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Overview This page contains the latest international trade data for Michigan. In March 2024 Michigan was the number 7 in total exports and the number 4 in total imports in United States.

Exports In 2023, United States' Michigan exported $61.1B, making it the 7th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Michigan were Spark ignition Trucks < 5... ($7.22B), Large Sized Cars ($3.6B), Transmissions for motor vehicles ($3.1B), Others parts and accessories of bodies... ($2.43B), and Other Motor vehicle parts ($1.34B).

Imports In 2023, United States' Michigan imported $153B, making it the 4th largest importer out of the 53 importers in United States. In 2023 top imports of Michigan were Small Sized Cars ($18.2B), Spark ignition Trucks < 5... ($15.8B), Medium Sized Cars ($11.1B), Large Sized Cars ($9.63B), and Diesel Trucks < 5 tonnes ($8.44B).

Economic Complexity In 2023, the highest complexity exports of Michigan according to the product complexity index (PCI) are Metalworking Transfer Machines (2.04), Other Esters (2.03), Iron Fasteners (1.79), Metal Pickling Preparations (1.79), Other Organo-Inorganic Compounds (1.77), Interchangeable Tool Parts (1.76), Silicone (1.74), Polymer Ion-Exchangers (1.74), Lubricating Products (1.68), and Metal Finishing Machines (1.64). 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$27.5B
Top Product (2023)Spark ignition Trucks < 5...$7.22B

In 2023 the top export destinations of Michigan were Canada ($27.5B), Mexico ($14.9B), China ($2.45B), Germany ($1.99B), and Japan ($1.58B).

In 2023 the top exports of Michigan were Spark ignition Trucks < 5... ($7.22B), Large Sized Cars ($3.6B), Transmissions for motor vehicles ($3.1B), Others parts and accessories of bodies... ($2.43B), and Other Motor vehicle parts ($1.34B).

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Exports Dynamics

Fastest Growing Exports Destination (Mar 2023 - Mar 2024)
China $29.5M (16%)
Thailand $16.6M (20.8%)
Rapidly Declining Export Origins (Mar 2023 - Mar 2024)
Canada -$388M (-16.4%)
Australia -$60.7M (-58.1%)
Belgium -$37.9M (-45.7%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mexico$69.1B
Top Import (2023)Small Sized Cars$18.2B

In 2023 the top import origins of Michigan were Mexico ($69.1B), Canada ($50.9B), South Korea ($13.6B), China ($8.34B), and Germany ($5.69B).

In 2023 the top imports of Michigan were Small Sized Cars ($18.2B), Spark ignition Trucks < 5... ($15.8B), Medium Sized Cars ($11.1B), Large Sized Cars ($9.63B), and Diesel Trucks < 5 tonnes ($8.44B).

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Imports Dynamics

Fastest Growing Import Origins (Mar 2023 - Mar 2024)
South Korea $816M (85.7%)
Mexico $295M (5.14%)
Poland $36.7M (168%)
Rapidly Declining Import Origins (Mar 2023 - Mar 2024)
Canada -$299M (-7.03%)
Italy -$78.5M (-27.3%)
South Africa -$71.7M (-70%)

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Economic Complexity

Economic Complexity of Michigan

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Economic Complexity (2023)0.51

Michigan ranks 6th 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 Michigan already has a comparative advantage, are led by Developed Exposed Photographic Material (0.27), Cutting Blades (0.27), Nickel Sheets (0.27), Additive manufacturing machines (0.27), and Other Stone Articles (0.26).

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Most Complex Products by PCI

The highest complexity exports of Michigan according to the product complexity index (PCI) are Metalworking Transfer Machines (2.04), Other Esters (2.03), Iron Fasteners (1.79), Metal Pickling Preparations (1.79), Other Organo-Inorganic Compounds (1.77), Interchangeable Tool Parts (1.76), Silicone (1.74), Polymer Ion-Exchangers (1.74), Lubricating Products (1.68), and Metal Finishing Machines (1.64). 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 Glass Mirrors (49.17), Nickel Ore (27.75), Delivery Trucks (22.78), Hydrogen (18.74), and Medical Furniture (13.93).

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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 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.

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Relatedness Space

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.

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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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