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Overview This page contains the latest international trade data for Milwaukee, WI. In December 2023 Milwaukee, WI was the number 41 in total exports and the number 41 in total imports in United States.

Exports In 2023, United States' Milwaukee, Wi exported $342M, making it the 41st largest exporter out of the 43 exporters in United States. In 2023 the top exports of Milwaukee, Wi were Other Aircraft parts ($743M), Commodities not specified according to kind ($19.9M), Petroleum spirit for motor vehicles ($14.4M), Cellular vinyl chloride polymers sheets ($4.06M), and Soya-bean oil-cake and other solid residues ($3.99M).

Imports In 2023, United States' Milwaukee, Wi imported $2.83B, making it the 41st largest importer out of the 43 importers in United States. In 2023 top imports of Milwaukee, Wi were Human vaccines and similar products ($242M), Flat rolled iron or non-alloy steel,... ($216M), Petroleum spirit for motor vehicles ($109M), Commodities not specified according to kind ($81.1M), and Light petroleum distillates nes ($54.8M).

Economic Complexity In 2023, the highest complexity exports of Milwaukee, Wi according to the product complexity index (PCI) are X-Ray Equipment (1.5), Metal Molds (1.45), Other Heating Machinery (1.24), Bi-Wheel Vehicle Parts (1.01), Other Plastic Sheetings (0.6), Aircraft Parts (0.52), Starch Residue (-0.041), Metal Signs (-0.18), Buttons (-0.22), and Leather of Other Animals (-0.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Switzerland$186M
Top Product (2023)Other Aircraft parts $743M

In 2023 the top export destinations of Milwaukee, Wi were Switzerland ($186M), United Kingdom ($104M), Czechia ($104M), Mexico ($79.2M), and Saudi Arabia ($62.8M).

In 2023 the top exports of Milwaukee, Wi were Other Aircraft parts ($743M), Commodities not specified according to kind ($19.9M), Petroleum spirit for motor vehicles ($14.4M), Cellular vinyl chloride polymers sheets ($4.06M), and Soya-bean oil-cake and other solid residues ($3.99M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Saudi Arabia $62.4M (1.08M%)
Czechia $60M (0%)
Mexico $6.39M (512%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Germany -$62.7M (-99.9%)
United Kingdom -$5.54M (-96.9%)
Philippines -$136k (-100%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$231M

In 2023 the top import origins of Milwaukee, Wi were Canada ($231M), Ireland ($180M), Netherlands ($175M), China ($139M), and Germany ($133M).

In 2023 the top imports of Milwaukee, Wi were Human vaccines and similar products ($242M), Flat rolled iron or non-alloy steel,... ($216M), Petroleum spirit for motor vehicles ($109M), Commodities not specified according to kind ($81.1M), and Light petroleum distillates nes ($54.8M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Ireland $59.7M (6.29k%)
Singapore $367k (2.05k%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Canada -$30.1M (-87.8%)
Belgium -$28.1M (-97%)
Italy -$18.1M (-75.8%)

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Economic Complexity

Economic Complexity of Milwaukee, Wi

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Economic Complexity (2023)0.37

Milwaukee, Wi ranks 16th out of the 43 districts 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 Milwaukee, Wi already has a comparative advantage, are led by Oscilloscopes (0.015), Photo Lab Equipment (0.015), Iron Fasteners (0.015), Compasses (0.015), and Electric Soldering Equipment (0.015).

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Most Complex Products by PCI

The highest complexity exports of Milwaukee, Wi according to the product complexity index (PCI) are X-Ray Equipment (1.5), Metal Molds (1.45), Other Heating Machinery (1.24), Bi-Wheel Vehicle Parts (1.01), Other Plastic Sheetings (0.6), Aircraft Parts (0.52), Starch Residue (-0.041), Metal Signs (-0.18), Buttons (-0.22), and Leather of Other Animals (-0.63). 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 Aircraft Parts (287.96), Leather of Other Animals (13.78), Starch Residue (7.39), Other Plastic Sheetings (3.83), and Soybean Meal (3.28).

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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 Milwaukee, Wi 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  Milwaukee, Wi. These are products that tend to be co-exported with the products that Milwaukee, Wi 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
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. Bubble size corresponds to exports value by year 2020.

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