Missouri’s biggest export in 2020 was small gas-powered trucks accounting for 14.6% of the state’s aggregated exports revenue. The state’s top 3 exports were small gas-powered trucks, soya beans and heterocyclics with unfused pyridine ring representing 18.7% of the total. Those commodities suggests a relatively diversified range of exported goods.
Missouri ranks among America’s 30 biggest exporters by state behind front-runners including Texas, California, New York and Louisiana. The value of Missouri’s exports equals 0.9% of United States’ overall exported products for 2020.
Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), Missouri’s exported products represent 4% of the state’s total economic output or real Gross Domestic Product ($321.7 billion in current dollars based on BEA statistics). That metric represents a decline from 4.2% one year earlier.
Given Missouri’s population of 6.155 million people, its total $12.8 billion in 2020 exports translates to roughly $2,100 for every resident in the Show Me State.
Missouri’s unemployment rate was 4.2% at February 2021, up from 3.6% one year earlier per YCharts.
Missouri’s Top 10 Exports
The following export products represent the highest dollar value in Missouri global shipments during 2020. 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$1.9 billion (14.6% of Missouri’s total exports)
- Soya beans: $308 million (2.4%)
- Heterocyclics with unfused pyridine ring: $216 million (1.7%)
- Lead ores, concentrates: $181 million (1.4%)
- Herbacides, anti-sprouting products: $180 million (1.4%)
- Pork cuts (fresh/chilled): $172 million (1.3%)
- Heterocyclics with nitrogen hetero-atoms: $168 million (1.3%)
- Solid residues including soya bean oil-cake: $167 million (1.3%)
- Corn: $160 million (1.3%)
- Pork cuts (frozen): $160 million (1.3%)
Missouri’s top 10 exports accounted for 28% of the overall value of the state’s global shipments.
Heterocyclics with nitrogen hetero-atoms represent the fastest grower among the top 10 export categories, up by 50% from 2019 to 2020. In second place for improving export sales were herbacides and anti-sprouting products thanks to its 47.5% appreciation. Missouri’s shipments of fresh or chilled pork chops posted the third-fastest gain in value up by 30.3%.
The sole decliner among Missouri’s top 10 export products were lead ores and concentrates via a -0.5% drop year over year.
More Key Facts
Overall, Missouri incurred a -$6 billion deficit exporting and importing products during 2020. That dollar amount reflects a -16% year-over-year decrease from -$7.1 billion in red ink in 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 Missouri’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020.
- Crude petroleum oils: $1.9 billion (10.3% of Missouri’s total imports)
- Single-phase AC electric motors: $337 million (1.8%)
- Malt beer: $318 million (1.7%)
- Miscellaneous medications: $300 million (1.6%)
- Semi-trailer truck tractors $283 million (1.5%)
- Large spark-ignition engines: $240 million (1.3%)
- Large aircraft: $230 million (1.2%)
- Parts for air or vacuum pumps, air compressors: $210 million (1.1%)
- Motor vehicle body parts, accessories: $201 million (1.1%)
- Miscellaneous motors, small generators: $164 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 almost four-fifths (78.2%) worth of the total value of products exported from Missouri during 2020.
- Canada: $4.5 billion (34.9% of Missouri’s total exports)
- Mexico: $2.2 billion (17%)
- China: $680 million (5.3%)
- Germany: $539 million (4.2%)
- South Korea: $474 million (3.7%)
- Japan: $469 million (3.7%)
- France: $322 million (2.5%)
- United Kingdom: $313 million (2.5%)
- Brazil: $292 million (2.3%)
- Netherlands: $273 million (2.1%)
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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