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Overview This page contains the latest international trade data for Minneapolis, MN. In December 2023 Minneapolis, MN was the number 39 in total exports and the number 30 in total imports in United States.

Exports In 2023, United States' Minneapolis, Mn exported $1.8B, making it the 39th largest exporter out of the 43 exporters in United States. In 2023 the top exports of Minneapolis, Mn were Communication apparatus (excluding telephone sets or... ($318M), Iron ore, concentrate, not iron pyrites,... ($156M), Other Aircraft parts ($121M), Cereals: wheat and meslin, durum wheat,... ($100M), and Other diagnostic reagents ($95.8M).

Imports In 2023, United States' Minneapolis, Mn imported $22.9B, making it the 30th largest importer out of the 43 importers in United States. In 2023 top imports of Minneapolis, Mn were Petroleum oils, oils from bituminous minerals,... ($7.82B), Fixed wing aircraft, unladen weight >... ($1.4B), Commodities not specified according to kind ($398M), Heterocyclic compounds with unfused pyrazole ring,... ($334M), and Instruments, appliances for medical, etc science,... ($303M).

Economic Complexity In 2023, the highest complexity exports of Minneapolis, Mn according to the product complexity index (PCI) are Photographic Film (2.06), Other Esters (2.03), Blank Audio Media (1.91), Oscilloscopes (1.81), Interchangeable Tool Parts (1.76), Rolling Machines (1.71), Drafting Tools (1.63), Chemical Analysis Instruments (1.63), Wrenches (1.61), and Other Measuring Instruments (1.59). 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)Canada$604M

In 2023 the top export destinations of Minneapolis, Mn were Canada ($604M), Netherlands ($460M), Germany ($114M), Belgium ($100M), and Italy ($98.4M).

In 2023 the top exports of Minneapolis, Mn were Communication apparatus (excluding telephone sets or... ($318M), Iron ore, concentrate, not iron pyrites,... ($156M), Other Aircraft parts ($121M), Cereals: wheat and meslin, durum wheat,... ($100M), and Other diagnostic reagents ($95.8M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Netherlands $44.6M (406%)
Algeria $34.9M (0%)
Spain $9.64M (9.43k%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Canada -$14.9M (-21.8%)
Italy -$7.66M (-38.1%)
Slovenia -$4M (-100%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$8.11B

In 2023 the top import origins of Minneapolis, Mn were Canada ($8.11B), China ($2.89B), Germany ($1.58B), Costa Rica ($1.13B), and France ($775M).

In 2023 the top imports of Minneapolis, Mn were Petroleum oils, oils from bituminous minerals,... ($7.82B), Fixed wing aircraft, unladen weight >... ($1.4B), Commodities not specified according to kind ($398M), Heterocyclic compounds with unfused pyrazole ring,... ($334M), and Instruments, appliances for medical, etc science,... ($303M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Canada $82.1M (13.6%)
Vietnam $18.8M (101%)
Japan $15.3M (37.6%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Germany -$275M (-82.5%)
France -$123M (-38.5%)
Switzerland -$49M (-71.1%)

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Economic Complexity

Economic Complexity of Minneapolis, Mn

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Economic Complexity (2023)0.64

Minneapolis, Mn ranks 7th 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 Minneapolis, Mn already has a comparative advantage, are led by Non-optical Microscopes (0.16), Other Nickel Products (0.16), Gas Turbines (0.16), Precious Metal Compounds (0.15), and X-Ray Equipment (0.15).

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Most Complex Products by PCI

The highest complexity exports of Minneapolis, Mn according to the product complexity index (PCI) are Photographic Film (2.06), Other Esters (2.03), Blank Audio Media (1.91), Oscilloscopes (1.81), Interchangeable Tool Parts (1.76), Rolling Machines (1.71), Drafting Tools (1.63), Chemical Analysis Instruments (1.63), Wrenches (1.61), and Other Measuring Instruments (1.59). 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 Coin (328.95), Starch Residue (51.19), Other Animals (36.61), Metal Signs (32.22), and Laboratory Reagents (31.58).

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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 Minneapolis, Mn 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  Minneapolis, Mn. These are products that tend to be co-exported with the products that Minneapolis, Mn 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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