Minneapolis, Mn

District in Minnesota, state of United States

Exports (2019): $1.97B, Rnk 39/43

Top Destination (2019): $528M, Canada

Top Export (2019): $266M, Iron ore, concentrate, not iron pyrites,...

Imports (2019): $14.8B, Rnk 32/43

Top Origin (2019): $5.19B, Canada

Top Import (2019): $5.01B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.62, Rnk 5 / 43

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

Exports: In 2019, United States' Minneapolis, Mn exported $1.97B, making it the 39th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Minneapolis, Mn were Iron ore, concentrate, not iron pyrites,... ($266M), Cereals: wheat and meslin, durum wheat,... ($120M), Aircraft parts nes ($101M), Orthopaedic appliances, nes ($89.1M), and Cereals: wheat and meslin, other than... ($73.3M).

Imports: In 2019, United States' Minneapolis, Mn imported $14.8B, making it the 32nd largest importer out of the 43 importers in United States. In 2019 top imports of Minneapolis, Mn were Petroleum oils, oils from bituminous minerals,... ($5.01B), Needles, catheters, cannulae etc, (medical) ($289M), Commodities not specified according to kind ($276M), Electro-diagnostic apparatus, nes ($154M), and Waste and scrap of precious metals:... ($133M).

Economic Complexity: In 2019, the highest complexity exports of Minneapolis, Mn according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.25), Rolling Machines (1.93), Photographic Film (1.89), Chemical Analysis Instruments (1.78), and Wrenches (1.68). 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, $528M

Top Product (2019): Iron ore, concentrate, not iron pyrites,..., $266M

In 2019 the top export destinations of Minneapolis, Mn were Canada ($528M), Japan ($320M), Italy ($193M), United Kingdom ($170M), and Netherlands ($155M).

In 2019 the top exports of Minneapolis, Mn were Iron ore, concentrate, not iron pyrites,... ($266M), Cereals: wheat and meslin, durum wheat,... ($120M), Aircraft parts nes ($101M), Orthopaedic appliances, nes ($89.1M), and Cereals: wheat and meslin, other than... ($73.3M).

Export Dynamics

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Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

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Year

Top Origin (2019): Canada, $5.19B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $5.01B

In 2019 the top import origins of Minneapolis, Mn were Canada ($5.19B), China ($3.74B), Germany ($694M), Taiwan ($574M), and Japan ($499M).

In 2019 the top imports of Minneapolis, Mn were Petroleum oils, oils from bituminous minerals,... ($5.01B), Needles, catheters, cannulae etc, (medical) ($289M), Commodities not specified according to kind ($276M), Electro-diagnostic apparatus, nes ($154M), and Waste and scrap of precious metals:... ($133M).

Import Dynamics

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Fastest Growing Import Origins (September 2019 - September 2020)

Rapidly Declining Import Origins (September 2019 - September 2020)

Comparison in Time

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This section shows differences between total trade from Minneapolis, MN throughout time.

This section shows forecasts for total exports and imports from Minneapolis, MN. 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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Minneapolis, Mn ranks 5th 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 Minneapolis, Mn already has a comparative advantage, are led by Cermets (0.16), Non-optical Microscopes (0.15), Photo Lab Equipment (0.15), Integrated Circuits (0.15), and Nickel Bars (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 (2.25), Rolling Machines (1.93), Photographic Film (1.89), Chemical Analysis Instruments (1.78), and Wrenches (1.68). 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 (73.1), Starch Residue (40), Wheat (39.5), Eyewear (33.3), and Iron Ore (25.9).

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.