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State in United States

2023
Economic
Complexity 0.53Rank 4 of 52
Oct 2024
Trade
Exports | Imports $4.03B | $9.13B14 of 54 | 12 of 54
Oct 2024
Country
Destination | Origin Canada | Japan $668M  | $997M

About

Overview This page contains the latest international trade data for Kentucky. In October 2024 Kentucky was the number 15 in total exports and the number 14 in total imports in United States.

Exports In 2023, United States' Kentucky exported $34.4B, making it the 15th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Kentucky were Other Aircraft parts ($13.3B), Antisera and other blood fractions ($1.69B), Medicaments in Dosage (n.e.s.) ($922M), Large Sized Cars ($892M), and Diesel Trucks 5-20 tonnes ($878M).

Imports In 2023, United States' Kentucky imported $69.6B, making it the 14th largest importer out of the 53 importers in United States. In 2023 top imports of Kentucky were Immunological Products Packings for Retail Sale ($14.7B), Medicaments in Dosage (n.e.s.) ($7.24B), Commodities not specified according to kind ($3.97B), Parts of turbo-jet or turbo-propeller engines ($3.49B), and Antisera and other blood fractions ($1.9B).

Economic Complexity In 2023, the highest complexity exports of Kentucky according to the product complexity index (PCI) are Photographic Chemicals (2.17), Blank Audio Media (1.91), Metal Lathes (1.78), Other Organo-Inorganic Compounds (1.77), Silicone (1.74), Chemical Analysis Instruments (1.63), Cermets (1.59), Transmissions (1.51), Metalworking Machine Parts (1.5), and Tool Plates (1.47). 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 Kentucky exported $4.03B and imported $9.13B, resulting in a negative trade balance of $5.1B. Between October 2023 and October 2024 the exports of Kentucky have increased by $655M (19.4%) from $3.38B to $4.03B, while imports increased by $1.75B (23.7%) from $7.38B to $9.13B.

Trade In October 2024, the top exports of Kentucky were Aircraft parts (gliders, balloons, and powered... ($1.53B), Vaccines, blood, antisera, toxins and cultures ($236M), Gas Turbines ($151M), Cars ($137M), and Delivery Trucks ($135M). In October 2024 the top imports of Kentucky were Vaccines, blood, antisera, toxins and cultures ($2.59B), Packaged Medicaments ($975M), Office Machine Parts ($616M), Gas Turbines ($415M), and Commodities not elsewhere specified ($365M).

Destinations In October 2024, Kentucky exported mostly to Canada ($668M), France ($448M), United Kingdom ($402M), Brazil ($392M), and Mexico ($377M), and imported mostly from Japan ($997M), Mexico ($934M), Ireland ($835M), China ($749M), and Netherlands ($598M).

Growth In October 2024, the increase in Kentucky's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($136M or 51%), Brazil ($134M or 52.2%), and France ($108M or 31.8%), and product exports increase in Aircraft parts (gliders, balloons, and powered... ($346M or 29.3%), Gas Turbines ($132M or 716%), and Broadcasting Equipment ($87.6M or 745%). In October 2024, the increase in Kentucky's year-by-year imports was explained primarily by an increase in imports from Ireland ($407M or 95.2%), Chinese Taipei ($395M or 196%), and Netherlands ($326M or 119%), and product imports increase in Office Machine Parts ($489M or 385%), Vaccines, blood, antisera, toxins and cultures ($410M or 18.8%), and Packaged Medicaments ($295M or 43.4%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (October 2023 - October 2024)$655M(19.4%)
IMPORT GROWTH (October 2023 - October 2024)$1.75B(23.7%)

This section shows exports and imports data at subnational level for Kentucky. 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 Kentucky over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Canada$9.13B
Top Product (2023)Other Aircraft parts $13.3B

In 2023 the top export destinations of Kentucky were Canada ($9.13B), United Kingdom ($3.84B), Mexico ($3.73B), France ($3.67B), and China ($2.86B).

In 2023 the top exports of Kentucky were Other Aircraft parts ($13.3B), Antisera and other blood fractions ($1.69B), Medicaments in Dosage (n.e.s.) ($922M), Large Sized Cars ($892M), and Diesel Trucks 5-20 tonnes ($878M).

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Exports Dynamics

Fastest Growing Exports Destination (Oct 2023 - Oct 2024)
United Kingdom $136M (51%)
Brazil $134M (52.2%)
France $108M (31.8%)
Rapidly Declining Export Origins (Oct 2023 - Oct 2024)
Canada -$47.3M (-6.61%)
Ireland -$38.4M (-59.8%)
South Korea -$8.23M (-12.4%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mexico$7.89B
Top Import (2023)Immunological Products Packings for Retail Sale$14.7B

In 2023 the top import origins of Kentucky were Mexico ($7.89B), Japan ($7.29B), China ($6.42B), Canada ($6.01B), and Singapore ($5.89B).

In 2023 the top imports of Kentucky were Immunological Products Packings for Retail Sale ($14.7B), Medicaments in Dosage (n.e.s.) ($7.24B), Commodities not specified according to kind ($3.97B), Parts of turbo-jet or turbo-propeller engines ($3.49B), and Antisera and other blood fractions ($1.9B).

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Imports Dynamics

Fastest Growing Import Origins (Oct 2023 - Oct 2024)
Ireland $407M (95.2%)
Chinese Taipei $395M (196%)
Netherlands $326M (119%)
Rapidly Declining Import Origins (Oct 2023 - Oct 2024)
Singapore -$492M (-63.9%)
Italy -$174M (-53.5%)
Germany -$149M (-27.6%)

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Economic Complexity

Economic Complexity of Kentucky

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Economic Complexity (2023)0.53

Kentucky ranks 4th 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 Kentucky already has a comparative advantage, are led by Nickel Sheets (0.2), Photo Lab Equipment (0.2), Epoxides (0.19), Photographic Film (0.19), and Precious Metal Compounds (0.19).

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Most Complex Products by PCI

The highest complexity exports of Kentucky according to the product complexity index (PCI) are Photographic Chemicals (2.17), Blank Audio Media (1.91), Metal Lathes (1.78), Other Organo-Inorganic Compounds (1.77), Silicone (1.74), Chemical Analysis Instruments (1.63), Cermets (1.59), Transmissions (1.51), Metalworking Machine Parts (1.5), and Tool Plates (1.47). 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 Wood Barrels (107.88), Aircraft parts (gliders, balloons, and powered... (104.90), Gaskets (53.20), Blown Glass (41.87), and Other Nickel Products (41.49).

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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 Kentucky 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  Kentucky. These are products that tend to be co-exported with the products that Kentucky 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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