IdahoState in United States
2020 Economic Complexity : 0.014, Rank 44 of 52
May 2021 Trade Exports | Imports: $326M | $634M, 45 of 54 | 41 of 54
May 2021 Country Destination | Origin: Canada | Taiwan , $126M | $263M
May 2021 Product Exports | Imports: Photosensitive/photovoltaic/LED semiconductor devices | Parts and accessories of data processing equipment ne..., $28.2M | $255M
Overview: This page contains the latest international trade data for Idaho, including export and import data.
Exports: In 2020, United States' Idaho exported $3.4B, making it the 44th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Idaho were Photosensitive/photovoltaic/LED semiconductor devices ($265M), Articles of, or clad with, precious... ($205M), Photographic plates and film; exposed and... ($185M), Silver semi-manufactured including gold/platinum plat ($143M), and Parts & accessories, electrical measuring instruments ($137M).
Imports: In 2020, United States' Idaho imported $5.5B, making it the 40th largest importer out of the 53 importers in United States. In 2020 top imports of Idaho were Parts and accessories of data processing... ($1.48B), Electronic integrated circuits: memories ($512M), Semiconductor media: solid-state non-volatile storage devices,... ($476M), Commodities not specified according to kind ($277M), and Articles of, or clad with, precious... ($166M).
Economic Complexity: In 2019, the highest complexity exports of Idaho according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Silicone (1.83), Oscilloscopes (1.77), Blank Audio Media (1.74), and X-Ray Equipment (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In May 2021 Idaho exported $326M and imported $634M, resulting in a negative trade balance of $308M. Between May 2020 and May 2021 the exports of Idaho have increased by $72.4M (28.5%) from $254M to $326M, while imports increased by $39.4M (6.63%) from $594M to $634M.
Trade: In May 2021, the top exports of Idaho were Semiconductor Devices ($30.9M), Developed Exposed Photographic Material ($18.6M), Other Precious Metal Products ($18.4M), Silver ($16M), and Lead Ore ($14.7M). In May 2021 the top imports of Idaho were Office Machine Parts ($255M), Particle Board ($33.8M), Blank Audio Media ($27.5M), Commodities not elsewhere specified ($26.8M), and Nitrogenous Fertilizers ($21.9M).
Destinations: In May 2021, Idaho exported mostly to Canada ($126M), Taiwan ($33.8M), Mexico ($26.5M), Singapore ($18.2M), and Japan ($17.2M), and imported mostly from Taiwan ($263M), Canada ($150M), China ($32.4M), Malaysia ($27.3M), and Singapore ($24.9M).
Growth: In May 2021, the increase in Idaho's year-by-year exports was explained primarily by an increase in exports to Canada ($31.2M or 33%), Mexico ($17.1M or 182%), and Malaysia ($6.13M or 60.6%), and product exports increase in Lead Ore ($9.82M or 200%), Concentrated Milk ($7.31M or 414%), and Semiconductor Devices ($6.08M or 24.5%). In May 2021, the increase in Idaho's year-by-year imports was explained primarily by an increase in imports from Taiwan ($131M or 99.7%), Canada ($69.5M or 86.4%), and Indonesia ($19.5M or 3.01k%), and product imports increase in Office Machine Parts ($94.4M or 58.7%), Particle Board ($29.3M or 661%), and Nitrogenous Fertilizers ($19.7M or 857%).
EXPORT GROWTH (May 2020 - May 2021): $72.4M, (28.5%)
IMPORT GROWTH (May 2020 - May 2021): $39.4M, (6.63%)
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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Top Destination (2020): Canada, $1.18B
Top Product (2020): Photosensitive/photovoltaic/LED semiconductor devices, $265M
In 2020 the top export destinations of Idaho were Canada ($1.18B), Taiwan ($414M), Singapore ($332M), Mexico ($224M), and Japan ($201M).
In 2020 the top exports of Idaho were Photosensitive/photovoltaic/LED semiconductor devices ($265M), Articles of, or clad with, precious... ($205M), Photographic plates and film; exposed and... ($185M), Silver semi-manufactured including gold/platinum plat ($143M), and Parts & accessories, electrical measuring instruments ($137M).
Top Origin (2020): Canada, $1.2B
Top Import (2020): Parts and accessories of data processing..., $1.48B
In 2020 the top import origins of Idaho were Canada ($1.2B), Taiwan ($1.15B), Malaysia ($750M), Singapore ($695M), and China ($531M).
In 2020 the top imports of Idaho were Parts and accessories of data processing... ($1.48B), Electronic integrated circuits: memories ($512M), Semiconductor media: solid-state non-volatile storage devices,... ($476M), Commodities not specified according to kind ($277M), and Articles of, or clad with, precious... ($166M).
Economic Complexity (2020): 0.014
Idaho ranks 44th 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.
The top export opportunities according to the relatedness level, without considering those products were Idaho already has a comparative advantage, are led by Bovine Meat (0.16), Soybeans (0.16), Casein (0.16), Orthopedic Appliances (0.16), and Other Prepared Meat (0.16).
The highest complexity exports of Idaho according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Silicone (1.83), Oscilloscopes (1.77), Blank Audio Media (1.74), and X-Ray Equipment (1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Developed Exposed Photographic Material (616), Other Precious Metal Products (337), Potato Flours (316), Water Soluble Proteins (126), and Malt (91.2).
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 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.
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.
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