Charleston, Sc

District in South Carolina, State of United States

2019
Economic
Complexity
: 0.33, Rank 14 of 39

Jan 2021
Trade
Exports | Imports
: $1.94B | $4.27B, 20 of 43 | 14 of 42

Jan 2021
Country
Destination | Origin
: China | Germany , $310M  | $814M

Jan 2021
Product
Exports | Imports
: Cars | Vehicle Parts , $377M  | $386M

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

Exports: In 2020, United States' Charleston, Sc exported $30.5B, making it the 15th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Charleston, Sc were Aircraft parts nes ($3.83B), Medium Sized Cars ($3.28B), Large Diesel Engine Cars ($2.25B), Vehicles; with both spark-ignition internal combustion... ($1.81B), and Medium Diesel Engine Cars ($564M).

Imports: In 2020, United States' Charleston, Sc imported $47.1B, making it the 14th largest importer out of the 43 importers in United States. In 2020 top imports of Charleston, Sc were Aircraft parts nes ($1.67B), Insulin, in dosage ($1.06B), Waste and scrap of precious metals:... ($976M), Medicaments nes, in dosage ($899M), and Engines, spark-ignition reciprocating, over 1000 cc ($863M).

Economic Complexity: In 2019, the highest complexity exports of Charleston, Sc according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Cermets (1.87), Silicone (1.83), Photographic Plates (1.69), and Fork-Lifts (1.67). 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 Charleston, SC'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): Germany, $5.03B

Top Product (2020): Aircraft parts nes, $3.83B

In 2020 the top export destinations of Charleston, Sc were Germany ($5.03B), China ($4.61B), Belgium ($1.69B), United Kingdom ($1.35B), and South Korea ($1.33B).

In 2020 the top exports of Charleston, Sc were Aircraft parts nes ($3.83B), Medium Sized Cars ($3.28B), Large Diesel Engine Cars ($2.25B), Vehicles; with both spark-ignition internal combustion... ($1.81B), and Medium Diesel Engine Cars ($564M).

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, $10.3B

Top Import (2020): Aircraft parts nes, $1.67B

In 2020 the top import origins of Charleston, Sc were Germany ($10.3B), China ($6.8B), India ($2.44B), Japan ($2.12B), and Vietnam ($1.83B).

In 2020 the top imports of Charleston, Sc were Aircraft parts nes ($1.67B), Insulin, in dosage ($1.06B), Waste and scrap of precious metals:... ($976M), Medicaments nes, in dosage ($899M), and Engines, spark-ignition reciprocating, over 1000 cc ($863M).

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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Charleston, Sc ranks 14th 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 Charleston, Sc already has a comparative advantage, are led by Halides (0.24), X-Ray Equipment (0.23), Photographic Film (0.23), Epoxides (0.23), and Photo Lab Equipment (0.23).

Most Complex Products by PCI

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The highest complexity exports of Charleston, Sc according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Cermets (1.87), Silicone (1.83), Photographic Plates (1.69), and Fork-Lifts (1.67). 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 Artificial Filament Tow (96.1), Aircraft Parts (62.1), Cellulose (41.1), Non-Retail Artificial Filament Yarn (28.5), and Photographic Paper (26.8).

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 Charleston, Sc 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  Charleston, Sc. These are products that tend to be co-exported with the products that Charleston, Sc 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.