The following export products represent the highest dollar value in Nevada global shipments during 2020. Also shown is the percentage share each export category represents in terms of overall exports from Nevada.

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

1. Gold (unwrought): US$2.5 billion (24.4% of Nevada’s total exports)
2. Integrated circuits (processors/controllers): $947 million (9.2%)
3. Computer parts and accessories: $768 million (7.4%)
4. Copper ores, concentrates: $573 million (5.5%)
5. Solid-state semiconductor storage devices: $462 million (4.5%)
6. Integrated circuits (excluding processors/controllers): $380 million (3.7%)
7. Miscellaneous coins: $329 million (3.2%)
8. Multi-phase AC motors: $316 million (3.1%)
9. Lithium ion batteries: $256 million (2.5%)
10. Games operated by token/coin/credit card: $187 million (1.8%)

Nevada’s top 10 exports represent roughly two-thirds (65.3%) of the overall value of the state’s global shipments.

Multi-phase alternating current (AC) motors was the fastest grower among the top 10 export categories, up by 1,480% from 2019 to 2020. In second place for improving export sales were solid-state semiconductor storage devices which rose 402.2%. Nevada’s shipments of processors and controllers for integrated circuits posted the third-fastest gain in value up by 240.6%, ahead of computer parts and accessories (up 197.7%).

There were 3 decliners year over year namely games operated by token, coin or credit card (down -66.1%), integrated electronic circuits other than processors and controllers (down -17.7%) and Nevada’s unrefined gold (down -6.1%).

Overall, Nevada incurred a -$2.6 billion deficit exporting and importing products during 2020. That dollar amount reflects a 29.4% year-over-year increase from -$2 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 Nevada’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020.

1. Integrated circuits (processors/controllers): $1.2 billion (9% of Nevada’s total imports)
2. Games operated by token/coin/credit card: $981 million (7.6%)
3. Integrated circuits (excluding processors/controllers): $576 million (4.5%)
4. Parts of electric storage batteries: $300 million (2.3%)
5. Solid-state semiconductor storage devices: $280 million (2.2%)
6. Computer data storage units: $276 million (2.1%)
7. Small portable digital computers: $274 million (2.1%)
8. Large aircraft: $250 million (1.9%)
9. Hormones, prostaglandins: $249 million (1.9%)
10. Cell phone equipment parts: $207 million (1.6%)

Nevada has negative net exports in the international trade of electronic circuits, electric storage battery parts and large aircraft. In turn, these cashflows indicate Nevada’s competitive disadvantages under these product categories.

The following list shows the top 10 customers that purchased four-fifths (80.3%) worth of the total value of products exported from Nevada during 2020.

1. Switzerland: $2.3 billion (21.8% of Nevada’s total exports)
2. Mexico: $1.6 billion (15.9%)
3. China: $1.4 billion (13.7%)
4. Canada: $1.3 billion (12.1%)
5. Germany: $351 million (3.4%)
6. India: $332 million (3.2%)
7. Netherlands: $284 million (2.7%)
8. Hungary: $280 million (2.7%)
9. Hong Kong: $272 million (2.6%)
10. South Korea: $232 million (2.2%)

Nevada’s top trade partners in Europe (Switzerland, Germany, Netherlands, Hungary) bought almost a third (30.6%) of the overall value of exported goods generated by the Silver State. In comparison, North American trade partners (Canada and Mexico) bought 28% worth.

Nevada Export Companies

Nine of Nevada-based corporations rank among Fortune 1000 Companies, a list that showcases America’s largest businesses. Selected examples are listed below.

• Boyd Gaming Corp (casinos, hotels)
• Scientific Games Corp (gaming machines, systems, internet apps)
• Wynn Resorts (casinos, hotels)
• Caesars Entertainment Corp (casinos, hotels)
• MGM Resorts International (casinos, hotels)
• Las Vegas Sands Corp (casinos, hotels)

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