1. Minnesota’s Export and Foreign Investment Trends
Why Exporting Matters
Minnesota’s Export and Foreign Investment Trends
Gabrielle Gerbaud
Executive Director, Minnesota Trade Office
Chief Protocol Officer, State of Minnesota
Prepared by EAU, Policy Office, DEED. Lasted Update: 06/2018

2. The Minnesota Trade Office
MTO Mission
To be an advocate for Minnesota businesses pursuing international markets;
To promote, assist and enhance exports and foreign direct investment that contribute to the growth of Minnesota’s economy.
MTO Vision
To be the first place Minnesota companies call when they need export assistance.

3. Minnesota: Recent Recognitions

4. Business and Economic Climate
Best-Run State (24/7 Wall St, 2017)
2nd Strongest State in the Union (POLITICO, 2018)
3rd Top States for Business (CNBC, 2017)
19 Fortune 500 companies, ranking 9th nationwide (Fortune, 2018)
America’s largest private company: Cargill (Forbes, 2017)
Best Airport in North America – (Airports Council International, 2017 and 2018)
Business and Economic Climate
America’s Top State for Business (CNBC, 2015)
3rd Best State (U.S. News & World Report, 2017, citing the state’s economic opportunities, great education and quality health care)
5th in Economic Climate (Forbes, 2016)
19 Fortune 500 companies, ranking 12th nationwide (Fortune, 2018)
3rd in Fortune 500 companies per capita
America’s largest private company: Cargill (Forbes, 2016)

5. Why Export? A world of opportunities outside the United States:
95% of world’s population
85% of the world’s purchasing power
Billions of potential new consumers in India, Mexico and other emerging economies

6. Most Exporters are Small Businesses
At least 52 percent of U.S. exporters employed fewer than 100 employees in 2016.
More than 8,100 Minnesota companies exported goods and services in 2016.
Source: Tables 1a and 6a from “Profile of U.S. Importing and Exporting Companies, ”, Census Bureau, U.S. Department of Commerce.

7. Overview of Minnesota Exports
The state’s exports were valued at $21 billion in manufactured and non-manufactured goods in They increased 8 percent between 2016 and 2017.
Exported manufactured goods supported about 118,000 jobs in Minnesota in 2017.
The state exports an estimated additional $10 billion to $13 billion in services exports.
Decline 0% Growth

8. Minnesota’s Top 10 Export Markets
Minnesota exported goods to 203 countries in 2017.

9. Minnesota’s Top 10 Exported Products
Minnesota’s major exports reflect its core industries.

10. MTO Core Services Export Counseling & Technical Assistance
Export Education and Training
Foreign Direct Investment Attraction
State Trade & Export Promotion (STEP) Grants
Protocol Assistance

11. State of Minnesota Foreign Offices
Australia
ASEAN
Mexico
Canada
Japan UK EU

12. State Trade & Export Promotion Program (STEP)
Export Assistance for Small Business
$7,500 Matching Grant
Trade Missions
Trade Shows or Exhibits
Translations
Website internationalization
Business Matchmaking
Industry Specific Certification i.e (CE Marking)
Priority: New Exporters & New Market Development
2015 St. Cloud Recipients ($29,800 – 4 companies)

13. Thank you