This section shows forecasts for total exports and imports from Columbia-Snake, OR. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
The top export opportunities according to the relatedness level, without considering those products were Columbia-snake, Or already has a comparative advantage, are led by Halides (0.047), Coal Briquettes (0.045), Gas Turbines (0.041), Frozen Bovine Meat (0.041), and Raw Cotton (0.041).
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 Columbia-snake, Or 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.
This network shows the products most related to the production structure of Columbia-snake, Or. These are products that tend to be co-exported with the products that Columbia-snake, Or exports. Higher relatedness values ββindicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.