Indiana

State 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.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

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.

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

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).

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

#permalink to section
Value
Depth

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).

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

#permalink to section

Economic Complexity of United States

#permalink to section

Indiana ranks 7th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

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).

Most Complex Products by PCI

#permalink to section

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.

Most Specialized Products by RCA Index

#permalink to section

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.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Indiana. These are products that tend to be co-exported with the products that Indiana exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.