2 53.4 -2.4 0.5 0.6 0.4 182.1 -8.3 0.4 196.7 -18.3 0.3 17.1 -5.0 -22.6 -5.1 -0.9 -5.2 -0.6 0.0 7.6 -6.1 -44.6 -10.5 -3.4 -31.0 -3.1 0.0 2.9 -0.3 -8.9 -3.4 1.7 141.8 38.5 0.0 2.5 2.2 924.6 -32.3 2.1 505.5 -7.5 2.1 0.9 0.9 NA 13.5 0.9 NA 180.9 3.1 0.4 0.4 2,591.7 -17.5 0.4 NA 21.2 0.1 0.4 0.2 198.8 9.1 0.3 503.3 8.2 0.0 0.3 -0.8 -72.2 -11.3 -0.8 -72.0 -47.3 0.5 0.2 0.2 3,798.2 35.7 0.2 NA 49.1 0.2 0.2 0.1 36.1 -15.3 0.2 999.4 -28.4 0.1 0.2 0.2 883.9 69.3 0.2 NA 133.6 0.4 15.2 2.6 20.5 -7.6 -0.8 -5.1 10.1 0.4 9.8 4.2 73.6 -5.0 0.7 7.5 22.8 7.8 2.1 -1.4 -40.7 -4.4 -1.8 -46.6 10.9 0.2 0.7 0.4 116.9 -17.1 0.2 57.1 -14.9 0.4 0.6 -0.3 -35.5 -9.6 0.1 27.5 -15.5 0.4 0.6 0.5 991.3 55.9 0.6 NA 192.8 0.5 0.3 0.3 1,206.1 -12.7 0.1 107.2 1.9 0.4 0.2 0.0 -6.7 -9.5 0.1 55.9 -13.8 0.3 0.1 -0.2 -55.0 -6.9 0.0 -15.2 24.7 0.0 0.1 0.1 NA 32.1 0.1 NA 28.3 3.0 0.1 0.1 NA -27.3 0.0 -19.2 40.1 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 20 Rhode Island Exports: Annual 2001 Value of Exports from Rhode Island $4 million or Greater (33) $3 million to $3.9 million (2) $2 million to $2.9 million (6) $1 million to $1.9 million (12) Less than $1 million (87) Maps Produced by MISER University of Massachusetts, Amherst Rhode Island Exports: Percent Change 2000-2001 Percent Change, 2000-01 100% or Greater 50% to 99% 0% to 49% -25% to -1% -50% to -24% Greater than -50% (26) (7) (29) (17) (12) (42) Maps Produced by MISER University of Massachusetts, Amherst IV. MAJOR DESTINATIONS FOR RHODE ISLAND EXPORTS Rhode Island Exports by World Area 1998-2001 50 45 40 Value in $Millions 35 Europe 30 Canada Asian Continent 25 Mexico Latin America 20 African Continent Australia And Oceania 15 10 5 0 Jan-98 Jul-98 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 RI AND US EXPORTS BY RELATIVE SHARE OF REGION IN 2001 AND BY %GROWTH 1998-2001 60% 50% %Incr 1998-2001 & %Share to World 40% 34% 28% 30% 27% 20% 10% 5% 5% 4% 2% 1% 0% Europe -10% Canada Asian Continent Mexico Japan Latin America, Australia And African Caribbean, Oceania Continent Not Mexico -20% %Share RI to World %Share US to World %Incr RI 1998-01 %Incr US 1998-01 -30% -40% -50% Massachusetts Institute for Social and Economic Research 21 Table 5 Rhode Island Exports by World Region of Destination Dollar Value of Shipments in Millions TOTAL ALL COUNTRIES North America Canada Mexico Latin America, Caribbean, Not Mexico South America Central America Caribbean Europe Western Europe European Union Eastern Europe Former Soviet Republics Asian Continent Japan Asia-Nics Asean Asia Near East Asia-South African Continent Sub-Saharan Africa Australia And Oceania RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 421.5 -61.8 -12.8 -8.0 -21.8 -4.9 13.8 0.2 352.1 -22.3 -6.0 -7.2 -19.7 -5.3 6.2 0.2 69.4 -39.5 -36.3 -9.1 -2.1 -2.9 28.5 0.1 46.7 2.0 4.4 -1.4 -0.6 -1.2 -7.9 0.1 32.8 2.8 9.3 -0.7 -1.1 -3.1 -13.5 0.1 4.3 -4.6 -51.6 -3.3 -3.4 -44.1 2.4 0.0 9.5 3.8 66.0 -2.0 3.9 69.9 4.4 0.1 431.4 93.9 27.8 -2.9 127.2 41.8 6.7 0.2 406.4 77.2 23.4 -3.4 110.2 37.2 7.4 0.2 389.6 73.0 23.1 -3.4 109.2 38.9 6.5 0.2 25.0 16.7 200.0 11.6 17.0 213.2 -8.3 0.4 21.6 17.3 402.7 13.8 20.2 1,455.9 -17.3 0.5 338.9 51.4 17.9 -9.2 60.8 21.8 6.3 0.2 68.0 0.2 0.3 -11.7 -42.8 -38.6 -0.4 0.1 166.8 31.4 23.2 -14.9 87.2 109.6 13.9 0.2 100.8 13.0 14.8 -7.7 18.6 22.7 11.1 0.2 16.8 1.6 10.2 1.5 6.8 67.6 -18.3 0.1 14.0 8.1 137.4 4.5 12.1 610.8 0.3 0.3 9.2 -9.8 -51.6 12.9 2.9 46.7 10.9 0.1 4.9 -10.1 -67.4 17.5 0.9 23.7 4.0 0.1 20.9 7.4 54.4 -9.4 -1.7 -7.7 -5.7 0.2 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Rhode Island was carried by its dominant markets in Europe and Asia in 1998-2001. Some of the state’s biggest losses by export destination came closest to home in Mexico and Canada. Rhode Island trailed the US average in both markets by a substantial margin in 1998-2001. Exports to Europe experienced the strongest gains. Increases occurred across the board in Western Europe, the European Union, Eastern Europe and the Former Soviet Republics. The biggest percentage increases came from Eastern Europe and the Former Soviet republics. Rhode Island’s rate of growth to Europe during 1998-2001 was 41.8% compared to the US average of 6.7 %. The state’s success in Asia is particularly significant since it was done without the benefit of positive contributions from Japan, the region’s largest market. A $42.8 million drop in state exports to Japan was offset by gains to the Asia Nics, Asean, Near East Asia, and South Asia. There was slight negative growth in Latin America with advances in the Caribbean countered by losses in South and Central America. Australia/Oceania and Africa are both minor markets for Rhode Island. Both saw ups and downs for state exporters in the past four years. Australia/Oceania experienced solid growth in 2001 but not enough to offset losses in earlier years and ended 1998-2001 with a net negative export growth rate. Africa was just the opposite. Exports fell in 2000-2001 but not enough to completely cancel earlier gains. Massachusetts Institute for Social and Economic Research 22 Rhode Island Exports by Country of Destination and Leading HS Commodities North America Canada is Rhode Island’s largest country export market by a substantial margin. Exports to Canada slipped 5%-6% in 2000-2001 and 1998-2001. Given the scale of the Canadian market even relatively small percentage drops can be significant in terms of actual dollars of export sales lost and jobs threatened. Canada imports a varied market basket of products from Rhode Island with the largest two export sectors being precious metals/jewelry and electric machinery. At the six-digit commodity level, the state’s top 10 exported commodities are dominated by products from the precious metals/jewelry sector. Jewelry and parts thereof, platinum and silver made the best advances. Mexico is the state’s third largest market overall. After experiencing several spikes in growth in 1998 to 2000, as indicated by the line graph plotting the progress of the top five overseas markets, exports to Mexico fell in 2001. The fall was driven mainly by a decline in imports of precious metals/jewelry from Rhode Island. The sector fell $26.3 million, losing 88.7% of its export market to Mexico in 2000-2001. Mexico was the state’s top export loss market for that period. Although not enough to offset the losses in precious metals/jewelry, the state’s top area of growth in Mexico in 1998-2001 was glass and glassware, particularly glass beads. Europe The United Kingdom was the state’s leading success story in Europe in 1998-2001. It was the state’s top export market overall in 1998-2001 and 2000-2001. Exports to the UK were driven heavily by industrial machinery, particularly postage/franking and machines with calculating devices (read “lottery machines”). This commodity alone accounted for approximately 60% of Rhode Island’s exports to the UK in 2001. However, other commodities also did well. All 10 of the state’s leading export commodities to the UK enjoyed positive growth in 1998-2001. Although on a much smaller scale than postage/franking machines, ballpoint pens were another fast growing export to the UK. Other top markets for Rhode Island in Europe include Germany, the Netherlands and Belgium. The state enjoyed solid growth to all three markets in 1998-2001. While Germany and the Netherlands have no dominant export industries, precious metals and jewelry account for about 60%of the state’s exports to Belgium. Portugal and the Ukraine are Rhode Island’s fastest growing markets in Europe after the UK. In both cases, exports of industrial machinery, including computers are driving the rapid advances. Asia Japan is Rhode Island’s largest market is Asia and was also the state’s top export loss market overall in 1998-2001. Exports to Japan fell $42.8 million with most of the loss coming in the electric machinery sector. More than offsetting setbacks in Japan were gains in Singapore, Taiwan, China and Korea. In all of these markets, one or two commodities led the advances. In Singapore, the biggest increase came in electric machinery, particularly monolithic digital integrated circuits. In Taiwan, it was again postage/franking machines and similar machines with calculating devices (i.e. lottery machines). In China it was primarily scrap materials – ferrous waste and scrap and aluminum waste and scrap. In Korea it was also ferrous waste and scrap. Massachusetts Institute for Social and Economic Research 23 Latin America Brazil is the only Latin American market that ranks among Rhode Island’s top 20 export destinations. Although exporters from the state made advances in glass and glassware and electric machinery, these were countered by losses in plastics and articles thereof. Exports were up in 2001 but down for 1998-2001. Rhode Island trailed US growth in the latter period (-3.4% vs. 5.1%) and led the US in the former. (33.6% vs. 3.7%). The Dominican Republic was also notable for its growth as an export destination. Exports increased more than 500% from 1998-2001, driven almost entirely by sales of vehicles and parts. Africa Rhode Island enjoyed a brief spike in exports to Africa in 1999 and has since receded. Most of that activity came in South Africa, which dropped 78%, or $10.8 million, of its imports from the state in 2001. Australia and Oceania Australia is Rhode Island’s 17th largest export market and was one of its top 10 fastest growing markets in 2000-2001. Most of this growth came from exports of industrial machinery, including computers. Massachusetts Institute for Social and Economic Research 24 Rhode Island Exports by Country of Destination Top 5 Countries 1998-2001 40 35 30 Canada United Kingdom Mexico Japan Singapore Value in $Millions 25 20 15 10 5 0 Jan-98 Jul-98 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 RI AND US EXPORTS BY RELATIVE SHARE OF COUNTRY IN 2001 AND BY % GROWTH 1998-2001 250% %Incr 1998-2001 & %Share to World 200% 150% 100% %Share RI to World %Share US to World %Incr RI 1998-01 50% 28% %Incr US 1998-01 10% 5% 5% 5% 4% 4% 3% 3% 3% Massachusetts Institute for Social and Economic Research Ko ng H on g Be lg iu m N et he rla nd s (T ai w an ) G er m an y Ja pa n M ex ic o Ki ng do m Si ng ap or e C hi na -50% U ni te d C an ad a 0% 25 Table 6.1 Rhode Island Exports by Country of Destination Top 40 Countries 2001 Dollar Value of Shipments in Millions 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTAL ALL COUNTRIES Canada United Kingdom Mexico Japan Singapore Germany China (Taiwan) Netherlands Belgium Hong Kong China (Mainland) Korea, Republic Of Italy France Philippines Austria Australia Ukraine Spain Brazil Sweden Portugal India Ireland Thailand Malaysia Switzerland Turkey Saudi Arabia Peru Denmark Israel Finland Dominican Republic Republic Of South Africa Chile Russia Morocco United Arab Emirates Argentina RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % 2001 INCR ($mil) %INCR %INCR INCR ($mil) %INCR %INCR US 2001 1,268.6 83.0 7.0 -6.3 166.8 15.1 7.4 0.2 352.1 -22.3 -6.0 -7.2 -19.7 -5.3 6.2 0.2 125.1 71.7 134.4 -1.9 63.8 103.9 4.4 0.3 69.4 -39.5 -36.3 -9.1 -2.1 -2.9 28.5 0.1 68.0 0.2 0.3 -11.7 -42.8 -38.6 -0.4 0.1 60.3 17.7 41.5 -0.7 42.9 246.3 12.9 0.3 47.3 6.1 14.8 3.0 7.7 19.5 13.0 0.2 45.1 24.3 116.3 -25.5 31.6 233.0 0.0 0.2 40.4 4.6 13.0 -11.1 20.3 101.2 2.7 0.2 35.7 -3.6 -9.1 -3.1 6.3 21.5 -2.8 0.3 34.5 -12.1 -25.9 -3.8 -3.7 -9.7 8.9 0.2 32.3 14.8 84.4 18.3 21.6 201.1 34.9 0.2 26.9 1.5 5.8 -20.4 16.5 158.2 34.2 0.1 26.6 -8.6 -24.4 -9.9 12.2 84.5 9.8 0.3 22.9 -1.4 -5.7 -1.8 3.1 15.8 12.2 0.1 22.8 5.2 29.7 -12.8 -3.9 -14.7 13.8 0.3 20.6 -2.9 -12.3 2.8 11.1 116.7 4.8 0.8 19.3 7.0 56.9 -12.2 1.4 7.8 -8.3 0.2 18.7 16.3 680.9 10.2 18.3 4,850.4 -44.2 9.1 17.4 4.8 38.6 -8.1 -1.0 -5.2 6.3 0.3 16.9 4.3 33.6 3.7 -0.6 -3.4 5.1 0.1 16.2 0.8 5.5 -22.1 -3.0 -15.7 -7.1 0.5 15.9 14.1 786.2 31.6 13.4 555.8 41.8 1.3 13.1 8.5 183.0 2.8 11.5 731.5 6.2 0.3 10.8 -15.6 -59.1 -7.5 -29.0 -72.9 26.5 0.2 9.2 1.2 14.7 -9.7 1.6 21.8 14.6 0.2 7.6 -11.3 -59.8 -14.7 -22.1 -74.4 4.8 0.1 7.5 0.9 13.6 -1.1 -3.5 -32.0 35.6 0.1 6.4 2.3 56.5 -16.7 5.2 435.4 -11.6 0.2 6.1 2.5 67.8 -4.2 2.3 60.9 -43.3 0.1 5.9 5.3 795.5 -5.7 4.6 347.7 -23.8 0.4 5.2 0.5 11.8 6.5 1.5 38.7 -14.1 0.3 5.0 -3.5 -41.4 -3.5 1.4 39.7 7.2 0.1 4.0 2.8 227.0 -1.1 2.5 167.5 -18.9 0.3 3.7 2.4 174.5 -0.2 2.2 139.2 11.5 0.1 3.0 -10.8 -78.0 -4.0 0.2 7.8 -18.3 0.1 2.5 -0.1 -3.0 -9.4 0.4 19.1 -21.4 0.1 2.4 1.7 251.2 17.5 1.6 194.2 -24.0 0.1 2.3 -0.4 -16.2 -45.5 2.3 65,819.1 -48.2 0.8 2.2 0.7 48.0 15.2 1.3 137.3 11.4 0.1 2.1 -4.0 -64.9 -16.4 -2.9 -57.1 -33.3 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 26 Table 6.2 Rhode Island Exports by Country of Destination Top 10 Gains and Losses 2000-2001 and 1998-2001 TOP 10 GROWTH COUNTRIES 2000-2001 1 United Kingdom 2 China (Taiwan) 3 Singapore 4 Ukraine 5 China (Mainland) 6 Portugal 7 India 8 Australia 9 Germany 10 Peru TOP 10 GROWTH COUNTRIES 1998-2001 1 United Kingdom 2 Singapore 3 China (Taiwan) 4 China (Mainland) 5 Netherlands 6 Ukraine 7 Korea, Republic Of 8 Portugal 9 Italy 10 India TOP 10 LOSSES 2000-2001 1 Mexico 2 Canada 3 Ireland 4 Hong Kong 5 Malaysia 6 Republic Of South Africa 7 Italy 8 Argentina 9 Belgium 10 Israel TOP 10 LOSSES 1998-2001 1 Japan 2 Ireland 3 Malaysia 4 Canada 5 Philippines 6 Hong Kong 7 Switzerland 8 Sweden 9 New Zealand 10 Argentina RI ($mil) 2001 125.1 45.1 60.3 18.7 32.3 15.9 13.1 19.3 47.3 5.9 RI ($mil) 2001 125.1 60.3 45.1 32.3 40.4 18.7 26.9 15.9 26.6 13.1 RI ($mil) 2001 69.4 352.1 10.8 34.5 7.6 3.0 26.6 2.1 35.7 5.0 RI ($mil) 2001 68.0 10.8 7.6 352.1 22.8 34.5 7.5 16.2 1.6 2.1 RI 00-01 INCR ($mil) 71.7 24.3 17.7 16.3 14.8 14.1 8.5 7.0 6.1 5.3 RI 00-01 INCR ($mil) 71.7 17.7 24.3 14.8 4.6 16.3 1.5 14.1 -8.6 8.5 RI 00-01 INCR ($mil) -39.5 -22.3 -15.6 -12.1 -11.3 -10.8 -8.6 -4.0 -3.6 -3.5 RI 00-01 INCR ($mil) 0.2 -15.6 -11.3 -22.3 5.2 -12.1 0.9 0.8 0.4 -4.0 RI 00-01 %INCR 134.4 116.3 41.5 680.9 84.4 786.2 183.0 56.9 14.8 795.5 RI 00-01 %INCR 134.4 41.5 116.3 84.4 13.0 680.9 5.8 786.2 -24.4 183.0 RI 00-01 %INCR -36.3 -6.0 -59.1 -25.9 -59.8 -78.0 -24.4 -64.9 -9.1 -41.4 RI 00-01 %INCR 0.3 -59.1 -59.8 -6.0 29.7 -25.9 13.6 5.5 32.3 -64.9 US 00-01 %INCR -1.9 -25.5 -0.7 10.2 18.3 31.6 2.8 -12.2 3.0 -5.7 US 00-01 %INCR -1.9 -0.7 -25.5 18.3 -11.1 10.2 -20.4 31.6 -9.9 2.8 US 00-01 %INCR -9.1 -7.2 -7.5 -3.8 -14.7 -4.0 -9.9 -16.4 -3.1 -3.5 US 00-01 %INCR -11.7 -7.5 -14.7 -7.2 -12.8 -3.8 -1.1 -22.1 8.1 -16.4 RI 98-01 INCR ($mil) 63.8 31.6 42.9 18.3 21.6 13.4 11.5 1.4 7.7 4.6 RI 98-01 INCR ($mil) 63.8 42.9 31.6 21.6 20.3 18.3 16.5 13.4 12.2 11.5 RI 98-01 INCR ($mil) -2.1 -19.7 -29.0 -3.7 -22.1 0.2 12.2 -2.9 6.3 1.4 RI 98-01 INCR ($mil) -42.8 -29.0 -22.1 -19.7 -3.9 -3.7 -3.5 -3.0 -2.9 -2.9 RI 98-01 %INCR 103.9 233.0 246.3 4,850.4 201.1 555.8 731.5 7.8 19.5 347.7 RI 98-01 %INCR 103.9 246.3 233.0 201.1 101.2 4,850.4 158.2 555.8 84.5 731.5 RI 98-01 %INCR -2.9 -5.3 -72.9 -9.7 -74.4 7.8 84.5 -57.1 21.5 39.7 RI 98-01 %INCR -38.6 -72.9 -74.4 -5.3 -14.7 -9.7 -32.0 -15.7 -65.4 -57.1 US 98-01 %INCR 4.4 0.0 12.9 -44.2 34.9 41.8 6.2 -8.3 13.0 -23.8 US 98-01 %INCR 4.4 12.9 0.0 34.9 2.7 -44.2 34.2 41.8 9.8 6.2 US 98-01 %INCR 28.5 6.2 26.5 8.9 4.8 -18.3 9.8 -33.3 -2.8 7.2 US 98-01 %INCR -0.4 26.5 4.8 6.2 13.8 8.9 35.6 -7.1 13.3 -33.3 RI AS % US 2001 0.3 0.2 0.3 9.1 0.2 1.3 0.3 0.2 0.2 0.4 RI AS % US 2001 0.3 0.3 0.2 0.2 0.2 9.1 0.1 1.3 0.3 0.3 RI AS % US 2001 0.1 0.2 0.2 0.2 0.1 0.1 0.3 0.1 0.3 0.1 RI AS % US 2001 0.1 0.2 0.1 0.2 0.3 0.2 0.1 0.5 0.1 0.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 27 Table 7 Rhode Island Exports by Country of Destination by Leading HS Chapters Top 12 Countries by Top 10 2-Digit HS Commodity Chapters Dollar Value of Shipments in Millions HS TOTAL ALL COUNTRIES Canada 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 84 Industrial Machinery, Including Computers 39 Plastics And Articles Thereof 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 73 Articles Of Iron Or Steel 70 Glass And Glassware 3 Fish, Crustaceans & Aquatic Invertebrates 87 Vehicles, Except Railway Or Tramway, And Parts Etc 98 Special Classification Provisions, Nesoi United Kingdom 84 Industrial Machinery, Including Computers 39 Plastics And Articles Thereof 96 Miscellaneous Manufactured Articles 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 49 Printed Books, Newspapers Etc; Manuscripts Etc 59 Impregnated Etc Text Fabrics; Tex Art For Industry 89 Ships, Boats And Floating Structures 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) Mexico 72 Iron And Steel 39 Plastics And Articles Thereof 70 Glass And Glassware 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 84 Industrial Machinery, Including Computers 73 Articles Of Iron Or Steel 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 87 Vehicles, Except Railway Or Tramway, And Parts Etc 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 56 Wadding, Felt Etc; Sp Yarn; Twine, Ropes Etc. Japan 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 84 Industrial Machinery, Including Computers 96 Miscellaneous Manufactured Articles 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 3 Fish, Crustaceans & Aquatic Invertebrates 39 Plastics And Articles Thereof 40 Rubber And Articles Thereof 29 Organic Chemicals 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks RI ($mil) RI 00-01 2001 INCR ($mil) 1,268.6 83.0 352.1 -22.3 76.0 0.1 60.5 -10.5 34.8 -3.1 27.9 0.1 17.5 0.1 15.7 7.3 11.0 -2.5 7.8 1.2 7.6 -6.1 6.7 -0.9 125.1 71.7 75.9 63.1 8.1 2.3 7.9 6.2 6.5 -1.9 6.0 0.7 5.5 1.3 1.8 0.9 1.3 0.7 1.1 0.8 0.9 0.1 69.4 -39.5 12.6 -6.5 9.6 3.7 8.8 6.4 6.5 -4.6 5.3 -4.3 4.3 -2.3 3.4 -26.3 2.9 -0.3 2.6 -0.5 2.3 1.1 68.0 0.2 33.3 3.6 8.1 -1.0 6.9 0.9 5.4 0.6 3.7 -2.8 2.1 0.4 1.2 -1.0 0.7 -0.6 0.7 0.2 0.7 0.4 RI 00-01 US 00-01 RI 98-01 %INCR %INCR INCR ($mil) 7.0 -6.3 166.8 -6.0 -7.2 -19.7 0.1 -9.4 -0.9 -14.8 -21.2 -9.2 -8.3 -9.9 -13.4 0.3 -3.9 -0.2 0.6 -6.8 6.4 86.9 -4.9 4.7 -18.7 -5.3 2.5 17.6 -3.5 2.4 -44.6 -10.5 -3.4 -11.5 43.4 -2.5 134.4 -1.9 63.8 490.9 -6.6 67.5 40.7 1.5 4.1 360.8 -8.9 7.4 -23.1 -16.9 1.7 12.7 -16.1 0.3 31.6 -7.8 1.7 115.2 -7.5 0.9 140.8 -14.5 0.4 203.2 -1.9 0.4 8.4 -6.1 0.2 -36.3 -9.1 -2.1 -34.0 5.6 2.1 62.5 -8.0 4.6 267.8 -8.4 6.0 -41.5 -15.7 -6.2 -44.3 -6.2 -0.6 -35.0 -25.6 -0.6 -88.7 -23.5 -10.2 -8.9 -3.4 1.7 -15.5 7.1 -0.3 99.0 1.2 1.6 0.3 -11.7 -42.8 12.2 -16.6 -30.5 -10.8 -9.2 -0.5 14.4 -15.2 2.6 12.7 -5.7 -11.7 -42.9 -1.1 -0.3 26.7 -3.3 -0.6 -45.0 -8.4 -0.7 -44.6 0.3 -0.3 48.8 -13.2 0.3 116.9 -17.1 0.2 RI 98-01 US 98-01 RI AS % %INCR %INCR US 2001 15.1 7.4 0.2 -5.3 6.2 0.2 -1.2 -14.0 7.9 -13.2 -0.4 0.3 -27.7 1.5 0.1 -0.9 14.5 0.4 57.8 15.4 0.3 42.2 5.4 0.4 30.0 18.4 0.8 43.3 30.3 1.4 -31.0 -3.1 0.0 -26.9 54.4 0.1 103.9 4.4 0.3 799.6 3.6 0.7 104.6 2.1 1.0 1,396.4 -21.9 13.2 35.0 5.5 0.1 4.4 -40.9 0.3 45.1 24.7 0.2 99.7 2.8 0.4 48.8 -25.5 3.0 54.1 -77.3 2.4 30.9 -13.4 0.3 -2.9 28.5 0.1 19.5 21.7 1.0 91.3 33.2 0.1 210.0 36.6 1.9 -48.7 32.4 0.0 -9.7 30.3 0.0 -12.4 9.0 0.2 -75.3 38.7 0.7 141.8 38.5 0.0 -11.8 40.8 0.1 249.0 0.0 0.9 -38.6 -0.4 0.1 -47.8 3.2 0.4 -5.6 74.5 1.0 60.1 14.4 0.1 -68.5 -18.4 9.4 -8.1 23.5 0.1 -22.4 21.2 0.2 -37.4 15.6 0.1 -32.6 -11.2 0.2 72.1 9.9 0.1 57.1 -14.9 0.4 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 28 Table 7 (continued) Rhode Island Exports by Country of Destination by Leading HS Chapters Top 12 Countries by Top 10 2-Digit HS Commodity Chapters Dollar Value of Shipments in Millions HS TOTAL ALL COMMODITIES Singapore 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 84 Industrial Machinery, Including Computers 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 37 Photographic Or Cinematographic Goods 96 Miscellaneous Manufactured Articles 39 Plastics And Articles Thereof 74 Copper And Articles Thereof 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 29 Organic Chemicals Germany 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 84 Industrial Machinery, Including Computers 39 Plastics And Articles Thereof 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 96 Miscellaneous Manufactured Articles 40 Rubber And Articles Thereof 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 59 Impregnated Etc Text Fabrics; Tex Art For Industry 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) China (Taiwan) 84 Industrial Machinery, Including Computers 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 96 Miscellaneous Manufactured Articles 39 Plastics And Articles Thereof 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 70 Glass And Glassware 73 Articles Of Iron Or Steel 42 Leather Art; Saddlery Etc; Handbags Etc; Gut Art 22 Beverages, Spirits And Vinegar Netherlands 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 39 Plastics And Articles Thereof 84 Industrial Machinery, Including Computers 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 29 Organic Chemicals 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 96 Miscellaneous Manufactured Articles 83 Miscellaneous Articles Of Base Metal 68 Art Of Stone, Plaster, Cement, Asbestos, Mica Etc. 38 Miscellaneous Chemical Products RI ($mil) RI 00-01 2001 INCR ($mil) 1,268.6 83.0 60.3 17.7 43.4 12.7 8.0 5.4 1.9 0.2 1.9 0.2 1.0 -0.4 0.9 0.2 0.4 0.1 0.4 0.1 0.4 -0.3 0.3 0.0 47.3 6.1 9.8 4.2 8.0 3.2 7.2 -2.0 5.0 -0.8 4.4 -1.4 3.6 2.4 1.5 -0.1 1.2 -0.3 1.2 0.4 0.7 0.4 45.1 24.3 35.0 32.6 3.0 -2.3 2.4 1.2 1.4 -4.3 0.8 -0.2 0.6 -0.8 0.4 0.1 0.3 0.1 0.3 0.2 0.2 0.2 40.4 4.6 11.0 -0.7 9.3 3.0 5.0 1.4 3.1 -0.9 2.3 0.6 2.1 0.9 1.1 0.3 0.9 0.2 0.8 0.8 0.8 0.0 RI 00-01 US 00-01 RI 98-01 %INCR %INCR INCR ($mil) 7.0 -6.3 166.8 41.5 -0.7 42.9 41.3 -25.7 37.1 212.9 3.6 7.6 10.8 -13.8 -1.7 9.6 -25.2 -1.0 -29.4 -17.0 0.9 23.1 45.2 0.5 35.5 -16.8 0.1 47.5 -58.2 0.2 -49.0 -38.6 -0.2 10.2 0.7 0.2 14.8 3.0 7.7 73.6 -5.0 0.7 66.7 8.6 1.7 -21.6 -1.0 -0.2 -14.3 -3.8 4.0 -24.8 6.6 0.1 207.4 5.8 2.9 -8.0 10.4 0.6 -22.3 8.9 1.0 44.9 14.0 0.4 104.6 -15.5 0.5 116.3 -25.5 31.6 1,311.2 -38.9 34.0 -43.0 -24.7 -1.5 103.6 -41.8 0.9 -75.2 -60.6 -0.4 -21.6 -17.1 0.3 -55.6 -50.2 0.0 28.8 39.5 0.3 73.4 8.0 -1.2 1,635.1 39.5 0.2 NA -14.4 0.2 13.0 -11.1 20.3 -6.0 -15.5 3.9 48.4 -7.8 7.5 40.0 -15.4 3.0 -22.5 -5.3 0.3 38.1 -10.1 1.5 76.9 -0.9 0.0 30.3 -27.3 1.1 30.1 28.9 0.1 6,373.5 60.2 0.8 4.2 -5.1 0.3 RI 98-01 US 98-01 RI AS % %INCR %INCR US 2001 15.1 7.4 0.2 246.3 12.9 0.3 592.2 -15.1 1.0 2,077.6 56.9 10.9 -46.1 7.7 0.0 -34.2 13.9 0.2 1,193.4 15.4 1.1 109.2 35.6 4.5 38.4 13.7 0.1 98.1 -3.8 2.1 -37.4 -0.4 0.6 203.4 19.3 0.1 19.5 13.0 0.2 7.5 22.8 7.8 26.5 30.6 0.2 -3.3 17.9 0.1 398.1 -6.0 0.8 2.9 41.4 0.1 384.1 -18.8 13.2 60.3 30.7 0.6 411.4 116.3 0.3 51.4 7.8 2.0 214.6 -14.3 0.4 233.0 0.0 0.2 3,268.2 12.1 1.0 -33.6 16.8 0.1 60.2 23.0 0.2 -22.0 3.0 14.3 77.1 19.4 0.1 6.9 -29.1 0.8 285.2 80.2 0.5 -81.0 12.1 0.3 155.9 134.7 2.1 NA -30.7 0.6 101.2 2.7 0.2 55.7 26.2 0.4 399.4 -11.8 1.4 149.5 2.6 0.1 9.6 8.6 0.1 187.3 -9.8 0.2 0.2 -15.1 0.9 8,412.6 2.1 4.8 18.2 31.4 4.1 5,956.3 20.6 3.4 85.4 24.0 0.2 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 29 Table 7 (continued) Rhode Island Exports by Country of Destination by Leading HS Chapters Top 12 Countries by Top 10 2-Digit HS Commodity Chapters Dollar Value of Shipments in Millions HS TOTAL ALL COMMODITIES Belgium 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 37 Photographic Or Cinematographic Goods 39 Plastics And Articles Thereof 84 Industrial Machinery, Including Computers 74 Copper And Articles Thereof 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 38 Miscellaneous Chemical Products 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 70 Glass And Glassware Hong Kong 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 39 Plastics And Articles Thereof 60 Knitted Or Crocheted Fabrics 70 Glass And Glassware 96 Miscellaneous Manufactured Articles 84 Industrial Machinery, Including Computers 83 Miscellaneous Articles Of Base Metal China (Mainland) 72 Iron And Steel 76 Aluminum And Articles Thereof 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 84 Industrial Machinery, Including Computers 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 39 Plastics And Articles Thereof 74 Copper And Articles Thereof 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks 48 Paper & Paperboard & Articles (Inc Papr Pulp Artl) Korea, Republic Of 72 Iron And Steel 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 34 Soap Etc; Waxes, Polish Etc; Candles; Dental Preps 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 84 Industrial Machinery, Including Computers 96 Miscellaneous Manufactured Articles 51 Wool & Animal Hair, Including Yarn & Woven Fabric 39 Plastics And Articles Thereof 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 73 Articles Of Iron Or Steel RI ($mil) RI 00-01 2001 INCR ($mil) 1,268.6 83.0 35.7 -3.6 21.7 -2.0 9.5 0.9 1.2 0.5 1.1 -0.3 0.3 -0.6 0.3 -0.2 0.2 -0.1 0.2 -0.4 0.2 0.2 0.1 0.1 34.5 -12.1 5.7 -4.1 5.5 -3.6 5.2 0.8 3.7 -4.3 3.3 -0.4 1.8 1.2 1.6 0.6 1.6 -0.5 1.3 -0.1 0.8 0.5 32.3 14.8 12.4 12.1 5.2 5.0 4.4 1.3 1.9 -4.1 1.3 0.0 1.2 0.3 0.9 0.5 0.7 0.1 0.6 0.5 0.5 0.1 26.9 1.5 16.1 3.6 2.9 1.4 2.1 0.9 1.0 -0.1 0.9 -0.6 0.8 -0.4 0.6 -0.6 0.4 0.0 0.3 -0.9 0.3 0.1 RI 00-01 US 00-01 RI 98-01 RI 98-01 US 98-01 RI AS % %INCR %INCR INCR ($mil) %INCR %INCR US 2001 7.0 -6.3 166.8 15.1 7.4 0.2 -9.1 -3.1 6.3 21.5 -2.8 0.3 -8.3 4.6 13.2 155.9 29.4 1.8 10.9 -37.3 -0.9 -8.4 29.0 23.5 67.9 0.7 0.8 219.6 21.4 0.1 -22.7 -6.2 -1.4 -55.5 5.5 0.0 -65.0 20.8 0.0 17.7 -23.2 1.1 -44.5 -14.8 -1.1 -79.3 10.6 0.0 -34.9 -1.2 0.0 12.7 -3.2 0.1 -65.9 3.5 -0.8 -80.8 16.3 0.0 963.1 -11.5 0.2 2,093.1 -21.9 0.2 91.6 -4.7 0.1 486.4 -6.0 0.1 -25.9 -3.8 -3.7 -9.7 8.9 0.2 -42.0 -5.8 1.1 23.0 57.6 0.7 -39.6 -15.8 -1.2 -17.4 13.3 0.1 19.3 -9.5 -2.8 -35.2 -35.7 2.3 -53.9 49.3 1.1 41.3 75.5 0.3 -9.9 -14.8 0.5 17.3 13.7 0.5 199.9 -24.6 0.5 42.1 -21.2 9.2 62.1 -18.0 1.0 156.2 -40.9 4.1 -22.7 -10.9 -0.3 -16.4 10.3 4.0 -9.2 -1.6 -1.8 -57.5 23.1 0.0 205.0 -3.1 -0.6 -41.5 -14.1 2.7 84.4 18.3 21.6 201.1 34.9 0.2 4,201.3 72.2 12.2 6,276.4 401.6 2.7 2,136.6 -8.1 5.0 2,691.7 96.6 1.8 39.2 53.1 2.0 83.5 83.6 0.4 -67.8 16.9 0.6 50.2 49.7 0.0 -0.4 27.4 -1.5 -55.2 95.7 0.0 35.9 16.1 0.5 77.6 96.1 0.1 119.1 -0.4 0.5 121.9 260.4 0.3 10.3 -18.8 0.6 291.3 142.9 1.1 991.3 55.9 0.6 NA 192.8 0.5 22.8 -17.6 0.0 -3.5 -2.1 0.2 5.8 -20.4 16.5 158.2 34.2 0.1 28.6 -22.6 16.1 NA 2.9 7.3 88.4 -16.0 1.7 134.9 61.5 0.2 67.1 26.4 2.1 54,207.9 149.9 2.7 -6.9 81.4 0.4 70.3 142.0 0.3 -42.1 -36.1 0.3 58.1 55.5 0.0 -34.4 -28.4 0.1 23.1 7.2 4.7 -49.2 -57.0 -0.3 -31.9 -50.2 27.4 -0.1 -9.2 0.2 206.7 40.8 0.1 -73.7 -39.8 -1.0 -75.2 8.5 0.0 31.8 5.3 -0.2 -36.5 70.0 0.3 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 30 Table 8 Rhode Island Exports by Country of Destination by Leading HS Commodities Top 12 Countries by Top 10 6-Digit HS Commodities Dollar Value of Shipments in Millions HS 850440 711290 731700 854411 700239 711210 711319 711011 710691 870831 847090 960810 710691 392020 901410 847990 847160 490199 960839 392062 701810 722300 720449 392690 870829 731100 850440 560790 731700 711319 850440 711719 960810 847790 847990 903210 30270 853610 847989 854390 TOTAL ALL COUNTRIES Canada Static Converters; Adp Power Supplies Waste And Scrap Of Precious Metal Nesoi Nails, Tacks, Drawing Pins Etc Of Iron Or Steel Insulated Winding Wire Of Copper Tubes Of Glass Nesoi, Unworked Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls Jewelry And Parts Thereof, Of Oth Precious Metal Platinum, Unwrought Or Powder Silver, Unwrought Nesoi Mounted Brake Linings For Motor Vehicles United Kingdom Postage-Franking & Similar Mach With Calcltng Dvce Ball Point Pens Silver, Unwrought Nesoi Plates, Sheets Etc, Non-Cell Etc, Polymr Propylene Direction Finding Compass Pts Of Mach/Mechncl Appl W Indvdul Function Nesoi Adp Input Or Output Units, Storage Or Not, Nesoi Printed Books, Brochures, Etc., Nesoi Fountain Pens,Stylograph Pens And Other Pens,Nesoi Plates Etc, Noncell Etc, Polyethylene Terephthlate Mexico Glss Beads Imit Prls Prc/Smprc St Etc;Art Nt Jwlry Wire Of Stainless Steel Ferrous Waste & Scrap Nesoi Articles Of Plastics, Nesoi Pts & Access Of Bodies Of Motor Vehicles, Nesoi Contnrs Fr Cmprssd O Lqfd Gas Of Iron O Steel Static Converters; Adp Power Supplies Twine, Cord Whet/Nt Plait Impreg W/Rub/Plast Nesoi Nails, Tacks, Drawing Pins Etc Of Iron Or Steel Jewelry And Parts Thereof, Of Oth Precious Metal Japan Static Converters; Adp Power Supplies Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd Ball Point Pens Pts Mach For Work Rubber/Plast/Mfg Rbbr/Plstc Prod Pts Of Mach/Mechncl Appl W Indvdul Function Nesoi Thermostats Fish Livers And Roes, Fresh Or Chilled Fuses For Voltage Not Exceeding 1000 V Mach & Mechanical Appl W Individual Function Nesoi Pt Elec Mach & Appr W Individual Functions, Nesoi RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 2001 INCR ($mil) %INCR %INCR INCR ($mil) 1,268.6 83.0 7.0 -6.3 166.8 352.1 -22.3 -6.0 -7.2 -19.7 34.5 0.2 0.5 -11.2 0.3 33.0 3.3 11.3 80.9 -5.4 9.0 7.5 503.4 18.1 4.0 8.3 0.8 10.0 -18.9 0.9 7.7 -1.1 -12.4 -7.8 4.3 7.5 -8.9 -54.3 -23.8 -7.2 6.2 0.6 10.2 -0.7 4.4 6.0 0.2 4.3 91.2 4.2 5.7 5.4 1,986.5 1,022.6 5.7 5.1 -5.1 -50.1 6.0 -3.6 125.1 71.7 134.4 -1.9 63.8 64.1 63.9 45,964.2 437.2 64.1 3.4 2.7 399.8 77.1 3.4 2.6 2.5 4,106.3 415.6 2.4 1.8 0.9 105.0 -33.4 1.6 1.6 1.2 298.8 9.7 1.4 1.5 -0.6 -27.8 9.2 0.5 1.5 0.8 132.9 -16.1 1.4 1.5 1.0 221.2 -6.5 0.7 1.5 1.4 1,876.4 73.6 1.5 1.4 1.1 387.2 -30.0 1.4 69.4 -39.5 -36.3 -9.1 -2.1 7.2 5.8 396.1 396.5 6.8 6.2 -1.5 -19.0 24.0 -0.8 6.0 -4.2 -41.0 -23.6 3.0 4.4 4.1 1,105.4 -15.7 4.1 2.1 0.3 18.0 -2.1 2.1 1.8 -1.3 -42.0 -34.8 -1.0 1.7 0.7 70.1 -15.9 1.2 1.6 1.5 986.0 -17.7 1.6 1.3 0.0 1.3 -1.5 0.4 1.3 1.0 385.7 14.1 1.0 68.0 0.2 0.3 -11.7 -42.8 30.1 3.5 13.0 8.2 6.2 6.2 -1.3 -17.4 0.6 2.9 3.9 0.2 4.2 -15.4 -1.6 2.3 1.4 172.8 3.9 2.3 1.7 -0.6 -27.3 -26.9 -0.1 1.1 -2.2 -67.2 -49.9 -2.2 0.9 0.0 -2.0 -3.4 0.3 0.9 -0.4 -33.3 -40.5 -0.7 0.8 0.1 11.8 -42.2 0.5 0.7 0.7 NA -31.4 0.7 RI 98-01 US 98-01 RI AS % %INCR %INCR US 2001 15.1 7.4 0.2 -5.3 6.2 0.2 0.8 25.7 6.9 -14.2 110.0 23.2 81.8 -3.5 30.4 12.8 7.0 12.4 129.4 67.1 58.2 -49.1 -23.3 5.6 249.7 95.4 4.0 230.1 67.7 8.9 NA 0.8 45.9 -41.1 -1.4 8.3 103.9 4.4 0.3 NA 1,294.4 90.3 5,353.2 12.5 34.8 2,217.8 -78.4 2.9 768.6 18.2 22.0 613.7 -3.8 21.6 52.9 23.4 1.3 1,042.0 -10.6 0.7 89.1 5.9 0.6 NA -29.6 46.1 3,442.7 -16.1 4.5 -2.9 28.5 0.1 1,759.1 615.2 83.0 -10.8 36.0 22.7 100.5 -28.6 11.0 1,198.1 47.8 0.2 NA 76.9 0.1 -35.8 -35.5 11.7 232.2 1.7 0.8 NA -16.7 30.4 41.6 50.6 12.4 435.8 171.6 0.9 -38.6 -0.4 0.1 26.2 62.8 19.5 87.1 39.3 51.1 -29.4 -15.9 50.7 NA 101.2 6.6 -4.9 2.8 0.7 -67.4 -49.9 31.8 45.0 44.7 7.0 -44.7 -8.9 3.7 160.2 41.4 0.1 NA 48.8 0.9 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 31 Table 8 (continued) Rhode Island Exports by Country of Destination by Leading HS Commodities Top 12 Countries by Top 10 6-Digit HS Commodities Dollar Value of Shipments in Millions HS 854214 283719 854213 850440 854230 854219 903180 854140 370790 854110 320415 902790 903180 320417 852540 960810 392062 844330 392099 847790 847090 847160 903180 850490 960810 842890 850440 390730 710610 847329 850440 392062 850490 846719 291090 390930 903180 481131 847290 830520 TOTAL ALL COMMODITIES Singapore Monolithic Digital Integ Circuits,Bipolar Tchnolgy Cyanides And Cyanide Oxides, Nesoi Metal Oxide Semiconductors(Mos),Mono Digital Integ Static Converters; Adp Power Supplies Electronic Monolithic Integrated Circuit,N.E.S.O.I Monolithic Integrated Circuits, Digital, Nesoi Meas & Checkng Instrument, Appliances & Mach Nesoi Photosnsitve Semicndctr Dvice Inc Phtvltc Cell Etc Chem Prep,Photo Use, Meas/Rtl Sale, Nesoi Diodes Ex Photosensitive Or Light-Emitting Diodes Germany Vat Dyes & Preparations Based Thereon Pts Of Inst, Phys/Chem Analysis Etc, Nesoi Meas & Checkng Instrument, Appliances & Mach Nesoi Pigments & Preparations Based Thereon Still Image Video Cameras & Othr Video Camera Reco Ball Point Pens Plates Etc, Noncell Etc, Polyethylene Terephthlate Flexographic Printing Machinery Plates Etc, Noncell, Nt Rein, Of Plastics Nesoi Pts Mach For Work Rubber/Plast/Mfg Rbbr/Plstc Prod China (Taiwan) Postage-Franking & Similar Mach With Calcltng Dvce Adp Input Or Output Units, Storage Or Not, Nesoi Meas & Checkng Instrument, Appliances & Mach Nesoi Pts For Elect Transformers Static Converters Indct Ball Point Pens Lifting, Handling, Loading & Unloading Machy Nesoi Static Converters; Adp Power Supplies Epoxide Resins, Pr Fms Silver Powder Parts For Mach,Nesoi, Incorp Calculating Device Netherlands Static Converters; Adp Power Supplies Plates Etc, Noncell Etc, Polyethylene Terephthlate Pts For Elect Transformers Static Converters Indct Pneumatic Ex Rotary Type Tools For Work In Hand Epoxides, Epoxyalcohols Etc With 3-Member Ring Etc Amino-Resins Nesoi, Pr Fms Meas & Checkng Instrument, Appliances & Mach Nesoi Paper Nesoi, Ov150g/M2, Bleach, Impr Or Plast Covr Ofc Mach For Automatic Banknote Dispensers, Etc Staples In Strips, Of Base Metal RI ($mil) RI 00-01 RI 00-01 US 00-01 RI 98-01 2001 INCR ($mil) %INCR %INCR INCR ($mil) 1,268.6 83.0 7.0 -6.3 166.8 60.3 17.7 41.5 -0.7 42.9 23.0 7.4 47.5 -40.0 22.6 8.0 5.4 212.9 15.3 7.6 6.4 3.9 159.9 -43.7 6.3 3.0 0.6 23.7 -1.1 2.6 2.7 -2.8 -50.9 0.2 2.4 2.1 1.3 173.7 138.3 2.1 1.0 0.4 57.2 -6.9 0.7 1.0 0.9 535.9 -48.2 1.0 1.0 -0.4 -29.6 3.5 0.9 0.8 0.8 6,450.0 -30.9 0.8 47.3 6.1 14.8 3.0 7.7 6.5 1.7 36.1 -4.4 0.7 2.9 2.5 610.5 -3.8 2.9 2.7 0.1 2.6 10.8 1.0 2.7 1.9 241.1 -4.7 1.3 2.1 1.2 151.5 12.5 2.1 1.8 1.3 280.3 81.4 1.7 1.8 -1.6 -47.7 -25.6 1.8 1.4 1.4 2,501.7 -0.6 1.2 1.1 0.5 86.7 15.5 1.1 1.1 -0.9 -44.8 -9.5 0.8 45.1 24.3 116.3 -25.5 31.6 28.2 28.2 NA 1,692.9 28.2 3.7 3.7 94,810.0 4.8 3.7 1.4 1.1 309.8 16.0 1.0 1.3 1.2 2,464.4 75.9 1.3 0.9 -2.3 -71.0 -66.8 -0.1 0.9 0.9 NA 32.0 0.9 0.6 0.1 15.1 6.5 0.6 0.5 0.4 282.4 -14.4 0.5 0.5 -0.6 -55.7 -62.2 0.5 0.4 0.4 15,945.2 -69.8 0.4 40.4 4.6 13.0 -11.1 20.3 6.0 1.2 24.4 15.5 5.7 4.1 1.2 39.7 -1.4 3.2 3.7 -1.6 -30.0 -23.5 1.6 2.4 1.0 74.7 115.5 2.3 2.3 0.6 38.6 28.4 1.5 2.3 -0.1 -5.8 -30.2 1.7 1.6 0.5 47.6 -11.0 -0.1 1.5 1.5 NA 29.8 1.5 0.9 0.5 153.6 -46.4 0.9 0.9 0.2 28.9 4.6 0.2 RI 98-01 US 98-01 RI AS % %INCR %INCR US 2001 15.1 7.4 0.2 246.3 12.9 0.3 4,688.1 -73.7 30.8 2,120.1 2,871.3 40.4 35,581.4 -19.6 0.4 617.8 12.5 7.6 745.8 -9.7 0.5 NA 321.4 0.7 181.2 25.5 4.2 NA -26.2 3.9 1,266.6 -13.6 12.2 NA 175.4 2.1 19.5 13.0 0.2 12.0 56.5 68.7 NA 8.8 3.7 54.1 21.0 3.0 100.5 16.9 10.8 NA 82.5 14.9 1,832.5 8.6 63.9 NA -71.4 11.0 586.3 178.1 27.3 NA 45.1 4.3 296.0 23.2 3.1 233.0 0.0 0.2 NA 6,495.6 95.3 122,456.5 41.6 7.8 256.8 18.3 4.8 NA 59.9 6.0 -7.6 -32.3 72.3 NA -15.6 9.5 3,032.4 42.3 1.3 1,172.6 10.5 0.8 1,614.4 224.7 6.9 NA -59.1 8.5 101.2 2.7 0.2 1,484.4 45.0 6.0 373.5 -47.7 35.7 80.4 -6.3 34.8 4,861.6 1,218.6 10.4 187.6 26.3 71.6 328.8 -27.7 43.5 -8.4 21.1 9.8 NA 48.7 11.0 NA -41.2 16.7 22.2 9.9 69.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 32 Table 8 (continued) Rhode Island Exports by Country of Destination by Leading HS Commodities Top 12 Countries by Top 10 6-Digit HS Commodities Dollar Value of Shipments in Millions HS 711210 370790 711290 711220 711021 847329 740400 846330 382200 390461 711319 853890 600230 481029 481190 903210 392030 960810 482190 901720 720449 760200 903180 320810 740400 392390 903190 846299 340120 711790 720449 340111 720441 903180 902490 510320 711319 960810 847990 711719 TOTAL ALL COMMODITIES Belgium Waste & Scrap Gold Excl Swpngs Cntng Oth Prec Mtls Chem Prep,Photo Use, Meas/Rtl Sale, Nesoi Waste And Scrap Of Precious Metal Nesoi Plat Wst A Scrp Nt Cntng Oth Prec Mtls Palladium, Unwrought Or In Powder Form Parts For Mach,Nesoi, Incorp Calculating Device Copper Waste And Scrap Machines For Working Wire Composite Diagnostic/Lab Reagents, Exc Pharmaceut Polytetrafluoroethylene (Ptfe), Pr Fms Hong Kong Jewelry And Parts Thereof, Of Oth Precious Metal Pt F Elect Appr F Elect Circt; F Elct Contrl Nesoi Othr Knit/Crchet Fabrc >5% Elastomrc Yrn/Rubr Thrd Ppr/Pbrd Ex Lit-Wgh Writng Etc Clay Ctd Ov 10% Mec Paper, Paperbd, Cellulose Wadd Etc, Coat Etc Nesoi Thermostats Plates, Sheets Etc, Non-Cell Etc. Polymer Styrene Ball Point Pens Paper And Paperboard Labels, All Kinds, Not Print Drawng Markng-Out Math Calcultng Ins Ex Drft Tble China (Mainland) Ferrous Waste & Scrap Nesoi Aluminum Waste And Scrap Meas & Checkng Instrument, Appliances & Mach Nesoi Paints & Varnishes,In Nonaqueous Medium,Polyesters Copper Waste And Scrap Art For Conveying Or Packing Goods Nesoi, Plastic Pts, Of Mach Nesoi In This Chap,& Profile Projectr Mach Tools For Working Met By Forging Etc Nesoi Soap In Forms Nesoi Imitation Jewelry Not Of Base Metal Korea, Republic Of Ferrous Waste & Scrap Nesoi Soap & Oth Organic Surf Act Prod, Toilet Use, Bars Ferrous Waste & Scrap Nesoi, Turnings, Chips Etc Meas & Checkng Instrument, Appliances & Mach Nesoi Pts, Machine & Appln, Test Hardness/Strength, Etc Waste Of Wool Or Of Fine Animal, Nesoi Jewelry And Parts Thereof, Of Oth Precious Metal Ball Point Pens Pts Of Mach/Mechncl Appl W Indvdul Function Nesoi Oth Imitation Jewelry, Base Metal, Inc Pr Mtl Pltd RI ($mil) RI 00-01 2001 INCR ($mil) 1,268.6 83.0 35.7 -3.6 15.9 4.4 9.5 0.9 3.9 -3.1 1.2 -1.9 0.4 -0.2 0.3 0.1 0.3 -0.6 0.2 0.2 0.2 -0.1 0.2 0.0 34.5 -12.1 3.7 -2.8 3.3 2.0 1.8 1.3 1.8 0.3 1.7 0.0 1.5 -3.7 1.4 -1.0 1.2 0.0 1.0 0.7 0.9 0.3 32.3 14.8 12.3 12.3 5.0 4.8 3.3 1.8 0.6 0.6 0.5 0.3 0.5 0.4 0.4 -0.1 0.4 0.4 0.4 0.3 0.4 -0.1 26.9 1.5 14.3 3.4 2.1 0.9 1.6 0.6 1.3 0.8 0.8 0.8 0.5 -0.7 0.5 0.3 0.4 -0.3 0.4 0.0 0.3 -0.3 RI 00-01 US 00-01 RI 98-01 %INCR %INCR INCR ($mil) 7.0 -6.3 166.8 -9.1 -3.1 6.3 38.0 40.4 11.8 10.9 41.8 -0.9 -44.3 -37.6 1.1 -60.4 -26.4 0.6 -35.7 -71.6 0.2 39.5 -67.8 0.3 -65.0 -32.9 0.0 NA -56.9 0.2 -30.6 19.1 0.0 5.5 -22.2 0.2 -25.9 -3.8 -3.7 -43.1 85.0 0.7 161.7 22.4 2.7 228.2 14.7 0.6 18.0 -41.0 -0.6 -1.9 118.5 -3.6 -71.5 -31.5 -0.3 -41.6 -52.8 1.4 -1.4 -24.5 0.2 238.4 -13.1 0.9 50.4 166.6 0.8 84.4 18.3 21.6 NA 158.1 12.3 2,049.0 3.7 4.8 111.4 111.7 2.6 NA 147.0 0.6 125.6 51.9 0.4 890.1 -10.5 0.4 -22.9 41.0 0.3 NA 343.0 0.4 373.0 130.6 0.4 -27.5 50.1 0.3 5.8 -20.4 16.5 30.8 -6.7 14.3 77.6 113.0 2.1 56.4 -60.4 1.6 146.0 27.1 1.2 NA -38.1 0.8 -57.8 -59.7 0.3 309.7 86.0 0.4 -42.2 -80.1 0.3 -10.3 -7.4 0.3 -47.0 -84.7 0.1 RI 98-01 US 98-01 RI AS % %INCR %INCR US 2001 15.1 7.4 0.2 21.5 -2.8 0.3 280.2 86.2 66.1 -8.4 17.5 58.8 41.3 5.2 8.3 109.5 -69.9 37.8 116.3 -89.8 11.4 NA -69.1 58.8 17.7 -79.7 7.0 NA -43.4 82.1 19.1 55.6 0.2 386.5 160.4 16.0 -9.7 8.9 0.2 25.2 102.1 1.6 475.2 38.5 10.8 45.4 113.1 22.8 -23.5 -33.2 92.4 -67.9 156.8 4.4 -15.8 9.0 15.6 NA 29.3 91.2 19.7 -50.5 63.0 952.4 -4.0 18.6 1,583.8 824.2 7.0 201.1 34.9 0.2 NA 1,325.8 6.0 2,620.6 212.7 3.1 380.0 -9.2 8.2 NA 190.2 9.4 338.0 330.6 0.2 823.7 298.0 5.1 179.6 22.9 3.7 NA 1,245.2 4.7 NA 642.9 57.8 261.9 318.9 40.4 158.2 34.2 0.1 NA -17.1 14.0 NA 608.8 21.6 NA 4.1 64.1 2,774.2 2.6 2.8 NA -38.8 3.1 133.8 -24.5 100.0 1,070.2 15.2 8.5 146.2 22.2 32.2 257.0 130.9 0.1 56.0 -85.1 21.1 ■■ RI export growth exceeds US growth, ■ RI exports as a % of US exports exceeds RI average % of US exports Massachusetts Institute for Social and Economic Research 33 VI. APPENDIX State of Origin of Movement (OM) There are two different state export series produced by the U.S. Bureau of the Census, Foreign Trade Division: state of origin of movement (OM) and state of exporter location (EL). The origin of movement series, which began in 1987, is the one used in this report. The origin of movement, as reported by the exporter on the SED, is the state where the product began its journey to the point of export, the state of consolidation of shipments, the state of greatest value in the case of consolidation of shipments, or the state of a foreign trade zone. That state is not necessarily the state of manufacture or where the product was grown or mined. It may in some cases be the state of a broker or wholesaler or the state of consolidation of shipments. This issue results in some inflation of exports for the major port states and understatement of exports for other states. The problem is most acute for agricultural shipments and less so for manufactured exports. Nevertheless, for manufactured exports the OM series is the closest to state of production origin. State of Exporter Location (EL) The second state export data series is the Exporter Location (EL) series, introduced by the Census Bureau in 1993. The EL series is not used in this report. The state of the exporter location is based on the zip code of the exporter filing the SED and reflects the state of sales activity. In many cases the exporter is the manufacturing firm and the exporter location is also the production location. However, exporters also include intermediaries such as wholesalers and brokers or the exporter may be the marketing division of a manufacturing firm. Areas with high export sales activity are likely to support additional economic activity such as warehousing and distribution, financing, shipping, etc. However, in other cases exporters may simply reflect headquarter locations of manufacturers. In addition to providing a second measure of state export activity, the EL series is the source of the US International Trade Administration’s Metropolitan Area Export Database. Recent shifts in the EL series, resulting from increased electronic filing of export documentation, have led Census to recommend use of the OM series over the EL as more consistent. Under-reporting of State Exports to Mexico (OM) There is heavy consolidation of exports to Mexico along the Texas and California borders with Mexico. Since the state of origin of movement can reflect the state of consolidation, Texas and California are credited with very large shares of all US exports to Mexico. Texas is the OM state for 40% of all US exports to Mexico because of the consolidation effect. As a result, OM exports of interior states to Mexico are significantly understated. State Exports by Harmonized System (HS) HS commodity classification was adopted in 1989 by the largest exporting and importing countries and has since been adopted in nearly all countries. HS is the basis of the tariff schedule in most countries. State of origin of movement (OM) exports by HS were made available for the first time in 1999. There are no state of exporter location (EL) data available by HS. HS data were used in this report because they are extremely detailed by commodity; there are 4,500 6-digit HS commodity classifications. State Exports by NAICS and SIC NAICS (the North American Industry Classification System) differs from HS in that the former is industry-based, while the latter is commodity-based. There are 33 major 3-digit NAICS-based Massachusetts Institute for Social and Economic Research 34 export industry groups. The State by NAICS export series replaces the State Exports by SIC series that began in 1987 and ended in 2000. NAICS data were not used in this report because the data are not very detailed by industry. MISER Imputations From 1987-2000 MISER improved unadjusted SIC (Standard Industrial Classification) data from Census. MISER developed an imputation algorithm which allocated records with unknown states and industries among known states and industries. The data were generally recognized as the best available on state exports and were published on the National Trade Data Bank. However, MISER does not allocate unknown states and industries in the new HS and NAICS series because, with increased electronic filing of export documentation the numbers of records with missing states to impute is expected to decline rapidly in the next few years. The value of “unknowns” in the data has already fallen from 25% of the total value of US exports in 1987 to under 10% in 2000. State exports by NAICS and HS should not be compared to state exports by SIC with MISER imputations even by total value of exports. State export values by SIC will be, on average, 10% higher than state exports by NAICS and HS. Massachusetts Institute for Social and Economic Research 35
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