Overview This page contains the latest international trade data for Miami, FL. In August 2022 Miami, FL was the number 9 in total exports and the number 17 in total imports in United States.

Exports In 2021, United States' Miami, Fl exported $64.8B, making it the 9th largest exporter out of the 43 exporters in United States. In 2021 the top exports of Miami, Fl were Other Aircraft parts ($8.14B), Vaccines, human use ($2.93B), Telephones for cellular networks or for... ($2.77B), Automatic data processing machines: portable, weighing... ($1.86B), and Communication apparatus (excluding telephone sets or... ($1.67B).

Imports In 2021, United States' Miami, Fl imported $55.5B, making it the 17th largest importer out of the 43 importers in United States. In 2021 top imports of Miami, Fl were Commodities not specified according to kind ($3.7B), Gold in unwrought forms non-monetary ($3.18B), Telephones for cellular networks or for... ($2.53B), Fish fillets: fresh or chilled, salmon,... ($1.46B), and Cigars, cheroots and cigarillos, containing tobacco ($1.33B).

Economic Complexity In 2020, the highest complexity exports of Miami, Fl according to the product complexity index (PCI) are Telephones (0.82), Aircraft Parts (0.76), Tantalum (0.49), Recreational Boats (0.16), and Non-Retail Mixed Cotton Yarn (-0.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): Brazil, $14.1B

Top Product (2021): Other Aircraft parts , $8.14B

In 2021 the top export destinations of Miami, Fl were Brazil ($14.1B), Colombia ($4.66B), Chile ($4.55B), Dominican Republic ($3.76B), and Argentina ($3.04B).

In 2021 the top exports of Miami, Fl were Other Aircraft parts ($8.14B), Vaccines, human use ($2.93B), Telephones for cellular networks or for... ($2.77B), Automatic data processing machines: portable, weighing... ($1.86B), and Communication apparatus (excluding telephone sets or... ($1.67B).

Exports Dynamics

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Fastest Growing Exports Destination (Aug 2021 - Aug 2022)

Rapidly Declining Export Origins (Aug 2021 - Aug 2022)

Yearly Imports

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Top Origin (2021): China, $6.37B

Top Import (2021): Commodities not specified according to kind, $3.7B

In 2021 the top import origins of Miami, Fl were China ($6.37B), Colombia ($3.99B), Dominican Republic ($3.64B), Brazil ($2.62B), and France ($2.46B).

In 2021 the top imports of Miami, Fl were Commodities not specified according to kind ($3.7B), Gold in unwrought forms non-monetary ($3.18B), Telephones for cellular networks or for... ($2.53B), Fish fillets: fresh or chilled, salmon,... ($1.46B), and Cigars, cheroots and cigarillos, containing tobacco ($1.33B).

Imports Dynamics

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Fastest Growing Import Origins (Aug 2021 - Aug 2022)

Rapidly Declining Import Origins (Aug 2021 - Aug 2022)

Economic Complexity

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Economic Complexity of Miami, Fl

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Economic Complexity (2021): 0.34

Miami, Fl ranks 18th out of the 43 districts in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

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 (0.36), Developed Exposed Photographic Material (0.35), Phenol Derivatives (0.34), Nickel Sheets (0.34), and Copper Fasteners (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 Telephones (0.82), Aircraft Parts (0.76), Tantalum (0.49), Recreational Boats (0.16), and Non-Retail Mixed Cotton Yarn (-0.43). 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 (27.2), Non-Retail Synthetic Staple Fibers Yarn (16.7), Non-Retail Pure Cotton Yarn (15.7), Tantalum (11.6), and Non-Retail Mixed Cotton Yarn (10.9).

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 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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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. Bubble size corresponds to exports value by year 2020.