Exports are a large part of the Portland economy and enable our region to grow outside of local boundaries and infrastructure. Export industries help combat structural unemployment by giving thousands of jobs to workers in our region and paying generally higher wages than comparable service sector jobs.
Total Value of Exports, 2003 to 2010
Source: Brookings Institution
Notes: Values are all adjusted to 2010 dollars. Exports include both goods and services.
The charts above measure exports in two different ways. The first includes goods and services from each metro area, while the second includes only goods that originate from the ports of those metro areas. Therefore, the second chart includes goods that are made outside of the metro area, but shipped through that port.
According to the first chart of goods and services exports, Portland experienced a decline in 2009 but ultimately doubled its exports between 2003 and 2010. The Portland Metropolitan area exports less than the metro areas of San Francisco and Seattle, but more than Denver and Minneapolis.
This indicator measures the success of programs like the Metro Export Initiave, a regional effort to double exports in the Portland region in the next five years.
The Brookings Insititution. http://www.brookings.edu/reports/2012/0308_exports.aspx#2
The International Trade Administration, US Department of Commerce. http://tse.export.gov/METRO/SelectReports.aspx?DATA=Metro
Value of Total Exports: Exports include goods and services and are estimated by production location; therefore, they do not match the U.S. Census Bureau’s estimates of state and metropolitan exports, which reflect origin-of-movement.
Real Exports: Nominal Exports inflation-adjusted by industry, in million of 2010 dollars. BLS' Producer Price Index (PPI) by industry was used to adjust for inflation of goods exports (except agriculture). For agricultural products and service exports, this study used BEA Service Export Price Indexes.
Value of Exported Goods: Export statistics based on the location from which the merchandise starts its journey to the port of export.