Columbia, S.C. (WACH) – South Carolina has set a new milestone in export sales, with the state’s 2024 total reaching $38 billion, the highest figure since 2019. This record-breaking achievement was announced in a joint press release by Governor Henry McMaster, the South Carolina Department of Commerce, and South Carolina Ports. According to the U.S. Department of Commerce, South Carolina’s continued dominance in industries like automotive, aerospace, and manufacturing has solidified its position as a national leader in exports.
Governor Henry McMaster praised the state’s business community and workforce for their role in maintaining South Carolina’s reputation as a key player in international trade.
“South Carolina’s business community and workforce continue to produce top-quality products, and the world has taken notice,” Governor McMaster stated. “As the national leader in export sales of passenger vehicles and tires, we are further strengthening our reputation as one of the best states in the country to do business, which will help attract even more capital investment and opportunities for our people.”
The automotive industry led the state’s exports, far surpassing other industries such as aircraft and aerospace components. South Carolina is the number one exporter of both completed passenger vehicles and tires and ranks second in the nation for the export of ball/roller bearings.
Key Export Statistics for South Carolina in 2024
The 2024 trade report highlights several important figures regarding South Carolina’s exports:
- Total export sales for 2024 reached $38 billion, the highest since 2019, representing a 2% increase compared to 2023.
- South Carolina maintained its position as the top U.S. exporter of completed passenger vehicles, with $10.9 billion in sales, capturing 18.4% of the total U.S. market share.
- For the 10th consecutive year, South Carolina led the nation in tire exports, generating $1.8 billion in sales, which accounted for 36.5% of the total U.S. market share.
- South Carolina exported goods to 197 countries and territories in 2024, expanding its global reach.
- The state ranked second in the country for exports of ball/roller bearings, holding 11% of the U.S. market share.
The state’s top five export commodities in 2024, based on percentage share, were:
- Completed passenger vehicles
- Aircraft and parts
- Machinery and parts (including turbojets, turbo propellers, gas turbines, ball/roller bearings, appliances for boilers, and pumps)
- Plastics
- Rubber (tires)
South Carolina’s Strong Global Trade Partners
South Carolina’s expanding global reach was evident in its strong trade relationships with key international partners.
- Germany remained the number one export market for South Carolina-made products and services, accounting for nearly $5 billion ($4.98 billion), marking a 6% year-over-year increase.
- Canada and Mexico followed as the second and third largest trading partners.
- Aircraft exports to South Korea and the United Kingdom saw a major rise, pushing both countries into South Carolina’s top six export markets.
These statistics emphasize South Carolina’s growing influence in the global economy and its ability to compete with major international markets.
The Future of South Carolina’s Export Growth
With strong trade performance in 2024, South Carolina officials are optimistic about continued economic growth and expansion in global trade.
Harry M. Lightsey III, Secretary of Commerce, emphasized the state’s commitment to international trade:
“Our state remains committed to expanding our global reach and moving South Carolina-made products across the world, and last year’s impressive export sales total reflects this,” Secretary Lightsey said. “Supporting international trade is a vital part of our dedication to the success of our companies from launch to legacy, and we are pleased to see these efforts paying off for the businesses that call South Carolina home.”
The state’s business-friendly environment, skilled workforce, and well-developed infrastructure continue to attract major industries. With continued investment in advanced manufacturing and transportation, South Carolina is poised to maintain its leadership position in exports for years to come.
What’s Next for South Carolina’s Economy?
South Carolina’s economic strength and global presence continue to grow, with key industries such as automotive, aerospace, and manufacturing playing a critical role in the state’s success. Policymakers, business leaders, and economic development officials are working to ensure that this momentum continues into 2025 and beyond.
As export demand increases, South Carolina will likely see further investments from international businesses, ensuring sustained economic growth and job creation. With a strategic focus on global trade and economic development, the state is on track to set new records in the coming years.
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