Portland, Me

District in Maine, State of United States

2019
Economic
Complexity
: 0.15, Rank 30 of 39

Jan 2021
Trade
Exports | Imports
: $345M | $1.14B, 33 of 43 | 33 of 42

Jan 2021
Country
Destination | Origin
: Canada | Canada , $192M  | $606M

Jan 2021
Product
Exports | Imports
: Aircraft Parts | Commodities not elsewhere specified , $85.5M  | $323M

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

Exports: In 2020, United States' Portland, Me exported $3.92B, making it the 34th largest exporter out of the 43 exporters in United States. In 2020 the top exports of Portland, Me were Aircraft parts nes ($951M), Crustaceans; live, fresh or chilled, lobsters... ($210M), Natural gas in gaseous state ($167M), Aerials and aerial reflectors ($82.4M), and Chem wood pulp, soda/sulphate, non-conifer, bleached ($73M).

Imports: In 2020, United States' Portland, Me imported $11.6B, making it the 34th largest importer out of the 43 importers in United States. In 2020 top imports of Portland, Me were Medicaments nes, in dosage ($2.14B), Light petroleum distillates nes ($938M), Petroleum spirit for motor vehicles ($731M), Commodities not specified according to kind ($601M), and Crabs, frozen ($569M).

Economic Complexity: In 2019, the highest complexity exports of Portland, Me according to the product complexity index (PCI) are Cermets (1.87), Metalworking Machines (1.82), Chemical Analysis Instruments (1.7), Papermaking Machines (1.68), and Fork-Lifts (1.67). 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 Portland, ME'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): Canada, $2.42B

Top Product (2020): Aircraft parts nes, $951M

In 2020 the top export destinations of Portland, Me were Canada ($2.42B), United Kingdom ($152M), Norway ($120M), Netherlands ($114M), and France ($111M).

In 2020 the top exports of Portland, Me were Aircraft parts nes ($951M), Crustaceans; live, fresh or chilled, lobsters... ($210M), Natural gas in gaseous state ($167M), Aerials and aerial reflectors ($82.4M), and Chem wood pulp, soda/sulphate, non-conifer, bleached ($73M).

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): Canada, $7.08B

Top Import (2020): Medicaments nes, in dosage, $2.14B

In 2020 the top import origins of Portland, Me were Canada ($7.08B), Ireland ($1.85B), Israel ($603M), France ($555M), and Iceland ($169M).

In 2020 the top imports of Portland, Me were Medicaments nes, in dosage ($2.14B), Light petroleum distillates nes ($938M), Petroleum spirit for motor vehicles ($731M), Commodities not specified according to kind ($601M), and Crabs, frozen ($569M).

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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Portland, Me ranks 30th 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 Portland, Me already has a comparative advantage, are led by Insulating Glass (0.22), Traffic Signals (0.22), Whey (0.22), Malt (0.22), and Newspapers (0.22).

Most Complex Products by PCI

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The highest complexity exports of Portland, Me according to the product complexity index (PCI) are Cermets (1.87), Metalworking Machines (1.82), Chemical Analysis Instruments (1.7), Papermaking Machines (1.68), and Fork-Lifts (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 Military Weapons (205), Pig and Poultry Fat (118), Weapons Parts and Accessories (87.1), Navigation Equipment (57.2), and Compounded Unvulcanised Rubber (45.8).

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 Portland, Me 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  Portland, Me. These are products that tend to be co-exported with the products that Portland, Me 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.