Alaska's export revenue increases in 2002

Posted: Tuesday, April 01, 2003

ANCHORAGE - Alaska's export revenue for 2002 increased by $100 million over the previous year, with the state's two largest exports - minerals and seafood - showing gains.

Exports as a whole saw an increase of 4 percent over 2001, rising from $2.4 billion to $2.5 billion, said Mark Edwards, an economist with the state Department of Community and Economic Development.

The state's other top-five exports - oil, fertilizer and wood - decreased, according to the Alaska Journal of Commerce.

Edwards said oil and gas numbers dropped only because the state slowed its exportation in order to meet market demand.

Energy exports for 2002 totaled $281 million, a 5 percent drop from 2001, when they hit a record-high of $297 million. Wood products dropped 17 percent, from $155 million to $129 million, and fertilizer dropped by 15 percent, from a record-high $190 million to $162 million, the state's numbers show.

On the other hand, exports that grew did so rapidly, Edwards said.

Fish and seafood increased by 12 percent to hit a total value of $1.3 billion for the year. That accounted for more than 53 percent of the state's export revenue.

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