Nicknamed the “Show Me State” and “Cave State” located in America’s midwestern region, Missouri shipped US$13.4 billion worth of goods around the globe in 2019. That dollar amount represents a -7.8% dip from 2018 to 2019 and a -3.8% decrease since 2016.
Missouri ranks among America’s 30 biggest exporters by state behind front-runners including Texas, California, New York and Washington states. The value of Missouri’s exports equals 0.8% of United States’ overall exported products for 2019.
Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), Missouri’s exported products represent 4.2% of the state’s total economic output or real Gross Domestic Product ($318.9 billion in current dollars based on BEA statistics in 2018).
Given Missouri’s population of 6.137 million people, its total $13.4 billion in 2019 exports translates to roughly $2,200 for every resident in the Show Me State.
Missouri’s unemployment rate was 3.5% at February 2020 down from 3.6% as of March 2019, per YCharts.
Missouri’s Top 10 Exports
The following export products represent the highest dollar value in Missouri global shipments during 2019. 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.
- Small gas-powered trucks: US$1.8 billion (13.7% of Missouri’s total exports)
- Aircraft including engines, parts: $356 million (2.7%)
- Soya beans: $243 million (1.8%)
- Miscellaneous medications: $183 million (1.4%)
- Lead ores, concentrates: $182 million (1.4%)
- Heterocyclics with unfused pyridine ring: $180 million (1.3%)
- Refined copper: $163 million (1.2%)
- Miscellaneous food preparations: $161 million (1.2%)
- Miscellaneous chemical products, preparations: $147 million (1.1%)
- Pork cuts (frozen): $142 million (1.1%)
Missouri’s top 10 exports accounted for 26.9% of the overall value of the state’s global shipments.
Soya beans was the fastest grower among the top 10 export categories, up by 62% from 2018 to 2019. In second place for improving export sales were miscellaneous chemical products and preparations thanks to its 58.1% appreciation. Missouri’s shipments of heterocyclics with unfused pyridine ring posted the third-fastest gain in value up by 33.3%.
The leading decliner among Missouri’s top 10 export products were aircraft including engines and other parts via a -54.2% drop year over year.
More Key Facts
Overall, Missouri incurred a -$7.2 billion deficit exporting and importing products during 2019. That dollar amount reflects a 17.4% year-over-year increase from -$6.1 billion in red ink in 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 Missouri’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2019.
- Crude petroleum oils: $3.1 billion (15.2% of Missouri’s total imports)
- Miscellaneous medications: $402 million (2%)
- Malt beer: $350 million (1.7%)
- Single-phase AC electric motors: $341 million (1.7%)
- Large spark-ignition engines: $332 million (1.6%)
- Semi-trailer truck tractors $317 million (1.5%)
- Air or gas pumps, compressors, fans: $254 million (1.2%)
- Motor vehicle body parts, accessories: $245 million (1.2%)
- Seat parts: $195 million (1%)
- Air conditioner parts: $190 million (0.9%)
Missouri has highly negative net exports in the international trade of crude petroleum oils and medications. In turn, these cashflows indicate Missouri’s competitive disadvantages under these product categories.
The following list shows the top 10 customers that bought four-fifths (78%) worth of the total value of products exported from Missouri during 2019.
- Canada: $4.9 billion (36.7% of Missouri’s total exports)
- Mexico: $2.3 billion (17.2%)
- China: $598 million (4.5%)
- Japan: $477 million (3.6%)
- Germany: $476 million (3.6%)
- South Korea: $428 million (3.2%)
- Belgium: $345 million (2.6%)
- United Kingdom: $331 million (2.5%)
- France: $293 million (2.2%)
- Brazil: $249 million (1.9%)
Missouri’s top trade partners in North America (Canada and Mexico) purchased 53.9% of the overall value of exported goods from the Show Me State.
Missouri Export Companies
Twenty-five of Missouri-based corporations rank among Fortune 1000 Companies, 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
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