Miami, Fl

District in Florida, state of United States

Exports (2019): $60.8B, Rnk 9/43

Top Destination (2019): $11.7B, Brazil

Top Export (2019): $8.81B, Aircraft parts nes

Imports (2019): $49B, Rnk 17/43

Top Origin (2019): $6.25B, China

Top Import (2019): $4.92B, Commodities not specified according to kind

Economic Complexity (2019): 0.32, Rnk 18 / 43

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

Exports: In 2019, United States' Miami, Fl exported $60.8B, making it the 9th largest exporter out of the 43 exporters in United States. In 2019 the top exports of Miami, Fl were Aircraft parts nes ($8.81B), Telephones for cellular networks or for... ($2.35B), Communication apparatus (excluding telephone sets or... ($1.63B), Blood, human or animal, antisera, other... ($1.35B), and Commodities not specified according to kind ($1.15B).

Imports: In 2019, United States' Miami, Fl imported $49B, making it the 17th largest importer out of the 43 importers in United States. In 2019 top imports of Miami, Fl were Commodities not specified according to kind ($4.92B), Telephones for cellular networks or for... ($2.46B), Turbo-jet engines of a thrust >... ($1.37B), Gold in unwrought forms non-monetary ($1.16B), and T-shirts, singlets and other vests, of... ($1.11B).

Economic Complexity: In 2019, the highest complexity exports of Miami, Fl according to the product complexity index (PCI) are Photographic Film (1.89), Silicone (1.81), Chemical Analysis Instruments (1.78), Wrenches (1.68), and Photographic Plates (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): Brazil, $11.7B

Top Product (2019): Aircraft parts nes, $8.81B

In 2019 the top export destinations of Miami, Fl were Brazil ($11.7B), Colombia ($4.41B), Chile ($3.96B), Dominican Republic ($3.14B), and Argentina ($2.46B).

In 2019 the top exports of Miami, Fl were Aircraft parts nes ($8.81B), Telephones for cellular networks or for... ($2.35B), Communication apparatus (excluding telephone sets or... ($1.63B), Blood, human or animal, antisera, other... ($1.35B), and Commodities not specified according to kind ($1.15B).

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, $6.25B

Top Import (2019): Commodities not specified according to kind, $4.92B

In 2019 the top import origins of Miami, Fl were China ($6.25B), Brazil ($3.6B), Dominican Republic ($3.17B), France ($2.68B), and Colombia ($2.4B).

In 2019 the top imports of Miami, Fl were Commodities not specified according to kind ($4.92B), Telephones for cellular networks or for... ($2.46B), Turbo-jet engines of a thrust >... ($1.37B), Gold in unwrought forms non-monetary ($1.16B), and T-shirts, singlets and other vests, of... ($1.11B).

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 Miami, FL throughout time.

This section shows forecasts for total exports and imports from Miami, FL. 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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Miami, Fl ranks 18th 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 Miami, Fl already has a comparative advantage, are led by Non-optical Microscopes (0.35), Cermets (0.35), Abrasive Powder (0.34), Hormones (0.34), and Packaged Medicaments (0.34).

Most Complex Products by PCI

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The highest complexity exports of Miami, Fl according to the product complexity index (PCI) are Photographic Film (1.89), Silicone (1.81), Chemical Analysis Instruments (1.78), Wrenches (1.68), and Photographic Plates (1.67). 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 (28), Non-Retail Pure Cotton Yarn (14.8), Recreational Boats (14.3), Non-Retail Synthetic Staple Fibers Yarn (13.1), and Gimp Yarn (12).

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 Miami, Fl 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  Miami, Fl. These are products that tend to be co-exported with the products that Miami, Fl 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.