PHOENIX — Arizona exported $19.7 billion worth of goods and services in 2020, a sharp drop from the $24.7 billion worth of goods the state exported during 2019, according to data released by the U.S. Census Bureau.
The decline is on trend with the national data. In 2020, the U.S. exported $2.13 trillion worth of goods and services, down $396.4 million from 2019.
The lion’s share of Arizona’s exports are sold to Mexico, which is the state’s largest trading partner by a wide margin. According to census data, in 2020, Arizona exported $6.99 billion worth of goods and services to Mexico, a 14.6% decrease from 2019. In 2019, Arizona Gov. Doug Ducey said the level of exports from Arizona was a record high.
Read the full article at Phoenix Business Journal.