Iowa

State in United States

2019
Economic
Complexity
: 0.17, Rank 37 of 53

Jan 2021
Trade
Exports | Imports
: $1.12B | $772M, 30 of 54 | 37 of 54

Jan 2021
Country
Destination | Origin
: Canada | Canada , $261M  | $233M

Jan 2021
Product
Exports | Imports
: Tractors | Vehicle Parts , $102M  | $31M

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

Exports: In 2020, United States' Iowa exported $12.6B, making it the 30th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Iowa were Maize except seed corn ($823M), Tractors; n.e.c. in heading no 8701... ($732M), Swine cuts, frozen nes ($611M), Swine cuts, fresh or chilled, nes ($446M), and Soya-bean oil-cake and other solid residues ($385M).

Imports: In 2020, United States' Iowa imported $8.97B, making it the 36th largest importer out of the 53 importers in United States. In 2020 top imports of Iowa were Road tractors for semi-trailers (truck tractors) ($405M), Commodities not specified according to kind ($259M), Engines, diesel except motor vehicle/marine ($211M), Parts of cranes, work-trucks, shovels, constr... ($179M), and Potassium chloride, in packs >10 kg ($152M).

Economic Complexity: In 2019, the highest complexity exports of Iowa according to the product complexity index (PCI) are Chemical Analysis Instruments (1.7), Fork-Lifts (1.67), Transmissions (1.59), Other Organo-Inorganic Compounds (1.56), and X-Ray Equipment (1.53). 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 Iowa'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, $3.46B

Top Product (2020): Maize except seed corn, $823M

In 2020 the top export destinations of Iowa were Canada ($3.46B), Mexico ($2.01B), China ($1.16B), Japan ($1B), and Germany ($591M).

In 2020 the top exports of Iowa were Maize except seed corn ($823M), Tractors; n.e.c. in heading no 8701... ($732M), Swine cuts, frozen nes ($611M), Swine cuts, fresh or chilled, nes ($446M), and Soya-bean oil-cake and other solid residues ($385M).

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, $2.39B

Top Import (2020): Road tractors for semi-trailers (truck tractors), $405M

In 2020 the top import origins of Iowa were Canada ($2.39B), China ($1.47B), Mexico ($1.3B), Germany ($720M), and Japan ($390M).

In 2020 the top imports of Iowa were Road tractors for semi-trailers (truck tractors) ($405M), Commodities not specified according to kind ($259M), Engines, diesel except motor vehicle/marine ($211M), Parts of cranes, work-trucks, shovels, constr... ($179M), and Potassium chloride, in packs >10 kg ($152M).

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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Iowa ranks 37th out of the 53 states and territories 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 Iowa already has a comparative advantage, are led by Horses (0.23), Orthopedic Appliances (0.22), Casein (0.22), Whey (0.22), and Blood, antisera, vaccines, toxins and cultures (0.21).

Most Complex Products by PCI

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The highest complexity exports of Iowa according to the product complexity index (PCI) are Chemical Analysis Instruments (1.7), Fork-Lifts (1.67), Transmissions (1.59), Other Organo-Inorganic Compounds (1.56), and X-Ray Equipment (1.53). 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 Starch Residue (99.8), Molybdenum Ore (82.7), Gelatin (54.6), Other Sugars (50.3), and Pig Meat (43.5).

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 Iowa 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  Iowa. These are products that tend to be co-exported with the products that Iowa 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.