Montana

State in United States

Exports (2019): $1.65B, Rnk 49/53

Top Destination (2019): $711M, Canada

Top Export (2019): $226M, Cigarettes containing tobacco

Imports (2019): $4.65B, Rnk 41/53

Top Origin (2019): $4.07B, Canada

Top Import (2019): $2.99B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): -0.042, Rnk 47 / 53

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

Exports: In 2019, United States' Montana exported $1.65B, making it the 49th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Montana were Cigarettes containing tobacco ($226M), Coal except anthracite or bituminous, not... ($126M), Copper oxides and hydroxides ($110M), Machines and apparatus of a kind... ($87.8M), and Aircraft parts nes ($65.2M).

Imports: In 2019, United States' Montana imported $4.65B, making it the 41st largest importer out of the 53 importers in United States. In 2019 top imports of Montana were Petroleum oils, oils from bituminous minerals,... ($2.99B), Commodities not specified according to kind ($264M), Waste and scrap of precious metals:... ($192M), Waste and scrap of precious metals:... ($104M), and Urea, including aqueous solution in packs... ($92.3M).

Economic Complexity: In 2019, the highest complexity exports of Montana according to the product complexity index (PCI) are Silicone (1.81), Chemical Analysis Instruments (1.78), Non-optical Microscopes (1.69), Carboxyimide Compounds (1.55), and Hydrides and other anions (1.39). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Canada, $711M

Top Product (2019): Cigarettes containing tobacco, $226M

In 2019 the top export destinations of Montana were Canada ($711M), South Korea ($212M), Belgium ($110M), China ($96M), and Japan ($72.1M).

In 2019 the top exports of Montana were Cigarettes containing tobacco ($226M), Coal except anthracite or bituminous, not... ($126M), Copper oxides and hydroxides ($110M), Machines and apparatus of a kind... ($87.8M), and Aircraft parts nes ($65.2M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Year

Top Origin (2019): Canada, $4.07B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $2.99B

In 2019 the top import origins of Montana were Canada ($4.07B), Germany ($213M), Mexico ($111M), China ($69.2M), and Taiwan ($28.1M).

In 2019 the top imports of Montana were Petroleum oils, oils from bituminous minerals,... ($2.99B), Commodities not specified according to kind ($264M), Waste and scrap of precious metals:... ($192M), Waste and scrap of precious metals:... ($104M), and Urea, including aqueous solution in packs... ($92.3M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Montana throughout time.

This section shows forecasts for total exports and imports from Montana. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

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.

Discover Economic Complexity

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 (0.14), Rough Wood (0.12), Compasses (0.12), Rapeseed Oil (0.11), and Titanium (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 (1.81), Chemical Analysis Instruments (1.78), Non-optical Microscopes (1.69), Carboxyimide Compounds (1.55), and Hydrides and other anions (1.39). 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 (884), Soapstone (262), Inorganic Salts (260), Quicklime (159), and Water and Gas Generators (146).

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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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.