Minnesota’s global competitiveness is growing rapidly thanks to its established presence in markets in North America and Europe, initiatives in China and India, and growing business in emerging markets throughout the world. Minnesota’s goods exports generated $24.9 billion last year, supporting more than 748,000 well-paying Minnesotan jobs.

• In Minnesota, 748,100 jobs were supported by trade, representing 19.6% of all jobs in the state.^1,2
• In 2022, 8,306 companies exported goods from Minnesota of which 86% were small- and medium-sized enterprises. In 2021, 157,400 people were employed by affiliates of companies at least 50% foreign-owned.^3,4

• Minnesota exported $24.9 billion in goods to foreign markets in 2023, a 5% increase compared to 2022. Minnesota’s largest markets were:⁵
  • Canada ($7.0 billion)
  • Mexico ($3.3 billion)
  • China ($2.2 billion)
  • Japan ($996 million)
  • Germany ($884 million)
• Agricultural exports are important to Minnesota's economy, totaling $10 billion in 2022, according to the USDA.⁶
• Since 2014, the U.S. Export-Import Bank has financed $1 billion in exports from 131 companies in Minnesota.⁷
• Since 1992, the U.S. Trade and Development Agency has helped facilitate $428 million in exports from Minnesota companies.⁹

• From 2022-2023, 14,321 international students were enrolled in Minnesota colleges and universities and contributed $460 million to the Minnesota economy.¹⁰

• Since 1961, 7,079 Peace Corps volunteers from Minnesota have served in dozens of countries overseas.¹¹

1. https://s3.amazonaws.com/brt.org/Business-Roundtable_TradeandAmericanJobs2022.pdf
2. https://www.businessroundtable.org/policy-perspectives/trade-international/benefits-of-trade-data
3. https://www.census.gov/foreign-trade/Press-Release/edb/edbrel2021.pdf
4. https://www.bea.gov/sites/default/files/2023-08/imne0823_0.pdf
5. https://www.trade.gov/data-visualization/state-economy-and-trade-factsheets
6. https://www.ers.usda.gov/data-products/state-fact-sheets.aspx#.U2ERwbQzqX8
7. https://www.exim.gov/customer-map/
8. https://www.mcc.gov/work-with-us/mcc-business/vehicles/
9. https://ustda.gov/ustda-success-by-state/
10. https://www.nafsa.org/policy-and-advocacy/policy-resources/nafsa-international-student-economic-value-tool-v2
11. https://www.peacecorps.gov/stories/peace-corps-announces-top-2023-volunteer-producing-states/