Indiana

State in United States

Exports (2019): $39.3B, Rnk 13/53

Top Destination (2019): $13.2B, Canada

Top Export (2019): $2.95B, Medicaments nes, in dosage

Imports (2019): $64.4B, Rnk 12/53

Top Origin (2019): $9.04B, Ireland

Top Import (2019): $5.58B, Hormones nes, except contraceptives, in dosage

Economic Complexity (2019): 0.47, Rnk 8 / 53

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

Exports: In 2019, United States' Indiana exported $39.3B, making it the 13th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Indiana were Medicaments nes, in dosage ($2.95B), Transmissions for motor vehicles ($2.27B), Spark ignition engine trucks weighing <... ($2.08B), Aircraft parts nes ($1.86B), and Blood, human or animal, antisera, other... ($1.67B).

Imports: In 2019, United States' Indiana imported $64.4B, making it the 12th largest importer out of the 53 importers in United States. In 2019 top imports of Indiana were Hormones nes, except contraceptives, in dosage ($5.58B), Blood, human or animal, antisera, other... ($2.97B), Blood, human or animal, antisera, other... ($2.78B), Commodities not specified according to kind ($2.7B), and Medicaments nes, in dosage ($1.98B).

Economic Complexity: In 2019, the highest complexity exports of Indiana according to the product complexity index (PCI) are Cermets (2.2), Silicone (1.81), Chemical Analysis Instruments (1.78), Fork-Lifts (1.71), and Iron Fasteners (1.66). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Canada, $13.2B

Top Product (2019): Medicaments nes, in dosage, $2.95B

In 2019 the top export destinations of Indiana were Canada ($13.2B), Mexico ($5.67B), Japan ($2.11B), China ($2.04B), and Germany ($1.41B).

In 2019 the top exports of Indiana were Medicaments nes, in dosage ($2.95B), Transmissions for motor vehicles ($2.27B), Spark ignition engine trucks weighing <... ($2.08B), Aircraft parts nes ($1.86B), and Blood, human or animal, antisera, other... ($1.67B).

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): Ireland, $9.04B

Top Import (2019): Hormones nes, except contraceptives, in dosage, $5.58B

In 2019 the top import origins of Indiana were Ireland ($9.04B), China ($7.77B), Canada ($7.77B), Japan ($6.71B), and Denmark ($5.94B).

In 2019 the top imports of Indiana were Hormones nes, except contraceptives, in dosage ($5.58B), Blood, human or animal, antisera, other... ($2.97B), Blood, human or animal, antisera, other... ($2.78B), Commodities not specified according to kind ($2.7B), and Medicaments nes, in dosage ($1.98B).

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

This section shows forecasts for total exports and imports from Indiana. 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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Indiana ranks 8th 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 Indiana already has a comparative advantage, are led by X-Ray Equipment (0.24), Tensile Testing Machines (0.24), Electric Soldering Equipment (0.24), Metalworking Machine Parts (0.23), and Spark-Ignition Engines (0.23).

Most Complex Products by PCI

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The highest complexity exports of Indiana according to the product complexity index (PCI) are Cermets (2.2), Silicone (1.81), Chemical Analysis Instruments (1.78), Fork-Lifts (1.71), and Iron Fasteners (1.66). 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 Nickel Sheets (24.5), Dextrins (19.2), Trailers (18.1), Armored vehicles (16.8), and Combustion Engines (15.8).

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

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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

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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.