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Overview This page contains the latest international trade data for Charleston, SC. In January 2024 Charleston, SC was the number 18 in total exports and the number 14 in total imports in United States.

Exports In 2023, United States' Charleston, Sc exported $29.1B, making it the 18th largest exporter out of the 43 exporters in United States. In 2023 the top exports of Charleston, Sc were Other Aircraft parts ($6.11B), Medium Sized Cars ($3.11B), Large Diesel non chargeable Cars ($2.13B), Spark-ignition chargeable Cars ($1.76B), and Others parts and accessories of bodies... ($957M).

Imports In 2023, United States' Charleston, Sc imported $69.9B, making it the 14th largest importer out of the 43 importers in United States. In 2023 top imports of Charleston, Sc were Medicaments nes, in dosage ($1.6B), Engines, spark-ignition reciprocating, over 1000 cc ($1.51B), Chemical products, mixtures and preparations; Others... ($1.42B), Commodities not specified according to kind ($1.14B), and Aircraft parts (excl. propellers/rotors, undercarriages) ($1.1B).

Economic Complexity In 2023, the highest complexity exports of Charleston, Sc according to the product complexity index (PCI) are Other Esters (2.03), Silicone (1.74), Hand Saws (1.72), Lubricating Products (1.68), Polyamides (1.6), Nickel Sheets (1.58), Hydrides and other anions (1.55), Phenols (1.47), Signaling Glassware (1.42), and Organo-Sulfur Compounds (1.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Germany$5.76B
Top Product (2023)Other Aircraft parts $6.11B

In 2023 the top export destinations of Charleston, Sc were Germany ($5.76B), China ($4.28B), Belgium ($2.16B), South Korea ($1.75B), and Singapore ($1.52B).

In 2023 the top exports of Charleston, Sc were Other Aircraft parts ($6.11B), Medium Sized Cars ($3.11B), Large Diesel non chargeable Cars ($2.13B), Spark-ignition chargeable Cars ($1.76B), and Others parts and accessories of bodies... ($957M).

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Exports Dynamics

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)
Germany $152M (40.1%)
South Korea $106M (74.9%)
Taiwan $23M (104%)
Rapidly Declining Export Origins (Jan 2023 - Jan 2024)
Netherlands -$185M (-77.4%)
Belgium -$40.8M (-24.5%)
Australia -$29.8M (-31.2%)

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Yearly Imports

Color
Depth
Top Origin (2023)Germany$12.6B
Top Import (2023)Medicaments nes, in dosage$1.6B

In 2023 the top import origins of Charleston, Sc were Germany ($12.6B), China ($9.26B), South Korea ($3.55B), India ($3.47B), and Vietnam ($2.77B).

In 2023 the top imports of Charleston, Sc were Medicaments nes, in dosage ($1.6B), Engines, spark-ignition reciprocating, over 1000 cc ($1.51B), Chemical products, mixtures and preparations; Others... ($1.42B), Commodities not specified according to kind ($1.14B), and Aircraft parts (excl. propellers/rotors, undercarriages) ($1.1B).

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Imports Dynamics

Fastest Growing Import Origins (Jan 2023 - Jan 2024)
South Korea $156M (63%)
Brazil $78.2M (69.5%)
Ireland $65.9M (89.6%)
Rapidly Declining Import Origins (Jan 2023 - Jan 2024)
Germany -$166M (-14.7%)
Vietnam -$136M (-45.3%)
China -$120M (-13.6%)

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Economic Complexity

Economic Complexity of Charleston, Sc

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Economic Complexity (2023)0.31

Charleston, Sc ranks 20th out of the 43 districts in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Charleston, Sc already has a comparative advantage, are led by Photographic Chemicals (0.26), Epoxides (0.25), Cyclic Hydrocarbons (0.24), Photo Lab Equipment (0.24), and X-Ray Equipment (0.24).

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Most Complex Products by PCI

The highest complexity exports of Charleston, Sc according to the product complexity index (PCI) are Other Esters (2.03), Silicone (1.74), Hand Saws (1.72), Lubricating Products (1.68), Polyamides (1.6), Nickel Sheets (1.58), Hydrides and other anions (1.55), Phenols (1.47), Signaling Glassware (1.42), and Organo-Sulfur Compounds (1.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Artificial Filament Tow (180.63), Non-Retail Artificial Filament Yarn (58.18), Quartz (57.37), Aircraft Parts (56.84), and Cellulose (53.05).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

Depth
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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. Bubble size corresponds to exports value by year 2020.

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