Friday, May 22, 2015

Kentucky exports show strong 1st-quarter gain

(AP) - State economic development officials say Kentucky's exports were 11 percent higher through the first quarter of 2015 compared to a year ago.

The Cabinet for Economic Development says that ranks Kentucky third nationally for year-over-year export growth.

State officials say that during the first quarter, Kentucky exported more than $7 billion in products, up from $6.4 billion during the same time last year.

Top trade partners include Canada, the United Kingdom, Mexico and France. Exports to Eastern Europe rose significantly. Kentucky exports to Belgium were up 116 percent and to Russia by nearly 2,400 percent.

Officials say aerospace continues to be Kentucky's largest export. Also making strong gains were the export of motor vehicles and parts, chemicals and engines, turbines and power equipment.