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Tennessee Trade Report 3rd Quarter 2020

Author

Listed:
  • Steven G. Livingston

    (Middle Tennessee State University Business and Economic Research Center)

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.

Suggested Citation

  • Steven G. Livingston, 2020. "Tennessee Trade Report 3rd Quarter 2020," Global Commerce, Middle Tennessee State University, Business and Economic Research Center, vol. 26(3), pages 1-1.
    • Handle: RePEc:mts:global:v:26:y:2020:i:3:p:1
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    File URL: https://www.mtsu.edu/globalcommerce/reports/profile/331
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    More about this item

    Keywords

    trade weighted dollar index; exports; Tennessee; trade; imports; exporting; international; economy;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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