Minnesota exports fall 19% in Q2 2025
Minnesota DEED reported Friday that state exports of agricultural, mining, and manufactured goods totaled $5.8 billion in Q2 2025, a $1.3 billion (19%) drop from Q2 2024, led by a 96% plunge in mineral fuel and oil exports to Canada (-$703 million). Exports to Mexico and China also fell more than 20%, while shipments to Ireland, the UK, Germany and Switzerland increased; officials completed a business mission to Ireland and plan a November trade mission to Germany and Switzerland.
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đ Key Facts
- DEED: Q2 2025 exports were $5.8B, down $1.3B (19%) year-over-year.
- Mineral fuel/oil exports to Canada fell 96%, accounting for $703M of the decline.
- Exports to Mexico and China each dropped >20%; growth noted to Ireland, UK, Germany, Switzerland, with a trade mission to Germany/Switzerland planned for November.