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Michigan: Trade Statistics

Exporter Rank

11 / 50

Importer Rank

6 / 50

Trade Balance Rank

47 / 50
Note: USA Trade Online Data 1 (2021) are used for computing ranks.

Total Trade [1]

Total Exports (2021) (Origin of Movement) $88,728,295,447
Total Imports (2021) $262,086,860,854
Trade Balance (2021) -$173,358,565,407

Impact of Trade [2]

Total Export-Supported Jobs Related to Manufacturing271,337 (2016)
No. of Businesses Selling Products Overseas12,279 (2016)
Percentage of Exporters Classified as Small and Medium-size Companies90% (2016)
Percentage of Exports by Small and Medium-size Companies22% (2016)

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Canada $22,171,785,377
Mexico $10,616,815,388
China $2,877,481,570
Brazil $2,423,671,664
Germany $1,713,068,613
Japan $1,384,718,700
Korea, South $1,277,985,497
Belgium $824,099,050
Spain $709,034,890
Australia $707,414,813

Import Partners

Top 10 Import Countries

Country Import USD$
Mexico $51,973,962,945
Canada $37,906,846,715
China $7,968,090,803
Korea, South $7,205,973,581
Germany $4,744,677,929
Japan $3,815,466,614
Italy $2,775,481,323
India $1,573,484,801
Holy See (Vatican City) $1,340,192,116
Solomon Islands $1,167,021,931

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(87) Motor Vehicles & Parts $23,752,132,888
(84) Industrial Machinery $11,064,270,777
(30) Pharmaceuticals $10,939,579,813
(85) Electrical Machinery $6,463,288,762
(39) Plastics $4,492,969,479
(27) Oil & Mineral Fuels $3,104,793,744
(90) Precision Instruments $2,599,505,917
(70) Glass & Glassware $2,060,315,662
(29) Organic Chemicals $1,912,003,288
(72) Iron & Steel $1,751,986,924

Top 10 Import Goods

HS Code Import USD$
(87) Motor Vehicles & Parts $127,421,329,144
(84) Industrial Machinery $33,318,737,416
(85) Electrical Machinery $26,269,324,378
(27) Oil & Mineral Fuels $9,675,627,118
(98) Nesoi $9,525,412,258
(94) Furniture $7,122,976,208
(72) Iron & Steel $5,539,413,210
(39) Plastics $5,106,306,012
(90) Precision Instruments $4,410,169,670
(73) Iron & Steel Articles $3,365,887,150

Sources

  1. USA Trade Online (2021).
  2. International Trade Administration (Accessed on November 1, 2018)
Michigan