[ST. PAUL, MN] – Governor Tim Walz and the Minnesota Department of Employment and Economic Development (DEED) announced today that Minnesota’s exports reached a record high of $27 billion in 2022, a 16 percent increase from 2021.

“I am proud to see Minnesota’s exports continue to break records,” said Governor Walz. “Over 200 countries look to our workforce to put food on the table or manufacture their goods. This is another data point that demonstrates the diversity of our economy, strength of our workforce, and influence in the global economy.”

North American markets drove Minnesota's export growth in 2022. Minnesota exports to North America grew to nearly $12 billion, jumping by 30% over 2021. Individual national markets gaining over $150 million in exports from the state in 2022 included Canada (up $2.3 billion), Mexico (up $349 million), the Netherlands (up $239 million), Korea ($794 million, up $211 million) and Spain (up $158 million).

Minnesota conducted $70 billion in total trade in goods with 215 countries in 2022. Total trade grew 25% since 2021. With nearly $43 billion in imports (up 31%), the state ran a trade deficit of about $15 billion in 2022.