St. Albans, Vt

District in Vermont, State of United States

2019
Economic
Complexity
: 0.27, Rank 25 of 39

Jan 2021
Trade
Exports | Imports
: $138M | $449M, 38 of 43 | 40 of 42

Jan 2021
Country
Destination | Origin
: Canada | Canada , $125M  | $403M

Jan 2021
Product
Exports | Imports
: Integrated Circuits | Planes, Helicopters, and/or Spacecraft , $31.2M  | $46.6M

Overview: This page contains the latest international trade data for St. Albans, VT, including export and import data.

Exports: In 2020, United States' St. Albans, Vt exported $1.79B, making it the 37th largest exporter out of the 43 exporters in United States. In 2020 the top exports of St. Albans, Vt were Electronic integrated circuits: processors and controllers,... ($399M), Aircraft parts nes ($188M), Electronic integrated circuits: n.e.c. in heading... ($61.3M), Paper and paperboard: multi-ply, coated with... ($45M), and Physical exercise, gymnasium and athletics equipment ($42.7M).

Imports: In 2020, United States' St. Albans, Vt imported $7.65B, making it the 37th largest importer out of the 43 importers in United States. In 2020 top imports of St. Albans, Vt were Fixed wing aircraft, unladen weight >... ($1.74B), Fixed wing aircraft, unladen weight 2,000-15,000... ($655M), Wood; coniferous species, other than of... ($271M), Electronic integrated circuits: processors and controllers,... ($253M), and Chocolate and other food preps containing... ($239M).

Economic Complexity: In 2019, the highest complexity exports of St. Albans, Vt according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Metal Lathes (1.88), Non-Mechanical Removal Machinery (1.78), Oscilloscopes (1.77), and Rubberworking Machinery (1.72). 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 St. Albans, VT'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, $1.62B

Top Product (2020): Electronic integrated circuits: processors and controllers,..., $399M

In 2020 the top export destinations of St. Albans, Vt were Canada ($1.62B), Germany ($27.8M), Netherlands ($22.5M), Djibouti ($21.6M), and United Kingdom ($14M).

In 2020 the top exports of St. Albans, Vt were Electronic integrated circuits: processors and controllers,... ($399M), Aircraft parts nes ($188M), Electronic integrated circuits: n.e.c. in heading... ($61.3M), Paper and paperboard: multi-ply, coated with... ($45M), and Physical exercise, gymnasium and athletics equipment ($42.7M).

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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Depth

Top Origin (2020): Canada, $7.09B

Top Import (2020): Fixed wing aircraft, unladen weight >..., $1.74B

In 2020 the top import origins of St. Albans, Vt were Canada ($7.09B), China ($107M), Germany ($42.4M), Italy ($36.6M), and United Kingdom ($33.9M).

In 2020 the top imports of St. Albans, Vt were Fixed wing aircraft, unladen weight >... ($1.74B), Fixed wing aircraft, unladen weight 2,000-15,000... ($655M), Wood; coniferous species, other than of... ($271M), Electronic integrated circuits: processors and controllers,... ($253M), and Chocolate and other food preps containing... ($239M).

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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St. Albans, Vt ranks 25th 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 St. Albans, Vt already has a comparative advantage, are led by Newsprint (0.2), Locomotive Parts (0.2), Cutting Blades (0.2), Stainless Steel Ingots (0.2), and Abrasive Powder (0.2).

Most Complex Products by PCI

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The highest complexity exports of St. Albans, Vt according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Metal Lathes (1.88), Non-Mechanical Removal Machinery (1.78), Oscilloscopes (1.77), and Rubberworking Machinery (1.72). 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 Synthetic Monofilament (89), Granite (40.6), Facial Tissue (30.4), Aircraft Parts (29.4), and Plaster Articles (28.6).

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 St. Albans, Vt 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  St. Albans, Vt. These are products that tend to be co-exported with the products that St. Albans, Vt 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.