Tariffs and Uncertainty Drive 13% Decline in Minnesota Exports Between 2024 and 2025
April 13, 2026
Minnesota exports of agricultural, mining and manufactured goods were valued at $23.5 billion last year, a drop of $3.4 billion (down 13%) over 2024, according to the annual exports report released today by the Minnesota Department of Employment and Economic Development (DEED). U.S. exports grew 6% in 2025, although about half of all states experienced declines that year.
Exports of mineral fuel and oil to Canada — which surged in 2024 and was the dominant contributor to the state's export growth that year — fell by $1.7 billion in 2025 and drove about half of the overall exports decline. This category includes products such as motor fuel or lubricants.