Charlotte, Nc

District in North Carolina, State of United States

2019
Economic
Complexity
: 0.31, Rank 19 of 39

Jan 2021
Trade
Exports | Imports
: $273M | $1.94B, 36 of 43 | 25 of 42

Jan 2021
Country
Destination | Origin
: United Kingdom | Germany , $47.8M  | $1.17B

Jan 2021
Product
Exports | Imports
: Pig Meat | Blood, antisera, vaccines, toxins and cultures , $18.6M  | $1.07B

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

Exports: In 2020, United States' Charlotte, Nc exported $4.58B, making it the 32nd largest exporter out of the 43 exporters in United States. In 2020 the top exports of Charlotte, Nc were Munitions of war, ammunition/projectiles and parts ($745M), Aircraft parts nes ($404M), Commodities not specified according to kind ($230M), Swine cuts, frozen nes ($166M), and Chem wood pulp, soda or sulphate,... ($162M).

Imports: In 2020, United States' Charlotte, Nc imported $15.7B, making it the 29th largest importer out of the 43 importers in United States. In 2020 top imports of Charlotte, Nc were Blood, human or animal, antisera, other... ($3.31B), Commodities not specified according to kind ($2.27B), Medicaments nes, in dosage ($418M), Parts of turbo-jet or turbo-propeller engines ($360M), and Photosensitive/photovoltaic/LED semiconductor devices ($213M).

Economic Complexity: In 2019, the highest complexity exports of Charlotte, Nc according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Cermets (1.87), Silicone (1.83), Metal Pickling Preparations (1.71), and Photographic Plates (1.69). 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 Charlotte, NC'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): Saudi Arabia, $831M

Top Product (2020): Munitions of war, ammunition/projectiles and parts, $745M

In 2020 the top export destinations of Charlotte, Nc were Saudi Arabia ($831M), United Kingdom ($581M), Belgium ($452M), China ($382M), and Qatar ($336M).

In 2020 the top exports of Charlotte, Nc were Munitions of war, ammunition/projectiles and parts ($745M), Aircraft parts nes ($404M), Commodities not specified according to kind ($230M), Swine cuts, frozen nes ($166M), and Chem wood pulp, soda or sulphate,... ($162M).

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, $4.46B

Top Import (2020): Blood, human or animal, antisera, other..., $3.31B

In 2020 the top import origins of Charlotte, Nc were Germany ($4.46B), Ireland ($2.6B), China ($2.26B), United Kingdom ($689M), and Japan ($544M).

In 2020 the top imports of Charlotte, Nc were Blood, human or animal, antisera, other... ($3.31B), Commodities not specified according to kind ($2.27B), Medicaments nes, in dosage ($418M), Parts of turbo-jet or turbo-propeller engines ($360M), and Photosensitive/photovoltaic/LED semiconductor devices ($213M).

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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Charlotte, Nc ranks 19th 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 Charlotte, Nc already has a comparative advantage, are led by Epoxides (0.18), Aircraft Launch Gear (0.18), Photo Lab Equipment (0.18), Non-optical Microscopes (0.18), and Photographic Chemicals (0.17).

Most Complex Products by PCI

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The highest complexity exports of Charlotte, Nc according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Cermets (1.87), Silicone (1.83), Metal Pickling Preparations (1.71), and Photographic Plates (1.69). 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 Explosive Ammunition (464), Military Weapons (179), Pig and Poultry Fat (66.8), Binoculars and Telescopes (62.7), and Non-Retail Synthetic Staple Fibers Yarn (59.9).

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 Charlotte, Nc 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  Charlotte, Nc. These are products that tend to be co-exported with the products that Charlotte, Nc 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.