Exports made up nearly 30 percent of Wichita’s economy in 2012, or $7.7 billion, making it the third most export-dependent economy in the country, according to a new report by the Brookings Institution.
Aircraft made up the majority of the Wichita area’s exports, $4.5 billion. Other exports included:
• agricultural machinery, $461 million;
• petroleum products, $343 million;
• chemicals, $211 million;
• agriculture, $166 million;
• management and consulting services, $85 million;
• and financial services, $82 million.
Wichita export growth, which averaged 8.5 percent a year between 2003 and 2008, slowed to 5.1 percent a year between 2009 and 2012 as corporate jet sales sagged. But even though export growth slowed after 2008, it still grew more than twice as fast as Wichita’s overall economy, giving the area a significant boost.