Arizona | The Observatory of Economic Complexity

Arizona

State in United States

2023
Economic
Complexity 0.39Rank 18 of 52

Sep 2024
Trade
Exports | Imports $2.92B | $4.09B19 of 54 | 17 of 54

Sep 2024
Country
Destination | Origin Mexico | China $844M | $868M

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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Arizona. In September 2024 Arizona was the number 19 in total exports and the number 22 in total imports in United States.

Exports In 2023, United States' Arizona exported $27.2B, making it the 19th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Arizona were Other Aircraft parts ($4.97B), Copper ores and concentrates ($1.52B), Processor-Controller Integrated Circuits ($1.16B), Other Integrated Circuits (n.e.c.) ($1.03B), and Medical & Scientific Instruments (n.e.s.) ($760M).

Imports In 2023, United States' Arizona imported $33.1B, making it the 22nd largest importer out of the 53 importers in United States. In 2023 top imports of Arizona were Commodities not specified according to kind ($2.97B), Semiconductor Manufacturing Equipment ($1.29B), Processor-Controller Integrated Circuits ($1.11B), Static converters, nes ($1.01B), and Tomatoes (Fresh/Chilled) ($896M).

Economic Complexity In 2023, the highest complexity exports of Arizona according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.04), Gaskets (1.38), Gas and Liquid Flow Measuring Instruments (1.21), Electrical Power Accessories (0.98), Nickel Bars (0.93), Medical Instruments (0.86), Aluminium Gas Containers (0.85), Padlocks (0.82), Cathode Tubes (0.77), and Binoculars and Telescopes (0.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

September, 2024

About

Overview In September 2024 Arizona exported $2.92B and imported $4.09B, resulting in a negative trade balance of $1.18B. Between September 2023 and September 2024 the exports of Arizona have increased by $349M (13.6%) from $2.57B to $2.92B, while imports increased by $1.24B (43.6%) from $2.85B to $4.09B.

Trade In September 2024, the top exports of Arizona were Aircraft Parts ($443M), Integrated Circuits ($268M), Computers ($246M), Medical Instruments ($132M), and Copper Ore ($127M). In September 2024 the top imports of Arizona were Electric Batteries ($573M), Machines and apparatus of a kind... ($352M), Commodities not elsewhere specified ($329M), Integrated Circuits ($320M), and Electrical Transformers ($146M).

Destinations In September 2024, Arizona exported mostly to Mexico ($844M), Japan ($233M), Canada ($211M), China ($172M), and Netherlands ($162M), and imported mostly from China ($868M), Mexico ($741M), Chinese Taipei ($374M), Canada ($246M), and Malaysia ($210M).

Growth In September 2024, the increase in Arizona's year-by-year exports was explained primarily by an increase in exports to Mexico ($180M or 27.2%), Japan ($156M or 203%), and China ($61.2M or 55%), and product exports increase in Computers ($177M or 258%), Blank Audio Media ($88.7M or 1.91k%), and Office Machine Parts ($62.6M or 619%). In September 2024, the increase in Arizona's year-by-year imports was explained primarily by an increase in imports from China ($588M or 209%), Chinese Taipei ($187M or 99.6%), and Malaysia ($141M or 205%), and product imports increase in Electric Batteries ($512M or 839%), Integrated Circuits ($168M or 111%), and Machines and apparatus of a kind... ($128M or 57.2%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (September 2023 - September 2024)$349M(13.6%)

IMPORT GROWTH (September 2023 - September 2024)$1.24B(43.6%)

This section shows exports and imports data at subnational level for Arizona. 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 Arizona over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Mexico$8.01B

Top Product (2023)Other Aircraft parts $4.97B

In 2023 the top export destinations of Arizona were Mexico ($8.01B), Canada ($2.74B), Netherlands ($1.66B), China ($1.6B), and United Kingdom ($1.36B).

In 2023 the top exports of Arizona were Other Aircraft parts ($4.97B), Copper ores and concentrates ($1.52B), Processor-Controller Integrated Circuits ($1.16B), Other Integrated Circuits (n.e.c.) ($1.03B), and Medical & Scientific Instruments (n.e.s.) ($760M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)

Mexico $180M (27.2%)

Japan $156M (203%)

China $61.2M (55%)

Rapidly Declining Export Origins (Sep 2023 - Sep 2024)

Argentina -$109M (-95.8%)

Netherlands -$59.5M (-26.8%)

Dominican Republic -$48.6M (-97.9%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Mexico$11.8B

Top Import (2023)Commodities not specified according to kind$2.97B

In 2023 the top import origins of Arizona were Mexico ($11.8B), China ($3.9B), Canada ($2.59B), Chinese Taipei ($2.36B), and Japan ($1.66B).

In 2023 the top imports of Arizona were Commodities not specified according to kind ($2.97B), Semiconductor Manufacturing Equipment ($1.29B), Processor-Controller Integrated Circuits ($1.11B), Static converters, nes ($1.01B), and Tomatoes (Fresh/Chilled) ($896M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Sep 2023 - Sep 2024)

China $588M (209%)

Chinese Taipei $187M (99.6%)

Malaysia $141M (205%)

Rapidly Declining Import Origins (Sep 2023 - Sep 2024)

Mexico -$94.7M (-11.3%)

Netherlands -$36.8M (-30.8%)

Germany -$15.7M (-10.1%)

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Economic Complexity

Economic Complexity of Arizona

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Geomap

Treemap

Economic Complexity (2023)0.39

Arizona ranks 18th 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 Arizona already has a comparative advantage, are led by Prints (0.22), Non-optical Microscopes (0.21), Blank Audio Media (0.21), Photo Lab Equipment (0.21), and Other Precious Metal Products (0.21).

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Most Complex Products by PCI

The highest complexity exports of Arizona according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.04), Gaskets (1.38), Gas and Liquid Flow Measuring Instruments (1.21), Electrical Power Accessories (0.98), Nickel Bars (0.93), Medical Instruments (0.86), Aluminium Gas Containers (0.85), Padlocks (0.82), Cathode Tubes (0.77), and Binoculars and Telescopes (0.76). 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 Molybdenum Ore (104.96), Aircraft Parts (54.83), Explosive Ammunition (42.78), Forage Crops (30.07), and Military Weapons (25.23).

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Product Space

RCA Filter

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 Arizona 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 Arizona. These are products that tend to be co-exported with the products that Arizona 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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.