Mississippi

Mississippi Exports & Foreign Investment

 

In 2023, Mississippi exported not a record $14.3 billion of goods to the world.  In 2021, exports from Mississippi supported an estimated 50 thousand jobs.

 

Exports from Mississippi and Jobs

• Mississippi was the 30^th largest state exporter of goods in 2023.
• In 2023, Mississippi goods exports were $14.3 billion, an increase of 15 percent ($1.9 billion) from its export level in 2013 (latest data available).
• Goods exports accounted for 9.8 percent of Mississippi GDP in 2023 (latest data available).
• Mississippi goods exports in 2021 (latest data available) supported an estimated 50 thousand jobs. Nationally, jobs supported by goods exports pay up to an estimated 18 percent above the national average.

Manufacturing Exports from Mississippi and Jobs

• In 2023, Mississippi exported $13.4 billion of manufactured products.
• Mississippi exports of manufactured products supported an estimated 41 thousand jobs in 2021 (latest data available).
• The state's largest manufacturing export category is petroleum and coal products, which accounted for $4.5 billion of Mississippi's total goods exports in 2023.
• Other top manufacturing exports are computer and electronic products ($1.7 billion), miscellaneous manufactured commodities ($1.5 billion), transportation equipment ($1.2 billion), and chemicals ($935 million).

 

Exports Sustain Thousands of Mississippi Businesses many of which are SMEs

• A total of 1,949 companies exported from Mississippi locations in 2022 (latest data available). Of those, 1,458 (75 percent) were small and medium sized enterprises with fewer than 500 employees.
•  Small and medium-sized firms generated 9.4 percent of Mississippi's total exports of goods in 2022.

 

Mississippi Depends on World Markets

• The state’s largest market was Canada. Mississippi exported $2.2 billion in goods to Canada in 2023, representing 15 percent of the state’s total goods exports.
• Canada was followed by Mexico ($2.0 billion), Panama ($1.6 billion), Netherlands ($782 million), and China ($781 million).
• Mississippi’s exports to major world areas included:

 

• 58 percent of Mississippi’s goods exports ($8.3 billion) in 2023 went to current FTA partners. 

Agriculture in Mississippi depends on Exports

• Mississippi is the country’s 22^nd largest agricultural exporting state, shipping $2.7 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 Mississippi

• In 2021 (latest data available), foreign-controlled companies employed 46,700 Mississippi workers. Major sources of foreign investment in Mississippi included Japan, Canada and the United Kingdom.
• Foreign investment in Mississippi was responsible for 5.1 percent of the state's total private-industry employment in 2021.

Mississippi’s Major Metropolitan Areas Benefit from Exporting

In 2022 (latest data available), the following metropolitan areas in Mississippi recorded goods exports: Hattiesburg ($572.8 million), Gulfport-Biloxi ($0 million), and Pascagoula ($0 million).