Cheaper Dollars Spur Greater Exports
Published May 06, 2008
The Port of Portland, which includes Portland International Airport, is a busy place these days. According to the World Institute for Strategic Economic Research, Oregon’s exports increased by 8 percent in 2007 to a record $16.5 billion, and further growth is foreseen throughout 2008.
U.S. products are now more affordable in countries with currencies that have been rising in value versus the dollar. Another factor in the growth of exports from Oregon is increased global demand for agricultural commodities such wheat.
– MF
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