Colorado

State in United States

2019
Economic
Complexity
: 0.31, Rank 26 of 53

Jan 2021
Trade
Exports | Imports
: $652M | $1.11B, 35 of 54 | 32 of 54

Jan 2021
Country
Destination | Origin
: Mexico | Canada , $113M  | $299M

Jan 2021
Product
Exports | Imports
: Integrated Circuits | Crude Petroleum , $64.1M  | $168M

Overview: This page contains the latest international trade data for Colorado, including export and import data.

Exports: In 2020, United States' Colorado exported $8.28B, making it the 34th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Colorado were Bovine cuts boneless, fresh or chilled ($531M), Spacecraft: (including satellites) and suborbital and... ($509M), Electronic integrated circuits: n.e.c. in heading... ($453M), Instruments, appliances for medical, etc science,... ($313M), and Aircraft parts nes ($276M).

Imports: In 2020, United States' Colorado imported $12B, making it the 32nd largest importer out of the 53 importers in United States. In 2020 top imports of Colorado were Petroleum oils, oils from bituminous minerals,... ($1.58B), Electronic integrated circuits: n.e.c. in heading... ($527M), Instruments, appliances for medical, etc science,... ($335M), Communication apparatus (excluding telephone sets or... ($333M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($332M).

Economic Complexity: In 2019, the highest complexity exports of Colorado according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.96), Other Measuring Instruments (1.86), Other Esters (1.85), and Iron Fasteners (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Colorado's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $1.28B

Top Product (2020): Bovine cuts boneless, fresh or chilled, $531M

In 2020 the top export destinations of Colorado were Canada ($1.28B), Mexico ($1.05B), Malaysia ($609M), South Korea ($525M), and China ($524M).

In 2020 the top exports of Colorado were Bovine cuts boneless, fresh or chilled ($531M), Spacecraft: (including satellites) and suborbital and... ($509M), Electronic integrated circuits: n.e.c. in heading... ($453M), Instruments, appliances for medical, etc science,... ($313M), and Aircraft parts nes ($276M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Canada, $2.93B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $1.58B

In 2020 the top import origins of Colorado were Canada ($2.93B), China ($1.68B), Mexico ($1.24B), Switzerland ($844M), and Taiwan ($616M).

In 2020 the top imports of Colorado were Petroleum oils, oils from bituminous minerals,... ($1.58B), Electronic integrated circuits: n.e.c. in heading... ($527M), Instruments, appliances for medical, etc science,... ($335M), Communication apparatus (excluding telephone sets or... ($333M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($332M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Colorado ranks 26th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Colorado already has a comparative advantage, are led by Non-optical Microscopes (0.26), X-Ray Equipment (0.26), Breathing Appliances (0.25), Blood, antisera, vaccines, toxins and cultures (0.25), and Halides (0.25).

Most Complex Products by PCI

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The highest complexity exports of Colorado according to the product complexity index (PCI) are Photographic Chemicals (2.16), Photographic Film (1.96), Other Measuring Instruments (1.86), Other Esters (1.85), and Iron Fasteners (1.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Photographic Paper (90.6), Photographic Film (85.9), Friction Material (70.4), Buckwheat (69.6), and Molybdenum Ore (64.8).

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 Colorado 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.

Relatedness Space

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

Diversification Frontier

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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.