Michigan

State in United States

Exports (2019): $55B, Rnk 8/53

Top Destination (2019): $22.7B, Canada

Top Export (2019): $5.53B, Spark ignition engine trucks weighing <...

Imports (2019): $142B, Rnk 4/53

Top Origin (2019): $58.2B, Mexico

Top Import (2019): $15.4B, Medium Sized Cars

Economic Complexity (2019): 0.55, Rnk 3 / 53

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

Exports: In 2019, United States' Michigan exported $55B, making it the 8th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Michigan were Spark ignition engine trucks weighing <... ($5.53B), Large Sized Cars ($3.48B), Parts and accessories of bodies nes... ($2.64B), Transmissions for motor vehicles ($2.48B), and Engines, spark-ignition reciprocating, over 1000 cc ($1.79B).

Imports: In 2019, United States' Michigan imported $142B, making it the 4th largest importer out of the 53 importers in United States. In 2019 top imports of Michigan were Medium Sized Cars ($15.4B), Large Sized Cars ($13.9B), Spark ignition engine trucks weighing <... ($13.9B), Small Sized Cars ($12.8B), and Diesel powered trucks weighing < 5... ($5.43B).

Economic Complexity: In 2019, the highest complexity exports of Michigan according to the product complexity index (PCI) are Silicone (1.81), Chemical Analysis Instruments (1.78), Metal Pickling Preparations (1.71), Metalworking Machines (1.67), and Metal Finishing Machines (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Canada, $22.7B

Top Product (2019): Spark ignition engine trucks weighing <..., $5.53B

In 2019 the top export destinations of Michigan were Canada ($22.7B), Mexico ($11.2B), China ($3.24B), Germany ($2.04B), and Japan ($1.45B).

In 2019 the top exports of Michigan were Spark ignition engine trucks weighing <... ($5.53B), Large Sized Cars ($3.48B), Parts and accessories of bodies nes... ($2.64B), Transmissions for motor vehicles ($2.48B), and Engines, spark-ignition reciprocating, over 1000 cc ($1.79B).

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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Year

Top Origin (2019): Mexico, $58.2B

Top Import (2019): Medium Sized Cars, $15.4B

In 2019 the top import origins of Michigan were Mexico ($58.2B), Canada ($45.2B), China ($8.71B), South Korea ($5.94B), and Germany ($4.54B).

In 2019 the top imports of Michigan were Medium Sized Cars ($15.4B), Large Sized Cars ($13.9B), Spark ignition engine trucks weighing <... ($13.9B), Small Sized Cars ($12.8B), and Diesel powered trucks weighing < 5... ($5.43B).

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 Michigan throughout time.

This section shows forecasts for total exports and imports from Michigan. 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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Michigan ranks 3rd 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 Michigan already has a comparative advantage, are led by Cermets (0.27), Developed Exposed Photographic Material (0.27), Cutting Blades (0.26), Halides (0.26), and Machinery Having Individual Functions (0.26).

Most Complex Products by PCI

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The highest complexity exports of Michigan according to the product complexity index (PCI) are Silicone (1.81), Chemical Analysis Instruments (1.78), Metal Pickling Preparations (1.71), Metalworking Machines (1.67), and Metal Finishing Machines (1.67). 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 Glass Mirrors (47.6), Silicone (21.6), Nickel Ore (21.5), Asphalt (20.4), and Delivery Trucks (14.4).

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 Michigan 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  Michigan. These are products that tend to be co-exported with the products that Michigan 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.