Missouri | The Observatory of Economic Complexity

Missouri

State in United States

2023
Economic
Complexity 0.31Rank 27 of 52

Jan 2024
Trade
Exports | Imports $1.32B | $2.46B31 of 54 | 25 of 54

Jan 2024
Country
Destination | Origin Canada | China $370M | $410M

Image 1

Image by Luca Sartoni
Link: https://flic.kr/p/8s5EMX

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Missouri. In January 2024 Missouri was the number 28 in total exports and the number 25 in total imports in United States.

Exports In 2023, United States' Missouri exported $16.1B, making it the 28th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Missouri were Spark ignition Trucks < 5... ($2.86B), Soya beans: other than seed, whether... ($631M), Bituminous coal, not agglomerated ($487M), Maize except seed corn ($373M), and Heterocyclic compounds: n.e.c. in headings no.... ($291M).

Imports In 2023, United States' Missouri imported $28B, making it the 25th largest importer out of the 53 importers in United States. In 2023 top imports of Missouri were Aircraft parts (excl. propellers/rotors, undercarriages) ($2.1B), Commodities not specified according to kind ($1.58B), Turbo-jet engines of a thrust >... ($555M), Petroleum oils, oils from bituminous minerals,... ($479M), and AC motors, single-phase, nes ($426M).

Economic Complexity In 2023, the highest complexity exports of Missouri according to the product complexity index (PCI) are Photographic Chemicals (2.17), Disc Chemicals for Electronics (2.04), Other Organo-Inorganic Compounds (1.77), Hand Saws (1.72), Lubricating Products (1.68), Metal Finishing Machines (1.64), Fork-Lifts (1.63), Chemical Analysis Instruments (1.63), Nucleic Acids (1.57), and Cutting Blades (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Missouri exported $1.32B and imported $2.46B, resulting in a negative trade balance of $1.14B. Between January 2023 and January 2024 the exports of Missouri have increased by $13.1M (1%) from $1.3B to $1.32B, while imports increased by $380M (18.2%) from $2.08B to $2.46B.

Trade In January 2024, the top exports of Missouri were Coal Briquettes ($51.6M), Delivery Trucks ($51.4M), Cars ($48M), Pesticides ($47.4M), and Nitrogen Heterocyclic Compounds ($45M). In January 2024 the top imports of Missouri were Aircraft parts including unmanned craft ($348M), Commodities not elsewhere specified ($158M), Motor vehicles; parts and accessories (8701... ($87.4M), Gas Turbines ($82.5M), and Electric Motors ($65.4M).

Destinations In January 2024, Missouri exported mostly to Canada ($370M), Mexico ($333M), Germany ($68.7M), China ($66.7M), and Japan ($42.1M), and imported mostly from China ($410M), Mexico ($376M), Canada ($336M), United Kingdom ($170M), and Japan ($156M).

Growth In January 2024, the increase in Missouri's year-by-year exports was explained primarily by an increase in exports to Canada ($59.8M or 17.4%), Mexico ($51.7M or 21.8%), and Norway ($33.3M or 4.49k%), and product exports increase in Delivery Trucks ($48.7M or 47.1%), Soybean Meal ($25.3M or 248%), and Corn ($15.9M or 93.1%). In January 2024, the increase in Missouri's year-by-year imports was explained primarily by an increase in imports from Mexico ($82.2M or 24.5%), Germany ($77.1M or 45.1%), and Portugal ($19.5M or 732%), and product imports increase in Motor vehicles; parts and accessories (8701... ($24.1M or 35%), Vaccines, blood, antisera, toxins and cultures ($20.5M or 425%), and Tractors ($15.8M or 58.9%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)$13.1M(1%)

IMPORT GROWTH (January 2023 - January 2024)$380M(18.2%)

This section shows exports and imports data at subnational level for Missouri. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Missouri over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Canada$6.52B

Top Product (2023)Spark ignition Trucks < 5...$2.86B

In 2023 the top export destinations of Missouri were Canada ($6.52B), Mexico ($3.87B), Germany ($734M), China ($598M), and Brazil ($482M).

In 2023 the top exports of Missouri were Spark ignition Trucks < 5... ($2.86B), Soya beans: other than seed, whether... ($631M), Bituminous coal, not agglomerated ($487M), Maize except seed corn ($373M), and Heterocyclic compounds: n.e.c. in headings no.... ($291M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Mexico $44.2M (15.3%)

India $21.4M (181%)

Israel $17.8M (228%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Canada -$34.4M (-8.51%)

Norway -$33.5M (-98.3%)

Ireland -$20.9M (-83.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Mexico$4.86B

Top Import (2023)Aircraft parts (excl. propellers/rotors, undercarriages)$2.1B

In 2023 the top import origins of Missouri were Mexico ($4.86B), Canada ($4.31B), China ($4.19B), Germany ($2.12B), and United Kingdom ($1.35B).

In 2023 the top imports of Missouri were Aircraft parts (excl. propellers/rotors, undercarriages) ($2.1B), Commodities not specified according to kind ($1.58B), Turbo-jet engines of a thrust >... ($555M), Petroleum oils, oils from bituminous minerals,... ($479M), and AC motors, single-phase, nes ($426M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

United Kingdom $148M (670%)

Japan $131M (508%)

China $67.3M (19.7%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Germany -$144M (-58.1%)

Canada -$75.9M (-18.5%)

Mexico -$41.8M (-10%)

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Economic Complexity

Economic Complexity of Missouri

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Geomap

Treemap

Economic Complexity (2023)0.31

Missouri ranks 27th 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 Missouri already has a comparative advantage, are led by Nickel Bars (0.31), Non-optical Microscopes (0.31), Additive manufacturing machines (0.31), Orthopedic Appliances (0.31), and Tensile Testing Machines (0.31).

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Most Complex Products by PCI

The highest complexity exports of Missouri according to the product complexity index (PCI) are Photographic Chemicals (2.17), Disc Chemicals for Electronics (2.04), Other Organo-Inorganic Compounds (1.77), Hand Saws (1.72), Lubricating Products (1.68), Metal Finishing Machines (1.64), Fork-Lifts (1.63), Chemical Analysis Instruments (1.63), Nucleic Acids (1.57), and Cutting Blades (1.53). 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 Wood Barrels (61.62), Explosive Ammunition (37.18), Delivery Trucks (26.34), Traffic Signals (17.96), and Other Stone Articles (17.72).

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Product Space

RCA Filter

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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.