How a Europe recession could affect US states

Euro Exposure How a European recession could hit state economies Over 3 percent Portion of 2-3 percent gross state product tied to goods exported to Europe 1-2 percent Under 1 percent WA MT ND OR MN ID SD WI WY MI IA PA NV NE OH RI UT IL IN CA CO WV VA DE KS A KY NC OK AR TN AZ NM SC MS AL GA HI Share of exports that go to Europe 46% 33 39 18 26 Utah Louisiana Kentucky South Carolina West Virginia Belgium Netherlands Top European export markets, 2009 $6.1b $3b TX CA NY PA IL TX CA MA NY NC United Kingdom $4.5b Germany NY UT MA CA TX $4.4b France CA SC NY IL TX $2.3b CA CT TX KY NY Sources: "U.S. States with Exposure to a European Recession", Wells Fargo Securities, November 2011; European-American Business Council Stateline infographic by Carla Uriona and Mary Mahling