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State in United States

2023
Economic
Complexity 0.092Rank 43 of 52
Oct 2024
Trade
Exports | Imports $409M | $814M42 of 54 | 39 of 54
Oct 2024
Country
Destination | Origin Canada | Malaysia $161M  | $411M

About

Overview This page contains the latest international trade data for Idaho. In October 2024 Idaho was the number 44 in total exports and the number 42 in total imports in United States.

Exports In 2023, United States' Idaho exported $4.06B, making it the 44th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Idaho were Photosensitive devices; non-LED diodes, with/without assembled... ($448M), Articles of, or clad with, precious... ($267M), Photographic plates and film; exposed and... ($202M), Monoammonium phosphate & mix with diammonium,... ($169M), and Lead ores and concentrates ($147M).

Imports In 2023, United States' Idaho imported $7.31B, making it the 42nd largest importer out of the 53 importers in United States. In 2023 top imports of Idaho were Parts & Accessories for Data Processing... ($1.3B), Memory Integrated Circuits ($782M), Solid-State Storage Semiconductor Devices ($648M), Commodities not specified according to kind ($205M), and Urea, including aqueous solution in packs... ($133M).

Economic Complexity In 2023, the highest complexity exports of Idaho according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Oscilloscopes (1.81), Silicone (1.74), Hand Saws (1.72), Cutting Blades (1.53), Knives (1.06), Semiconductor Devices (0.89), Traffic Signals (0.87), Harvesting Machinery (0.87), and Trailers and semi-trailers, not mechanically propelled... (0.83). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

October, 2024

About

Overview In October 2024 Idaho exported $409M and imported $814M, resulting in a negative trade balance of $406M. Between October 2023 and October 2024 the exports of Idaho have increased by $73.5M (21.9%) from $335M to $409M, while imports increased by $330M (68.1%) from $484M to $814M.

Trade In October 2024, the top exports of Idaho were Other Precious Metal Products ($36.4M), Semiconductor Devices ($32.7M), Developed Exposed Photographic Material ($22.3M), Lead Ore ($22.2M), and Mixed Mineral or Chemical Fertilizers ($19.3M). In October 2024 the top imports of Idaho were Office Machine Parts ($345M), Blank Audio Media ($126M), Integrated Circuits ($28.3M), Other Frozen Vegetables ($19.2M), and Commodities not elsewhere specified ($16.7M).

Destinations In October 2024, Idaho exported mostly to Canada ($161M), Chinese Taipei ($43M), Singapore ($28.8M), Mexico ($28M), and India ($17.2M), and imported mostly from Malaysia ($411M), Canada ($120M), Singapore ($73.4M), Chinese Taipei ($58.7M), and China ($28.6M).

Growth In October 2024, the increase in Idaho's year-by-year exports was explained primarily by an increase in exports to Canada ($57.9M or 56.4%), India ($15.9M or 1.22k%), and South Korea ($6.73M or 118%), and product exports increase in Other Precious Metal Products ($24.2M or 199%), Lead Ore ($17M or 327%), and Industrial Food Preperation Machinery ($11.7M or 774%). In October 2024, the increase in Idaho's year-by-year imports was explained primarily by an increase in imports from Malaysia ($257M or 167%), Singapore ($49.3M or 204%), and Chinese Taipei ($22.5M or 62.1%), and product imports increase in Office Machine Parts ($237M or 219%), Blank Audio Media ($65.5M or 108%), and Other Frozen Vegetables ($17.1M or 813%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (October 2023 - October 2024)$73.5M(21.9%)
IMPORT GROWTH (October 2023 - October 2024)$330M(68.1%)

This section shows exports and imports data at subnational level for Idaho. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Idaho over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Canada$1.49B
Top Product (2023)Photosensitive devices; non-LED diodes, with/without assembled...$448M

In 2023 the top export destinations of Idaho were Canada ($1.49B), Chinese Taipei ($504M), Mexico ($284M), Japan ($237M), and Singapore ($208M).

In 2023 the top exports of Idaho were Photosensitive devices; non-LED diodes, with/without assembled... ($448M), Articles of, or clad with, precious... ($267M), Photographic plates and film; exposed and... ($202M), Monoammonium phosphate & mix with diammonium,... ($169M), and Lead ores and concentrates ($147M).

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Exports Dynamics

Fastest Growing Exports Destination (Oct 2023 - Oct 2024)
Canada $57.9M (56.4%)
India $15.9M (1.22k%)
South Korea $6.73M (118%)
Rapidly Declining Export Origins (Oct 2023 - Oct 2024)
Malaysia -$8.01M (-36.8%)
Denmark -$5.76M (-70%)
Japan -$5.4M (-27.7%)

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Yearly Imports

Color
Depth
Top Origin (2023)Malaysia$1.84B
Top Import (2023)Parts & Accessories for Data Processing...$1.3B

In 2023 the top import origins of Idaho were Malaysia ($1.84B), Canada ($1.36B), Chinese Taipei ($823M), Singapore ($332M), and China ($290M).

In 2023 the top imports of Idaho were Parts & Accessories for Data Processing... ($1.3B), Memory Integrated Circuits ($782M), Solid-State Storage Semiconductor Devices ($648M), Commodities not specified according to kind ($205M), and Urea, including aqueous solution in packs... ($133M).

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Imports Dynamics

Fastest Growing Import Origins (Oct 2023 - Oct 2024)
Malaysia $257M (167%)
Singapore $49.3M (204%)
Chinese Taipei $22.5M (62.1%)
Rapidly Declining Import Origins (Oct 2023 - Oct 2024)
Saudi Arabia -$17.8M (-100%)
Japan -$13.4M (-55.2%)
Austria -$7.88M (-93.9%)

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Economic Complexity

Economic Complexity of Idaho

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Economic Complexity (2023)0.092

Idaho ranks 43rd out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Idaho already has a comparative advantage, are led by Bulbs and Roots (0.17), Bovine Meat (0.17), Sawn Wood (0.17), Other Prepared Meat (0.17), and Barley (0.16).

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Most Complex Products by PCI

The highest complexity exports of Idaho according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Oscilloscopes (1.81), Silicone (1.74), Hand Saws (1.72), Cutting Blades (1.53), Knives (1.06), Semiconductor Devices (0.89), Traffic Signals (0.87), Harvesting Machinery (0.87), and Trailers and semi-trailers, not mechanically propelled... (0.83). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Developed Exposed Photographic Material (592.27), Potato Flours (232.73), Other Precious Metal Products (167.71), Lead Ore (109.76), and Water Soluble Proteins (101.35).

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Product Space

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 Idaho 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.

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Relatedness Space

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

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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