Mainebiz

W W W. M A I N E B I Z . B I Z 11 M AY 1 , 2 0 1 7 F O C U S G LO B A L EC O N O M Y aine's economy has been dependent on global trade since the earliest days when ships full of lumber sailed out of Penobscot Bay and goods from China made their way back — the days when Searsport's ship captains made the coastal town one of the richest in the nation. Today's global trade relies on some of the same industries that were central to the historical trade — though instead of salt cod and canned sardines, it's live lobster and other fresh seafood that are being traded. Add to that wood products, chemicals, textile products, aircraft parts, motor vehicle parts and computer and electronic components. Maine offers a variety of programs to help businesses navigate regulations, logistics and trade relations. Maine is resource rich and population poor, it's been said, so fi nding markets outside of the state has been a vital part of the economy. 180,500 jobs were supported by trade in 2013, or 22% of all Maine jobs 2,264 companies exported goods from Maine in 2013. Companies with fewer than 500 employees made up 84% of Maine exporters. 32,400 people in Maine were employed by affi liates of companies that were at least 50% foreign owned. 747-5650 WWW.PARKNJETPORTLAND.COM NO MORE RUSHING VALET PARKING AT THE AIRPORT Open 4:00AM to 1AM or until all flights have arrived. Drive 100 yards past baggage claim, look for our green sign. per day $12 WWW.SENECAINSTITUTE.COM (866) 597-5111 INFO@SENECAINSTITUTE.COM To learn more about the benefits of outsourcing your HR needs, contact us today! To learn more about the benefits of outsourcing your HR needs, contact us today! To learn more about the benefits of outsourcing your HR needs, contact us today! Outsource HR with Confidence Outsourcing one-time projects or daily HR functions allows your key personnel to focus on strategic initiatives that help increase productivity and profitability. Save money Focus on strategy Improve compliance Reduce risk Outsourcing is a smart move that can help you and your company: S TA R T I N G O N F O L L OW I N G PA G E » M S O U R C E : U.S. Global Leadership Coalition S O U R C E : U.S. Census JOB CREATION TOP 5 EXPORTS $382 million Lobster $312 million Civilian aircraft, engines, parts $182 million Electronic integrated circuits $117 million Paper and paperboard $111 million Chemical wood pulp, related products Canada: $1.35 billion Germany: $216 million China: $207 million Malaysia: $165 million Japan: $93 million Others: $829 million S O U R C E : U.S. Census TOP 5 EXPORT MARKETS AND GROWTH Maine exported $2.86 billion in goods to foreign markets in 2016, up from $2.72 billion in 2015. The largest markets were: WHAT'S HOT / WHAT'S NOT Product 2016 value Percent change from 2015 Atlantic salmon, Danube salmon $72 million 274.6% Gas turbine parts $23 million 84% Cranberries, blueberries $20 million 71.4% Natural gas $67 million − 27.7% Coniferous wood in rough, not treated $91 million − 42.1% Paper, paperboard, cellulose wadding $24 million − 61.5% S O U R C E : U.S. Census 47.2% 7.6% 7.2% 5.8% 3.3% 29%

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