Milwaukee, Wi

District in Wisconsin, State of United States

2019
Economic
Complexity
: 0.46, Rank 11 of 39

Jan 2021
Trade
Exports | Imports
: $61.4M | $58.3M, 40 of 43 | 41 of 42

Jan 2021
Country
Destination | Origin
: Switzerland | Canada , $60M  | $19.4M

Jan 2021
Product
Exports | Imports
: Aircraft Parts | Refined Petroleum , $60M  | $10.5M

Overview: This page contains the latest international trade data for Milwaukee, WI, including export and import data.

Exports: In 2020, United States' Milwaukee, Wi exported $243M, making it the 42nd largest exporter out of the 43 exporters in United States. In 2020 the top exports of Milwaukee, Wi were Aircraft parts nes ($138M), Soya beans: other than seed, whether... ($59.9M), Petroleum spirit for motor vehicles ($10.4M), Cargo vessels other than tanker or... ($2.83M), and Parts of cranes, work-trucks, shovels, constr... ($2.33M).

Imports: In 2020, United States' Milwaukee, Wi imported $890M, making it the 41st largest importer out of the 43 importers in United States. In 2020 top imports of Milwaukee, Wi were Flat rolled iron or non-alloy steel,... ($120M), Commodities not specified according to kind ($47M), Parts for spark-ignition engines except aircraft ($46.7M), Salt (sodium chloride) including solution, salt... ($43.9M), and Engines, diesel except motor vehicle/marine ($33M).

Economic Complexity: In 2019, the highest complexity exports of Milwaukee, Wi according to the product complexity index (PCI) are Blank Audio Media (1.74), Transmissions (1.59), Motor-working Tools (1.55), Cutting Blades (1.47), and Micro-Organism Culture Preparations (1.19). 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 Milwaukee, WI'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): Hong Kong, $65M

Top Product (2020): Aircraft parts nes, $138M

In 2020 the top export destinations of Milwaukee, Wi were Hong Kong ($65M), Austria ($55.5M), Canada ($24.6M), Portugal ($19.4M), and Egypt ($17.9M).

In 2020 the top exports of Milwaukee, Wi were Aircraft parts nes ($138M), Soya beans: other than seed, whether... ($59.9M), Petroleum spirit for motor vehicles ($10.4M), Cargo vessels other than tanker or... ($2.83M), and Parts of cranes, work-trucks, shovels, constr... ($2.33M).

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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Top Origin (2020): China, $218M

Top Import (2020): Flat rolled iron or non-alloy steel,..., $120M

In 2020 the top import origins of Milwaukee, Wi were China ($218M), Canada ($96.1M), Germany ($88M), Italy ($80.8M), and Netherlands ($75.9M).

In 2020 the top imports of Milwaukee, Wi were Flat rolled iron or non-alloy steel,... ($120M), Commodities not specified according to kind ($47M), Parts for spark-ignition engines except aircraft ($46.7M), Salt (sodium chloride) including solution, salt... ($43.9M), and Engines, diesel except motor vehicle/marine ($33M).

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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Milwaukee, Wi ranks 11th 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 Milwaukee, Wi already has a comparative advantage, are led by Chemical Analysis Instruments (0.03), Laboratory Glassware (0.029), Machinery Having Individual Functions (0.029), Orthopedic Appliances (0.028), and Gas and Liquid Flow Measuring Instruments (0.028).

Most Complex Products by PCI

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The highest complexity exports of Milwaukee, Wi according to the product complexity index (PCI) are Blank Audio Media (1.74), Transmissions (1.59), Motor-working Tools (1.55), Cutting Blades (1.47), and Micro-Organism Culture Preparations (1.19). 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 Alcohol > 80% ABV (178), Aircraft Parts (87.1), Soybeans (27.9), Refined Petroleum (7.14), and Micro-Organism Culture Preparations (6.16).

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 Milwaukee, Wi 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  Milwaukee, Wi. These are products that tend to be co-exported with the products that Milwaukee, Wi 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.