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Overview This page contains the latest international trade data for South Dakota. In November 2023 South Dakota was the number 48 in total exports and the number 50 in total imports in United States.

Exports In 2022, United States' South Dakota exported $2.35B, making it the 48th largest exporter out of the 53 exporters in United States. In 2022 the top exports of South Dakota were Ethyl alcohol and other spirits, denatured ($363M), Fresh/Chilled Pork Cuts (Hams, Shoulders &... ($176M), Brewing or distilling dregs and waste ($147M), Soya-bean oil-cake and other solid residues ($143M), and Fresh/Chilled Boneless Beef Cuts ($60.2M).

Imports In 2022, United States' South Dakota imported $1.87B, making it the 50th largest importer out of the 53 importers in United States. In 2022 top imports of South Dakota were Bovine meat, offal nes, not livers,... ($238M), S-P-F (spruce "Picea spp.", pine "Pinus... ($62.8M), Aluminium unwrought, not alloyed ($45.5M), Potassium chloride, in packs >10 kg ($44.3M), and Commodities not specified according to kind ($43.2M).

Economic Complexity In 2022, the highest complexity exports of South Dakota according to the product complexity index (PCI) are Fork-Lifts (1.61), Forging Machines (1.56), Self-adhesive Plastics (1.2), Textiles for technical uses (1.09), Lifting Machinery (1.06), Abrasive Powder (1.02), Opto-Electric Instrument Parts (1), Vehicle Bodies (including cabs) for the... (1), Bandages (0.85), and Non-woven Textiles (0.84). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)Canada$992M

In 2022 the top export destinations of South Dakota were Canada ($992M), Mexico ($522M), South Korea ($166M), China ($120M), and Japan ($110M).

In 2022 the top exports of South Dakota were Ethyl alcohol and other spirits, denatured ($363M), Fresh/Chilled Pork Cuts (Hams, Shoulders &... ($176M), Brewing or distilling dregs and waste ($147M), Soya-bean oil-cake and other solid residues ($143M), and Fresh/Chilled Boneless Beef Cuts ($60.2M).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
Netherlands $1.79M (114%)
Argentina $1.22M (5.29k%)
Colombia $783k (346%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
South Korea -$16.2M (-94.3%)
Mexico -$14.3M (-29.3%)
Brazil -$2.27M (-57.4%)

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Yearly Imports

Color
Depth
Top Origin (2022)Canada$717M

In 2022 the top import origins of South Dakota were Canada ($717M), China ($361M), Brazil ($240M), Mexico ($77.6M), and Germany ($62.5M).

In 2022 the top imports of South Dakota were Bovine meat, offal nes, not livers,... ($238M), S-P-F (spruce "Picea spp.", pine "Pinus... ($62.8M), Aluminium unwrought, not alloyed ($45.5M), Potassium chloride, in packs >10 kg ($44.3M), and Commodities not specified according to kind ($43.2M).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Brazil $1.99M (18.7%)
Italy $1.64M (100%)
Austria $1.1M (121%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
France -$6.69M (-96.9%)
China -$5.36M (-25.5%)
Japan -$3.12M (-74.6%)

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Economic Complexity

Economic Complexity of South Dakota

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Economic Complexity (2022)0.17

South Dakota ranks 39th 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.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were South Dakota already has a comparative advantage, are led by Barley (0.16), Casein (0.16), Aluminium Gas Containers (0.15), Orthopedic Appliances (0.15), and Liquid Fuel Furnaces (0.15).

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Most Complex Products by PCI

The highest complexity exports of South Dakota according to the product complexity index (PCI) are Fork-Lifts (1.61), Forging Machines (1.56), Self-adhesive Plastics (1.2), Textiles for technical uses (1.09), Lifting Machinery (1.06), Abrasive Powder (1.02), Opto-Electric Instrument Parts (1), Vehicle Bodies (including cabs) for the... (1), Bandages (0.85), and Non-woven Textiles (0.84). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Oil Seed Flower (336.70), Alcohol > 80% ABV (295.86), Starch Residue (206.08), Clays (170.23), and Water Soluble Proteins (154.57).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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