New England Economic Statistics and Economic Relationship ... · Keurig Dr Pepper 409 Burlington...

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-1- New England Economic Statistics and Economic Relationship with Japan As of July, 2019 Massachusetts (1) Major Statistics A. Population: 6,902,149 (2018 estimate; increase of 0.6% since 2017), number 15 among U.S. States and the District of Columbia (Source: U.S. Bureau of Economic Analysis/2018 Census Data Estimate) B. State Current Dollar GDP (2018): $567.25 billion, number 10 among U.S. States and the District of Columbia (Source: U.S. Bureau of Economic Analysis) C. Per Capita Income (2018): $70,073, number 3 among U.S. States and the District of Columbia (Source: U.S. Bureau of Economic Analysis) D. Unemployment Rate (May 2019): 3.0%, number 42 among U.S. States and the District of Columbia (Source: U.S. Bureau of Labor Statistics) E. Number of Eligible Employed Workers in Workforce (May 2019, Seasonally Adjusted): 3,726,985, increase of 1.6% since May 2018 (Source: U.S. Bureau of Labor Statistics) (2) Industries & Companies A. Major Industries: Life Sciences (Pharmaceutical, Biotech, Medical Devices), Knowledge Economy (Computers, Technology, Law, Scientific Research, Economic Consulting), High-Tech (Computer Software, Communication Devices), Finance (Asset Management, Venture Capital, Insurance, Investment Banking, Real Estate)

Transcript of New England Economic Statistics and Economic Relationship ... · Keurig Dr Pepper 409 Burlington...

Page 1: New England Economic Statistics and Economic Relationship ... · Keurig Dr Pepper 409 Burlington 7.4 Beverages American Tower 410 Boston 7.4 Telecommunications Wayfair 446 Boston

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New England Economic Statistics and

Economic Relationship with Japan

As of July, 2019

Massachusetts

(1) Major Statistics

A. Population: 6,902,149 (2018 estimate; increase of 0.6% since 2017), number 15

among U.S. States and the District of Columbia (Source: U.S. Bureau of Economic

Analysis/2018 Census Data Estimate)

B. State Current Dollar GDP (2018): $567.25 billion, number 10 among U.S. States and

the District of Columbia (Source: U.S. Bureau of Economic Analysis)

C. Per Capita Income (2018): $70,073, number 3 among U.S. States and the District of

Columbia (Source: U.S. Bureau of Economic Analysis)

D. Unemployment Rate (May 2019): 3.0%, number 42 among U.S. States and the

District of Columbia (Source: U.S. Bureau of Labor Statistics)

E. Number of Eligible Employed Workers in Workforce (May 2019, Seasonally

Adjusted): 3,726,985, increase of 1.6% since May 2018 (Source: U.S. Bureau of

Labor Statistics)

(2) Industries & Companies

A. Major Industries: Life Sciences (Pharmaceutical, Biotech, Medical Devices),

Knowledge Economy (Computers, Technology, Law, Scientific Research, Economic

Consulting), High-Tech (Computer Software, Communication Devices), Finance

(Asset Management, Venture Capital, Insurance, Investment Banking, Real Estate)

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【Source: U.S. Bureau of Economic Analysis】

B. Major Companies: Fortune 500 Companies headquartered in Massachusetts: 16

Companies

Name Fortune

500 Rank Headquarters

Revenue

($ billions) Industry Type

General Electric

(Boston) 16 Boston 120.3

Industrial

Machinery

Liberty Mutual

Insurance Group 75 Boston 42.7

Insurance: Property

& Casualty (Stock)

Massachusetts Mutual

Life Insurance 84 Springfield 39.3

Insurance: Life,

Health (Mutual)

TJX 85 Framingham 39.0 Specialty Retailers:

Apparel

Raytheon 114 Waltham 27.1 Aerospace &

Defense

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Thermo Fisher

Scientific 124 Waltham 24.4

Scientific,

Photographic and

Control Equipment

Biogen 235 Cambridge 13.5 Pharmaceuticals

BJ’s Wholesale Club 245 Westborough 13.0 General

Merchandisers

State Street Corp. 247 Boston 13.0 Commercial Banks

Global Partners 254 Waltham 12.7 Wholesalers:

Diversified

Boston Scientific 319 Marlborough 9.8 Medical Products &

Equipment

Eversource Energy 358 Springfield 8.4 Utilities: Gas and

Electric

Keurig Dr Pepper 409 Burlington 7.4 Beverages

American Tower 410 Boston 7.4 Telecommunications

Wayfair 446 Boston 6.8 Internet Services

and Retailing

Analog Devices 472 Norwood 6.2

Semiconductors and

Other Electronic

Components

(Source: 『Fortune 500』2019 Edition)

(3) Economic Statistics Related to Japan (Source: U.S. Department of Commerce, Census

Bureau, Foreign Trade Statistics)

A. Massachusetts’ Exports in 2018 (Total: $27.140 billion, decrease of 1.5% since 2017)

Major export partner countries: 1) Canada, 2) China, 3) Mexico, … 5) Japan

Value of exports to Japan: $1.487 billion (increase of 16% since 2017)

Major exports to Japan: Computer and Electronic Goods, Miscellaneous

Manufactured Commodities, Machinery (except electrical), Chemicals, etc.

Massachusetts’ Top Export Partners in 2018

Rank Country Exports ($ Millions) 2017-2018 Change 2017 Rank

1 Canada 2,964 -1.6% 1

2 China 2,640 14.6% 3

3 Mexico 2,511 -2.0% 2

4 Germany 1,952 7.3% 5

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5 Japan 1,487 16.0% 7

Exports to Japan

Year Exports ($ Millions) Change from prior year

2011 2,044 -0.1%

2012 1,993 -2.5%

2013 1,763 -11.6%

2014 1,858 5.4%

2015 1,476 -20.6%

2016 1,400 -5.2%

2017 1,279 -8.6%

2018 1,487 16.0%

B. Massachusetts’ Imports in 2018 (Total: $35.488 billion, increase of 2.8% since 2017)

Major import partner countries: 1) Canada, 2) China, 3) Mexico, … 6) Japan

Value of Imports to Japan: $2.100 billion (increase of 18.7% since 2017)

Major imports from Japan: Transportation Equipment, Chemicals, Computer and

Electronic Products, Machinery (except electrical) etc.

Massachusetts’ Top Import Partners from 2018

Rank Country Imports ($ Millions) 2017-2018 Change 2017 Rank

1 Canada 7,331 6.8% 1

2 China 5,231 14.1% 2

3 Mexico 3,402 -8.7% 3

4 Ireland 2,199 -7.9% 4

5 Germany 2,140 8.0% 5

6 Japan 2,100 18.7% 7

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Imports from Japan

Year Imports ($ Millions) Change from prior year

2011 876 15.0%

2012 926 5.7%

2013 863 -7.3%

2014 935 8.3%

2015 1,231 31.7%

2016 2,043 90.7%

2017 1,769 -24.8%

2018 2,100 18.7%

C. Number of Japanese-Owned Companies in Massachusetts: 205

D. Number of Employees in Japanese-Owned Businesses in Massachusetts: 12,128

Source: Consulate General of Japan in Boston Annual Survey (Oct. 2018), U.S.

Bureau of Economic Analysis

(4) Contact Information for International Trade Assistance in Massachusetts

A. State Agencies

Executive Office of Housing & Economic Development

Office of International Trade and Investment

B. U.S. Department of Commerce

Boston Export Assistance Center

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Maine

(1) Major Statistics

A. Population: 1,338,404 (2018 estimate; increase of 0.2% since 2017), number

41 among U.S. States and the District of Columbia (Source: U.S. Bureau of

Economic Analysis/2018 Census Data Estimate)

B. State Current Dollar GDP (2018): $64.35 billion, number 43 among U.S. States and

the District of Columbia (Source: U.S. Bureau of Economic Analysis)

C. Per Capita Income (2018): $48,241, number 31 among U.S. States and the

District of Columbia (Source: U.S. Bureau of Economic Analysis)

D. Unemployment Rate (May 2019): 3.3%, number 36 among U.S. States and the

District of Columbia (Source: U.S. Bureau of Labor Statistics)

E. Number of Eligible Employed Workers in Workforce (May 2019, Seasonally

Adjusted): 672,514, decrease of 0.5% since May 2018 (Source: U.S. Bureau of Labor

Statistics)

(2) Industries and Companies

A. Major Industries: Paper Making, Textiles, Semi-Conductors, Munitions and Defense,

Shipbuilding, Tourism, Agriculture (potatoes, blueberries, and eggs), and Fishing

(lobster and sea urchin)

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【Source: U.S. Bureau of Economic Affairs】

B. Major Companies

Fortune 500 Companies Headquartered in Maine: None

Source: 2019 Edition『Fortune 500』

(3) Economic Statistics Related to Japan (Source: U.S. Department of Commerce, Census

Bureau, Foreign Trade Statistics)

A. Maine’ Exports in 2018 (Total: $2.825 billion, increase of 4.2% since 2017)

Major export partner countries: 1) Canada, 2) China, 3) Malaysia…5) Japan

Value of exports to Japan: $87.2 million (increase of 6.0% since 2017)

Major exports to Japan: Transportation Equipment, Fish (fresh/chilled/frozen & other

marine products), Chemicals, Special Classification Provisions (NESOI), etc.

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Maine’s Top Export Partners in 2018

Rank Country Exports ($ Millions) 2017-2018 Change 2017 Rank

1 Canada 1,414 8.6% 1

2 China 204 -14.3% 2

3 Malaysia 122 -21.8% 3

4 Italy 87.5 50.5% 8

5 Japan 87.2 6.0% 5

Exports to Japan

Year Exports

($ Millions)

Change from

prior year

2011 108 25.3%

2012 126 16.4%

2013 121 -4.0%

2014 98 -19.3%

2015 82 -16.3%

2016 93 14.1%

2017 82.3 13%

2018 87.2 6.0%

B. Maine’s Imports in 2018 (Total: $3.835 billion, increase of 16.2% since 2017)

Major import partner countries: 1) Canada, 2) China, 3) Netherlands, … 5) Japan

Value of imports from Japan: $88.9 million (decrease of 13.7% since 2017)

Major imports from Japan: Computer and Electronic Products, Transportation Equipment,

Machinery (except electrical), Fabricated Metal Products, etc.

Maine’s Top Import Partners in 2018

Rank Country Imports ($ Millions) 2017-2018 Change 2017 Rank

1 Canada 1,893 7.4% 1

2 China 350 0.1% 2

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3 Netherlands 236 1,352% 26

4 Germany 171 19.0% 3

5 Japan 88.9 -13.7% 4

Imports from Japan

Year Imports ($ Millions) Change from prior year

2011 46 21.1%

2012 54 19.1%

2013 47 -14.9%

2014 65 37.6%

2015 61 -6.2%

2016 64 4.2%

2017 103 60.9%

2018 88.9 -13.7%

C. Number of Japanese-Owned Companies in Maine: 10

D. Number of Employees of Japanese-owned Companies in Maine: 542

Source: Consulate General of Japan in Boston Annual Survey (Oct. 2018), U.S.

Bureau of Economic Analysis

(4) Contact Information for International Trade Assistance in Maine

A. State Agencies

Dept. of Economic & Community Development

Maine International Trade Center

B. U.S. Department of Commerce

Portland Export Assistance Center

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New Hampshire

(1) Major Statistics

A. Population: 1,356,458 (2018 estimate; increase of 1.0% since 2017), number

41 among U.S. States and the District of Columbia (Source: U.S. Bureau of

Economic Analysis/2018 Census Data Estimate)

B. State Current Dollar GDP (2018): $84.71 billion, number 40 among U.S. States and

the District of Columbia (Source: U.S. Bureau of Economic Analysis)

C. Per Capita Income (2018): $61,405 number 8 among U.S. States and the

District of Columbia (Source: U.S. Bureau of Economic Analysis)

D. Unemployment Rate (May 2019): 2.4%, number 48 among U.S. States and the

District of Columbia (Source: U.S. Bureau of Labor Statistics)

E. Number of Eligible Employed Workers in Workforce (May 2019, Seasonally

Adjusted): 749,536, increase of 1.1% since May 2018 (Source: U.S. Bureau of Labor

Statistics)

(2) Industries and Companies

A. Major Industries: Computer and Technology Accessories, Timber, Furniture, Paper

Making, Leatherworks, Textiles, and Tourism

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【Source: U.S. Bureau of Economic Analysis】

B. Companies

Fortune 500 Companies Headquartered in New Hampshire: None

Source: 2019 Edition『Fortune 500』

(3) Economic Statistics Related to Japan (Source: U.S. Department of Commerce, Census

Bureau, Foreign Trade Statistics)

A. New Hampshire’s Exports in 2018 (Total: $5.286 billion, increase of 2.7% since

2017)

Major export partner countries: 1) Germany, 2) Canada, 3) Ireland, … 8) Japan

Value of exports to Japan: $217 million (decrease of -12.6% since 2017)

Major exports to Japan: Transportation Equipment, Computer and Electronic

Products, Machinery (except electrical), Electrical Equipment, Appliances &

Components, etc.

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New Hampshire’s Top Export Partners in 2018

Rank Country Exports ($ millions) 2017-2018 Change 2017 Rank

1 Germany 692 113.1% 5

2 Canada 664 14.9% 1

3 Ireland 433 17.4% 4

4 Mexico 420 -12.7% 2

5 China 368 -13.1% 3

8 Japan 217 -12.6% 6

Exports to Japan

Year Exports ($ millions) Change from prior year

2011 105 -9.4%

2012 121 14.6%

2013 103 -14.9%

2014 111 7.9%

2015 110 -0.9%

2016 131 19.8%

2017 248 89.3%

2018 217 -12.6%

B. New Hampshire’s Imports in 2018 (Total: $12.496 billion, increase of 10.0% from

2017)

Major import partner countries: 1) Canada, 2) China, 3) Japan

Value of imports from Japan: $831 million (increase of 34.0% since 2017)

Major imports from Japan: Transportation Equipment, Machinery (except electrical),

Fabricated Metal Products (NESOI), Computer and Electronic Products etc.

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New Hampshire’s Top Import Partners in 2018

Rank Country Imports ($ Millions) 2017-2018 Change 2017 Rank

1 Canada 5,642 3.4% 1

2 China 1,067 15.8% 2

3 Japan 831 34.0% 3

4 Germany 723 23.9% 4

5 Poland 639 28.0% 5

Imports from Japan

Year Imports ($ Millions) Change from prior year

2011 94 -4.0%

2012 95 0.5%

2013 86 -10.6%

2014 93 8.9%

2015 117 25.8%

2016 215 84.2%

2017 621 188.8%

2018 831 34.0%

C. Number of Japanese-Owned Companies in New Hampshire: 12

D. Number of Employees in Japanese-Owned Businesses in New Hampshire: 1,679

Source: Consulate General of Japan in Boston Annual Survey (Oct. 2018), U.S.

Bureau of Economic Analysis

(4) Contact Information for International Trade Assistance in New Hampshire

A. State Agencies

Dept. of Resources and Economic Development

International Trade Resource Center

B. U.S. Department of Commerce

Portsmouth Export Assistance Center

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Vermont

(1) Major Statistics

A. Population: 626,299 (2018 estimate, increase of 0.3% since 2017), number 50 among

U.S. states and the District of Columbia (Source: U.S. Bureau of Economic

Analysis/2018 Census Data Estimate)

B. State Current Dollar GDP (2018): $33.7 billion, number 51 among U.S. states and the

District of Columbia (Source: U.S. Bureau of Economic Analysis)

C. Per Capita Income (2018): $53,598, number 20 among U.S. states and the District of

Columbia (Source: U.S. Bureau of Economic Analysis)

D. Unemployment Rate (May 2019): 2.1%, number 51 among U.S. states and the

District of Columbia

E. Number of Eligible Employed Workers in the Workforce (May 2019, seasonally

adjusted): 339,696, increase of 0.8% since May 2018 (Source: U.S. Bureau of Labor

Statistics)

(2) Industries and Companies

A. Major Industries: Tourism, Computer and Technology Accessories, Machinery, Food,

Agriculture (Dairy and Maple Products), Mining (Granite)

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【Source: U.S. Bureau of Economic Analysis】

B. Fortune 500 Companies Headquartered in Vermont: None

Source: 2019 Edition『Fortune 500』

(3) Economic Statistics related to Japan (Source: U.S. Department of Commerce, Census

Bureau, Foreign Trade Statistics)

A. Vermont’s Exports in 2018 (Total: $2.920 billion, increase of 5.2% from 2017)

Major export partner countries: 1) Canada, 2) Hong Kong, 3) Taiwan, … 13) Japan

Value of exports to Japan: $37 million (decrease of 44.0% since 2017)

Major exports to Japan: Computer and Electronic Products, Machinery (except

electrical), Miscellaneous Manufactured Commodities, Food Manufactures, etc.

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Vermont’s Top Export Partners in 2018

Rank Country Exports ($ millions) 2017-2018 Change 2017 Rank

1 Canada 1,269 18.4% 1

2 Hong Kong 262 0.8% 2

3 Taiwan 195 47.4% 6

4 South Korea 186 6.8% 4

5 China 168 -16.7% 3

13 Japan 37 -44.0% 12

Exports to Japan

Year Exports ($ millions) Change from prior year

2011 115 -39.9%

2012 179 56.3%

2013 153 -14.4%

2014 111 -27.3%

2015 81 -27%

2016 57 -30.1%

2017 67 17.5%

2018 37 -44.0%

B. Vermont’s Imports in 2018 (Total: $3.424 billion, decrease of 4.6% from 2017)

Major import partner countries: 1) Canada, 2) China, 3) France, … 10) Japan

Value of imports from Japan: $36 million (decrease of 65.4% since 2017)

Major imports from Japan: Machinery (except electrical), Chemicals, Computer and

Electronic Products, Electrical Equipment, Appliances & Components, etc.

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Vermont’s Top Import Partners in 2018

Rank Country Imports ($ millions) 2017-2018 Change 2017 Rank

1 Canada 2,256 -2.8% 1

2 China 248 -5.4% 2

3 France 134 -15.6% 3

4 Vietnam 86 15.8% 5

5 India 74 4.1% 7

10 Japan 36 -65.4% 4

Imports from Japan

Year Imports ($ millions) Change from prior year

2011 48 -60.0%

2012 48 0.8%

2013 53 9.4%

2014 38 -28.5%

2015 61 60.5%

2016 85 41.2%

2017 105 23.5%

2018 36 -65.4%

C. Number of Japanese-Owned Companies in Vermont: 3

D. Number of Employees of Japanese-Owned Businesses in Vermont: 316

Source: Consulate General of Japan in Boston Annual Survey (Oct. 2018), U.S.

Bureau of Economic Analysis

(4) Contact Information for International Trade Assistance in Vermont

A. State Agencies

Dept. of Economic Development

Vermont Global Trade Partnership

B. U.S. Department of Commerce

Montpelier Export Assistance Center

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Rhode Island

(1) Major Statistics

A. Population: 1,057,315 (2018 estimate, increase of 0.1% since 2017), number 44

among U.S. states and the District of Columbia (Source: U.S. Bureau of Economic

Analysis/2018 Census Data Estimate)

B. State Current Dollar GDP (2018): $61.02 billion, number 45 among U.S. states and

the District of Columbia (Source: U.S. Bureau of Economic Analysis)

C. Per Capita Income (2018): $54,523, number 18 among U.S. states and the District of

Columbia (Source: U.S. Bureau of Economic Analysis)

D. Unemployment Rate (May 2019): 3.6%, number 24 among U.S. states and the

District of Columbia (Source: U.S. Bureau of Labor Statistics)

E. Number of Eligible Employed Workers in the Workforce (May 2019, seasonally

adjusted): 532,131, decrease of 0.2% since May 2018 (Source: U.S. Bureau of Labor

Statistics)

(2) Industries and Companies

A. Major Industries: Metallic, Machinery, Munitions and Defense, Leisure Boating, and

Seafood Processing

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【Source: U.S. Bureau of Economic Analysis】

B. Fortune 500 Companies Headquartered in Rhode Island: 4 Companies

Name

Fortune

500

Rank

Headquarters Revenue

($ billions) Industry Type

CVS Health 8 Woonsocket 194.6 Food & Drug Stores

Textron 229 Providence 14.0 Aerospace & Defense

United Natural

Foods 310 Providence 10.2

Wholesalers: Food &

Grocery

Citizens Financial

Group 415 Providence 7.4 Commercial Banks

(Source: 『Fortune 500』2019 Edition)

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(3) Economic Statistics Related to Japan (Source: U.S. Department of Commerce, Census

Bureau, Foreign Trade Statistics)

A. Rhode Island’s Exports in 2018 (Total: $2.400 billion, increase of 0.3% since 2017)

Major export partner countries: 1) Canada, 2) Dominican Republic, 3) Mexico, … 9)

Japan

Value of exports to Japan: $64 million (decrease of 7.2% since 2017)

Major exports to Japan: Chemicals, Primary Metal Manufacturing, Computer and

Electronic Products, Electrical Equipment, Appliances & Components, etc.

Rhode Island’s Top Export Partners in 2018

Rank Country Exports ($ millions) 2017-2018 Change 2017 Rank

1 Canada 512 3.7% 1

2 Dominican Republic 240 4.2% 2

3 Mexico 200 -9.9% 3

4 China 144 -13.3% 4

5 Turkey 131 4.8% 5

9 Japan 64 -7.2% 10

Exports to Japan

Year Exports ($ millions) Change from prior year

2011 27 -16.3%

2012 78 182.3%

2013 33 -57.1%

2014 62 87.0%

2015 66 6.5%

2016 92 40.3%

2017 68 -25.7%

2018 64 -7.9%

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B. Rhode Island’s Imports in 2018 (Total: $10.525 billion, increase of 12.3% from 2017)

Major import partner countries: 1) Mexico, 2) Germany, 3) China, … 5) Japan

Value of imports from Japan: $733 million (increase of 4.9% since 2017)

Major imports from Japan: Transportation Equipment, Chemicals, Machinery (except

electrical), Computer and Electronic Products, etc.

Rhode Island’s Top Import Partners in 2018

Rank Country Imports ($ millions) 2017-2018 Change 2017 Rank

1 Mexico 2,504 12.5% 1

2 Germany 2,261 20.2% 2

3 China 972 5.8% 3

4 Slovakia 966 75.6% 7

5 Japan 733 4.9% 4

Imports from Japan

Year Imports ($ millions) Change from Prior Year

2011 164 43.3%

2012 198 21.2%

2013 50 -74.7%

2014 76 50.3%

2015 47 -38.2%

2016 842 1,691.5%

2017 699 -16.9%

2018 733 4.9%

C. Number of Japanese-Owned Companies in Rhode Island: 13

D. Number of Employees in Japanese-Owned Businesses in Rhode island: 353

Source: Consulate General of Japan in Boston Annual Survey (Oct. 2018), U.S.

Bureau of Economic Analysis

(4) Contact Information for International Trade Assistance in Rhode Island

A. State Agencies

Rhode Island Commerce Corporation (Commerce RI)

B. U.S. Department of Commerce

Providence Export Assistance Center

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Connecticut

(1) Major Statistics

A. Population: 3,572,665 (2018 estimate, decrease of 0.03% since 2017), number 29 out

of U.S. states and the District of Columbia (Source: U.S. Bureau of Economic

Analysis/2018 Census Data Estimate)

B. State Current Dollar GDP (2018): $274.18 billion, number 24 among U.S. States and

the District of Columbia (Source: U.S. Bureau of Economic Analysis)

C. Per Capita Income (2018): $74,561, number 2 among U.S. states and the District of

Columbia (Source: U.S. Bureau of Economic Analysis)

D. Unemployment Rate (May 2019) 3.8%, number 22 among U.S. states and the District

of Columbia (Source: U.S. Bureau of Labor Statistics)

E. Number of Eligible Employed Workers in the Workforce (May 2019, Seasonally

Adjusted): 1,839,364, increase of 1.3% since May 2018 (Source: U.S. Bureau of

Labor Statistics)

(2) Industries and Companies

A. Major Industries: Machinery (Elevators, Air Conditioner Parts), Munitions and

Defense (Helicopters, Nuclear Submarines), Finance, Insurance

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【Source: U.S. Bureau of Economic Analysis】

B. Fortune 500 Companies Headquartered in Connecticut: 14 Companies

Company Name Fortune

500 Rank Headquarters

Revenue

($ billions) Industry Type

United

Technologies 46 Farmington 66.5 Aerospace & Defense

Cigna 65 Bloomfield 48.7

Health Care:

Insurance &

Managed Care

Charter

Companies 70 Stamford 43.6 Telecommunications

Hartford Financial

Services Group 161 Hartford 19.8

Insurance: Property

and Casualty (Stock)

Synchrony

Financial 173 Stamford 18.3

Diversified

Financials

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XPO Logistics 180 Greenwich 17.3 Transportation &

Logistics

Booking Holdings 216 Norwalk 14.5 Internet Services &

Retailing

Stanley Black &

Decker 228 New Britain 14.0

Home Equipment,

Furnishings

Xerox 318 Norwalk 9.8 Information

Technology Services

Frontier

Communications 355 Norwalk 8.6 Telecommunications

Amphenol 369 Wallingford 8.2

Network & Other

Communications

Equipment

EMCOR Group 375 Norwalk 8.1 Engineering,

Construction

United Rentals 379 Stamford 8.0 Miscellaneous

W.R. Berkley 397 Greenwich 7.7 Insurance: Property

& Casualty (Stock)

(Source: 『Fortune 500』2019 Edition)

(3) Economic Statistics Related to Japan (Source: U.S. Department of Commerce, Census

Bureau, Foreign Trade Statistics)

A. Connecticut’s Exports in 2018 (Total: $17.400 billion, increase of 17.7% since 2017)

Major export partner countries: 1) France, 2) Germany, 3) Canada, … 8) Japan

Value of exports to Japan: $629 million (increase of 15.1% since 2017)

Main export items to Japan: Transportation Equipment, Machinery (except electrical),

Computer and Electronic Products, Special Classification Provisions (NESOI), etc

Connecticut’s Top Export Partners in 2018

Rank Country Exports ($ Millions) 2017-2018 Change 2017 Rank

1 France 3,178 50.3% 1

2 Germany 2,332 27.8% 3

3 Canada 1,952 2.4% 2

4 United Kingdom 1,486 14.3% 4

5 Mexico 948 -8.5% 5

8 Japan 629 15.1% 8

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Exports to Japan

Year Exports ($ millions) Change from Prior

Year

2011 582 22.0%

2012 574 -1.5%

2013 529 -7.8%

2014 540 2.1%

2015 525 -2.8%

2016 526 -0.1%

2017 547 4.0%

2018 629 15.1%

B. Connecticut’s Imports in 2018 (Total: $19.874 billion, increase of 6.4% since 2017)

Major import partner countries: 1) Canada, 2) Mexico, 3) China, … 12) Japan

Value of Imports from Japan: $423 million (increase of 3.1% since 2017)

Major imports from Japan: Computer and Electronic Products, Machinery (except

electrical), Transportation Equipment, etc.

Connecticut’s Major Import Partners in 2018

Rank Country Imports ($ millions) 2017-2018 Change 2017 Rank

1 Canada 3,587 24.8% 1

2 Mexico 2,503 -0.2% 2

3 China 2,301 2.9% 3

4 Germany 1,466 9.2% 4

5 United Kingdom 1,176 8.5% 5

12 Japan 423 3.1% 12

Imports from Japan

Year Imports ($ millions) Change from prior year

2011 883 4.9%

2012 994 12.6%

2013 1,069 7.0%

2014 1,091 2.0%

2015 948 -13.1%

2016 846 -10.5%

2017 410 -51.5%

2018 423 3.1%

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C. Number of Japanese-Owned Companies in Connecticut: 10 (excluding Fairfield

County)

D. Number of Employees in Japanese-Owned Companies in Connecticut: 367

(excluding Fairfield County)

Source: Consulate General of Japan in Boston Annual Survey (Oct. 2018), U.S.

Bureau of Economic Analysis

(4) Contact Information for International Trade Assistance in Connecticut

A. State Agencies

Dept. of Economic and Community Development

Office of Business and Industry Development

B. U.S. Department of Commerce

Middletown Export Assistance Center

Last modified: July 8th, 2019

© Consulate-General of Japan in Boston

Federal Reserve Plaza

600 Atlantic Avenue, 22nd Floor

Boston, MA 02210

Tel: (617) 973-9772

Fax: (617) 542-1329