Top 10 Import Goods
| HS Code | Import USD$ |
|---|---|
| (94) Furniture | $3,058,073,346 |
| (27) Oil & Mineral Fuels | $2,296,516,332 |
| (90) Precision Instruments | $2,002,226,598 |
| (39) Plastics | $1,867,282,620 |
What are Michigan’s top imports?
Yearly Imports
In 2021 the top imports of Michigan were Spark ignition Trucks < 5... ($10.9B), Small Sized Cars ($8.41B), Medium Sized Cars ($8.07B), Diesel Trucks < 5 tonnes ($7.7B), and Large Sized Cars ($7.36B).
What products does Michigan export?
Made-in-America Manufacturing Exports from Michigan and Jobs
Other top manufacturing exports are chemicals ($5.3 billion), machinery, except electrical ($4.9 billion), computer & electronic products ($3.1 billion), and electrical equipment, appliances & components ($2.5 billion).
What does Michigan export the most?
Year over year, the biggest decliners among Michigan’s top 10 export products were mid-sized automobiles with piston engine (down -41.2%), large automobiles with piston engine (down -38.6%), small gas-powered trucks (down -36.6%), aircraft including engines and parts (down -34.5%) then motor vehicle parts or
What does Michigan get from Canada?
Natural gas enters Michigan from Ohio, Indiana, and Wisconsin, and, although Michigan receives a small amount of pipeline natural gas from Canada, the bulk of the natural gas flowing across the border goes into Canada, most of it at St. Clair.
What does the US import the most?
What Are the Major U.S. Imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
What is exported in Detroit?
In 2021 the top exports of Detroit, Mi were Spark ignition Trucks < 5... ($5.63B), Large Sized Cars ($4.08B), Engines, spark-ignition reciprocating, over 1000 cc ($2.47B), Others parts and accessories of bodies... ($1.87B), and Medium Sized Cars ($1.7B).
What is Michigan’s largest industry?
In Michigan, motor vehicles, bodies and trailers, and parts manufacturing is the largest industry, accounting for 7.6% of the state’s total GDP of $536.9 billion.
What is the main industry in Michigan?
INDUSTRY. Three of Michigan’s major industries are manufacturing, tourism and agriculture. The total workers in the Michigan labor force number 4.9 million people.
What does Michigan manufacturer?
The state’s leading manufactures include motor vehicles and parts, machinery, fabricated metal products, chemical products, furniture, and processed foods. Michigan’s automotive industry is based in and near Detroit, and many reasons have been advanced to account for its establishment in that location.
What is the most grown crop in Michigan?
In terms of revenue and production numbers, potatoes are Michigan’s top crop. Potatoes are grown throughout the state, from the southernmost counties of the Lower Peninsula all the way up into the cold climates of the Upper Peninsula.
Does Michigan import electricity?
Michigan imports all coal and nuclear fuel (uranium), and 82% of natural gas. A goal to produce over 10% of electricity from in-state renewable sources was set in 2015. Major electric companies in Michigan include Detroit Edison (11,000 MW) and Consumers Power (9,000 MW).
Where does Michigan gasoline come from?
Its flammability is the major reason why people and businesses buy natural gas. Natural gas consumed in Michigan comes from gas and oil fields located primarily in Michigan’s Lower Peninsula, the Texas-Oklahoma Panhandle, on and off-shore Louisiana, and Alberta, Canada.
Where does Detroit get its electricity?
As of 2020, 49.66% of DTE’s electricity was generated from coal, 21.07% from nuclear, 17.21% from natural gas and 11.81% from renewable energy including wind, solar and hydroelectric.
Does the US buy anything from Russia?
Russia is the United States’ 26th largest goods trading partner and imports from the country account for about 1% of total American imports, though Russian sources compose a much larger share of imports of key commodities.
Who is America’s biggest trading partner?
Canada
Who Does the U.S. Trade Most With?
| Rank | U.S. Trade Partners | Goods Exports (in billion U.S. dollars) |
|---|---|---|
| #1 | Canada | $307.6 |
| #2 | Mexico | $276.5 |
| #3 | China | $151.1 |
| #4 | Japan | $75.0 |
What is the US number 1 import?
Searchable List of America’s Most Valuable Import Products
| Rank | US Import Product | Change |
|---|---|---|
| 1 | Cars | +1.6% |
| 2 | Crude oil | +69.1% |
| 3 | Computers, optical readers | +12.8% |
| 4 | Phone devices including smartphones | +17.6% |
How does Michigan make money?
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
Who is the largest employer in Michigan?
Ford Motor Company
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| Company | Fortune 500 Ranking | |
|---|---|---|
| 1 | Ford Motor Company | 21 |
| 2 | General Motors | 22 |
| 3 | Dow | 82 |
| 4 | Penske Automotive Group | 143 |
What are the top 5 industries in Michigan?
Industries
- Advanced Manufacturing.
- Medical Device Technology.
- Mobility and Automotive Manufacturing.
- Professional & Corporate Services.
- Tech.
- Engineering, Design and Development.
Does Michigan have a lot of oil?
Michigan has an abundance of oil and natural gas located under its landscape. That abundance can be measured in many ways. One is output. Since 1925 more than 50,000 oil or natural gas wells have been drilled in Michigan.