Florida

State in United States

Exports (2019): $55.9B, Rnk 7/53

Top Destination (2019): $4.57B, Brazil

Top Export (2019): $7.72B, Aircraft parts nes

Imports (2019): $81.6B, Rnk 10/53

Top Origin (2019): $12.2B, China

Top Import (2019): $5.53B, Commodities not specified according to kind

Economic Complexity (2019): 0.18, Rnk 37 / 53

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

Exports: In 2019, United States' Florida exported $55.9B, making it the 7th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Florida were Aircraft parts nes ($7.72B), Telephones for cellular networks or for... ($2.56B), Gold in unwrought forms non-monetary ($1.26B), Commodities not specified according to kind ($1.11B), and Communication apparatus (excluding telephone sets or... ($1.1B).

Imports: In 2019, United States' Florida imported $81.6B, making it the 10th largest importer out of the 53 importers in United States. In 2019 top imports of Florida were Commodities not specified according to kind ($5.53B), Medium Sized Cars ($3.98B), Telephones for cellular networks or for... ($2.6B), Light petroleum distillates nes ($2.13B), and Nucleic acids and their salts, other... ($1.46B).

Economic Complexity: In 2019, the highest complexity exports of Florida according to the product complexity index (PCI) are Photographic Film (1.89), Wrenches (1.68), Iron Fasteners (1.66), X-Ray Equipment (1.47), and Other Measuring Instruments (1.44). 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): Brazil, $4.57B

Top Product (2019): Aircraft parts nes, $7.72B

In 2019 the top export destinations of Florida were Brazil ($4.57B), Canada ($4.34B), Mexico ($3.33B), Colombia ($2.35B), and Chile ($2.03B).

In 2019 the top exports of Florida were Aircraft parts nes ($7.72B), Telephones for cellular networks or for... ($2.56B), Gold in unwrought forms non-monetary ($1.26B), Commodities not specified according to kind ($1.11B), and Communication apparatus (excluding telephone sets or... ($1.1B).

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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Year

Top Origin (2019): China, $12.2B

Top Import (2019): Commodities not specified according to kind, $5.53B

In 2019 the top import origins of Florida were China ($12.2B), Mexico ($6.93B), Canada ($4.71B), Germany ($4.01B), and Brazil ($4B).

In 2019 the top imports of Florida were Commodities not specified according to kind ($5.53B), Medium Sized Cars ($3.98B), Telephones for cellular networks or for... ($2.6B), Light petroleum distillates nes ($2.13B), and Nucleic acids and their salts, other... ($1.46B).

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

This section shows forecasts for total exports and imports from Florida. 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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Florida ranks 37th 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 Florida already has a comparative advantage, are led by Non-optical Microscopes (0.31), Photographic Paper (0.31), Laboratory Reagents (0.3), Water Soluble Proteins (0.3), and Blood, antisera, vaccines, toxins and cultures (0.3).

Most Complex Products by PCI

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The highest complexity exports of Florida according to the product complexity index (PCI) are Photographic Film (1.89), Wrenches (1.68), Iron Fasteners (1.66), X-Ray Equipment (1.47), and Other Measuring Instruments (1.44). 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 (26.8), Mixed Mineral or Chemical Fertilizers (24.5), Fairground Amusements (20), Recreational Boats (18.2), and Polyamides (13.2).

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

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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

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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.