AlaskaState in United States
2022 Economic Complexity : -1.37, Rank 52 of 52
Mar 2023 Trade Exports | Imports: $513M | $257M, 40 of 54 | 49 of 54
Mar 2023 Country Destination | Origin: China | South Korea , $125M | $131M
Mar 2023 Product Exports | Imports: Fish meat, excluding fillets, whether or not minced:... | Light petroleum distillates nes , $84.4M | $137M
Overview This page contains the latest international trade data for Alaska. In March 2023 Alaska was the number 40 in total exports and the number 48 in total imports in United States.
Exports In 2022, United States' Alaska exported $5.58B, making it the 40th largest exporter out of the 53 exporters in United States. In 2022 the top exports of Alaska were Zinc ores and concentrates ($1.45B), Gold in unwrought forms non-monetary ($636M), Fish meat, excluding fillets, whether or... ($371M), Lead ores and concentrates ($362M), and Fish: frozen, n.e.c. in heading 0303,... ($283M).
Imports In 2022, United States' Alaska imported $3.75B, making it the 48th largest importer out of the 53 importers in United States. In 2022 top imports of Alaska were Light petroleum distillates nes ($1.89B), Parts and accessories of data processing... ($413M), Communication apparatus (excluding telephone sets or... ($156M), Petroleum spirit for motor vehicles ($134M), and Copper ores and concentrates ($122M).
Economic Complexity In 2022, the highest complexity exports of Alaska according to the product complexity index (PCI) are Fish Fillets (-1.33), Animal Meal and Pellets (-1.38), Lead Ore (-1.41), Zinc Ore (-1.49), Fish oil (-1.62), Rough Wood (-1.65), Non-fillet Frozen Fish (-1.74), Precious Metal Ore (-1.77), Copper Ore (-1.94), and Gold (-2.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
March, 2023
Overview In March 2023 Alaska exported $513M and imported $257M, resulting in a positive trade balance of $256M. Between March 2022 and March 2023 the exports of Alaska have increased by $25.4M (5.21%) from $488M to $513M, while imports decreased by $-57.9M (-18.4%) from $315M to $257M.
Trade In March 2023, the top exports of Alaska were Fish Fillets ($136M), Non-fillet Frozen Fish ($107M), Crude Petroleum ($84.2M), Gold ($59M), and Copper Ore ($32.4M). In March 2023 the top imports of Alaska were Refined Petroleum ($143M), Telephones ($16.2M), Copper Ore ($16M), Iron Pipes ($12.9M), and Machinery Having Individual Functions ($11.8M).
Destinations In March 2023, Alaska exported mostly to China ($125M), South Korea ($124M), Japan ($87M), Netherlands ($48.2M), and Switzerland ($30.6M), and imported mostly from South Korea ($131M), Canada ($68.3M), Thailand ($16.3M), Mexico ($13.8M), and Malaysia ($4.29M).
Growth In March 2023, the increase in Alaska's year-by-year exports was explained primarily by an increase in exports to Thailand ($5.7M or 2.07k%), Taiwan ($2.49M or 56%), and Switzerland ($1.68M or 14.8%), and product exports increase in Non-fillet Frozen Fish ($10.8M or 293%), Refined Petroleum ($3.29M or 96.1%), and Molluscs ($493k or 651%). In March 2023, the decrease in Alaska's year-by-year imports was explained primarily by an decrease in imports from Thailand ($-8.89M or -59.8%), China ($-3.67M or -40.9%), and Taiwan ($-2.4M or -41.3%), and product imports decrease in Telephones ($-12.6M or -75.3%), Blank Audio Media ($-8.62M or -81.7%), and Integrated Circuits ($-7.43M or -71.2%).
EXPORT GROWTH (March 2022 - March 2023): $25.4M, (5.21%)
IMPORT GROWTH (March 2022 - March 2023): $-57.9M, (-18.4%)
This section shows exports and imports data at subnational level for Alaska. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Alaska over time.
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Top Destination (2022): China, $1.09B
Top Product (2022): Zinc ores and concentrates, $1.45B
In 2022 the top export destinations of Alaska were China ($1.09B), Japan ($893M), Canada ($824M), South Korea ($781M), and Australia ($430M).
In 2022 the top exports of Alaska were Zinc ores and concentrates ($1.45B), Gold in unwrought forms non-monetary ($636M), Fish meat, excluding fillets, whether or... ($371M), Lead ores and concentrates ($362M), and Fish: frozen, n.e.c. in heading 0303,... ($283M).
Fastest Growing Exports Destination (Mar 2022 - Mar 2023)
Rapidly Declining Export Origins (Mar 2022 - Mar 2023)
Top Origin (2022): South Korea, $1.17B
Top Import (2022): Light petroleum distillates nes, $1.89B
In 2022 the top import origins of Alaska were South Korea ($1.17B), Canada ($1.02B), Japan ($451M), Vietnam ($411M), and Thailand ($160M).
In 2022 the top imports of Alaska were Light petroleum distillates nes ($1.89B), Parts and accessories of data processing... ($413M), Communication apparatus (excluding telephone sets or... ($156M), Petroleum spirit for motor vehicles ($134M), and Copper ores and concentrates ($122M).
Economic Complexity (2022): -1.37
Alaska ranks 52nd 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.
The top export opportunities according to the relatedness level, without considering those products were Alaska already has a comparative advantage, are led by Processed Crustaceans (0.041), Crude Petroleum (0.039), Sawn Wood (0.032), Raw Tobacco (0.029), and Other Processed Fruits and Nuts (0.029).
The highest complexity exports of Alaska according to the product complexity index (PCI) are Fish Fillets (-1.33), Animal Meal and Pellets (-1.38), Lead Ore (-1.41), Zinc Ore (-1.49), Fish oil (-1.62), Rough Wood (-1.65), Non-fillet Frozen Fish (-1.74), Precious Metal Ore (-1.77), Copper Ore (-1.94), and Gold (-2.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Zinc Ore (474.9), Non-fillet Frozen Fish (192.5), Lead Ore (184.1), Fish Fillets (93.4), and Precious Metal Ore (61.3).
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 Alaska 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.
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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