Minnesota exports rebounded from 2020 increasing by 17% to $24 billion in 2021. DEED Commissioner Steve Grove:
“Really the story of this growth has to do with our momentum in the North American market. We saw a huge surge in machinery, electrical equipment, minerals, fuels, and oil. A lot of our manufacturing industry in Minnesota which has re-bounded has driven this growth.”
Grove says not only did exports recover in 2021 from weakened exports during the first year of the pandemic in 2020, but they even surpassed 2019 levels, prior to the pandemic.