Michigan

State in United States

2019
Economic
Complexity
: 0.58, Rank 3 of 53

Jan 2021
Trade
Exports | Imports
: $3.75B | $10.5B, 11 of 54 | 6 of 54

Jan 2021
Country
Destination | Origin
: Canada | Mexico , $1.56B  | $4.36B

Jan 2021
Product
Exports | Imports
: Vehicle Parts | Cars , $568M  | $2.56B

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

Exports: In 2020, United States' Michigan exported $43.9B, making it the 8th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Michigan were Spark ignition engine trucks weighing <... ($3.66B), Transmissions for motor vehicles ($2.27B), Large Sized Cars ($2.19B), Parts and accessories of bodies nes... ($1.82B), and Engines, spark-ignition reciprocating, over 1000 cc ($1.4B).

Imports: In 2020, United States' Michigan imported $116B, making it the 5th largest importer out of the 53 importers in United States. In 2020 top imports of Michigan were Medium Sized Cars ($11.3B), Small Sized Cars ($11.3B), Spark ignition engine trucks weighing <... ($9.8B), Large Sized Cars ($8.66B), and Diesel powered trucks weighing < 5... ($5.75B).

Economic Complexity: In 2019, the highest complexity exports of Michigan according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Other Measuring Instruments (1.86), Other Esters (1.85), Silicone (1.83), and Metalworking Machines (1.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Michigan's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $17.3B

Top Product (2020): Spark ignition engine trucks weighing <..., $3.66B

In 2020 the top export destinations of Michigan were Canada ($17.3B), Mexico ($8.7B), China ($2.48B), Germany ($1.63B), and South Korea ($1.33B).

In 2020 the top exports of Michigan were Spark ignition engine trucks weighing <... ($3.66B), Transmissions for motor vehicles ($2.27B), Large Sized Cars ($2.19B), Parts and accessories of bodies nes... ($1.82B), and Engines, spark-ignition reciprocating, over 1000 cc ($1.4B).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Mexico, $47.5B

Top Import (2020): Medium Sized Cars, $11.3B

In 2020 the top import origins of Michigan were Mexico ($47.5B), Canada ($33.3B), China ($7.44B), South Korea ($6.35B), and Germany ($3.57B).

In 2020 the top imports of Michigan were Medium Sized Cars ($11.3B), Small Sized Cars ($11.3B), Spark ignition engine trucks weighing <... ($9.8B), Large Sized Cars ($8.66B), and Diesel powered trucks weighing < 5... ($5.75B).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

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.

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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 Developed Exposed Photographic Material (0.28), Halides (0.27), Machinery Having Individual Functions (0.26), Cutting Blades (0.26), and Copper Fasteners (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 Metalworking Transfer Machines (2.32), Other Measuring Instruments (1.86), Other Esters (1.85), Silicone (1.83), and Metalworking Machines (1.82). 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 (49.7), Silicone (21.8), Nickel Ore (18.3), Asphalt (18.3), and Delivery Trucks (14.9).

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 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.