Exports of Goods and Annual Percent Change

What is it and why does it matter?

The region's exports of goods rose by 11% in 2023 and returned to 2017 levels at $47 Billion (but not in inflation-adjusted terms). While this growth is encouraging, the long-term trend has been one of decline. This may be due to our region attracting companies from other regions or countries, either through direct investment or through mergers and acquisitions.

Latest Southeast Michigan trend:

The region's exports of goods rose by 11% in 2023 and returned to 2017 levels at $47 Billion (but not in inflation-adjusted terms). While this growth is encouraging, the long-term trend has been one of decline. This may be due to our region attracting companies from other regions or countries, either through direct investment or through mergers and acquistions.