North Dakota Reports 2nd Highest Annual Export Growth Among All 57 States -- February 20, 2015

Another first for North Dakota, Bakken.com is reporting:

North Dakota has broken its export record for the year of 2014, according to the U.S. Department of Commerce. Last year the state exported $5.3 billion worth of commodities, a 42 percent increase from 2013.

Last year overall U.S. exports increased by a mere 3 percent. With North Dakota’s 42 percent increase, the state had the second highest annual export growth among all 50 states in 2014. Not surprising is the value of mineral fuels and oil product exportation exceeded the value of other exported goods. The majority of it was shipped to Canada via pipelines.

Mineral fuels and oil products netted $2.7 billion, more than double the 2013 amount. Next on the list was front end loaders, which saw an 8 percent increase from 2013 at $296 million. Wheat exports also increased by $141 million, or 28 percent, while soybean exports grew by $109 million, a 123 percent increase from the previous year.