Kansas's The Exporting Industry

1528 WordsMay 4, 20167 Pages
Kansas in the Exporting Industry Despite periods of rising prosperity, the last three decades have been characterized by middle and lower-income wage stagnation; a lack of job opportunities for those without a college degree; and a speculative bubble-inducing trade deficit. While the exports in Kansas have been growing at a consistent rate, a significant increase in Kansas’s exports could dramatically improve these conditions, both nationally and statewide. (Brookings Program). To encourage this economic activity there have been several efforts made by both the government and private sector. According to Export Nation, the state of Kansas exported $22.8 billion dollars worth of merchandise in 2012; the last year the information was available. Kansas ranked 30th out of the 50 states for exports. These exports were to both other states and foreign countries. Exports from the state of Kansas have risen from 11% of the gross domestic product in 2003 to 16.8% in 2012, gaining 5.8% in those 9 years. The city of Wichita, ranks 1st in the share and dollar amounts of exports. In 2012, the companies within the city exported $7.7 billion claiming 33.6% of the state’s exports. (Export Nation, 2012) The products that Kansas tends to be known for exporting to other states or international countries are predominantly aircraft, wheat and beef. However, according to the Wichita Eagle, the top export from the state in 2013 was in the agribusiness sector, totaling more than $2.6 billion

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