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Overview This page contains the latest international trade data for Indiana. In December 2023 Indiana was the number 9 in total exports and the number 11 in total imports in United States.

Exports In 2023, United States' Indiana exported $45.2B, making it the 9th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Indiana were Medicaments nes, in dosage ($5.97B), Polypeptide hormones, protein hormones and glycoprotein... ($4.09B), Immunological products packings for retail sale ($2.98B), Transmissions for motor vehicles ($2.01B), and Other Aircraft parts ($1.88B).

Imports In 2023, United States' Indiana imported $89.8B, making it the 11th largest importer out of the 53 importers in United States. In 2023 top imports of Indiana were Polypeptide hormones, protein hormones and glycoprotein... ($7.86B), Medicaments nes, in dosage ($7.61B), Hormones nes, except contraceptives, in dosage ($6.53B), Immunological products packings for retail sale ($5.53B), and Commodities not specified according to kind ($3.79B).

Economic Complexity In 2023, the highest complexity exports of Indiana according to the product complexity index (PCI) are Silicone (1.74), Fork-Lifts (1.63), Cermets (1.59), Nickel Sheets (1.58), Nucleic Acids (1.57), Vaccines, blood, antisera, toxins and cultures (1.45), Laboratory Reagents (1.31), Combustion Engines (1.27), Compasses (1.27), and Petroleum Resins (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Canada$14.9B
Top Product (2023)Medicaments nes, in dosage$5.97B

In 2023 the top export destinations of Indiana were Canada ($14.9B), Mexico ($7.51B), China ($4.98B), Germany ($3.86B), and Italy ($3.24B).

In 2023 the top exports of Indiana were Medicaments nes, in dosage ($5.97B), Polypeptide hormones, protein hormones and glycoprotein... ($4.09B), Immunological products packings for retail sale ($2.98B), Transmissions for motor vehicles ($2.01B), and Other Aircraft parts ($1.88B).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Italy $485M (614%)
China $142M (52.3%)
Australia $93.8M (166%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Egypt -$18.7M (-79.9%)
United Arab Emirates -$18.6M (-30.3%)
Hong Kong -$14.3M (-53.3%)

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Yearly Imports

Color
Depth
Top Origin (2023)Ireland$20.9B

In 2023 the top import origins of Indiana were Ireland ($20.9B), Canada ($11.1B), China ($8.03B), Switzerland ($7.74B), and Germany ($6.13B).

In 2023 the top imports of Indiana were Polypeptide hormones, protein hormones and glycoprotein... ($7.86B), Medicaments nes, in dosage ($7.61B), Hormones nes, except contraceptives, in dosage ($6.53B), Immunological products packings for retail sale ($5.53B), and Commodities not specified according to kind ($3.79B).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Ireland $578M (34.8%)
Germany $229M (57.6%)
Italy $159M (150%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Denmark -$873M (-82%)
China -$184M (-26.8%)
Switzerland -$136M (-32.4%)

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Economic Complexity

Economic Complexity of Indiana

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Economic Complexity (2023)0.53

Indiana ranks 5th out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Indiana already has a comparative advantage, are led by Micro-Organism Culture Preparations (0.23), Prints (0.23), Chemical Analysis Instruments (0.23), Non-optical Microscopes (0.23), and Additive manufacturing machines (0.23).

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Most Complex Products by PCI

The highest complexity exports of Indiana according to the product complexity index (PCI) are Silicone (1.74), Fork-Lifts (1.63), Cermets (1.59), Nickel Sheets (1.58), Nucleic Acids (1.57), Vaccines, blood, antisera, toxins and cultures (1.45), Laboratory Reagents (1.31), Combustion Engines (1.27), Compasses (1.27), and Petroleum Resins (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Hormones (80.42), Enzymes (35.10), Other Locomotives (34.79), Nickel Sheets (26.01), and Starch Residue (18.37).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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