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Overview This page contains the latest international trade data for Montana. In December 2023 Montana was the number 49 in total exports and the number 39 in total imports in United States.

Exports In 2023, United States' Montana exported $1.95B, making it the 49th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Montana were Biodiesel and mixtures thereof ($167M), Coal except anthracite or bituminous, not... ($149M), Copper ores and concentrates ($138M), Copper oxides and hydroxides ($135M), and Other Aircraft parts ($120M).

Imports In 2023, United States' Montana imported $8.42B, making it the 39th largest importer out of the 53 importers in United States. In 2023 top imports of Montana were Petroleum oils, oils from bituminous minerals,... ($4.86B), Commodities not specified according to kind ($499M), Vegetable oils: low erucic acid rape... ($149M), Natural gas in gaseous state ($100M), and Urea, including aqueous solution in packs... ($94.1M).

Economic Complexity In 2023, the highest complexity exports of Montana according to the product complexity index (PCI) are Silicone (1.74), Hydrides and other anions (1.55), Musical Instrument Parts (1.37), Laboratory Reagents (1.31), Micro-Organism Culture Preparations (1.28), Other Non-Metal Removal Machinery (1.24), LCDs (1.17), Harvesting Machinery (0.87), Trailers and semi-trailers, not mechanically propelled... (0.83), and Electric Musical Instruments (0.77). 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$1.01B
Top Product (2023)Biodiesel and mixtures thereof$167M

In 2023 the top export destinations of Montana were Canada ($1.01B), South Korea ($189M), Japan ($130M), China ($112M), and Belgium ($71.3M).

In 2023 the top exports of Montana were Biodiesel and mixtures thereof ($167M), Coal except anthracite or bituminous, not... ($149M), Copper ores and concentrates ($138M), Copper oxides and hydroxides ($135M), and Other Aircraft parts ($120M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Brazil $32.9M (15.1k%)
South Korea $9.8M (161%)
Japan $9.63M (230%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Netherlands -$18.5M (-87%)
Canada -$5M (-6.46%)
Mexico -$3.72M (-50.4%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$6.83B

In 2023 the top import origins of Montana were Canada ($6.83B), Mexico ($111M), China ($85.3M), Germany ($69.7M), and Italy ($57.3M).

In 2023 the top imports of Montana were Petroleum oils, oils from bituminous minerals,... ($4.86B), Commodities not specified according to kind ($499M), Vegetable oils: low erucic acid rape... ($149M), Natural gas in gaseous state ($100M), and Urea, including aqueous solution in packs... ($94.1M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Canada $26.9M (4.74%)
Germany $11.9M (524%)
Japan $4.54M (310%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
United Kingdom -$2.88M (-78.5%)
Italy -$2.44M (-51.1%)
Vietnam -$2.13M (-79.5%)

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Economic Complexity

Economic Complexity of Montana

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Economic Complexity (2023)-0.0014

Montana ranks 47th 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 Montana already has a comparative advantage, are led by Sorghum (0.14), Prints (0.12), Oats (0.12), Sunflower Seeds (0.12), and Rough Wood (0.12).

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Most Complex Products by PCI

The highest complexity exports of Montana according to the product complexity index (PCI) are Silicone (1.74), Hydrides and other anions (1.55), Musical Instrument Parts (1.37), Laboratory Reagents (1.31), Micro-Organism Culture Preparations (1.28), Other Non-Metal Removal Machinery (1.24), LCDs (1.17), Harvesting Machinery (0.87), Trailers and semi-trailers, not mechanically propelled... (0.83), and Electric Musical Instruments (0.77). 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 Hydrides and other anions (639.57), Soapstone (290.81), String Instruments (187.66), Inorganic Salts (177.51), and Dried Legumes (120.74).

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