ColoradoState in United States
Exports (2019): $8.08B, Rnk 34/53
Top Destination (2019): $1.44B, Canada
Top Export (2019): $475M, Bovine cuts boneless, fresh or chilled
Imports (2019): $13.1B, Rnk 31/53
Top Origin (2019): $3.74B, Canada
Top Import (2019): $2.24B, Petroleum oils, oils from bituminous minerals,...
Economic Complexity (2019): 0.32, Rnk 21 / 53
Overview: This page contains the latest international trade data for Colorado, including export and import data.
Exports: In 2019, United States' Colorado exported $8.08B, making it the 34th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Colorado were Bovine cuts boneless, fresh or chilled ($475M), Electronic integrated circuits: n.e.c. in heading... ($425M), Instruments, appliances for medical, etc science,... ($300M), Aircraft parts nes ($287M), and Bovine cuts boneless, frozen ($244M).
Imports: In 2019, United States' Colorado imported $13.1B, making it the 31st largest importer out of the 53 importers in United States. In 2019 top imports of Colorado were Petroleum oils, oils from bituminous minerals,... ($2.24B), Commodities not specified according to kind ($426M), Units of automatic data processing machines:... ($400M), Instruments, appliances for medical, etc science,... ($374M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($365M).
Economic Complexity: In 2019, the highest complexity exports of Colorado according to the product complexity index (PCI) are Photographic Chemicals (2.17), Non-Mechanical Removal Machinery (2.04), Photographic Film (1.89), Chemical Analysis Instruments (1.78), and Photographic Plates (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Canada, $1.44B
Top Product (2019): Bovine cuts boneless, fresh or chilled, $475M
In 2019 the top export destinations of Colorado were Canada ($1.44B), Mexico ($1.07B), South Korea ($542M), China ($525M), and Malaysia ($468M).
In 2019 the top exports of Colorado were Bovine cuts boneless, fresh or chilled ($475M), Electronic integrated circuits: n.e.c. in heading... ($425M), Instruments, appliances for medical, etc science,... ($300M), Aircraft parts nes ($287M), and Bovine cuts boneless, frozen ($244M).
Top Origin (2019): Canada, $3.74B
Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $2.24B
In 2019 the top import origins of Colorado were Canada ($3.74B), China ($1.76B), Mexico ($1.52B), Switzerland ($925M), and Germany ($612M).
In 2019 the top imports of Colorado were Petroleum oils, oils from bituminous minerals,... ($2.24B), Commodities not specified according to kind ($426M), Units of automatic data processing machines:... ($400M), Instruments, appliances for medical, etc science,... ($374M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($365M).
This section shows differences between total trade from Colorado throughout time.
This section shows forecasts for total exports and imports from Colorado. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Colorado ranks 21st out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Colorado already has a comparative advantage, are led by Photo Lab Equipment (0.26), Non-optical Microscopes (0.25), X-Ray Equipment (0.25), Breathing Appliances (0.25), and Blood, antisera, vaccines, toxins and cultures (0.25).
The highest complexity exports of Colorado according to the product complexity index (PCI) are Photographic Chemicals (2.17), Non-Mechanical Removal Machinery (2.04), Photographic Film (1.89), Chemical Analysis Instruments (1.78), and Photographic Plates (1.67). 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 Equine and Bovine Hides (92.2), Photographic Paper (82), Photographic Film (77.5), Molybdenum Ore (75.3), and Buckwheat (69).
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.
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.
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