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Visualizing the Major Product Exported by Each U.S. State

Published

6 months ago

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Graphic showing product categories each state exports worldwide.

Visualizing the Major Product Exported by Each State

The U.S. is the second biggest exporter in the world, accounting for over 8% of global exports.

In this graphic by OnDeck, we analyze the primary product exported by each state, as well as its main destination, utilizing data from the U.S. International Trade Administration.

Canada: The Primary Destination

Canada serves as the largest export market for most of the Midwest, while Mexico holds the top spot as the export destination for much of the Southwest and Southeast. Additionally, Canada stands out as the primary importer of products from 21 states, with China and Germany trailing behind as notable destinations.

StateDestinationTop Product ExportedValue (USD)
Alabama🇩🇪 GermanyTransportation equip.$3,649M
Alaska🇨🇦 CanadaMinerals$576M
Arizona🇲🇽 MexicoMinerals$1,760M
Arkansas🇨🇦 CanadaProcessed Foods$246M
California🇨🇦 CanadaComputer & Electronics$5,093M
Colorado🇰🇷 South KoreaProcessed Foods$545M
Connecticut🇩🇪 GermanyTransportation equip.$1,581M
Delaware🇰🇷 South KoreaAppliances$419M
Florida🇬🇧 UKChemicals$2,447M
Georgia🇨🇦 CanadaMachinery$1,629M
Hawaii🇭🇰 Hong KongTransportation equip.$68M
Idaho🇹🇼 TaiwanComputer & Electronics$394M
Illinois🇨🇦 CanadaTransportation equip.$4,517M
Indiana🇨🇦 CanadaTransportation equip.$6,561M
Iowa🇨🇦 CanadaMachinery$1,598M
Kansas🇲🇽 MexicoAgricultural$1,543M
Kentucky🇨🇦 CanadaTransportation equip.$3,630M
Louisiana🇨🇳 ChinaAgricultural$11,300M
Maine🇨🇦 CanadaOil & Gas$504M
Maryland🇫🇷 FranceTransportation equip.$949M
Massachusetts🇨🇳 ChinaMachinery$1,298M
Michigan🇨🇳 ChinaTransportation equip.$15,361M
Minnesota🇨🇦 CanadaPetroleum & Coal$2,787M
Mississippi🇵🇦 PanamaPetroleum & Coal$2,106M
Missouri🇨🇦 CanadaTransportation equip.$2,390M
Montana🇨🇦 CanadaMinerals$153M
Nebraska🇲🇽 MexicoAgricultural$933M
Nevada🇨🇭 SwitzerlandMetal$1,399M
New Hampshire🇩🇪 GermanyTransportation equip.$695M
New Jersey🇨🇦 CanadaChemicals$2,734M
New Mexico🇲🇽 MexicoComputer & Electronics$2,014M
New York🇨🇭 SwitzerlandMetal $18,262M
North Carolina🇨🇳 ChinaChemicals$4,312M
North Dakota🇨🇦 CanadaPetroleum & Coal$1,441M
Ohio🇨🇦 CanadaTransportation equip.$5,990M
Oklahoma🇨🇦 CanadaMachinery$418M
Oregon🇨🇳 ChinaComputer & Electronics$6,261M
Pennsylvania🇨🇦 CanadaChemicals$2,280M
Rhode Island🇮🇹 ItalyWaste & Scrap$321M
South Carolina🇩🇪 GermanyTransportation equip.$3,774M
South Dakota🇨🇦 CanadaProcessed Foods$297M
Tennessee🇨🇦 CanadaTransportation equip.$2,017M
Texas🇲🇽 MexicoPetroleum & Coal $33,627M
Utah🇬🇧 UKMetal $6,805M
Vermont🇹🇼 TaiwanComputer & Electronics$447M
Virginia🇮🇳 IndiaMinerals$1,799M
Washington🇨🇳 ChinaAgricultural $10,553M
West Virginia🇮🇳 IndiaMinerals$657M
Wisconsin🇨🇦 CanadaMachinery$1,802M
Wyoming🇮🇩 IndonesiaChemicals$200M

When it comes to the types of exports, transportation equipment emerges as the primary source for the majority of states, with minerals and ores, chemicals, and computer and electronics following closely behind.

For instance, North Carolina ships $4.3 billion worth of chemicals to China, marking one of the longest-distance trade flows among states. Meanwhile, Florida boasts one of the most diverse export portfolios, engaging in trade with Europe, South America, and the Caribbean.

Louisiana heavily relies on the export of agricultural products to China, which contributes significantly to its total GDP. Similarly, Michigan’s transportation equipment exports to Canada constitute a noteworthy portion of the state’s GDP.

In Oregon, exports of semiconductors and other computer parts to China, driven by companies like Intel and Micron, play a crucial role in the state’s economy. Meanwhile, Utah predominantly exports primary metal manufacturing goods to the United Kingdom.

The biggest exporter in the country, Texas, sees a significant portion of its GDP attributed to exports to Mexico, further underlining the state’s economic ties with its southern neighbor.

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Ranking the Biggest Single-Day Stock Swings of All Time

One company dominates this ranking of the biggest single-day stock swings in U.S. history.

Published

4 days ago

on

September 13, 2024

By

Ranking the Biggest Single-Day Stock Swings of All Time

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In this graphic, we’ve ranked the biggest single-day stock swings in U.S. history, by total change in market capitalization in U.S. dollars. These numbers were sourced from the blog of Charlie Bilello, Chief Market Strategist at Creative Planning.

Data and Highlights

All of the numbers we used to create this graphic are listed in the tables below, starting with single-day market cap gains.

DateStockSingle-day Gain
7/31/2024Nvidia$327B
2/22/2024Nvidia$277B
5/23/2024Nvidia$218B
6/11/2024Apple$215B
2/2/2024Meta$204B
4/26/2024Google$197B
2/4/2022Amazon$191B
11/10/2022Apple$191B
5/5/2023Nvidia$184B
5/28/2024Nvidia$183B

Many of these single-day gains are related to news around artificial intelligence.

For instance, on July 31, 2024, Nvidia jumped 12%, gaining a massive $327 billion in market cap. This was due to better-than-expected results posted by AMD, another U.S. semiconductor company with a focus on artificial intelligence (AI).

A few weeks earlier on June 11, 2024, Apple shares recorded their best day since 2022 after the company revealed its on-device AI system, Apple Intelligence.

Next, let’s look at the biggest single-day market cap losses in U.S. history.

DateStockSingle-day Loss
9/3/2024Nvidia$279B
2/3/2022Meta$232B
4/19/2024Nvidia$212B
6/24/2024Nvidia$208B
4/29/2022Amazon$207B
7/17/2024Nvidia$206B
7/24/2024Nvidia$205B
8/29/2024Nvidia$197B
7/30/2024Nvidia$193B
8/1/2024Nvidia$192B

Again, we can see that all of these losses were recorded in the past few years. Given today’s multi-trillion dollar valuations, billions in company market cap can be gained or wiped out in a single day.

Volatility in 2024

2024 is proving to be a volatile year for tech stocks, particularly Nvidia, as investors have recently rotated into more defensive sectors like Utilities and Consumer Staples. For reference, the S&P 500’s utilities sector has climbed over 21% YTD in 2024.

Looking at the Nasdaq-100 index, we can see the beginning of a “falling tops” pattern since July 2024, meaning each peak in price is lower than the previous peak. Falling tops typically indicate a bearish trend.

Learn More on the Voronoi App

If you enjoy graphics like these, check out Ehsan Soltani’s profile on Voronoi, the new app from Visual Capitalist. Ehsan is an economist with 400+ articles in various journals and newspapers, and a regular poster on Voronoi.

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