The Milken Institute published a report this week examining the effects of the euro crisis on individual US states. The report ranked US states based on which ones send the most exports to the EU as a share of their total exports and GDP.
Armen Bedroussian, a Milken Institute economist, writes that even though the reliance of the United States on the EU as an export destination has waned over the years and that "at the national level the contagion effects of a EU recession on US exports appear relatively mild, the impact on some states doesn't appear as rosy."
#10: Tennessee
Exports to EU as % of state's GDP: 2.35 percent
Exports to EU as % of state's exports: 21 percent
The state's important exports: Medical products, aircraft and parts, cotton
Source: Milken Institute
#9: West Virginia
Exports to EU as % of state's GDP: 2.49 percent
Exports to EU as % of state's exports: 18 percent
The state's important exports: Coal
Source: Milken Institute
#8: Alabama
Exports to EU as % of state's GDP: 2.68 percent
Exports to EU as % of state's exports: 26 percent
The state's important exports: Coal, autos and parts
Source: Milken Institute
#7: Michigan
Exports to EU as % of state's GDP: 2.78 percent
Exports to EU as % of state's exports: 21 percent
The state's important exports: Autos and parts
Source: Milken Institute
#6: Kentucky
Exports to EU as % of state's GDP: 3.21 percent
Exports to EU as % of state's exports: 26 percent
The state's important exports: Aircraft and parts, medical products, auto parts
Source: Milken Institute
#5: Washington
Exports to EU as % of state's GDP: 3.23 percent
Exports to EU as % of state's exports: 18 percent
The state's important exports: Aircraft and parts
Source: Milken Institute
#4: Indiana
Exports to EU as % of state's GDP: 3.23 percent
Exports to EU as % of state's exports: 28 percent
The state's important exports: Medical products, autos and parts
Source: Milken Institute
#3: Louisiana
Exports to EU as % of state's GDP: 3.43 percent
Exports to EU as % of state's exports: 15 percent
The state's important exports: Oil, soybeans, corn
Source: Milken Institute
#2: South Carolina
Exports to EU as % of state's GDP: 3.52 percent
Exports to EU as % of state's exports: 24 percent
The state's important exports: Autos and parts
Source: Milken Institute
#1: Utah
Exports to EU as % of state's GDP: 4.20 percent
Exports to EU as % of state's exports: 28 percent
The state's important exports: Gold
Source: Milken Institute
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