Overview This page contains the latest international trade data for Indiana. In November 2022 Indiana was the number 13 in total exports and the number 11 in total imports in United States.

Exports In 2021, United States' Indiana exported $41.1B, making it the 13th largest exporter out of the 53 exporters in United States. In 2021 the top exports of Indiana were Medicaments nes, in dosage ($3.95B), Immunological products packings for retail sale ($2.33B), Transmissions for motor vehicles ($1.49B), Other Aircraft parts ($1.45B), and Engines, diesel, for motor vehicles ($1.42B).

Imports In 2021, United States' Indiana imported $77.4B, making it the 11th largest importer out of the 53 importers in United States. In 2021 top imports of Indiana were Hormones nes, except contraceptives, in dosage ($7.21B), Immunological products packings for retail sale ($4.04B), Polypeptide hormones, protein hormones and glycoprotein... ($3.7B), Medicaments nes, in dosage ($3.52B), and Antisera and other blood fractions ($2.97B).

Economic Complexity In 2020, the highest complexity exports of Indiana according to the product complexity index (PCI) are Nickel Sheets (1.45), Motor-working Tools (1.35), Combustion Engines (1.21), Laboratory Reagents (1.11), and Trailers and semi-trailers, not mechanically propelled... (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): Canada, $13.3B

Top Product (2021): Medicaments nes, in dosage, $3.95B

In 2021 the top export destinations of Indiana were Canada ($13.3B), Mexico ($5.28B), China ($3.24B), Germany ($2.42B), and Japan ($2.08B).

In 2021 the top exports of Indiana were Medicaments nes, in dosage ($3.95B), Immunological products packings for retail sale ($2.33B), Transmissions for motor vehicles ($1.49B), Other Aircraft parts ($1.45B), and Engines, diesel, for motor vehicles ($1.42B).

Exports Dynamics

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Fastest Growing Exports Destination (Nov 2021 - Nov 2022)

Rapidly Declining Export Origins (Nov 2021 - Nov 2022)

Yearly Imports

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Top Origin (2021): Ireland, $14.7B

Top Import (2021): Hormones nes, except contraceptives, in dosage, $7.21B

In 2021 the top import origins of Indiana were Ireland ($14.7B), Canada ($10.5B), China ($8.99B), Denmark ($6.25B), and Japan ($5.88B).

In 2021 the top imports of Indiana were Hormones nes, except contraceptives, in dosage ($7.21B), Immunological products packings for retail sale ($4.04B), Polypeptide hormones, protein hormones and glycoprotein... ($3.7B), Medicaments nes, in dosage ($3.52B), and Antisera and other blood fractions ($2.97B).

Imports Dynamics

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Fastest Growing Import Origins (Nov 2021 - Nov 2022)

Rapidly Declining Import Origins (Nov 2021 - Nov 2022)

Economic Complexity

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Economic Complexity of Indiana

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Economic Complexity (2021): 0.48

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.

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 Newsprint (0.27), Textiles for technical uses (0.26), Spark-Ignition Engines (0.26), Metalworking Machine Parts (0.26), and Locomotive Parts (0.26).

Most Complex Products by PCI

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The highest complexity exports of Indiana according to the product complexity index (PCI) are Nickel Sheets (1.45), Motor-working Tools (1.35), Combustion Engines (1.21), Laboratory Reagents (1.11), and Trailers and semi-trailers, not mechanically propelled... (0.74). 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 Trailers and semi-trailers, not mechanically propelled... (26.2), Dextrins (21.5), Nickel Sheets (17.2), Combustion Engines (15.7), and Asphalt (13.9).

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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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.