Baltimore, Md

District in Maryland, State of United States

2019
Economic
Complexity
: 0.23, Rank 28 of 39

Jan 2021
Trade
Exports | Imports
: $1.11B | $3.71B, 26 of 43 | 17 of 42

Jan 2021
Country
Destination | Origin
: Australia | Germany , $116M  | $578M

Jan 2021
Product
Exports | Imports
: Cars | Cars , $155M  | $1.45B

Overview: This page contains the latest international trade data for Baltimore, MD, including export and import data.

Exports: In 2020, United States' Baltimore, Md exported $12.9B, making it the 26th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Baltimore, Md were Bituminous coal, not agglomerated ($1.3B), Natural gas, liquefied ($1.29B), Aircraft parts nes ($998M), Tractors; n.e.c. in heading no 8701... ($797M), and Large Sized Cars ($565M).

Imports: In 2020, United States' Baltimore, Md imported $37.6B, making it the 18th largest importer out of the 43 importers in United States. In 2020 top imports of Baltimore, Md were Medium Sized Cars ($9.87B), Small Sized Cars ($1.65B), Large Sized Cars ($1.53B), Vaccines, human use ($1.12B), and Vehicles; with both spark-ignition internal combustion... ($725M).

Economic Complexity: In 2019, the highest complexity exports of Baltimore, Md according to the product complexity index (PCI) are Photographic Film (1.96), Other Esters (1.85), Metalworking Machines (1.82), Metal Finishing Machines (1.76), and Forging Machines (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Baltimore, MD's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Australia, $889M

Top Product (2020): Bituminous coal, not agglomerated, $1.3B

In 2020 the top export destinations of Baltimore, Md were Australia ($889M), India ($843M), Japan ($612M), United Kingdom ($601M), and China ($595M).

In 2020 the top exports of Baltimore, Md were Bituminous coal, not agglomerated ($1.3B), Natural gas, liquefied ($1.29B), Aircraft parts nes ($998M), Tractors; n.e.c. in heading no 8701... ($797M), and Large Sized Cars ($565M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Germany, $5.12B

Top Import (2020): Medium Sized Cars, $9.87B

In 2020 the top import origins of Baltimore, Md were Germany ($5.12B), Japan ($3.64B), China ($3.38B), Mexico ($3.24B), and United Kingdom ($2.85B).

In 2020 the top imports of Baltimore, Md were Medium Sized Cars ($9.87B), Small Sized Cars ($1.65B), Large Sized Cars ($1.53B), Vaccines, human use ($1.12B), and Vehicles; with both spark-ignition internal combustion... ($725M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Baltimore, Md ranks 28th out of the 43 districts in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Baltimore, Md already has a comparative advantage, are led by Soybeans (0.18), Sulfite Chemical Woodpulp (0.18), Laboratory Reagents (0.18), X-Ray Equipment (0.18), and Orthopedic Appliances (0.18).

Most Complex Products by PCI

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The highest complexity exports of Baltimore, Md according to the product complexity index (PCI) are Photographic Film (1.96), Other Esters (1.85), Metalworking Machines (1.82), Metal Finishing Machines (1.76), and Forging Machines (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Recovered Paper Pulp (73.1), Military Weapons (46.1), Molybdenum Ore (25.3), Tractors (23.3), and Nickel Sheets (20.8).

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 Baltimore, Md 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.

Relatedness Space

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This network shows the products most related to the production structure of  Baltimore, Md. These are products that tend to be co-exported with the products that Baltimore, Md exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.