Wisconsin

State in United States

2019
Economic
Complexity
: 0.43, Rank 13 of 53

Jan 2021
Trade
Exports | Imports
: $1.86B | $2.3B, 20 of 54 | 21 of 54

Jan 2021
Country
Destination | Origin
: Canada | China , $547M  | $567M

Jan 2021
Product
Exports | Imports
: Aircraft Parts | Motor-working Tools , $76.4M  | $132M

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

Exports: In 2020, United States' Wisconsin exported $20.5B, making it the 20th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Wisconsin were Aircraft parts nes ($559M), Outboard motors, spark-ignition ($351M), Composite diagnostic or laboratory reagents, nes ($316M), Apparatus based on the use of... ($245M), and Plastic articles nes ($223M).

Imports: In 2020, United States' Wisconsin imported $26.8B, making it the 21st largest importer out of the 53 importers in United States. In 2020 top imports of Wisconsin were Vaccines, human use ($2.23B), Commodities not specified according to kind ($804M), Tools: for working in the hand,... ($443M), Electro-diagnostic apparatus, nes ($320M), and Pullovers, cardigans etc of cotton, knit ($232M).

Economic Complexity: In 2019, the highest complexity exports of Wisconsin according to the product complexity index (PCI) are Photographic Film (1.96), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Iron Fasteners (1.81), and Blank Audio Media (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between Wisconsin'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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Depth

Top Destination (2020): Canada, $6.23B

Top Product (2020): Aircraft parts nes, $559M

In 2020 the top export destinations of Wisconsin were Canada ($6.23B), Mexico ($2.55B), China ($1.55B), Germany ($726M), and Japan ($686M).

In 2020 the top exports of Wisconsin were Aircraft parts nes ($559M), Outboard motors, spark-ignition ($351M), Composite diagnostic or laboratory reagents, nes ($316M), Apparatus based on the use of... ($245M), and Plastic articles nes ($223M).

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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Depth

Top Origin (2020): China, $5.55B

Top Import (2020): Vaccines, human use, $2.23B

In 2020 the top import origins of Wisconsin were China ($5.55B), Canada ($4.21B), Mexico ($2.71B), Belgium ($2.38B), and Germany ($1.87B).

In 2020 the top imports of Wisconsin were Vaccines, human use ($2.23B), Commodities not specified according to kind ($804M), Tools: for working in the hand,... ($443M), Electro-diagnostic apparatus, nes ($320M), and Pullovers, cardigans etc of cotton, knit ($232M).

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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Wisconsin ranks 13th 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 Wisconsin already has a comparative advantage, are led by Laboratory Glassware (0.39), Tensile Testing Machines (0.38), Central Heating Boilers (0.37), Combustion Engines (0.37), and Navigation Equipment (0.37).

Most Complex Products by PCI

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The highest complexity exports of Wisconsin according to the product complexity index (PCI) are Photographic Film (1.96), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Iron Fasteners (1.81), and Blank Audio Media (1.74). 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 Sand (85.5), Other Carbon Paper (49.6), Other Inedible Animal Products (39.4), Electrical Parts (33.4), and Work Trucks (33).

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