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Import/Export Price Indexes
Bureau of Labor Statistics > Import/Export Price Indexes > Home

Great Lakes States: Price Movements of Top Exports and Other Highlights

November 2024

Photo of a hotel in Mackinac Island, Michigan

The Great Lakes states—composed of Illinois, Michigan, Indiana, Ohio, Wisconsin, and Minnesota—exported a total trade dollar value of $308.4 billion in 2023, an advance of 3.9 percent from 2022. The price index for the largest export industry in the Great Lakes region, transportation equipment manufacturing, increased in October. Export prices for machinery manufacturing also increased in October and chemical manufacturing declined over the same period.

Top Six Great Lakes Exports by Trade Dollar Value, 2023

  • The Great Lakes states exported a combined trade dollar value of $308.4 billion in 2023, accounting for 15.3 percent of total U.S. exports.
  • Transportation equipment manufacturing was the largest 2023 export industry in the Great Lakes, with the region representing 24.9 percent of total U.S. exports by trade dollar value for the industry.
  • The top 6 Great Lakes export industries accounted for 72.8 percent of the region's U.S. total export trade value in 2023.
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U.S. Export Price Indexes: Transportation Equipment Manufacturing

  • The price index for export transportation equipment manufacturing increased 0.4 percent in October.
  • A 1.1-percent rise in prices for motor vehicle manufacturing led the October advance in prices for transportation equipment manufacturing.
  • Transportation equipment manufacturing export prices rose 3.7 percent for the 12 months ended October 2024.
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U.S. Export Price Indexes: Chemical Manufacturing

  • Export chemical manufacturing prices declined 0.2 percent in October.
  • A 1.3-percent decrease in prices for other basic inorganic chemical manufacturing led the drop in prices for chemical manufacturing in October.
  • The price index for chemical manufacturing exports advanced 0.8 percent over the past year.
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U.S. Export Price Indexes: Machinery Manufacturing

  • The price index for export machinery manufacturing advanced 0.4 percent in October.
  • Export machinery manufacturing prices increased 2.3 percent from October 2023 to October 2024.
  • A 2.7-percent advance in prices for agriculture, construction, and mining machinery manufacturing contributed to the 12-month rise in prices for machinery manufacturing.
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Great Lakes States by Export Trade Dollar Value, 2023

  • The top 3 exporting states within the Great Lakes region—Illinois, Michigan, and Indiana—represented 9.9 percent of total U.S. exports by trade dollar value.
  • Illinois accounted for 25.5 percent of total Great Lakes exports, while Michigan and Indiana represented 21.0 percent and 18.2 percent, respectively.
  • Ohio, Wisconsin, and Minnesota combined for 35.2 percent of Great Lakes exports by trade dollar value in 2023.
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Midwest Information Office • BLSInfoChicago@bls.gov • https://www.bls.gov/regions/midwest/ • 312-353-1880 

 

Last Modified Date: November 25, 2024