IndianaState in United States
2019 Economic Complexity: 0.5, Rank 7 of 53
Jan 2021 Trade Exports | Imports: $3.12B | $6.38B, 14 of 54 | 11 of 54
Jan 2021 Country Destination | Origin: Canada | Ireland , $958M | $1.72B
Jan 2021 Product Exports | Imports: Packaged Medicaments | Blood, antisera, vaccines, toxins and cultures , $377M | $1.24B
Overview: This page contains the latest international trade data for Indiana, including export and import data.
Exports: In 2020, United States' Indiana exported $35.3B, making it the 13th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Indiana were Medicaments nes, in dosage ($3.63B), Blood, human or animal, antisera, other... ($1.79B), Transmissions for motor vehicles ($1.57B), Aircraft parts nes ($1.38B), and Spark ignition engine trucks weighing <... ($1.27B).
Imports: In 2020, United States' Indiana imported $63.9B, making it the 12th largest importer out of the 53 importers in United States. In 2020 top imports of Indiana were Hormones nes, except contraceptives, in dosage ($6.81B), Blood, human or animal, antisera, other... ($3.52B), Polypeptide hormones, protein hormones and glycoprotein... ($3.17B), Blood, human or animal, antisera, other... ($3B), and Medicaments nes, in dosage ($2.46B).
Economic Complexity: In 2019, the highest complexity exports of Indiana according to the product complexity index (PCI) are Cermets (1.87), Silicone (1.83), Iron Fasteners (1.81), Chemical Analysis Instruments (1.7), and Fork-Lifts (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Indiana exported $3.12B and imported $6.38B, resulting in a negative trade balance of $3.26B. Between January 2020 and January 2021 the exports of Indiana have increased by $73.4M (2.41%) from $3.05B to $3.12B, while imports increased by $1.09B (20.6%) from $5.29B to $6.38B.
Trade: In January 2021, the top exports of Indiana were Packaged Medicaments ($377M), Blood, antisera, vaccines, toxins and cultures ($255M), Vehicle Parts ($218M), Cars ($166M), and Aircraft Parts ($139M). In January 2021 the top imports of Indiana were Blood, antisera, vaccines, toxins and cultures ($1.24B), Packaged Medicaments ($863M), Vehicle Parts ($269M), Hormones ($269M), and Nucleic Acids ($216M).
Destinations: In January 2021, Indiana exported mostly to Canada ($958M), Mexico ($398M), China ($262M), Germany ($200M), and Japan ($135M), and imported mostly from Ireland ($1.72B), Canada ($732M), China ($635M), Denmark ($580M), and Mexico ($412M).
Growth: In January 2021, the increase in Indiana's year-by-year exports was explained primarily by an increase in exports to Germany ($88.3M or 78.9%), China ($79.1M or 43.2%), and Ireland ($74.7M or 462%), and product exports increase in Packaged Medicaments ($88.3M or 30.6%), Cars ($53.1M or 47.2%), and Blood, antisera, vaccines, toxins and cultures ($31.4M or 14%). In January 2021, the increase in Indiana's year-by-year imports was explained primarily by an increase in imports from Ireland ($715M or 71.4%), Canada ($110M or 17.7%), and Australia ($68.4M or 147%), and product imports increase in Blood, antisera, vaccines, toxins and cultures ($449M or 56.9%), Packaged Medicaments ($183M or 26.9%), and Nucleic Acids ($127M or 142%).
EXPORT GROWTH (January 2020 - January 2021): $73.4M, (2.41%)
IMPORT GROWTH (January 2020 - January 2021): $1.09B, (20.6%)
This section shows exports and imports data at subnational level for Indiana. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Indiana over time.
This section shows the differences between Indiana's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.
Top Destination (2020): Canada, $11.1B
Top Product (2020): Medicaments nes, in dosage, $3.63B
In 2020 the top export destinations of Indiana were Canada ($11.1B), Mexico ($4.67B), China ($2.83B), Japan ($1.82B), and Germany ($1.78B).
In 2020 the top exports of Indiana were Medicaments nes, in dosage ($3.63B), Blood, human or animal, antisera, other... ($1.79B), Transmissions for motor vehicles ($1.57B), Aircraft parts nes ($1.38B), and Spark ignition engine trucks weighing <... ($1.27B).
Top Origin (2020): Ireland, $11.6B
Top Import (2020): Hormones nes, except contraceptives, in dosage, $6.81B
In 2020 the top import origins of Indiana were Ireland ($11.6B), Canada ($7.48B), China ($6.95B), Denmark ($6.61B), and Japan ($5.36B).
In 2020 the top imports of Indiana were Hormones nes, except contraceptives, in dosage ($6.81B), Blood, human or animal, antisera, other... ($3.52B), Polypeptide hormones, protein hormones and glycoprotein... ($3.17B), Blood, human or animal, antisera, other... ($3B), and Medicaments nes, in dosage ($2.46B).
Fastest Growing Import Origins (Jan 2020 - Jan 2021)
Rapidly Declining Import Origins (Jan 2020 - Jan 2021)
Indiana ranks 7th out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Indiana already has a comparative advantage, are led by Tensile Testing Machines (0.24), X-Ray Equipment (0.24), Spark-Ignition Engines (0.23), Electric Soldering Equipment (0.23), and Laboratory Glassware (0.23).
The highest complexity exports of Indiana according to the product complexity index (PCI) are Cermets (1.87), Silicone (1.83), Iron Fasteners (1.81), Chemical Analysis Instruments (1.7), and Fork-Lifts (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Nickel Sheets (24.2), Dextrins (19.7), Trailers (18.2), Combustion Engines (16.6), and Hormones (14.5).
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 Indiana 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.
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.
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