Exportation and Big Data: An Analysis of Kansas Trade Trends 1995 – 2025

Abstract

The exportation of goods and services plays an essential part in the growth of an economy, exposing producers of goods and services to an external market(s) that fosters collaboration within and outside nations of the world. Some states rely more on exporting goods than others in the United States, and different products are exported at higher rates between states. The specialization of exports can benefit a state since those products help its economy succeed. Understanding what exported goods are essential to the economy allows people to decide what should be produced and exported. Kansas has its own set of goods that it exports across the world. By observing their exporting habits, policymakers in Kansas will know where they stand and how they can move forward. This information can help all stakeholders in Kansas improve the economy for everyone in the state. The study focuses on the 2000 – 2025 period, and its primary contribution is to identify what products (goods and services) the State of Kansas has a comparative advantage in production and what nation of the world Kansas has both a comparative and absolute advantage in exportation over the other 49 States and the District of Columbia.