Maine exports up 5% for year, national average is in the red

Exports of Maine goods through October 2016 rose 5.8% and likely will end the year up 5%, compared to a negative national average, according to the Maine International Trade Center.

“The 5.8% through October is big news,” Janine Bisaillon-Cary, president and state director of international trade at MITC, told Mainebiz. She credited the boost in exports to seafood and aircraft exports, up 30% and 51.2%, respectively.

Exports from the state hit $2.86 billion through October, up from $2.72 billion in 2015.

Nationally, exports through October decreased $58.7 billion or 3.1% from the same period in 2015, according to data released in early December by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

Read the full article in Mainebiz