Nicknamed “The Copper State” and “The Grand Canyon State” located in America’s southwestern region, Arizona shipped US$24.7 billion worth of goods around the globe in 2019. That dollar amount reflects a 9.7% uptick from 2018 to 2019 and a 12.2% increase since 2016.
Arizona ranks among America’s 25 biggest exporters by state behind front-runners including Texas, California, New York and Washington states. The value of Arizona’s exports equals 1.5% of United States’ overall exported products for 2019.
Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), Arizona’s exported products represent 6.7% of the state’s total economic output or real Gross Domestic Product in 2019 ($366.2 billion in current dollars based on BEA statistics).
Given Arizona’s population of 7.279 million people, its total $24.7 billion in 2019 exports translates to roughly $3,400 for every resident in the Grand Canyon State.
Arizona’s unemployment rate was 4.5% at February 2020 down from 4.9% as of March 2019, per YCharts.
Arizona’s Top 10 Exports
The following export products represent the highest dollar value in Arizona global shipments during 2019. Also shown is the percentage share each export category represents in terms of overall exports from Arizona.
Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.
- Aircraft including engines, parts: US$2.7 billion (10.9% of Arizona’s total exports)
- Copper ores, concentrates: $1.6 billion (6.6%)
- Bombs, mines: $928 million (3.8%)
- Integrated circuits (excluding processors/controllers): $876 million (3.5%)
- Integrated circuits (processors/controllers): $846 million (3.4%)
- Large helicopters: $630 million (2.6%)
- Modems, similar reception/transmission devices: $590 million (2.4%)
- Office machine parts and accessories: $489 million (2%)
- Semiconductor devices excluding photovoltaic cells: $406 million (1.6%)
- Electric plugs, sockets: $332 million (1.3%)
Arizona’s top 10 exports accounted for 38.1% of the overall value of the state’s global shipments.
Copper ores and concentrates was the fastest grower among the top 10 export categories, up by 59.1% from 2018 to 2019. In second place for improving export sales were bombs and mines via a 48% improvement. Arizona’s shipments of modems and similar reception/transmission devices posted the third-fastest gain in value up by 17.8%.
The leading decliner among Arizona top 10 export products was the electric plugs and sockets category which retreated -19.2% year over year.
More Key Facts
Overall, Arizona slipped into a -$1.9 million deficit exporting and importing products during 2019. That dollar amount reflects a year-over-year reversal from $64,000 in black ink for 2018.
Another way of saying surplus or deficit is positive or negative net exports. In a nutshell, the term “net exports” quantifies the amount by which foreign spending on a state’s goods or services exceeds or lags that same state’s spending on foreign goods or services.
Below are Arizona’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2019.
- Machinery for making semi-conductors: $2.4 billion (8.9% of Arizona’s total imports)
- Modems, similar reception/transmission devices: $757 million (2.9%)
- Tomatoes (fresh/chilled): $564 million (2.1%)
- Integrated circuits (excluding processors/controllers): $551 million (2.1%)
- Integrated circuits (processors/controllers): $506 million (1.9%)
- Peppers (fresh/chilled): $506 million (1.9%)
- Wirings (vehicle, aircraft): $445 million (1.7%)
- Solar power semi-conductors, photovoltaic cells: $365 million (1.4%)
- Electrical machines parts: $364 million (1.4%)
- Electrical boards and panels: $334 million (1.3%)
Arizona has highly negative net exports in the international trade of machinery for making semi-conductors, tomatoes and peppers. In turn, these cashflows indicate Arizona’s competitive advantages under these product categories.
The following list shows the top 10 customers that purchased roughly two-thirds (67.7%) worth of the total value of products exported from Arizona during 2019.
- Mexico $8.2 billion (33.2% of Arizona’s total exports)
- Canada $2.1 billion (8.7%)
- China $1.1 billion (4.4%)
- United Kingdom $831 million (3.4%)
- India $816 million (3.3%)
- Netherlands $783 million (3.2%)
- Japan $772 million (3.1%)
- Germany $733 million (3%)
- France $682 million (2.8%)
- United Arab Emirates $634 million (2.6%)
Arizona’s top trade partners in North America (Canada and Mexico) purchased 41.9% of the overall value of exported goods from the Copper State.
Arizona Export Companies
Seventeen of Arizona-based corporations rank among Fortune 1000 Companies, a list that showcases America’s largest businesses. Selected examples are listed below.
- Microchip Technology (semiconductors)
- Amkor Technology (semiconductor packaging, testing)
- ON Semiconductor (semiconductors, custom devices)
- First Solar (solar panels, power plants)
- Swift Transportation (truckload shipping carrier)
- Insight Enterprises (global technologies)
- Freeport-McMoRan (copper, gold, petroleum)
- Avnet (electronic components)
Shown within brackets for each company is a summary of the international trade-related products or services which each business sells.
Arizona’s capital is Phoenix, a city nicknamed “Valley of the Sun” or simply “The Valley”.
See also America’s Top 20 Export States, United States Top 10 Exports and Top United States Trade Balances
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FlagPictures.org, Flags of US States. Accessed on April 7, 2020
Forbes, Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 7, 2020
GeoLounge, Fortune 1000 Companies List for 2016 , Fortune 1000 by State and Place. Accessed on April 7, 2020
International Trade Centre, Trade Map. Accessed on April 7, 2020
Investopedia, Net Exports Definition. Accessed on April 7, 2020
United States Census Bureau, Foreign Trade (State by 6-Digit HS Code). Accessed on April 7, 2020
United States Census Bureau, QuickFacts: Arizona. Accessed on April 7, 2020
Wikipedia, Arizona. Accessed on April 7, 2020
Wikipedia, List of Arizona Companies. Accessed on April 7, 2020
Wikipedia, List of U.S. states and territories by GDP. Accessed on April 7, 2020
World’s Capital Cities, Capital Facts for Phoenix, United States. Accessed on April 7, 2020
YCharts, Regional and State Employment and Unemployment Report. Accessed on April 7, 2020