Montana

State in United States

2019
Economic
Complexity
: -0.042, Rank 47 of 53

Jan 2021
Trade
Exports | Imports
: $147M | $380M, 49 of 54 | 42 of 54

Jan 2021
Country
Destination | Origin
: Canada | Canada , $52.2M  | $337M

Jan 2021
Product
Exports | Imports
: Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays | Crude Petroleum , $18.7M  | $231M

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

Exports: In 2020, United States' Montana exported $1.43B, making it the 49th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Montana were Coal except anthracite or bituminous, not... ($112M), Copper ores and concentrates ($109M), Copper oxides and hydroxides ($108M), Lentils dried, shelled ($73.2M), and Cattle: live, other than pure-bred breeding... ($54.6M).

Imports: In 2020, United States' Montana imported $3.95B, making it the 43rd largest importer out of the 53 importers in United States. In 2020 top imports of Montana were Petroleum oils, oils from bituminous minerals,... ($2.18B), Commodities not specified according to kind ($393M), Waste and scrap of precious metals:... ($318M), Urea, including aqueous solution in packs... ($83.1M), and Wood; coniferous species, other than of... ($78M).

Economic Complexity: In 2019, the highest complexity exports of Montana according to the product complexity index (PCI) are Silicone (1.83), Oscilloscopes (1.77), Non-optical Microscopes (1.71), Chemical Analysis Instruments (1.7), and LCDs (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Value
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This section shows the differences between Montana'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, $544M

Top Product (2020): Coal except anthracite or bituminous, not..., $112M

In 2020 the top export destinations of Montana were Canada ($544M), South Korea ($188M), China ($94.7M), Japan ($69.5M), and Belgium ($67.5M).

In 2020 the top exports of Montana were Coal except anthracite or bituminous, not... ($112M), Copper ores and concentrates ($109M), Copper oxides and hydroxides ($108M), Lentils dried, shelled ($73.2M), and Cattle: live, other than pure-bred breeding... ($54.6M).

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): Canada, $3.44B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $2.18B

In 2020 the top import origins of Montana were Canada ($3.44B), Germany ($159M), Mexico ($70.1M), China ($58M), and Taiwan ($43.7M).

In 2020 the top imports of Montana were Petroleum oils, oils from bituminous minerals,... ($2.18B), Commodities not specified according to kind ($393M), Waste and scrap of precious metals:... ($318M), Urea, including aqueous solution in packs... ($83.1M), and Wood; coniferous species, other than of... ($78M).

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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Montana ranks 47th 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 Montana already has a comparative advantage, are led by Soybeans (0.13), Compasses (0.12), Titanium (0.11), Rapeseed Oil (0.11), and Rough Wood (0.11).

Most Complex Products by PCI

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The highest complexity exports of Montana according to the product complexity index (PCI) are Silicone (1.83), Oscilloscopes (1.77), Non-optical Microscopes (1.71), Chemical Analysis Instruments (1.7), and LCDs (1.7). 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 Hydrides and other anions (895), Soapstone (270), Inorganic Salts (232), Water and Gas Generators (167), and Quicklime (159).

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