Mississippi ranks among America’s 30 biggest exporters by state behind front-runners including Texas, California, New York and Washington states. The value of Mississippi’s exports equals 0.7% of United States’ overall exported products for 2020.
Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), Mississippi’s exported products represent 9% of the state’s total economic output or real Gross Domestic Product in 2020 ($114.2 billion in current dollars based on BEA statistics).
Given Mississippi’s population of 2.979 million people, its total $10.3 billion in 2020 exports translates to roughly $3,400 for every resident in the Magnolia State.
Mississippi’s unemployment rate was 6.3% at February 2021, up from 5.8% one year earlier per YCharts.
Mississippi’s Top 10 Exports
The following export products represent the highest dollar value in Mississippi global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Mississippi.
Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.
- Miscellaneous petroleum oils: US$1.7 billion (16.7% of Mississippi’s total exports)
- Cotton (uncarded, uncombed): $1.2 billion (11.6%)
- Pigments, titanium dioxide preparations: $544 million (5.3%)
- Medical/dental/veterinarian instruments: $530 million (5.2%)
- Light petroleum oils: $506 million (4.9%)
- Chemical woodpulp (coniferous): $409 million (4%)
- Mid-sized automobiles (piston engine): $331 million (3.2%)
- Natural gas (liquid): $308 million (3%)
- Modems, similar reception/transmission devices: $197 million (1.9%)
- Large automobiles (piston engine): $164 million (1.6%)
Mississippi’s top 10 exports accounted for over half (57.4%) of the overall value of the state’s global shipments.
Three among these major product categories increased from 2019 to 2020 namely uncarded and uncombed cotton (up 55.6%), liquid natural gas (up 4.8%) then pigments and titanium dioxide preparations (up 0.4%).
Leading the decliners among Mississippi’s top 10 export products year over year were large automobiles with piston engine (down -47.3%), mid-sized automobiles with piston engine (down -41%) and light petroleum oils (down -39.5%).
More Key Facts
Mississippi incurred an overall -$5.5 billion deficit exporting and importing products during 2020. That dollar amount reflects a 7.8% year-over-year increase from -$5.1 billion in red ink for 2019.
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 Mississippi’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020.
- Miscellaneous petroleum oils: $963 million (6.1% of Mississippi’s total imports)
- Crude petroleum oils: $757 million (4.8%)
- Artificial joints, parts and accessories: $584 million (3.7%)
- Hand tools with electric motors: $413 million (2.6%)
- Motor vehicle transmissions: $371 million (2.3%)
- Modems, similar reception/transmission devices: $344 million (2.2%)
- Pig iron (non-alloyed): $324 million (2.1%)
- Seat parts: $318 million (2%)
- Medial needles, catheters: $291 million (1.8%)
- Opacifying preparations for x-rays exams: $267 million (1.7%)
Mississippi has highly negative net exports in the international trade of petroleum oils. In turn, these cashflows indicate Mississippi’s competitive advantages under related product categories.
The following list shows the top 10 customers that purchased roughly two-thirds (65.4%) worth of the total value of products exported from Mississippi during 2020.
- Canada: $2.1 billion (20.3% of Mississippi’s total exports)
- Mexico: $1.2 billion (11.9%)
- China: $749 million (7.3%)
- Panama: $533 million (5.2%)
- Belgium: $402 million (3.9%)
- Netherlands: $397 million (3.9%)
- Honduras: $360 million (3.5%)
- Brazil: $343 million (3.3%)
- Guatemala: $319 million (3.1%)
- Japan: $305 million (3%)
Mississippi’s top trade partners in North America (Canada and Mexico) purchased almost one-third (32.2%) of the overall value of exported goods from the Magnolia State.
Mississippi Export Companies
Just one Mississippi-based corporation ranks among Fortune 1000 Companies, a list that showcases America’s largest businesses.
Headquartered in Laurel, Mississippi is a poultry industry behemoth named Sanderson Farms.
Among America’s three biggest poultry producers, Sanderson Farms’ products are also international trade-related products.
Mississippi’s capital is Jackson, a city officially called the City of Jackson and nicknamed “Crossroads of the South”.
See also America’s Top 20 Export States, United States Top 10 Exports and Top United States Trade Balances
Department of Numbers, Mississippi GDP (dollars shown in real terms). Accessed on April 6, 2021
FlagPictures.org, Flags of US States. Accessed on April 6, 2021
Forbes, 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 6, 2021
GeoLounge, Fortune 1000 Companies List for 2017 , Fortune 1000 by State and Place. Accessed on April 6, 2021
International Trade Centre, Trade Map. Accessed on April 6, 2021
Investopedia, Net Exports Definition. Accessed on April 6, 2021
State Symbols USA, State Nicknames. Accessed on April 6, 2021
United States Census Bureau, Foreign Trade (State by 6-Digit HS Code). Accessed on April 6, 2021
United States Census Bureau, QuickFacts: Mississippi. Accessed on April 6, 2021
Wikipedia, List of Mississippi Companies. Accessed on April 6, 2021
Wikipedia, List of U.S. states and territories by GDP. Accessed on April 6, 2021
Wikipedia, Mississippi. Accessed on April 6, 2021
World’s Capital Cities, Capital Facts for Jackson, United States. Accessed on April 6, 2021
YCharts, Regional and State Employment and Unemployment Report. Accessed on April 6, 2021