Tennessee Trade Report 3rd Quarter 2020

Steven G. Livingston ()
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Steven G. Livingston: Middle Tennessee State University Business and Economic Research Center

Global Commerce, 2020, vol. 26, issue 3, 1

Abstract: As COVID continued to disrupt the world economy, Tennessee lost about $700 million in exports during the third quarter of 2020. This is about a 10% decline from foreign shipments a year ago. This was despite a large gain in Tennessee exports to China (up by over $250 million) and soaring state shipments of cell phone products (up by over $150 million). Large losses in Canada and Mexico, primarily in the automotive sector, joined declines in Europe, Latin America, and the rest of East Asia to produce most of the bad news. Medical related industries held their own, but laptops, electrical equipment, and plastics joined the automobile industry in seeing substantial drops in their foreign shipments. With manufacturing now expanding globally, we can hope for some better numbers for the fourth quarter.

Keywords: trade weighted dollar index; exports; Tennessee; trade; imports; exporting; international; economy (search for similar items in EconPapers)
JEL-codes: F14 R11 (search for similar items in EconPapers)
Date: 2020
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