Minneapolis, Mn

District in Minnesota, State of United States

2019
Economic
Complexity
: 0.66, Rank 4 of 39

Jan 2021
Trade
Exports | Imports
: $71.5M | $1.15B, 39 of 43 | 32 of 42

Jan 2021
Country
Destination | Origin
: Canada | Canada , $26.2M  | $381M

Jan 2021
Product
Exports | Imports
: Other Plastic Products | Crude Petroleum , $11.5M  | $349M

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

Exports: In 2020, United States' Minneapolis, Mn exported $1.23B, making it the 39th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Minneapolis, Mn were Cereals: wheat and meslin, durum wheat,... ($145M), Iron ore, concentrate, not iron pyrites,... ($137M), Cereals: wheat and meslin, other than... ($60.8M), Plastic articles nes ($48.3M), and Orthopaedic appliances, nes ($43.5M).

Imports: In 2020, United States' Minneapolis, Mn imported $12.8B, making it the 32nd largest importer out of the 43 importers in United States. In 2020 top imports of Minneapolis, Mn were Petroleum oils, oils from bituminous minerals,... ($3.29B), Fixed wing aircraft, unladen weight >... ($288M), Needles, catheters, cannulae etc, (medical) ($257M), Commodities not specified according to kind ($234M), and Electro-diagnostic apparatus, nes ($153M).

Economic Complexity: In 2019, the highest complexity exports of Minneapolis, Mn according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Photographic Film (1.96), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Blank Audio Media (1.74). 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 Minneapolis, MN'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, $421M

Top Product (2020): Cereals: wheat and meslin, durum wheat,..., $145M

In 2020 the top export destinations of Minneapolis, Mn were Canada ($421M), Italy ($150M), Japan ($89.1M), United Kingdom ($88M), and Netherlands ($54.7M).

In 2020 the top exports of Minneapolis, Mn were Cereals: wheat and meslin, durum wheat,... ($145M), Iron ore, concentrate, not iron pyrites,... ($137M), Cereals: wheat and meslin, other than... ($60.8M), Plastic articles nes ($48.3M), and Orthopaedic appliances, nes ($43.5M).

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): Canada, $3.65B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $3.29B

In 2020 the top import origins of Minneapolis, Mn were Canada ($3.65B), China ($3.53B), Germany ($675M), Taiwan ($596M), and Japan ($454M).

In 2020 the top imports of Minneapolis, Mn were Petroleum oils, oils from bituminous minerals,... ($3.29B), Fixed wing aircraft, unladen weight >... ($288M), Needles, catheters, cannulae etc, (medical) ($257M), Commodities not specified according to kind ($234M), and Electro-diagnostic apparatus, nes ($153M).

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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Minneapolis, Mn ranks 4th 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 Minneapolis, Mn already has a comparative advantage, are led by Photo Lab Equipment (0.16), Non-optical Microscopes (0.16), Industrial Printers (0.15), Copper Fasteners (0.15), and Machinery Having Individual Functions (0.15).

Most Complex Products by PCI

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The highest complexity exports of Minneapolis, Mn according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Photographic Film (1.96), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Blank Audio Media (1.74). 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 Magnesium (73.3), Aluminium Gas Containers (54.3), Starch Residue (41.4), Wheat (39.8), and Eyewear (36.1).

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 Minneapolis, Mn 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  Minneapolis, Mn. These are products that tend to be co-exported with the products that Minneapolis, Mn 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.