Number of the Day: $1 billion

August 14, 2012 | Number of The Day

Unemployment may be stubbornly high in the Garden State but New Jersey’s international exports expanded in the first half of 2012, increasing $1 billion
from $18.6 billion to $19.6 billion, or 5 percent. The International Trade Administration’s Debra Sykes said that small businesses and local entrepreneurs are beginning to consider selling their products abroad.

According to the ITA, the biggest jumps in exports included Gibraltar (up 192 percent), Belgium (88 percent), Netherlands (76 percent), Brazil (34 percent), and Singapore (23 percent). Key merchandise export categories include chemicals, petroleum products, computer and electronic products, transportation equipment, and primary metal manufactures.