Governor Announces 30 Percent Jump in Alaska’s Export Values
Higher World Prices Drive Increase
January 21, 2011, Juneau, Alaska - Governor Sean Parnell today announced that the value of Alaska exports through October 2010 increased by 30.4 percent -- to more than $3.8 billion compared to the same period in 2009.
“Alaska’s resources are valuable and compete globally,” Governor Parnell said. “This 30 percent increase demonstrates that international markets recognize this value. And, international competition for our resources provides jobs for Alaskans.”
For January through October 2010, Alaska exports reflected double-digit increases in all of the top commodities: seafood, minerals, energy, precious metals, and forest products. During that period, seafood export value was up 12 percent, to $1.7 billion, after a banner catch year in the state, especially the salmon industry which had its best season in 18 years. Forest products exports grew in value by 38.4 percent, to $86.4 million.
Alaska’s mineral export value for those 10 months was up 63.6 percent, to $1.3 billion, primarily due to much higher world prices for zinc. Alaska is home to the world’s largest zinc mine, Red Dog in Northwest Alaska. The value of Alaska’s precious metals exports, primarily gold, increased 59.9 percent to $177.5 million. The rise in mineral export value also includes $39.2 million for Canadian copper passing through the Skagway Ore Terminal.
The partial-year numbers also showed that Alaska’s energy export value rose 36.3 percent, driven by higher prices for liquefied natural gas, to $344.6 million. The source of the data is the U.S. Census Bureau. The value of Alaskan goods first warehoused in other states and then exported is not included.
For additional information about Alaska’s exports, contact International Trade Specialist Patricia Eckert at (907) 269-8118.
Detailed information on Alaska’s exports is available at;http://gov.alaska.gov/parnell_media/resources_files/alaskaexports_jan_oct_2010.xls