Illinois Capitol April 2024

Experts from the University of Illinois Gies College of Business argue the insurance industry is a major economic driver for the state.

(WAND) - Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity announced another record-breaking year with export sales over $78.7 billion in 2023.

According to rankings by the U.S. Department of Commerce, Illinois leads Midwest as the top exporting state and fifth in the nation.

“Illinois is once again recognized as a leader in global exports,” said Governor Pritzker. “As the fifth largest exporting state in the nation, our $78.7 billion in international sales support countless jobs across the state – a sign of a thriving economy. I’m also thankful to the broad array of industries who contributed to this milestone. Their robust selection of goods and services signal to the world that a trade partnership with Illinois is good for business.”

Since 2019, Illinois exports have increased by 32%. Mexico, Illinois’ second top export market, was the single greatest contributor to growth, with export sales exceeding 12% growth since 2022 and 39% since 2019. Top export markets include Canada, Mexico, Germany, China and Australia.

“The State of Illinois continues to grow as a global economic powerhouse with record-breaking export sales,” said DCEO Director Kristin Richards. “Through resources provided by DCEO’s Office of Trade and Investment, Illinois businesses can access opportunities to help them succeed at home and across the globe.” ​

Copyright 2024 WAND TV. All rights reserved.