Great Falls, Mt

District in Montana, State of United States

2019
Economic
Complexity
: 0.059, Rank 36 of 39

Jan 2021
Trade
Exports | Imports
: $1.44B | $2.3B, 24 of 43 | 23 of 42

Jan 2021
Country
Destination | Origin
: United Kingdom | Canada , $736M  | $1.53B

Jan 2021
Product
Exports | Imports
: Gold | Crude Petroleum , $733M  | $470M

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

Exports: In 2020, United States' Great Falls, Mt exported $16.5B, making it the 23rd largest exporter out of the 43 exporters in United States. In 2020 the top exports of Great Falls, Mt were Gold in unwrought forms non-monetary ($7.57B), Spacecraft: (including satellites) and suborbital and... ($504M), Gold, semi-manufactured forms, non-monetary ($158M), Aircraft parts nes ($157M), and Cattle: live, other than pure-bred breeding... ($148M).

Imports: In 2020, United States' Great Falls, Mt imported $24.3B, making it the 23rd largest importer out of the 43 importers in United States. In 2020 top imports of Great Falls, Mt were Petroleum oils, oils from bituminous minerals,... ($4.42B), Commodities not specified according to kind ($2.05B), Natural gas in gaseous state ($1.87B), Gold in unwrought forms non-monetary ($1.37B), and Bovine cuts boneless, fresh or chilled ($1.04B).

Economic Complexity: In 2019, the highest complexity exports of Great Falls, Mt according to the product complexity index (PCI) are Photographic Film (1.96), Metal Lathes (1.88), Non-Mechanical Removal Machinery (1.78), Electric Soldering Equipment (1.72), and Chemical Analysis Instruments (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Great Falls, MT's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $7.5B

Top Product (2020): Gold in unwrought forms non-monetary, $7.57B

In 2020 the top export destinations of Great Falls, Mt were Canada ($7.5B), United Kingdom ($7.19B), Switzerland ($512M), French Guiana ($355M), and United Arab Emirates ($166M).

In 2020 the top exports of Great Falls, Mt were Gold in unwrought forms non-monetary ($7.57B), Spacecraft: (including satellites) and suborbital and... ($504M), Gold, semi-manufactured forms, non-monetary ($158M), Aircraft parts nes ($157M), and Cattle: live, other than pure-bred breeding... ($148M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Depth

Top Origin (2020): Canada, $15.7B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $4.42B

In 2020 the top import origins of Great Falls, Mt were Canada ($15.7B), China ($2.5B), Mexico ($1.18B), Vietnam ($578M), and Germany ($491M).

In 2020 the top imports of Great Falls, Mt were Petroleum oils, oils from bituminous minerals,... ($4.42B), Commodities not specified according to kind ($2.05B), Natural gas in gaseous state ($1.87B), Gold in unwrought forms non-monetary ($1.37B), and Bovine cuts boneless, fresh or chilled ($1.04B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Great Falls, Mt ranks 36th out of the 43 districts in United States according to ECI.

Estimated using exports data.

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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 Soybeans (0.27), Prepared Cereals (0.26), Bovine Meat (0.26), Aircraft Launch Gear (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 (1.96), Metal Lathes (1.88), Non-Mechanical Removal Machinery (1.78), Electric Soldering Equipment (1.72), and Chemical Analysis Instruments (1.7). 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 Lettuce (25.7), Quicklime (24), Cabbages (23.4), Dolomite (23), and Gold (19.1).

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.