Florida

State in United States

2019
Economic
Complexity
: 0.11, Rank 40 of 53

Jan 2021
Trade
Exports | Imports
: $3.94B | $6.77B, 9 of 54 | 10 of 54

Jan 2021
Country
Destination | Origin
: Brazil | China , $323M  | $1.04B

Jan 2021
Product
Exports | Imports
: Aircraft Parts | Cars , $398M  | $449M

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

Exports: In 2020, United States' Florida exported $45.8B, making it the 6th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Florida were Aircraft parts nes ($5.1B), Telephones for cellular networks or for... ($2.26B), Electronic integrated circuits: processors and controllers,... ($1.11B), Automatic data processing machines: portable, weighing... ($938M), and Communication apparatus (excluding telephone sets or... ($882M).

Imports: In 2020, United States' Florida imported $76.4B, making it the 10th largest importer out of the 53 importers in United States. In 2020 top imports of Florida were Commodities not specified according to kind ($4.32B), Nucleic acids and their salts, other... ($3.64B), Medium Sized Cars ($3.34B), Telephones for cellular networks or for... ($2.73B), and Gold in unwrought forms non-monetary ($2.04B).

Economic Complexity: In 2019, the highest complexity exports of Florida according to the product complexity index (PCI) are Photographic Film (1.96), Other Measuring Instruments (1.86), Iron Fasteners (1.81), Oscilloscopes (1.77), and X-Ray Equipment (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

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

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2020): Brazil, $3.54B

Top Product (2020): Aircraft parts nes, $5.1B

In 2020 the top export destinations of Florida were Brazil ($3.54B), Canada ($3.45B), Mexico ($2.64B), United Kingdom ($1.82B), and Colombia ($1.81B).

In 2020 the top exports of Florida were Aircraft parts nes ($5.1B), Telephones for cellular networks or for... ($2.26B), Electronic integrated circuits: processors and controllers,... ($1.11B), Automatic data processing machines: portable, weighing... ($938M), and Communication apparatus (excluding telephone sets or... ($882M).

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2020): China, $11.2B

Top Import (2020): Commodities not specified according to kind, $4.32B

In 2020 the top import origins of Florida were China ($11.2B), Mexico ($6.17B), Canada ($4.32B), Ireland ($3.72B), and Germany ($3.58B).

In 2020 the top imports of Florida were Commodities not specified according to kind ($4.32B), Nucleic acids and their salts, other... ($3.64B), Medium Sized Cars ($3.34B), Telephones for cellular networks or for... ($2.73B), and Gold in unwrought forms non-monetary ($2.04B).

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

#permalink to section

Economic Complexity of United States

#permalink to section

Florida ranks 40th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Florida already has a comparative advantage, are led by Non-optical Microscopes (0.32), Laboratory Reagents (0.31), Micro-Organism Culture Preparations (0.31), Animal Food (0.31), and Blood, antisera, vaccines, toxins and cultures (0.31).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Florida according to the product complexity index (PCI) are Photographic Film (1.96), Other Measuring Instruments (1.86), Iron Fasteners (1.81), Oscilloscopes (1.77), and X-Ray Equipment (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Aircraft Parts (27.6), Mixed Mineral or Chemical Fertilizers (24.1), Fairground Amusements (18), Recreational Boats (17.5), and Dissolving Grades Chemical Woodpulp (13.5).

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 Florida 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

#permalink to section

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

Diversification Frontier

#permalink to section
Depth
Filter

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.