Transportation in the West Virginia Economy

							Transportation in the West Virginia
             Economy
        ($ Millions)
        2,500


        2,000


        1,500


        1,000


          500


             0
                   1997   1998       1999   2000     2001       2002   2003     2004     2005    2006    2007


           Truck transportation                                   Rail transportation
           Pipeline transportation                                Other transportation and support activities
           Warehousing and storage                                Water transportation
           Air transportation                                     Transit and ground passenger transportation


  Source: Bureau of Economic Analysis, U.S. Dept. of Commerce
       What is the Demographic of
        West Virginia Exporters
Employment related to Manufacturing in 2006
 23,200 jobs tied to manufacturing exports
 10,100 tied directly to manufacturing
 13,100 worked in supporting industries



2007 Exporters of record
 806 Total
 596 were SME’s (74%)
           Foreign Trade Zones
 FTZ’s normally administered by a public agency with
  subzones to private manufactures or processors
 Products shipped into a facility, and stored for reexport
  with other products or to be blended with domestic
  products for export or import into the U.S.
 Operate outside of “Customs”
 Can avoid or delay paying duties for imported cargos

 West Virginia FTZ include:
    FTZ No. 229 Charleston - West Virginia Economic Development
     Authority
    FTZ No. 240 Martinsburg - West Virginia Economic Development
     Authority
2007 Foreign Direct Investment in
           West Virginia
 Employed 21,100 workers in West Virginia.
 Major foreign investors: Japan, the United Kingdom,
  Germany, Canada and Switzerland.
 50 percent (10,500 workers) were in the manufacturing
  sector.
 Contributed 3.5 percent of the state's total private-
  industry employment in 2007.



  Source: U.S. Department of Commerce, Bureau of Economic Analysis