Minnesota’s Exports Grow for 8th Consecutive Month in the 1st Quarter of 2023

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.