South Dakota

State in United States

2019
Economic
Complexity
: 0.22, Rank 30 of 53

Jan 2021
Trade
Exports | Imports
: $137M | $135M, 50 of 54 | 51 of 54

Jan 2021
Country
Destination | Origin
: Canada | Canada , $44.1M  | $41.8M

Jan 2021
Product
Exports | Imports
: Pig Meat | Other Engines , $24.5M  | $16.1M

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

Exports: In 2020, United States' South Dakota exported $1.38B, making it the 50th largest exporter out of the 53 exporters in United States. In 2020 the top exports of South Dakota were Brewing or distilling dregs and waste ($110M), Soya-bean oil-cake and other solid residues ($80.5M), Soya beans: other than seed, whether... ($66.2M), Ethyl alcohol and other spirits, denatured ($62.9M), and Swine cuts, frozen nes ($57.3M).

Imports: In 2020, United States' South Dakota imported $1.26B, making it the 50th largest importer out of the 53 importers in United States. In 2020 top imports of South Dakota were Bovine meat, offal nes, not livers,... ($171M), Parts of hydraulic/pneumatic/other power engines ($48.4M), Automatic data processing machines: portable, weighing... ($42.5M), Wood; coniferous species, other than of... ($36M), and Commodities not specified according to kind ($32.1M).

Economic Complexity: In 2019, the highest complexity exports of South Dakota according to the product complexity index (PCI) are Photographic Chemicals (2.16), Electric Soldering Equipment (1.72), Forging Machines (1.7), Fork-Lifts (1.67), and Transmissions (1.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

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

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2020): Canada, $524M

Top Product (2020): Brewing or distilling dregs and waste, $110M

In 2020 the top export destinations of South Dakota were Canada ($524M), Mexico ($314M), China ($97.8M), Japan ($92.9M), and Germany ($38.6M).

In 2020 the top exports of South Dakota were Brewing or distilling dregs and waste ($110M), Soya-bean oil-cake and other solid residues ($80.5M), Soya beans: other than seed, whether... ($66.2M), Ethyl alcohol and other spirits, denatured ($62.9M), and Swine cuts, frozen nes ($57.3M).

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2020): Canada, $428M

Top Import (2020): Bovine meat, offal nes, not livers,..., $171M

In 2020 the top import origins of South Dakota were Canada ($428M), China ($231M), Brazil ($184M), Mexico ($77.1M), and Germany ($58M).

In 2020 the top imports of South Dakota were Bovine meat, offal nes, not livers,... ($171M), Parts of hydraulic/pneumatic/other power engines ($48.4M), Automatic data processing machines: portable, weighing... ($42.5M), Wood; coniferous species, other than of... ($36M), and Commodities not specified according to kind ($32.1M).

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

#permalink to section

Economic Complexity of United States

#permalink to section

South Dakota ranks 30th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were South Dakota already has a comparative advantage, are led by Orthopedic Appliances (0.17), Laboratory Reagents (0.17), Liquid Fuel Furnaces (0.17), Sulfate Chemical Woodpulp (0.16), and Combustion Engines (0.16).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of South Dakota according to the product complexity index (PCI) are Photographic Chemicals (2.16), Electric Soldering Equipment (1.72), Forging Machines (1.7), Fork-Lifts (1.67), and Transmissions (1.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Starch Residue (303), Clays (245), Oil Seed Flower (101), Water and Gas Generators (81.6), and Alcohol > 80% ABV (71.5).

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 South Dakota 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

#permalink to section

This network shows the products most related to the production structure of  South Dakota. These are products that tend to be co-exported with the products that South Dakota exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.