Missouri exports totaled $3.37 billion for the second quarter, according to a new report from the Missouri Economic Research and Information Center, or MERIC. That marked a decrease of 14.7% from the same period last year.
Over the year’s first two quarters, the state’s exports added up to about $6.98 billion. That was down about 11% from 2018 levels.
These declines in exports come amidst escalating tariffs between the U.S. and China. On Sept. 1, both countries raised tariffs. The U.S. is scheduled to add more tariffs on Oct. 1.
China is the third-largest foreign market for Missouri exports. The country has purchased $278 million in Missouri goods this year, according to MERIC.
The largest market for Show-Me State exports remains Canada, which bought $2.8 billion of goods through the second quarter. Mexico ranked second with a $1.1 billion in purchases from Missouri.
Looking at the state’s exports by sector, the leading industries over the first half of the year were transportation equipment; chemicals and food; and kindred products.
Transportation equipment accounted for more than a quarter of Missouri’s exports over the first half of the year but decreased more than 26% from the same period in 2018.
On the contrary, chemical exports increased more than 5% from the first two quarters of 2018, bringing the number to $1.4 billion.