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Minnesota: Trade Statistics

Exporter Rank

21 / 50

Importer Rank

21 / 50

Trade Balance Rank

30 / 50
Note: USA Trade Online Data 1 (2021) are used for computing ranks.

Total Trade [1]

Total Exports (2021) (Origin of Movement) $43,372,032,711
Total Imports (2021) $64,092,190,684
Trade Balance (2021) -$20,720,157,973

Impact of Trade [2]

Total Export-Supported Jobs Related to Manufacturing118,458 (2016)
No. of Businesses Selling Products Overseas6,703 (2016)
Percentage of Exporters Classified as Small and Medium-size Companies88% (2016)
Percentage of Exports by Small and Medium-size Companies26% (2016)

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Canada $6,607,123,366
Mexico $2,448,766,539
China $2,406,447,026
Japan $1,308,139,873
Germany $820,389,867
Philippines $784,279,332
Belgium $627,165,528
Korea, South $582,954,734
United Kingdom $548,543,680
Ireland $547,193,509

Import Partners

Top 10 Import Countries

Country Import USD$
Canada $12,171,060,503
China $4,802,249,901
Mexico $2,970,019,611
Holy See (Vatican City) $2,196,743,731
Switzerland $1,303,974,750
Germany $1,170,175,683
Ireland $742,324,952
Costa Rica $633,522,677
Italy $561,814,446
Tajikistan $466,820,663

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

Top 10 Export Goods

HS Code Export USD$
(84) Industrial Machinery $7,157,248,543
(90) Precision Instruments $6,732,430,895
(85) Electrical Machinery $5,523,987,077
(27) Oil & Mineral Fuels $3,645,088,784
(87) Motor Vehicles & Parts $2,123,117,932
(39) Plastics $2,102,042,294
(23) Animal Feeds $1,175,604,053
(26) Ores $981,023,332
(88) Aircraft $914,090,292
(30) Pharmaceuticals $901,598,264

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $14,894,075,442
(85) Electrical Machinery $7,879,016,984
(84) Industrial Machinery $7,163,001,706
(90) Precision Instruments $6,701,865,142
(87) Motor Vehicles & Parts $2,556,028,284
(39) Plastics $1,852,531,448
(61) Apparel: Knit $1,742,623,440
(44) Wood $1,659,996,178
(95) Toys & Sport Equipment $1,616,481,876
(94) Furniture $1,298,786,032

Sources

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