In 2019 the top export destinations of British Columbia were United States (C$ 22B), China (C$ 6.48B), Japan (C$ 4.54B), South Korea (C$ 2.64B), and India (C$ 1.58B).
In 2019 the top import origins of British Columbia were United States (C$ 21.3B), China (C$ 12.1B), Japan (C$ 3.05B), Mexico (C$ 2.33B), and Vietnam (C$ 1.65B).
The top export opportunities according to the relatedness level, without considering those products were British Columbia already has a comparative advantage, are led by Crude Petroleum (0.23), Fish Oil (0.21), Potassic Fertilizers (0.21), Other Prepared Meat (0.21), and Barley (0.21).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since British Columbia is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
This network shows the products most related to the production structure of British Columbia. These are products that tend to be co-exported with the products that British Columbia exports. Higher relatedness values ββindicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.