Wisconsin Exports Down $673 million through July

The total value of Wisconsin exports dropped $673.2 million during the first seven months of the year, according to new data from the U.S. Census Bureau.

At almost $12.7 billion, the first seven months of 2019 are Wisconsin’s worst start to the year for exports since 2016. It is just the second time since 2012 that exports did not top $13 billion by the end of July.

Manufacturers and farmers have been hit be increasing global trade tensions, particularly between the U.S. and China. The release of detailed July data was delayed, but through June, exports to China had decreased 26.3% for the year, accounting for nearly 38% of the Wisconsin total export decline. Exports to Canada decreased 5.6% in the first six months of the year while shipments to Europe were down 2.7% and Mexico was down 1%.

Wisconsin’s year-to-date number includes a 4.6% decline in July. Nationally, U.S. exports have declined 0.66%, including a 0.47% drop in July.