ST. PAUL —
Minnesota's exports reached a first-quarter record of $4.9 billion, but growth has been slowed by economies in Asia and a European debt crisis.
The Department of Employment and Economic Development says growth in the quarter is just 2 percent compared to the same period a year ago. It compares with a U.S. growth rate of 9 percent.
Manufacturing accounts for the biggest chunk of exports during the quarter, with $4.5 billion in sales. Asia is Minnesota's biggest customer, accounting for 35 percent of all sales, followed by North America and the European Union.
The St. Paul Pioneer Press (http://bit.ly/OHUsr9 ) says state exports to Asia were flat at $1.7 billion.
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Information from: St. Paul Pioneer Press, http://www.twincities.com
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