Chicago, Il

District in Illinois, state of United States

Exports (2019): $50.4B, Rnk 12/43

Top Destination (2019): $8.37B, China

Top Export (2019): $7.87B, Aircraft parts nes

Imports (2019): $205B, Rnk 3/43

Top Origin (2019): $61.4B, China

Top Import (2019): $25.7B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.71, Rnk 3 / 43

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

Exports: In 2019, United States' Chicago, Il exported $50.4B, making it the 12th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Chicago, Il were Aircraft parts nes ($7.87B), Medicaments nes, in dosage ($3.68B), Instruments, appliances for medical, etc science,... ($1.86B), Blood, human or animal, antisera, other... ($1.76B), and Blood, human or animal, antisera, other... ($1.37B).

Imports: In 2019, United States' Chicago, Il imported $205B, making it the 3rd largest importer out of the 43 importers in United States. In 2019 top imports of Chicago, Il were Petroleum oils, oils from bituminous minerals,... ($25.7B), Telephones for cellular networks or for... ($19.7B), Commodities not specified according to kind ($13.5B), Medicaments nes, in dosage ($11.9B), and Automatic data processing machines: portable, weighing... ($11B).

Economic Complexity: In 2019, the highest complexity exports of Chicago, Il according to the product complexity index (PCI) are Cermets (2.2), Machinery Having Individual Functions (2.02), Tool Plates (1.98), Rolling Machines (1.93), and Photographic Film (1.89). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Depth
Year

Top Destination (2019): China, $8.37B

Top Product (2019): Aircraft parts nes, $7.87B

In 2019 the top export destinations of Chicago, Il were China ($8.37B), Japan ($5.17B), Germany ($4.5B), United Kingdom ($3.32B), and France ($3.25B).

In 2019 the top exports of Chicago, Il were Aircraft parts nes ($7.87B), Medicaments nes, in dosage ($3.68B), Instruments, appliances for medical, etc science,... ($1.86B), Blood, human or animal, antisera, other... ($1.76B), and Blood, human or animal, antisera, other... ($1.37B).

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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Value
Depth
Year

Top Origin (2019): China, $61.4B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $25.7B

In 2019 the top import origins of Chicago, Il were China ($61.4B), Canada ($26.3B), Ireland ($15.3B), Japan ($13.4B), and Germany ($12B).

In 2019 the top imports of Chicago, Il were Petroleum oils, oils from bituminous minerals,... ($25.7B), Telephones for cellular networks or for... ($19.7B), Commodities not specified according to kind ($13.5B), Medicaments nes, in dosage ($11.9B), and Automatic data processing machines: portable, weighing... ($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 Chicago, IL throughout time.

This section shows forecasts for total exports and imports from Chicago, IL. 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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Chicago, Il ranks 3rd 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 Chicago, Il already has a comparative advantage, are led by Photo Lab Equipment (0.3), Halides (0.3), Developed Exposed Photographic Material (0.28), Artificial Filament Tow (0.28), and Fork-Lifts (0.28).

Most Complex Products by PCI

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The highest complexity exports of Chicago, Il according to the product complexity index (PCI) are Cermets (2.2), Machinery Having Individual Functions (2.02), Tool Plates (1.98), Rolling Machines (1.93), and Photographic Film (1.89). 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 Aircraft Parts (30.1), Tensile Testing Machines (19.7), Glands and Other Organs (18.7), Hormones (18), and Other Inedible Animal Products (18).

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 Chicago, Il 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  Chicago, Il. These are products that tend to be co-exported with the products that Chicago, Il 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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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.