Newspaper article THE JOURNAL RECORD

Seven Industrial Sectors Promise Exort Potential

Newspaper article THE JOURNAL RECORD

Seven Industrial Sectors Promise Exort Potential

Article excerpt

Oklahoma has seven industrial sectors with strong export potential in the 1990s, according to a survey underwritten by the Southwestern Bell Foundation.

Another three industrial sectors may emerge as solid exporters in the 1990s, according to the survey conducted by the Urban Institute, a Washington, D.C., policy research organization.

The most promising Oklahoma export sectors for the 1990s include general industrial machinery, miscellaneous fabricated metals, primary metals, miscellaneous plastics and miscellaneous electronics equipment, according to the survey - "Targeting export Assistance Programs in the Southwest."

Other Oklahoma industries that may become strong exporters during the decade include construction related machinery; fabricated structural metal products, such as iron and steel structures, and aluminum structures, metal tanks and boxes and steam boilers; and miscellaneous nonmetallic minerals.

The researchers indicated that in the 1990s Oklahoma general industrial machinery exporters should take a closer look at Sweden, a major importer of pumps, and at France, a major importer of construction equipment.

In terms of overall size, the major market for Oklahoma exports is the European market, the survey said. West Germany, France and the United Kingdom were leading importers for nearly all the products produced by the leading export sectors in Oklahoma in 1987.

Some 31 percent of the products exported from Oklahoma in 1988 went to Canada compared to 9 percent to the United Kingdom and 7 percent to Japan. Exports from the state totaled $1.5 billion in 1988, the survey said.

Oklahoma's top export industries, based on average annual exports from 1984 through 1986, included general industrial machinery, construction and related machinery, aircraft and parts, petroleum refining and miscellaneous fabricated metals, the survey said.

The study was conducted to analyze how Oklahoma, Arkansas, Kansas, Texas and Missouri fare in the international marketplace. …

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