Governor Tim Walz and the Minnesota Department of Employment and Economic Development (DEED) announced on Tuesday that exports of manufactured, agricultural and mining goods from Minnesota were valued at $6.6 billion in the first quarter of 2023, outpacing national growth. This is Minnesota’s eight consecutive quarter of export growth.
At 9% annually, Minnesota’s exports grew faster than those of the United States as a whole, which saw 7% annual growth.
Minnesota’s largest export markets remain Canada ($2.1 billion) and Mexico ($866 million). Minnesota showed widespread export growth across regions, driven by a 34% increase to Africa, a 28% increase to the Caribbean, Central and South American and a 15% increase to the European Union.