By Blake Jackson
Kentucky's economy received a significant boost in 2023, shattering its previous export record with a remarkable $40.2 billion worth of goods shipped internationally. This impressive figure, representing a 16.6% increase compared to the prior year, highlights the state's growing role in the global marketplace.
Governor Andy Beshear, attributing this success to Kentucky's unwavering commitment to economic development, commended various sectors for their contributions. He specifically mentioned the continued growth of pharmaceuticals and motor vehicles, solidifying their positions as leading exports and driving the state's economic engine.
Beyond the impressive numbers, the export destinations paint a picture of Kentucky's diverse reach. Canada emerged as the top recipient, followed closely by the United Kingdom, Mexico, France, and China. This global footprint underscores the state's dedication to fostering strong international partnerships, showcasing the quality and competitiveness of Kentucky-made products on a worldwide stage.
“In Kentucky, we’re working hard to ensure our place as a leader in economic development, and this growth in exports shows our efforts are succeeding,” Beshear said. “Thanks to 2023′s record high, Kentucky-made products continue to make their way into more homes and businesses all around the world. Our commitment to global partnerships is another way we’re showing Kentucky is the best place to do business and that Kentucky-made products are second to none.”
Photo Credit: gettyimages-art-wager
Categories: Kentucky, Business