GEORGIA SETS NEW RECORDS FOR TOTAL TRADE, EXPORTS IN 2021 2021 GLOBAL TRADE SUMMARY Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade GEORGIA TRADE IN 2021 Georgia companies contributed to record trade flows in 2021 following a challenging year for global trade in 2020. Georgia's total trade with the world reached $166.11 billion, spanning 223 countries and territories. Exports of products topped $42.36 billion, setting a new record and growing 9 percent from 2020. Imports totaled $123.74 billion, an increase of 25 percent over the previous year. Total trade grew 20 percent from 2020 levels, and 16 percent above the previous record set in 2019. The state's top five trading partners were China, Mexico, Canada, Germany, and Korea. Georgia remains a leading state for total trade, ranking 7th in the U.S. Georgia's world class logistics infrastructure contributed to the strong rebound in trade in 2021 and continues to provide companies with a competitive advantage in global markets. WORLD CLASS LOGISTICS ASSETS Georgia provides companies with unparalleled access to global markets by air and sea. Hartsfield-Jackson Atlanta International Airport is the most efficient passenger airport in the world, and a growing air cargo hub handling more than 625,000 metric tons of cargo each year. In 2021, more than $150.44 billion in goods flowed through the Ports of Savannah and Brunswick. Georgia's deepwater ports and inland terminals support 496,700 jobs throughout the state. The Georgia Ports Authority (GPA) experienced unprecedented volume in 2021 as it worked to alleviate global supply chain disruptions. GPA reported 12 consecutive months of container growth for the Port of Savannah with a 20 percent increase in TEUs from the previous year. GPA continues to invest heavily in port capacity and infrastructure improvements to meet the expected demand for growth over the next decade. Major expansion efforts at the Port of Brunswick will increase Ro/ Ro capacity to 1.3 million units by the end of 2022, adding new services to prepare vehicles for export and bolstering Georgia's standing as a hub for automotive trade. Georgia's three federally-designated Foreign Trade Zones (FTZs) in Atlanta, Savannah, and Brunswick further support the state's trade growth and strengthen Georgia's economy. Foreign Trade Zones help employers save hundreds of millions of dollars, strengthen local economies, and support U.S. exports. In 2020, Georgia FTZs supported between 15,000 and 16,000 employees and $500 - $750 million in exports. Georgia also ranked among the top 25 states for FTZ activity in 2020: Warehouse and Distribution Activity 11th for merchandise received 15th for exports supported Production Activity 20th for merchandise received 19th for exports supported In 2021, a record number of Georgians were employed at FTZ sites processing billions of dollars in raw materials and finished products. GLOBAL REACH Georgia's network of international representatives in Brazil, Canada, Chile, China, Colombia, Europe, Israel, Japan, Korea, Mexico, Peru, and the United Kingdom support Georgia's global trade efforts on a daily basis. The state's long-term presence in these markets supports on-going trade development, with 52 percent of exports and 60 percent of imports involving markets where Georgia maintains full-time representation. Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade EXPORTS Georgia exports reached 215 unique countries and territories in 2021 and surpassed the previous record set in 2019. The top five customers for Georgia products were Canada, China, Mexico, Germany, and Singapore. Exports to seven of Georgia's top ten export destinations grew by double-digits in 2021, most notably, a 38% increase in exports to India. Korea returned to the top ten due to a significant increase in civilian aircraft, optical fiber, and cotton exports. Georgia's top 10 markets account for 57 percent of total exports. Georgia currently ranks 12th in the U.S. for dollar value of exports. The state's trade profile continues to reflect a diverse industry base spanning manufacturing, technology and services. Exported products come from every Georgia county, and more than 85 percent of the state's exporters are small businesses. INDUSTRY HIGHLIGHTS: Manufactured goods make up approximately 89 percent of Georgia merchandise exports, with the remaining 11 percent representing the state's diverse agricultural industry. Georgia's manufacturing exports have grown by more than 16 percent in the past decade. Aerospace: Aerospace products remain Georgia's No. 1 export totaling $9.19 billion in 2021. Georgia ranks 3rd in the U.S. for aerospace exports. Singapore was Georgia's top consumer of aerospace products, followed by Germany, Qatar, Poland, China, Hong Kong, Japan, United Kingdom, India, and Mexico. Automotive: Amid a challenging year for the global automotive industry, Georgia exports of $4.49 billion were flat compared to 2020. Exports increased to Japan and China. Georgia's active automotive port and central location amid Southeastern OEMs help companies serve automotive customers across the world. Georgia's top consumer of automotive products was China, followed by Canada, Germany, United Arab Emirates, Mexico, Ukraine, Australia, Oman, Georgia, and Japan. Agriculture: Georgia's agriculture and forestry exports grew to $4.88 billion in 2021, an increase of 13 percent from 2020. Georgia ranks 10th in the U.S. for agricultural exports. Agriculture contributes approximately $69 billion annually to Georgia's economy. Georgia is a leading state for poultry, cotton, and peanuts as well as forest products. Top markets in 2021 were China, Canada, Vietnam, Mexico, Pakistan, Indonesia, Philippines, Dominican Republic, United Kingdom, and Colombia. Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade GEORGIA'S TOP EXPORTS MARKETS RANK PARTNER COUNTRY World January - December (Value: USD) 2019 2020 2021 $41,259,741,241 $38,846,276,612 $42,365,759,879 %21/20 9.06 1 Canada $5,990,909,654 $5,252,230,421 $6,187,648,508 17.81 2 China $2,367,770,242 $3,421,110,537 $4,187,834,472 22.41 3 Mexico $3,513,666,200 $3,092,520,783 $3,701,589,214 19.69 4 Germany $2,755,735,846 $4,086,427,178 $2,458,801,999 -39.83 5 Singapore $2,074,762,237 $1,824,720,438 $2,253,041,301 23.47 6 Netherlands $1,332,353,616 $1,025,727,675 $1,238,337,063 20.73 7 Japan $1,487,305,317 $1,238,947,287 $1,213,036,373 -2.09 8 India $860,109,427 $749,657,594 $1,039,468,027 38.66 9 United Kingdom $1,540,880,349 $1,137,887,453 $1,017,572,352 -10.57 10 South Korea $994,487,044 $753,917,360 $860,587,229 14.15 TOP EXPORT PRODUCTS Civilian Aircraft $7,235,865,427 Motor Cars $3,619,060,675 Parts of Gas Turbines $1,403,965,713 Poultry $1,187,286,405 Automatic Data Processing Machines $834,209,766 Medical Instruments $998,774,734 Cotton $734,210,867 Chemical Woodpulp $1,216,440,816 Kraft Paper and Paperborad $912,495,529 Insecticides $547,198,365 Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade UNITED STATES EXPORTS, TOP 15 STATES 8 WASHINGTON $53B 2 CALIFORNIA $175B 6 MICHIGAN $55B 5 ILLINOIS 13 $65B INDIANA $41B 9 OHIO $50B 3 NEW YORK $84B PENNSYLVANIA $44B 11 10 NEW JERSEY $49B 1 TEXAS $375B 14 TENNESSEE $34B NORTH CAROLINA $33B 15 4 LOUISIANA $76B 12 GEORGIA $42B 7 FLORIDA $55B Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade TOTAL TRADE Among Georgia's top 10 trading partners, India and Vietnam showed the strongest growth in 2021. These top 10 markets account for 63 percent of total trade. Georgia's top traded products include motor vehicles, civilian aircraft, and parts of gas turbines. 2 CALIFORNIA $645B 1 TEXAS $688B 6 MICHIGAN $187B 3 ILLINOIS $269B 4 NEW YORK $238B PENNSYLVANIA $142B 9 5 NEW JERSEY $206B 10 TENNESSEE $128B 7 GEORGIA $166B 8 FLORIDA $149B MODE OF TRANSPORT $103 B $35.7 B Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade GEORGIA'S TOP TRADE MARKETS RANK PARTNER COUNTRY World January - December (Value: USD) 2019 2020 2021 $143,167,506,521 $137,721,866,100 $166,111,531,200 1 China $22,087,692,153 $23,581,661,010 $27,861,618,182 2 Mexico $11,224,240,686 $12,236,704,388 $15,545,199,875 3 Canada $11,200,121,192 $9,589,780,318 $11,173,047,193 4 Germany $12,252,166,385 $11,440,117,761 $11,115,830,312 5 South Korea $8,269,521,197 $7,910,000,533 $9,690,773,545 6 Japan $8,098,185,669 $7,122,566,756 $8,243,393,668 7 Singapore $6,217,330,555 $6,230,701,403 $6,914,994,816 8 Vietnam $2,601,197,373 $3,755,534,872 $5,396,519,379 9 India $3,270,371,887 $3,017,621,212 $4,620,764,300 10 United Kingdom $7,014,068,825 $4,583,434,302 $4,550,396,383 %21/20 20.61 18.15 27.04 16.51 -2.83 22.51 15.74 10.98 43.7 53.13 -0.72 TOTAL TRADE PRODUCTS Motor Vehicles $13,840,557,597 Civilian Aircraft $7,235,865,427 Parts of Gas Turbines $3,773,749,189 Food Preparations $3,680,797,274 Automatic Data Processing Machines $3,410,718,290 Electrical apparatus for line telephony or line telegraphy $3,044,234,636 Parts of Motor Vehicles Immunological Products $3,357,654,177 $3,271,740,905 Construction Vehicles $2,686,868,675 Television Receivers $2,540,301,151 Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade IMPORTS Imports totaled $123.74 billion, growing 25% from the same period in 2020. Top import markets were China, Mexico, Korea, Germany, and Japan. The state's top imports were motor vehicles, food preparations, immunological products, parts of motor vehicles, and automatic data processing machines. GEORGIA'S TOP IMPORT MARKETS RANK PARTNER COUNTRY World January - December (Value: USD) 2019 2020 2021 $101,907,765,280 $98,875,589,488 $123,745,771,321 1 China $19,719,921,911 $20,160,550,473 $23,673,783,710 2 Mexico $7,710,574,486 $9,144,183,605 $11,843,610,661 3 South Korea $7,275,034,153 $7,156,083,173 $8,830,186,316 4 Germany $9,496,430,539 $7,353,690,583 $8,657,028,313 5 Japan $6,610,880,352 $5,883,619,469 $7,030,357,295 6 Canada $5,209,211,538 $4,337,549,897 $4,985,398,685 7 Vietnam $2,176,163,791 $3,295,605,011 $4,886,451,033 8 Singapore $4,142,568,318 $4,405,980,965 $4,661,953,515 9 Thailand $2,273,287,396 $2,920,899,765 $3,606,860,031 10 India $2,410,262,460 $2,267,963,618 $3,581,296,273 %21/20 25.15 17.43 29.52 23.39 17.72 19.49 14.94 48.27 5.81 23.48 57.91 TOP IMPORT PRODUCTS Motor Vehicles $10,221,496,922 Food Preparations Immunological Products Parts of Motor Vehicles $3,541,446,856 $3,139,233,605 $2,874,827,490 Automatic Data Processing Machines $2,576,508,524 Parts of Gas Turbines $2,369,783,476 Electrical apparatus for line telephony or line telegraphy $2,498,225,932 Construction Machinery $2,327,244,044 Furniture $2,420,220,518 Television Receivers $2,263,417,254 Sources: Trade Data Monitor (by HS code, based on origin of movement); The Trade Partnership (CDXports); Global Agricultural Trade System Online; National Association of Manufacturers; University of Georgia Center for Agribusiness and Economic Development; International Trade Administration; 82nd Annual Report of the Foreign-Trade Zones Board to the Congress of the United States. Georgia Department of Economic Development | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | Georgia.org/Trade