ArizonaState in United States
2022 Economic Complexity : 0.41, Rank 14 of 52
Mar 2023 Trade Exports | Imports: $2.66B | $3.14B, 20 of 54 | 21 of 54
Mar 2023 Country Destination | Origin: Mexico | Mexico , $755M | $1.14B
Mar 2023 Product Exports | Imports: Other Aircraft parts | Commodities not specified according to kind , $550M | $211M
Overview This page contains the latest international trade data for Arizona. In March 2023 Arizona was the number 22 in total exports and the number 24 in total imports in United States.
Exports In 2022, United States' Arizona exported $27.2B, making it the 22nd largest exporter out of the 53 exporters in United States. In 2022 the top exports of Arizona were Other Aircraft parts ($3.77B), Copper ores and concentrates ($1.74B), Electronic integrated circuits: processors and controllers,... ($1.44B), Electronic integrated circuits: n.e.c. in heading... ($919M), and Natural gas in gaseous state ($731M).
Imports In 2022, United States' Arizona imported $33.1B, making it the 24th largest importer out of the 53 importers in United States. In 2022 top imports of Arizona were Commodities not specified according to kind ($2.78B), Electronic integrated circuits: processors and controllers,... ($1.17B), Tomatoes, fresh or chilled ($822M), Electronic integrated circuits: n.e.c. in heading... ($792M), and Machines and apparatus of a kind... ($749M).
Economic Complexity In 2022, the highest complexity exports of Arizona according to the product complexity index (PCI) are Aircraft Parts (0.72), Weapons Parts and Accessories (0.54), Explosive Ammunition (0.27), Military Weapons (0.17), Polishes and Creams (-0.0048), Stranded Copper Wire (-0.22), Sulfites (-0.3), Molybdenum Ore (-0.59), Lettuce (-0.66), and Forage Crops (-1.08). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
March, 2023
Overview In March 2023 Arizona exported $2.66B and imported $3.14B, resulting in a negative trade balance of $472M. Between March 2022 and March 2023 the exports of Arizona have increased by $300M (12.7%) from $2.36B to $2.66B, while imports increased by $60.2M (1.96%) from $3.08B to $3.14B.
Trade In March 2023, the top exports of Arizona were Aircraft Parts ($550M), Integrated Circuits ($222M), Copper Ore ($156M), Medical Instruments ($123M), and Semiconductor Devices ($78.8M). In March 2023 the top imports of Arizona were Commodities not elsewhere specified ($211M), Integrated Circuits ($191M), Machines and apparatus of a kind... ($151M), Other Vegetables ($149M), and Insulated Wire ($133M).
Destinations In March 2023, Arizona exported mostly to Mexico ($755M), Canada ($281M), United Kingdom ($240M), China ($124M), and France ($96.6M), and imported mostly from Mexico ($1.14B), China ($305M), Taiwan ($228M), Canada ($199M), and Japan ($178M).
Growth In March 2023, the increase in Arizona's year-by-year exports was explained primarily by an increase in exports to Malaysia ($65.8M or 130%), Brazil ($48.2M or 161%), and Japan ($42.3M or 87.6%), and product exports increase in Aircraft Parts ($144M or 95.1%), Petroleum Gas ($26.9M or 113%), and Explosive Ammunition ($19.8M or 186%). In March 2023, the increase in Arizona's year-by-year imports was explained primarily by an increase in imports from China ($102M or 40.7%), Japan ($88.2M or 126%), and Germany ($60.1M or 114%), and product imports increase in Machines and apparatus of a kind... ($117M or 433%), Integrated Circuits ($104M or 129%), and Precious Stones ($102M or 10.6k%).
EXPORT GROWTH (March 2022 - March 2023): $300M, (12.7%)
IMPORT GROWTH (March 2022 - March 2023): $60.2M, (1.96%)
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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Top Destination (2022): Mexico, $8.74B
Top Product (2022): Other Aircraft parts , $3.77B
In 2022 the top export destinations of Arizona were Mexico ($8.74B), Canada ($2.55B), China ($1.49B), Netherlands ($1.14B), and Malaysia ($960M).
In 2022 the top exports of Arizona were Other Aircraft parts ($3.77B), Copper ores and concentrates ($1.74B), Electronic integrated circuits: processors and controllers,... ($1.44B), Electronic integrated circuits: n.e.c. in heading... ($919M), and Natural gas in gaseous state ($731M).
Fastest Growing Exports Destination (Mar 2022 - Mar 2023)
Rapidly Declining Export Origins (Mar 2022 - Mar 2023)
Top Origin (2022): Mexico, $10.9B
Top Import (2022): Commodities not specified according to kind, $2.78B
In 2022 the top import origins of Arizona were Mexico ($10.9B), China ($4.3B), Canada ($2.59B), Taiwan ($2.51B), and Japan ($1.43B).
In 2022 the top imports of Arizona were Commodities not specified according to kind ($2.78B), Electronic integrated circuits: processors and controllers,... ($1.17B), Tomatoes, fresh or chilled ($822M), Electronic integrated circuits: n.e.c. in heading... ($792M), and Machines and apparatus of a kind... ($749M).
Economic Complexity (2022): 0.41
Arizona ranks 14th 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 Arizona already has a comparative advantage, are led by Non-optical Microscopes (0.22), Photo Lab Equipment (0.22), Photographic Film (0.22), Phenol Derivatives (0.21), and Photographic Chemicals (0.21).
The highest complexity exports of Arizona according to the product complexity index (PCI) are Aircraft Parts (0.72), Weapons Parts and Accessories (0.54), Explosive Ammunition (0.27), Military Weapons (0.17), Polishes and Creams (-0.0048), Stranded Copper Wire (-0.22), Sulfites (-0.3), Molybdenum Ore (-0.59), Lettuce (-0.66), and Forage Crops (-1.08). 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 Molybdenum Ore (69.3), Explosive Ammunition (42.2), Aircraft Parts (35.1), Forage Crops (34.0), and Stranded Copper Wire (27.2).
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.
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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