Colorado

State 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.

Yearly Exports

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Value
Depth
Year

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).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Value
Depth
Year

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).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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Value

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.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Colorado ranks 21st out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

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 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).

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 (2.17), 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.

Most Specialized Products by RCA Index

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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.

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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Depth
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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.