MichiganState 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.
Overview: In January 2021 Michigan exported $3.75B and imported $10.5B, resulting in a negative trade balance of $6.72B. Between January 2020 and January 2021 the exports of Michigan have decreased by $-414M (-9.96%) from $4.16B to $3.75B, while imports increased by $389M (3.86%) from $10.1B to $10.5B.
Trade: In January 2021, the top exports of Michigan were Vehicle Parts ($568M), Delivery Trucks ($443M), Cars ($290M), Spark-Ignition Engines ($111M), and Glass Mirrors ($95.4M). In January 2021 the top imports of Michigan were Cars ($2.56B), Vehicle Parts ($1.46B), Delivery Trucks ($1.35B), Spark-Ignition Engines ($312M), and Commodities not elsewhere specified ($284M).
Destinations: In January 2021, Michigan exported mostly to Canada ($1.56B), Mexico ($756M), China ($183M), Germany ($160M), and Japan ($103M), and imported mostly from Mexico ($4.36B), Canada ($2.77B), China ($796M), South Korea ($698M), and Germany ($324M).
Growth: In January 2021, the decrease in Michigan's year-by-year exports was explained primarily by an decrease in exports to Canada ($-179M or -10.3%), Mexico ($-169M or -18.3%), and United Kingdom ($-63.5M or -58.5%), and product exports decrease in Vehicle Parts ($-113M or -16.6%), Delivery Trucks ($-91.1M or -17.1%), and Machinery Having Individual Functions ($-55.7M or -76.3%). In January 2021, the increase in Michigan's year-by-year imports was explained primarily by an increase in imports from Mexico ($197M or 4.72%), South Korea ($186M or 36.3%), and China ($63.8M or 8.72%), and product imports increase in Cars ($83.2M or 3.35%), Delivery Trucks ($75.9M or 5.97%), and Electrical Control Boards ($50.5M or 60.9%).
EXPORT GROWTH (January 2020 - January 2021): $-414M, (-9.96%)
IMPORT GROWTH (January 2020 - January 2021): $389M, (3.86%)
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.
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.
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).
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).
Michigan ranks 3rd out of the 53 states and territories in United States according to ECI.
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 Developed Exposed Photographic Material (0.28), Halides (0.27), Machinery Having Individual Functions (0.26), Cutting Blades (0.26), and Copper Fasteners (0.26).
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.
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.
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.
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