MichiganState in United States
2020 Economic Complexity : 0.48, Rank 4 of 52
Aug 2022 Trade Exports | Imports: $5.23B | $13.5B, 8 of 54 | 6 of 54
Aug 2022 Country Destination | Origin: Canada | Mexico , $2.28B | $5.03B
Aug 2022 Product Exports | Imports: Spark ignition Trucks < 5 tonnes | Small Sized Cars , $585M | $1.04B
Overview This page contains the latest international trade data for Michigan. In August 2022 Michigan was the number 6 in total exports and the number 6 in total imports in United States.
Exports In 2021, United States' Michigan exported $55.5B, making it the 6th largest exporter out of the 53 exporters in United States. In 2021 the top exports of Michigan were Spark ignition Trucks < 5... ($5.38B), Vaccines, human use ($5.03B), Large Sized Cars ($3.62B), Transmissions for motor vehicles ($2.24B), and Others parts and accessories of bodies... ($1.71B).
Imports In 2021, United States' Michigan imported $132B, making it the 6th largest importer out of the 53 importers in United States. In 2021 top imports of Michigan were Spark ignition Trucks < 5... ($10.9B), Small Sized Cars ($8.41B), Medium Sized Cars ($8.07B), Diesel Trucks < 5 tonnes ($7.7B), and Large Sized Cars ($7.36B).
Economic Complexity In 2020, the highest complexity exports of Michigan according to the product complexity index (PCI) are Silicone (1.81), Polymer Ion-Exchangers (1.61), Glass Mirrors (1.21), Vaccines, blood, antisera, toxins and cultures (1.04), and Medical Furniture (0.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
August, 2022
Overview In August 2022 Michigan exported $5.23B and imported $13.5B, resulting in a negative trade balance of $8.27B. Between August 2021 and August 2022 the exports of Michigan have increased by $518M (11%) from $4.72B to $5.23B, while imports increased by $2.51B (22.8%) from $11B to $13.5B.
Trade In August 2022, the top exports of Michigan were Motor vehicles; parts and accessories (8701... ($806M), Delivery Trucks ($709M), Cars ($492M), Petroleum Gas ($165M), and Spark-Ignition Engines ($94.6M). In August 2022 the top imports of Michigan were Cars ($2.64B), Motor vehicles; parts and accessories (8701... ($2B), Delivery Trucks ($1.52B), Crude Petroleum ($537M), and Commodities not elsewhere specified ($398M).
Destinations In August 2022, Michigan exported mostly to Canada ($2.28B), Mexico ($1.08B), China ($227M), Germany ($148M), and South Korea ($137M), and imported mostly from Mexico ($5.03B), Canada ($4.1B), China ($937M), South Korea ($925M), and Germany ($433M).
Growth In August 2022, the increase in Michigan's year-by-year exports was explained primarily by an increase in exports to China ($26.3M or 16.8%), France ($17.3M or 55.1%), and Australia ($16.3M or 68.2%), and product exports increase in Cars ($52.1M or 21.9%), Electrical Capacitors ($12.8M or 341%), and Vaccines, blood, antisera, toxins and cultures ($12M or 156%). In August 2022, the increase in Michigan's year-by-year imports was explained primarily by an increase in imports from Mexico ($199M or 4.78%), South Korea ($187M or 36.6%), and China ($66.6M or 9.14%), and product imports increase in Cars ($91M or 3.68%), Delivery Trucks ($75.9M or 5.97%), and Electrical Control Boards ($50.7M or 61.1%).
EXPORT GROWTH (August 2021 - August 2022): $518M, (11%)
IMPORT GROWTH (August 2021 - August 2022): $2.51B, (22.8%)
This section shows exports and imports data at subnational level for Michigan. 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 Michigan over time.
For full datasets download visit Bulk Download page.
Top Destination (2021): Canada, $21.7B
Top Product (2021): Spark ignition Trucks < 5..., $5.38B
In 2021 the top export destinations of Michigan were Canada ($21.7B), Mexico ($10.6B), China ($2.75B), Brazil ($2.43B), and Germany ($1.71B).
In 2021 the top exports of Michigan were Spark ignition Trucks < 5... ($5.38B), Vaccines, human use ($5.03B), Large Sized Cars ($3.62B), Transmissions for motor vehicles ($2.24B), and Others parts and accessories of bodies... ($1.71B).
Top Origin (2021): Mexico, $52B
Top Import (2021): Spark ignition Trucks < 5..., $10.9B
In 2021 the top import origins of Michigan were Mexico ($52B), Canada ($37.9B), China ($8.32B), South Korea ($7.21B), and Germany ($4.75B).
In 2021 the top imports of Michigan were Spark ignition Trucks < 5... ($10.9B), Small Sized Cars ($8.41B), Medium Sized Cars ($8.07B), Diesel Trucks < 5 tonnes ($7.7B), and Large Sized Cars ($7.36B).
Fastest Growing Import Origins (Aug 2021 - Aug 2022)
Rapidly Declining Import Origins (Aug 2021 - Aug 2022)
Economic Complexity (2021): 0.48
Michigan ranks 4th 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 Michigan already has a comparative advantage, are led by Halides (0.26), Nickel Sheets (0.26), Developed Exposed Photographic Material (0.26), Machinery Having Individual Functions (0.25), and Fork-Lifts (0.25).
The highest complexity exports of Michigan according to the product complexity index (PCI) are Silicone (1.81), Polymer Ion-Exchangers (1.61), Glass Mirrors (1.21), Vaccines, blood, antisera, toxins and cultures (1.04), and Medical Furniture (0.78). 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 Glass Mirrors (44.1), Nickel Ore (23.3), Hydrogen (19.5), Delivery Trucks (15.8), and Silicone (13.2).
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.12 ibex