Alaska Sets Record of $5.2 Billion in International Exports

By Mark Edwards

Alaskanomics.com

According to the U.S. Census Bureau, Alaska set an all-time record of $5.2 billion in direct international exports in 2011.  This is up from a previous record year of $4.2 billion in 2010.  It does not necessarily mean production levels have increased.  The prices of Alaska's natural resources have been strong.  Global demand has been rising due to increased populations and standards of living around the world.

Sales of a variety of seafood products totaled $2.4 billion last year.  This accounted for 47% of all direct international exports from Alaska last year.  This does not account for a large amount of seafood that gets shipped to other U.S. states for further processing and ultimately gets shipped overseas.

Mineral exports of lead, zinc and copper were valued at $1.6 billion, or 31% of all exports.  Additionally, there were sales of precious metals and gold worth $407 million that accounted for 8% of Alaska exports.

Read the full story at Alaskanomics.com