Buffalo, Ny

District in New York, state of United States

Exports (2019): $41B, Rnk 14/43

Top Destination (2019): $36.7B, Canada

Top Export (2019): $1.41B, Spark ignition engine trucks weighing <...

Imports (2019): $39.6B, Rnk 19/43

Top Origin (2019): $34.6B, Canada

Top Import (2019): $3.28B, Medium Sized Cars

Economic Complexity (2019): 0.29, Rnk 21 / 43

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

Exports: In 2019, United States' Buffalo, Ny exported $41B, making it the 14th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Buffalo, Ny were Spark ignition engine trucks weighing <... ($1.41B), Medium Sized Cars ($1.01B), Diesel powered trucks weighing 5-20 tonnes ($807M), Cigarettes containing tobacco ($777M), and Aircraft parts nes ($725M).

Imports: In 2019, United States' Buffalo, Ny imported $39.6B, making it the 19th largest importer out of the 43 importers in United States. In 2019 top imports of Buffalo, Ny were Medium Sized Cars ($3.28B), Large Sized Cars ($2.16B), Commodities not specified according to kind ($2.03B), Small Sized Cars ($2.03B), and Natural gas in gaseous state ($1.11B).

Economic Complexity: In 2019, the highest complexity exports of Buffalo, Ny according to the product complexity index (PCI) are Metal Lathes (1.86), Silicone (1.81), Chemical Analysis Instruments (1.78), Iron Fasteners (1.66), and Transmissions (1.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Canada, $36.7B

Top Product (2019): Spark ignition engine trucks weighing <..., $1.41B

In 2019 the top export destinations of Buffalo, Ny were Canada ($36.7B), Germany ($729M), Belgium ($554M), United Kingdom ($407M), and Japan ($321M).

In 2019 the top exports of Buffalo, Ny were Spark ignition engine trucks weighing <... ($1.41B), Medium Sized Cars ($1.01B), Diesel powered trucks weighing 5-20 tonnes ($807M), Cigarettes containing tobacco ($777M), and Aircraft parts nes ($725M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Year

Top Origin (2019): Canada, $34.6B

Top Import (2019): Medium Sized Cars, $3.28B

In 2019 the top import origins of Buffalo, Ny were Canada ($34.6B), China ($1.68B), United Kingdom ($441M), Germany ($333M), and Italy ($251M).

In 2019 the top imports of Buffalo, Ny were Medium Sized Cars ($3.28B), Large Sized Cars ($2.16B), Commodities not specified according to kind ($2.03B), Small Sized Cars ($2.03B), and Natural gas in gaseous state ($1.11B).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Buffalo, NY throughout time.

This section shows forecasts for total exports and imports from Buffalo, NY. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Buffalo, Ny ranks 21st out of the 43 districts in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Buffalo, Ny already has a comparative advantage, are led by Nuclear Reactors (0.49), Orthopedic Appliances (0.49), Non-optical Microscopes (0.49), Other Nickel Products (0.48), and Reaction and Catalytic Products (0.48).

Most Complex Products by PCI

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The highest complexity exports of Buffalo, Ny according to the product complexity index (PCI) are Metal Lathes (1.86), Silicone (1.81), Chemical Analysis Instruments (1.78), Iron Fasteners (1.66), and Transmissions (1.49). 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 Scrap Nickel (32.4), Tar (31.7), Micro-Organism Culture Preparations (20.4), Railway Freight Cars (19.7), and Corrugated Paper (18.7).

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 Buffalo, Ny 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  Buffalo, Ny. These are products that tend to be co-exported with the products that Buffalo, Ny 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.