Connecticut

State in United States

2019
Economic
Complexity
: 0.62, Rank 1 of 53

Jan 2021
Trade
Exports | Imports
: $1.06B | $1.47B, 31 of 54 | 27 of 54

Jan 2021
Country
Destination | Origin
: Germany | Mexico , $283M  | $304M

Jan 2021
Product
Exports | Imports
: Aircraft Parts | Silver , $360M  | $168M

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

Exports: In 2020, United States' Connecticut exported $13.8B, making it the 27th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Connecticut were Aircraft parts nes ($4.22B), Machines and apparatus of heading 8486:... ($618M), Commodities not specified according to kind ($573M), Medicaments nes, in dosage ($409M), and Parts of turbo-jet or turbo-propeller engines ($167M).

Imports: In 2020, United States' Connecticut imported $18B, making it the 27th largest importer out of the 53 importers in United States. In 2020 top imports of Connecticut were Commodities not specified according to kind ($1.37B), Silver in unwrought forms ($1.31B), Fixed wing aircraft, unladen weight >... ($1.17B), Petroleum spirit for motor vehicles ($547M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($453M).

Economic Complexity: In 2019, the highest complexity exports of Connecticut according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Cermets (1.87), Halides (1.86), Other Measuring Instruments (1.86), and Other Esters (1.85). 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 Connecticut'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): Germany, $2.19B

Top Product (2020): Aircraft parts nes, $4.22B

In 2020 the top export destinations of Connecticut were Germany ($2.19B), Canada ($1.67B), United Kingdom ($1.15B), China ($1.1B), and France ($894M).

In 2020 the top exports of Connecticut were Aircraft parts nes ($4.22B), Machines and apparatus of heading 8486:... ($618M), Commodities not specified according to kind ($573M), Medicaments nes, in dosage ($409M), and Parts of turbo-jet or turbo-propeller engines ($167M).

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, $4.03B

Top Import (2020): Commodities not specified according to kind, $1.37B

In 2020 the top import origins of Connecticut were Canada ($4.03B), Mexico ($2.95B), China ($1.61B), United Kingdom ($1.5B), and Germany ($1.15B).

In 2020 the top imports of Connecticut were Commodities not specified according to kind ($1.37B), Silver in unwrought forms ($1.31B), Fixed wing aircraft, unladen weight >... ($1.17B), Petroleum spirit for motor vehicles ($547M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($453M).

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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Connecticut ranks 1st 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 Connecticut already has a comparative advantage, are led by Non-optical Microscopes (0.25), Photographic Film (0.24), Metalworking Transfer Machines (0.24), Photo Lab Equipment (0.24), and Silicone (0.24).

Most Complex Products by PCI

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The highest complexity exports of Connecticut according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Cermets (1.87), Halides (1.86), Other Measuring Instruments (1.86), and Other Esters (1.85). 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 Aircraft Parts (75.4), Military Weapons (58.3), Aluminium Gas Containers (16.9), Carbonates (15.9), and Nickel Sheets (15.8).

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 Connecticut 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  Connecticut. These are products that tend to be co-exported with the products that Connecticut 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.