Connecticut

State in United States

Exports (2019): $16.3B, Rnk 27/53

Top Destination (2019): $2.54B, Germany

Top Export (2019): $6.09B, Aircraft parts nes

Imports (2019): $20B, Rnk 27/53

Top Origin (2019): $4.28B, Canada

Top Import (2019): $2.01B, Commodities not specified according to kind

Economic Complexity (2019): 0.54, Rnk 5 / 53

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

Exports: In 2019, United States' Connecticut exported $16.3B, making it the 27th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Connecticut were Aircraft parts nes ($6.09B), Commodities not specified according to kind ($774M), Machines and apparatus of heading 8486:... ($490M), Parts of turbo-jet or turbo-propeller engines ($238M), and Medicaments nes, in dosage ($169M).

Imports: In 2019, United States' Connecticut imported $20B, making it the 27th largest importer out of the 53 importers in United States. In 2019 top imports of Connecticut were Commodities not specified according to kind ($2.01B), Silver in unwrought forms ($1.14B), Fixed wing aircraft, unladen weight >... ($1.04B), Petroleum spirit for motor vehicles ($987M), and Copper cathodes and sections of cathodes... ($859M).

Economic Complexity: In 2019, the highest complexity exports of Connecticut according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Cermets (2.2), Non-Mechanical Removal Machinery (2.04), Chemical Analysis Instruments (1.78), and Halides (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Germany, $2.54B

Top Product (2019): Aircraft parts nes, $6.09B

In 2019 the top export destinations of Connecticut were Germany ($2.54B), Canada ($1.95B), France ($1.86B), United Kingdom ($1.45B), and China ($1.26B).

In 2019 the top exports of Connecticut were Aircraft parts nes ($6.09B), Commodities not specified according to kind ($774M), Machines and apparatus of heading 8486:... ($490M), Parts of turbo-jet or turbo-propeller engines ($238M), and Medicaments nes, in dosage ($169M).

Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Year

Top Origin (2019): Canada, $4.28B

Top Import (2019): Commodities not specified according to kind, $2.01B

In 2019 the top import origins of Connecticut were Canada ($4.28B), Mexico ($2.95B), China ($1.97B), Germany ($1.33B), and United Kingdom ($1.22B).

In 2019 the top imports of Connecticut were Commodities not specified according to kind ($2.01B), Silver in unwrought forms ($1.14B), Fixed wing aircraft, unladen weight >... ($1.04B), Petroleum spirit for motor vehicles ($987M), and Copper cathodes and sections of cathodes... ($859M).

Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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This section shows differences between total trade from Connecticut throughout time.

This section shows forecasts for total exports and imports from Connecticut. 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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Connecticut ranks 5th 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 Connecticut already has a comparative advantage, are led by Non-optical Microscopes (0.24), Fork-Lifts (0.24), Metalworking Transfer Machines (0.24), Photographic Film (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 (2.52), Cermets (2.2), Non-Mechanical Removal Machinery (2.04), Chemical Analysis Instruments (1.78), and Halides (1.74). 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 (73.2), Military Weapons (66), Carbonates (16.3), Scent Sprays (16), and Nickel Sheets (15.9).

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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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.