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BRT_General_Trade_ME_2020.pdf
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👤 Author: Bert Loudis
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Summary

Maine's economy benefits from trade and investment, with 96% of the world's population and 75% of its purchasing power outside the US. In 2018, international trade supported 176,100 Maine jobs, with exports reaching $2.5 billion in goods and $1.7 billion in services. Top exports include marine products, pulp and paperboard mill products, and aerospace products. Imports lower prices and increase choices for Maine companies and families, while free trade agreements have fueled rapid export growth. Foreign-owned companies invest and employ 34,800 workers in Maine. Trade-related jobs pay about 16% more than non-export-intensive jobs, and exporting plants increase employment 2-4% faster annually. Maine's goods exports have grown 10% faster than state GDP since 2009, with top export markets including Canada, China, and the UK.

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Description

Maine's economy benefits from trade and investment, with 96% of the world's population and 75% of its purchasing power outside the US.

Technical Information

  • File Format: PDF
  • File Size: 644 KB
  • Pages: 8
  • Language: EN
  • Author: Bert Loudis
  • Total Downloads: 240
  • Last Updated: 2 hours ago

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