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Overview This page contains the latest international trade data for Rhode Island. In December 2023 Rhode Island was the number 46 in total exports and the number 37 in total imports in United States.

Exports In 2023, United States' Rhode Island exported $2.89B, making it the 46th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Rhode Island were Waste and scrap of precious metals:... ($362M), Jewellery and parts of precious metal... ($288M), Immunological products, unmixed, not put up... ($263M), Ferrous waste or scrap, nes ($214M), and Waste and scrap of precious metals:... ($127M).

Imports In 2023, United States' Rhode Island imported $10B, making it the 37th largest importer out of the 53 importers in United States. In 2023 top imports of Rhode Island were Medium Sized Cars ($3.69B), Petroleum spirit for motor vehicles ($1.39B), Large Sized Cars ($527M), Instruments, appliances for medical, etc science,... ($387M), and Needles, catheters, cannulae etc, (medical) ($384M).

Economic Complexity In 2023, the highest complexity exports of Rhode Island according to the product complexity index (PCI) are Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Machinery Having Individual Functions (1.93), Polymer Ion-Exchangers (1.74), Polyamides (1.6), Valves (1.49), Knitting Machine Accessories (1.45), Metal Molds (1.45), Laboratory Reagents (1.31), and Telephones (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Canada$487M

In 2023 the top export destinations of Rhode Island were Canada ($487M), Italy ($388M), Dominican Republic ($331M), Ireland ($248M), and Mexico ($220M).

In 2023 the top exports of Rhode Island were Waste and scrap of precious metals:... ($362M), Jewellery and parts of precious metal... ($288M), Immunological products, unmixed, not put up... ($263M), Ferrous waste or scrap, nes ($214M), and Waste and scrap of precious metals:... ($127M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Canada $12M (37.6%)
Ireland $10.4M (57.6%)
Turkey $7.56M (57%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Germany -$6.1M (-37.8%)
China -$5.81M (-44%)
Dominican Republic -$4.96M (-20.1%)

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Yearly Imports

Color
Depth
Top Origin (2023)Germany$1.88B
Top Import (2023)Medium Sized Cars$3.69B

In 2023 the top import origins of Rhode Island were Germany ($1.88B), Canada ($1.45B), Mexico ($1.44B), Japan ($903M), and Slovakia ($759M).

In 2023 the top imports of Rhode Island were Medium Sized Cars ($3.69B), Petroleum spirit for motor vehicles ($1.39B), Large Sized Cars ($527M), Instruments, appliances for medical, etc science,... ($387M), and Needles, catheters, cannulae etc, (medical) ($384M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Mexico $106M (110%)
Germany $34.1M (18.6%)
Qatar $22.3M (0%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
India -$29.3M (-91.9%)
Slovakia -$19.1M (-20.4%)
China -$13.3M (-25%)

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Economic Complexity

Economic Complexity of Rhode Island

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Economic Complexity (2023)0.5

Rhode Island ranks 9th out of the 53 states and territories 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.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Rhode Island already has a comparative advantage, are led by Blank Audio Media (0.19), Non-optical Microscopes (0.19), Photographic Film (0.19), Gas Turbines (0.18), and Microscopes (0.18).

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Most Complex Products by PCI

The highest complexity exports of Rhode Island according to the product complexity index (PCI) are Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Machinery Having Individual Functions (1.93), Polymer Ion-Exchangers (1.74), Polyamides (1.6), Valves (1.49), Knitting Machine Accessories (1.45), Metal Molds (1.45), Laboratory Reagents (1.31), and Telephones (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Precious Metal Scraps (127.04), Tin Bars (52.97), Flat-Rolled Stainless Steel (38.08), Precious Metal Compounds (31.33), and Twine and Rope (31.21).

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Product Space

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 Rhode Island 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.

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Relatedness Space

This network shows the products most related to the production structure of  Rhode Island. These are products that tend to be co-exported with the products that Rhode Island exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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