Great Falls, Mt

District in Montana, state of United States

Exports (2019): $16B, Rnk 25/43

Top Destination (2019): $9.15B, Canada

Top Export (2019): $5.64B, Gold in unwrought forms non-monetary

Imports (2019): $29.1B, Rnk 22/43

Top Origin (2019): $19.1B, Canada

Top Import (2019): $6.47B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.1, Rnk 35 / 43

Overview: This page contains the latest international trade data for Great Falls, MT, including export and import data.

Exports: In 2019, United States' Great Falls, Mt exported $16B, making it the 25th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Great Falls, Mt were Gold in unwrought forms non-monetary ($5.64B), Electrical energy ($374M), Road tractors for semi-trailers (truck tractors) ($205M), Aircraft parts nes ($191M), and Taps, cocks, valves and similar appliances,... ($181M).

Imports: In 2019, United States' Great Falls, Mt imported $29.1B, making it the 22nd largest importer out of the 43 importers in United States. In 2019 top imports of Great Falls, Mt were Petroleum oils, oils from bituminous minerals,... ($6.47B), Natural gas in gaseous state ($2.18B), Gold in unwrought forms non-monetary ($2.1B), Commodities not specified according to kind ($2.01B), and Bovine cuts boneless, fresh or chilled ($1.05B).

Economic Complexity: In 2019, the highest complexity exports of Great Falls, Mt according to the product complexity index (PCI) are Photographic Film (1.89), Metal Lathes (1.86), Chemical Analysis Instruments (1.78), Fork-Lifts (1.71), and Glass Working Machines (1.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Canada, $9.15B

Top Product (2019): Gold in unwrought forms non-monetary, $5.64B

In 2019 the top export destinations of Great Falls, Mt were Canada ($9.15B), United Kingdom ($3.35B), India ($1.24B), Switzerland ($1.23B), and Netherlands ($305M).

In 2019 the top exports of Great Falls, Mt were Gold in unwrought forms non-monetary ($5.64B), Electrical energy ($374M), Road tractors for semi-trailers (truck tractors) ($205M), Aircraft parts nes ($191M), and Taps, cocks, valves and similar appliances,... ($181M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Year

Top Origin (2019): Canada, $19.1B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $6.47B

In 2019 the top import origins of Great Falls, Mt were Canada ($19.1B), China ($2.59B), Mexico ($1.3B), Switzerland ($658M), and Germany ($526M).

In 2019 the top imports of Great Falls, Mt were Petroleum oils, oils from bituminous minerals,... ($6.47B), Natural gas in gaseous state ($2.18B), Gold in unwrought forms non-monetary ($2.1B), Commodities not specified according to kind ($2.01B), and Bovine cuts boneless, fresh or chilled ($1.05B).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Great Falls, MT throughout time.

This section shows forecasts for total exports and imports from Great Falls, MT. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Great Falls, Mt ranks 35th out of the 43 districts in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Great Falls, Mt already has a comparative advantage, are led by Bovine Meat (0.27), Prepared Cereals (0.26), Beer (0.26), Other Printed Material (0.26), and Glaziers Putty (0.26).

Most Complex Products by PCI

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The highest complexity exports of Great Falls, Mt according to the product complexity index (PCI) are Photographic Film (1.89), Metal Lathes (1.86), Chemical Analysis Instruments (1.78), Fork-Lifts (1.71), and Glass Working Machines (1.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Electricity (26.3), Lettuce (25), Quicklime (24), Cabbages (23), and Dolomite (21.6).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Great Falls, Mt is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Great Falls, Mt. These are products that tend to be co-exported with the products that Great Falls, Mt exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.