Economic Impact of Foreign Exports on the Wisconsin Economy
Staff Paper Series No. 546, August 2010, 20p.
Increasingly discussions of what can be done to improve Wisconsin’s economy look to international markets as a potential source of growth for Wisconsin goods and services. For the most recent available data Wisconsin’s exports amount to almost $22 billion annually, with the majority of that originating in manufacturing, especially from the production of industrial machinery. This level of foreign exports generates about 115,000 jobs and about $10.5 billion of total income for Wisconsin, with those figures capturing only the “direct” effects of exports and not the potential multiplier effects once the products are sold. In ten years’ time from 1996-97 to 2007-08 foreign exports from Wisconsin nearly doubled.