Colorado recorded goods exports totaling $10.3 billion in 1995, up 54 percent ($3.6 billion) from 1993. During 1995, Colorado was the 18th largest state exporter of goods.
Colorado’s jobs supported by goods exports grew an estimated 39 percent (37,050 jobs) since 1993. Export-related jobs pay 13 to 16 percent higher than the national average.
In 1991, the latest year available, Colorado’s exports accounted for 16.9 percent of its manufacturing output and represented 18.2 percent of its total manufacturing employment.
Colorado’s exports of manufactured products were up by 53 percent between 1993 and 1995 (from $6.5 billion in 1993 to $10.0 billion in 1995).
The five largest manufacturing sectors in terms of Colorado’s exports were: Industrial Machinery and Computers ($6.0 billion of exports in 1995), Electronic and Electric Equipment ($1.8 billion), Scientific and Measuring Instruments ($649.6 million), Food Products ($560.7 million), and Primary Metal Industries ($192.0 million). These five sectors accounted for over 89 percent of the state’s total exports in 1995.
Among Colorado's fastest growing manufactured exports (in millions) were:
|Primary Metal Industries||$69.8||$192.0||175%|
|Industrial Machinery and Computers||$3,661.0||$5,993.3||64%|
|Electronic and Electric Equipment||$1,257.8||$1,806.1||44%|
Colorado is the country’s 18th largest agricultural exporting state, shipping $803 million in agricultural exports abroad or 1.8% of the U.S. total in 1994 (latest year available for Department of Agriculture state export data). The largest export categories, Live Animals and Meat (excluding poultry), Wheat, Hides & Skins, and Feed Grains, accounted for 74 percent of Colorado’s agricultural exports in 1994. Given the 22 percent increase in total U.S. agriculture exports in 1995, agriculture exports from the state of Colorado in 1995 will likely range between $950 million and $1.0 billion.
Total exports from Colorado to NAFTA countries increased by 2 percent between 1993 (pre-NAFTA) and 1995 (from $1.40 billion in 1993 to $1.42 billion in 1995). During 1995, Canada was Colorado’s 6th largest export market, while Mexico was Colorado’s 4th largest export market. Colorado’s exports to Canada were down by 15 percent ($114 million), to $640.3 million in 1995. Exports to Mexico were up by 21 percent ($136 million), to $782.6 million in 1995.
During 1995, Japan was Colorado’s largest export market. Total exports from Colorado to Japan were up nearly 50 percent ($529 million), from $1.1 billion to $1.6 billion in 1995.
Total exports from Colorado to the European Union were up 66 percent ($1.6 billion), from $2.4 billion in 1993 to $4.0 billion in 1995.