6 to 796 billion in sales according to the us

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Unformatted text preview: lorado manufactured exports and commodities are projected to grow 7.6%, to $7.96 billion in sales. According to the U.S. Department of Commerce’s formula of one job created for every $165,000 in exports, this equates to approximately 48,250 jobs depending on exports. Contributing to growth in 2012, the value of the U.S. dollar is expected to fall relative to other foreign currencies, which will reduce the price of Colorado goods compared to similar goods produced in other countries. Slower export demand from Europe will be offset some by rising growth in exports to developing countries. The passage of new free trade agreements may also open new markets to Colorado businesses. Finally, the outlook for certain products look particularly favorable and are expected to drive growth in 2012. These exports include agricultural and livestock products, propped up by growing global demand for food products, and raw minerals, such as molybdenum, with the expected reopening of the Climax mine near Leadville. Colorado Imports Forecast Just as Colorado exports ma...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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