IndianaState in United States
2020 Economic Complexity : 0.48, Rank 5 of 52
Nov 2022 Trade Exports | Imports: $3.86B | $7.65B, 13 of 54 | 11 of 54
Nov 2022 Country Destination | Origin: Canada | Ireland , $1.24B | $1.37B
Nov 2022 Product Exports | Imports: Medicaments nes, in dosage | Medicaments nes, in dosage , $370M | $742M
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.
November, 2022
Overview In November 2022 Indiana exported $3.86B and imported $7.65B, resulting in a negative trade balance of $3.8B. Between November 2021 and November 2022 the exports of Indiana have increased by $312M (8.81%) from $3.54B to $3.86B, while imports increased by $753M (10.9%) from $6.9B to $7.65B.
Trade In November 2022, the top exports of Indiana were Packaged Medicaments ($437M), Motor vehicles; parts and accessories (8701... ($304M), Vaccines, blood, antisera, toxins and cultures ($294M), Aircraft Parts ($230M), and Trailers and semi-trailers, not mechanically propelled... ($130M). In November 2022 the top imports of Indiana were Packaged Medicaments ($1.42B), Vaccines, blood, antisera, toxins and cultures ($838M), Video and Card Games ($606M), Motor vehicles; parts and accessories (8701... ($299M), and Commodities not elsewhere specified ($250M).
Destinations In November 2022, Indiana exported mostly to Canada ($1.24B), Mexico ($446M), China ($329M), Germany ($282M), and Japan ($185M), and imported mostly from Ireland ($1.37B), China ($1.18B), Canada ($881M), Switzerland ($662M), and Japan ($502M).
Growth In November 2022, 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 ($78.9M or 43.1%), and Ireland ($74.7M or 462%), and product exports increase in Packaged Medicaments ($87.9M or 30.4%), Cars ($53.1M or 47.2%), and Vaccines, blood, antisera, toxins and cultures ($31.5M or 14.1%). In November 2022, the increase in Indiana's year-by-year imports was explained primarily by an increase in imports from Ireland ($715M or 71.4%), Canada ($111M or 17.9%), and China ($70M or 12.4%), and product imports increase in Vaccines, blood, antisera, toxins and cultures ($449M or 56.9%), Packaged Medicaments ($191M or 28.4%), and Nucleic Acids ($110M or 105%).
EXPORT GROWTH (November 2021 - November 2022): $312M, (8.81%)
IMPORT GROWTH (November 2021 - November 2022): $753M, (10.9%)
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.
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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).
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).
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.
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).
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.
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.
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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