CaliforniaState in United States
2020 Economic Complexity : 0.15, Rank 41 of 52
May 2022 Trade Exports | Imports: $16.2B | $44.1B, 2 of 54 | 1 of 54
May 2022 Country Destination | Origin: Mexico | China , $2.71B | $12.1B
May 2022 Product Exports | Imports: Other Aircraft parts | Petroleum oils, oils from bituminous minerals, crude , $589M | $2.53B
Overview This page contains the latest international trade data for California. In N/A California was the number 2 in total exports and the number 1 in total imports in United States.
Exports In 2021, United States' California exported $175B, making it the 2nd largest exporter out of the 53 exporters in United States. In 2021 the top exports of California were N/A.
Imports In 2021, United States' California imported $471B, making it the 1st largest importer out of the 53 importers in United States. In 2021 top imports of California were N/A.
Economic Complexity In 2020, the highest complexity exports of California according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Laboratory Reagents (1.11), Audio and Video Recording Accessories (0.81), Rare-Earth Metal Compounds (0.73), and Borates (0.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2021): Mexico, $27.2B
Top Product (2021): N/A, N/A
In 2021 the top export destinations of California were Mexico ($27.2B), Canada ($17.9B), China ($16.7B), Japan ($11.9B), and South Korea ($11.6B).
In 2021 the top exports of California were N/A.
Top Origin (2021): N/A, N/A
Top Import (2021): N/A, N/A
In 2021 the top import origins of California were N/A.
In 2021 the top imports of California were N/A.
Economic Complexity (2021): 0.15
California ranks 41st 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 California already has a comparative advantage, are led by Photographic Film (0.29), Photo Lab Equipment (0.29), Phenol Derivatives (0.29), Horses (0.28), and Blown Glass (0.28).
The highest complexity exports of California according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Laboratory Reagents (1.11), Audio and Video Recording Accessories (0.81), Rare-Earth Metal Compounds (0.73), and Borates (0.34). 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 Other Nuts (40.7), Borates (34.1), Forage Crops (23.5), Rare-Earth Metal Compounds (21.1), and Audio and Video Recording Accessories (15.5).
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 California 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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