Chicago, Il

District in Illinois, State of United States

2019
Economic
Complexity
: 0.68, Rank 3 of 39

Jan 2021
Trade
Exports | Imports
: $4.91B | $19.9B, 8 of 43 | 3 of 42

Jan 2021
Country
Destination | Origin
: China | China , $1.23B  | $6.93B

Jan 2021
Product
Exports | Imports
: Blood, antisera, vaccines, toxins and cultures | Telephones , $721M  | $2.59B

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

Exports: In 2020, United States' Chicago, Il exported $53.6B, making it the 8th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Chicago, Il were Aircraft parts nes ($5.07B), Medicaments nes, in dosage ($4.6B), Blood, human or animal, antisera, other... ($2.3B), Instruments, appliances for medical, etc science,... ($2.26B), and Composite diagnostic or laboratory reagents, nes ($1.67B).

Imports: In 2020, United States' Chicago, Il imported $215B, making it the 3rd largest importer out of the 43 importers in United States. In 2020 top imports of Chicago, Il were Telephones for cellular networks or for... ($19.4B), Petroleum oils, oils from bituminous minerals,... ($18.1B), Automatic data processing machines: portable, weighing... ($17.9B), Medicaments nes, in dosage ($16.5B), and Commodities not specified according to kind ($15.9B).

Economic Complexity: In 2019, the highest complexity exports of Chicago, Il according to the product complexity index (PCI) are Tool Plates (1.96), Photographic Film (1.96), Cermets (1.87), Other Measuring Instruments (1.86), and Silicone (1.83). 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 Chicago, IL'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): China, $9.79B

Top Product (2020): Aircraft parts nes, $5.07B

In 2020 the top export destinations of Chicago, Il were China ($9.79B), Japan ($5.65B), Germany ($5.59B), Netherlands ($3.52B), and United Kingdom ($2.85B).

In 2020 the top exports of Chicago, Il were Aircraft parts nes ($5.07B), Medicaments nes, in dosage ($4.6B), Blood, human or animal, antisera, other... ($2.3B), Instruments, appliances for medical, etc science,... ($2.26B), and Composite diagnostic or laboratory reagents, nes ($1.67B).

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): China, $68B

Top Import (2020): Telephones for cellular networks or for..., $19.4B

In 2020 the top import origins of Chicago, Il were China ($68B), Canada ($18.6B), Ireland ($17.2B), Germany ($13.8B), and Japan ($12.8B).

In 2020 the top imports of Chicago, Il were Telephones for cellular networks or for... ($19.4B), Petroleum oils, oils from bituminous minerals,... ($18.1B), Automatic data processing machines: portable, weighing... ($17.9B), Medicaments nes, in dosage ($16.5B), and Commodities not specified according to kind ($15.9B).

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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Chicago, Il ranks 3rd 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 Chicago, Il already has a comparative advantage, are led by Developed Exposed Photographic Material (0.31), Photo Lab Equipment (0.31), Halides (0.31), Phenol Derivatives (0.29), and Nitrogen Heterocyclic Compounds (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 Tool Plates (1.96), Photographic Film (1.96), Cermets (1.87), Other Measuring Instruments (1.86), and Silicone (1.83). 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 (31), Tensile Testing Machines (19.5), Glass Mirrors (17.4), Other Inedible Animal Products (17.3), and Hormones (17.2).

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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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.