Iowa

State in United States

Exports (2019): $13.1B, Rnk 29/53

Top Destination (2019): $3.82B, Canada

Top Export (2019): $749M, Maize except seed corn

Imports (2019): $10.1B, Rnk 37/53

Top Origin (2019): $2.43B, Canada

Top Import (2019): $654M, Road tractors for semi-trailers (truck tractors)

Economic Complexity (2019): 0.21, Rnk 33 / 53

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

Exports: In 2019, United States' Iowa exported $13.1B, making it the 29th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Iowa were Maize except seed corn ($749M), Tractors; n.e.c. in heading no 8701... ($734M), Swine cuts, frozen nes ($465M), Soya-bean oil-cake and other solid residues ($432M), and Swine cuts, fresh or chilled, nes ($383M).

Imports: In 2019, United States' Iowa imported $10.1B, making it the 37th largest importer out of the 53 importers in United States. In 2019 top imports of Iowa were Road tractors for semi-trailers (truck tractors) ($654M), Commodities not specified according to kind ($345M), Engines, diesel except motor vehicle/marine ($260M), Parts of cranes, work-trucks, shovels, constr... ($255M), and Natural gas in gaseous state ($181M).

Economic Complexity: In 2019, the highest complexity exports of Iowa according to the product complexity index (PCI) are Chemical Analysis Instruments (1.78), Fork-Lifts (1.71), Tensile Testing Machines (1.64), Self-adhesive Plastics (1.6), and Cutting Blades (1.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Depth
Year

Top Destination (2019): Canada, $3.82B

Top Product (2019): Maize except seed corn, $749M

In 2019 the top export destinations of Iowa were Canada ($3.82B), Mexico ($2.07B), Japan ($957M), China ($759M), and Brazil ($539M).

In 2019 the top exports of Iowa were Maize except seed corn ($749M), Tractors; n.e.c. in heading no 8701... ($734M), Swine cuts, frozen nes ($465M), Soya-bean oil-cake and other solid residues ($432M), and Swine cuts, fresh or chilled, nes ($383M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Canada, $2.43B

Top Import (2019): Road tractors for semi-trailers (truck tractors), $654M

In 2019 the top import origins of Iowa were Canada ($2.43B), Mexico ($1.96B), China ($1.65B), Germany ($704M), and Japan ($475M).

In 2019 the top imports of Iowa were Road tractors for semi-trailers (truck tractors) ($654M), Commodities not specified according to kind ($345M), Engines, diesel except motor vehicle/marine ($260M), Parts of cranes, work-trucks, shovels, constr... ($255M), and Natural gas in gaseous state ($181M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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Value

This section shows differences between total trade from Iowa throughout time.

This section shows forecasts for total exports and imports from Iowa. 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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Iowa ranks 33rd out of the 53 states and territories 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 Iowa already has a comparative advantage, are led by Horses (0.22), Orthopedic Appliances (0.22), Casein (0.22), Whey (0.22), and Special Pharmaceuticals (0.22).

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 (1.78), Fork-Lifts (1.71), Tensile Testing Machines (1.64), Self-adhesive Plastics (1.6), and Cutting Blades (1.51). 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 (96.4), Molybdenum Ore (96.2), Gelatin (53), Other Sugars (47.6), and Pig Meat (43).

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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Depth
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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.