Missouri’s Top 10 Exports

Missouri state flag courtesy of FlagPictures.org

Missouri state flag

Nicknamed the “Show Me State” and “Cave State” located in America’s midwestern region, Missouri shipped US$14.2 billion worth of goods around the globe in 2017. That dollar amount represents a 1.7% uptick from 2016 to 2017 but a -0.1% slowdown since 2014.

Missouri is America’s 26th-biggest exporter by state behind front-runners Texas, California, Washington and New York state. The value of Missouri’s exports equals 0.9% of United States’ overall exported products for 2017.

Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), Missouri’s exported products represent 5.4% of the state’s total economic output or real Gross Domestic Product in 2016. The latter real dollar values were expressed in 2009 chained dollars, according to the BEA.

Given Missouri’s population of 6.114 million people, its total $14.2 billion in 2017 exports translates to roughly $2,300 for every resident in the Show Me State.

Missouri’s unemployment rate was 3.6% as of March 2018 per YCharts.

Missouri’s Top 10 Exports

Top 10

The following export products represent the highest dollar value in Missouri global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Missouri.

Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.

  1. Small gas-powered trucks: US$1.8 billion (12.4% of Missouri’s total exports)
  2. Aircraft including engines, parts: $796 million (5.6%)
  3. Motorcycles (large piston engine): $350 million (2.5%)
  4. Corn: $248 million (1.7%)
  5. Solid residues including soya bean oil-cake: $242 million (1.7%)
  6. Heterocyclics with unfused pyridine ring: $231 million (1.6%)
  7. Bombs, mines: $227 million (1.6%)
  8. Veterinary vaccines: $208 million (1.5%)
  9. Copper: $200 million (1.4%)
  10. Soya beans: $190 million (1.3%)

Missouri’s top 10 exports accounted for 31.3% of the overall value of the state’s global shipments.

Copper was the fastest-growing among the top 10 export categories, up by 207.7% from 2016.

In second place for improving export sales was heterocyclics with unfused pyridine ring which rose 79.1%.

Missouri’s shipments of bombs and mines posted the third-fastest gain in value up by 41%.

The leading decliner among Missouri’s top 10 export products was aircraft including parts such as engines which retreated -40.1% year over year.

More Key Facts

Overall, Missouri incurred a -$4.7 billion deficit exporting and importing products during 2017. That dollar amount reflects a 42.5% year-over-year increase from -$3.3 billion in red ink in 2016.

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 Missouri’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2017.

  1. Alloyed aluminum (unwrought): $853 million (4.5% of Missouri’s total imports)
  2. Crude petroleum oils: $737 million (3.9%)
  3. Miscellaneous medications: $425 million (2.3%)
  4. Malt beer: $378 million (2%)
  5. Electrical AC Motors: $312 million (1.7%)
  6. Semi-trailer truck tractors $278 million (1.5%)
  7. Large spark-ignition engines: $268 million (1.4%)
  8. Air conditioning parts: $229 million (1.2%)
  9. Seat parts: $219 million (1.2%)
  10. Unalloyed aluminum (unwrought): $208 million (1.1%)

Missouri has highly negative net exports in the international trade of unwrought alloyed aluminum and crude petroleum oils. In turn, these cashflows indicate Missouri’s competitive disadvantages under these product categories.

Partners

The following list shows the top 10 customers that purchase 80.6% worth of the total value of products exported from Missouri during 2017.

  1. Canada: $5.2 billion (36.4% of Missouri’s total exports)
  2. Mexico: $2.6 billion (18.1%)
  3. China: $926 million (6.5%)
  4. Belgium: $578 million (4.1%)
  5. Japan: $554 million (3.9%)
  6. Germany: $458 million (3.2%)
  7. United Kingdom: $335 million (2.4%)
  8. Australia: $302 million (2.1%)
  9. France: $284 million (2%)
  10. South Korea: $268 million (1.9%)

Missouri’s top trade partners in North America (Canada and Mexico) purchase (xx.x%) of the overall value of exported goods from the Show Me State.

Companies

Missouri Export Companies

Twenty-five of Missouri-based corporations rank among Fortune 1000 Companies in 2017, a list that showcases America’s largest businesses. Selected examples are listed below.

  • Arch Coal (coal)
  • Caleres (footwear)
  • Olin Corp (ammunition, chemicals, copper alloys)
  • Leggett & Platt (bedding, furniture, materials, auto seating)
  • Cerner Corp (health technology devices, hardware, services)
  • Peabody Energy Corp (coal)
  • O’Reilly Automotive (automotive parts, accessories)
  • Monsanto Co. (herbicides, pesticides, biotechnology)

Shown within brackets for each company is a summary of the international trade-related products or services which each business sells.



 
Missouri’s capital is Jefferson City, nicknamed “Jeff”.

See also America’s Top 20 Export States, United States Top 10 Exports and Top United States Trade Balances

Research Sources:
Department of Numbers, Missouri GDP (dollars shown in real terms). Accessed on May 6, 2018

FlagPictures.org, Flags of US States. Accessed on May 6, 2018

Forbes, 2016 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 6, 2018

GeoLounge, Fortune 1000 Companies List for 2016 , Fortune 1000 by State and Place. Accessed on May 6, 2018

International Trade Centre, Trade Map. Accessed on May 6, 2018

Investopedia, Net Exports Definition. Accessed on May 6, 2018

State Symbols USA, State Nicknames. Accessed on May 6, 2018

United States Census Bureau, QuickFacts: Missouri. Accessed on May 6, 2018

Wikipedia, Missouri. Accessed on May 6, 2018

Wikipedia, Category:Companies based in Missouri. Accessed on May 6, 2018

World’s Capital Cities, Capital Facts for Jefferson City, United States. Accessed on May 6, 2018

YCharts, Regional and State Employment and Unemployment Report. Accessed on May 6, 2018