Illinois

Courtesy of the Illinois Department of Commerce & Economic Opportunity (ILDEO)

Click links for information about the State of Illinois’ Economic Development For a Growing Economy Tax Credit Program (EDGE) and the ILDCEO’s main webpage, which has links to numerous other business-related assistance programs.

Exports are a Significant Portion of Illinois’ Economy

  • Illinois exports totaled over $65.8 billion in 2013, a small decrease over 2012
  • Since 2009, Illinois exports have increased by $24.2 billion, or 58%, outperforming the national average of 50%
  • Direct exports accounted for nearly 10% of the Gross State Products (GSP) in 2013
  • Illinois is the largest exporting state in the Midwest and the 5th largest exporting state in the US

Top 5 Countries for Illinois Exports in 2013 (in billions)

  • Canada: $20.1 (3.3% growth)
  • Mexico: $7.3 (14.7% growth)
  • China: $5.6 (35.5% growth)
  • Germany: $2.8 (3.9% growth)
  • Australia: $2.7 (48.7% regression)
  • All Countries: $65.8 (3.3% regression)

Top 5 Industries for Illinois Exports in 2013 (in billions)

  • Machinery, Except Electrical: $15.0 (25.7% regression)
  • Agriculture and Related Products: $8.0 (29.1% growth)
  • Transportation Equipment: $7.8 (6.2% growth)
  • Chemicals: $7.3 (7.8% regression)
  • Computers and Electronic Products: $6.6 (5.9% growth)
  • All Countries: $65.8 (3.3% regression)

Foreign Direct Investment in Illinois

  • Illinois ranks #1 in the Midwest as a destination for foreign investment
  • Over 1,700 firms that employ more than 270,000 people in Illinois
  • Illinois is ranked 3rd among all states and Chicago 1st among all metropolitan areas in locations for new and expanded corporate facilities (Site Selection Magazine)
  • Foreign trade zones, located at eight sites across the state, offer low-cost production and warehousing facilities for import and export-bound products

Economic Impact of International Tourism in Illinois in 2012

  • Illinois welcomed 1,399,000 overseas visitors, ranking Illinois the 6th most popular US state for overseas visitors, with a 4.7 percent market share
  • Chicago welcomed 1,369,000 overseas visitors, and is the 9th most popular US city for overseas visitors, with a 4.6 percent market share
  • Travel expenditures of international visitors reached over $2.6 billion, directly generating 23,300 Illinois jobs
  • Tax revenue generated from international travelers (federal, state and local) reached $468.9 million

Total Trade Between Illinois and Israel in 2013

  • Illinois ranks 7th among the 50 US states for exports to Israel
  • Illinois exports to Israel totaled nearly $256 million in 2013, a 55.3% increase since 2009
  • Illinois ranks 6th among the 50 US states in imports from Israel, totaling $566.4 million in 2013

Top 5 Industries for Illinois Exports to Israel in 2013 (in millions)

  • Agriculture and Related Products: $81.2 (160.1% growth)
  • Computer and Electronic Products: $40.2 (18.7% regression)
  • Machinery, Except Electrical: $35.3 (19.8% regression)
  • Miscellaneous Manufactured Commodities: $32.5 (7.3% regression)
  • Chemicals: $18.0 (0.8% growth)

Top 5 Industries for Illinois Imports from Israel in 2013 (in millions)

  • Machinery, Except Electrical: $190.1 (0.4% regression)
  • Chemicals: $130.4 (17.4% growth)
  • Computer and Electronic Products: $81.5 (6.9% growth)
  • Miscellaneous Manufactured Commodities: $36.8 (29.1% regression)
  • Textiles and Fabrics: $25.2 (0.5% growth)

 

 

 

 

Sources:
Export Data Source: WISER Origin of Movement Series

Foreign Direct Investment Data Source: Dun & Bradstreet

Tourism Data Source: The Economic Impact of Travel on Illinois Counties, 2012, U. S. Travel Association; Overseas Travelers to Illinois – 2012; CIC Research and U.S. Department of Commerce, International Trade Administration, Office of Travel and Tourism Industries