Exports of manufactured, agricultural and mining goods from Minnesota were valued at $6.1 billion in the first quarter of 2022, representing a gain of 13% over the first quarter of 2021, according to a report released today by the Minnesota Department of Employment and Economic Development (DEED). U.S. exports of goods rose 18% between the first quarters of 2021 and 2022, with 39 states and Washington D.C. having positive export growth rates.
“Minnesota exports are a critical part of our economy,” said DEED Commissioner Steve Grove. “Diversified global trade helps ensure that Minnesota’s economy is resilient and positions us for future growth by showcasing our ingenuity and innovation on the global stage.”
Canada ($1.9 billion), China ($698 million) and Mexico ($676 million) were the state’s three largest export markets in the first quarter of 2022. Other market leaders were Japan ($285 million), Germany ($186 million) and Belgium ($184 million). Minnesota exports showed strength globally — increasing to larger markets such as North America (up 28%) and Europe (up 7%), as well as making inroads in emerging markets in the Middle East (up 29%), Africa (up 9%) and Central and South America (up 2%).
Five of the state’s top 10 products grew in the first quarter: electrical equipment (up 31%); optic, medical (up 5%); cereals (up 579%); plastics (up 7%) and meat (up 2%).
“Minnesota businesses are working hard to recover market share around the world, and also overcome supply chain and logistics challenges,” said Gabrielle Gerbaud, Executive Director of the Minnesota Trade Office. “Our office in Minnesota and our network of overseas offices offer extensive support and assistance to help companies grow their sales in international markets.”
The Minnesota Trade Office (MTO) supports small- and medium-sized Minnesota businesses through technical assistance, export education and training programs, trade promotion activities, services by offices in strategic overseas locations, and export expansion grants. State STEP grants (50% matching up to $7,500) support a range of export development activities, including participation in virtual and in-person trade shows and missions. The MTO also serves as Minnesota’s Office of Protocol, ensuring that the state’s interactions with foreign delegations and dignitaries are conducted with appropriate diplomatic etiquette and cultural practices.
The full first quarter 2022 report is available on DEED’s website in the Export and Trade Statistics section.
