Indiana

Indiana Exports & Foreign Investment

 

In 2023, Indiana exported a record $56.1 billion of goods to the world.  In 2021, exports from Indiana supported an estimated 173 thousand jobs.

 

Exports from Indiana and Jobs

• Indiana was the 9^th largest state exporter of goods in 2023.
• In 2023, Indiana goods exports were $56.1 billion, an increase of 64 percent ($22 billion) from its export level in 2013 (latest data available).
• Goods exports accounted for 11.3 percent of Indiana GDP in 2023 (latest data available).
• Indiana goods exports in 2021 (latest data available) supported an estimated 173 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Indiana and Jobs

• In 2023, Indiana exported $55.2 billion of manufactured products.
• Indiana exports of manufactured products supported an estimated 145 thousand jobs in 2021 (latest data available).
• The state's largest manufacturing export category is chemicals, which accounted for $20.5 billion of Indiana's total goods exports in 2023.
• Other top manufacturing exports are transportation equipment ($12.6 billion), machinery, except electrical ($5.5 billion), miscellaneous manufactured commodities ($3.0 billion), and computer and electronic products ($2.5 billion).

 

Exports Sustain Thousands of Indiana Businesses many of which are SMEs

• A total of 8,526 companies exported from Indiana locations in 2022 (latest data available). Of those, 7,165 (84 percent) were small and medium sized enterprises with fewer than 500 employees.
•  Small and medium-sized firms generated 16.0 percent of Indiana's total exports of goods in 2022.

 

Indiana Depends on World Markets

• The state’s largest market was Canada. Indiana exported $14.9 billion in goods to Canada in 2023, representing 27 percent of the state’s total goods exports.
• Canada was followed by Mexico ($7.5 billion), China ($5.0 billion), Germany ($3.9 billion), and Italy ($3.2 billion).
• Indiana’s exports to major world areas included:

 

• 47 percent of Indiana’s goods exports ($26.4 billion) in 2023 went to current FTA partners. 

Agriculture in Indiana depends on Exports

• Indiana is the country’s 7^th largest agricultural exporting state, shipping $7.4 billion in domestic agricultural exports abroad in 2022 (latest data available according to the U.S. Dept. of Agriculture).^[1]
• Top Agricultural exports were:

 

International Investment Creates Jobs in Indiana

• In 2021 (latest data available), foreign-controlled companies employed 209,100 Indiana workers. Major sources of foreign investment in Indiana included Japan, France and the United Kingdom.
• Foreign investment in Indiana was responsible for 7.7 percent of the state's total private-industry employment in 2021.

Indiana’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Indiana recorded goods exports: Chicago-Naperville-Elgin ($63.4 billion), Indianapolis-Carmel-Anderson ($14.7 billion), Louisville/Jefferson County ($10.6 billion), Evansville ($4.6 billion), Elkhart-Goshen ($3.2 billion), Lafayette-West Lafayette ($1.9 billion), Fort Wayne ($1.8 billion), Kokomo ($948 million), South Bend-Mishawaka ($754.3 million), Michigan City-La Porte ($468.9 million), Terre Haute ($273.4 million), and Muncie ($188.5 million).