KentuckyState in United States
2019 Economic Complexity: 0.55, Rank 5 of 53
Jan 2021 Trade Exports | Imports: $2B | $4.45B, 19 of 54 | 14 of 54
Jan 2021 Country Destination | Origin: Canada | Japan , $502M | $577M
Jan 2021 Product Exports | Imports: Aircraft Parts | Blood, antisera, vaccines, toxins and cultures , $550M | $819M
Overview: This page contains the latest international trade data for Kentucky, including export and import data.
Exports: In 2020, United States' Kentucky exported $24.7B, making it the 19th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Kentucky were Aircraft parts nes ($7.72B), Blood, human or animal, antisera, other... ($1.11B), Electro-diagnostic apparatus, nes ($599M), Diesel powered trucks weighing 5-20 tonnes ($527M), and Large Sized Cars ($386M).
Imports: In 2020, United States' Kentucky imported $54.9B, making it the 14th largest importer out of the 53 importers in United States. In 2020 top imports of Kentucky were Blood, human or animal, antisera, other... ($7.64B), Commodities not specified according to kind ($6.11B), Medicaments nes, in dosage ($5.67B), Parts of turbo-jet or turbo-propeller engines ($1.91B), and Electronic integrated circuits: processors and controllers,... ($1.76B).
Economic Complexity: In 2019, the highest complexity exports of Kentucky according to the product complexity index (PCI) are Tool Plates (1.96), Metal Lathes (1.88), Cermets (1.87), Silicone (1.83), and Blank Audio Media (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Kentucky exported $2B and imported $4.45B, resulting in a negative trade balance of $2.45B. Between January 2020 and January 2021 the exports of Kentucky have decreased by $-472M (-19.1%) from $2.48B to $2B, while imports increased by $172M (4.01%) from $4.28B to $4.45B.
Trade: In January 2021, the top exports of Kentucky were Aircraft Parts ($550M), Blood, antisera, vaccines, toxins and cultures ($99M), Vehicle Parts ($86.3M), Cars ($82.8M), and Delivery Trucks ($69.7M). In January 2021 the top imports of Kentucky were Blood, antisera, vaccines, toxins and cultures ($819M), Packaged Medicaments ($545M), Commodities not elsewhere specified ($277M), Vehicle Parts ($206M), and Computers ($184M).
Destinations: In January 2021, Kentucky exported mostly to Canada ($502M), United Kingdom ($196M), China ($195M), Mexico ($178M), and Brazil ($138M), and imported mostly from Japan ($577M), China ($521M), Mexico ($519M), Ireland ($384M), and Canada ($338M).
Growth: In January 2021, the decrease in Kentucky's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-170M or -46.4%), Brazil ($-159M or -53.6%), and France ($-154M or -60.2%), and product exports decrease in Aircraft Parts ($-660M or -54.5%), Vehicle Parts ($-22.7M or -20.8%), and Delivery Trucks ($-18M or -20.5%). In January 2021, the increase in Kentucky's year-by-year imports was explained primarily by an increase in imports from Japan ($153M or 36.2%), China ($108M or 26.1%), and Singapore ($79.9M or 96.3%), and product imports increase in Blood, antisera, vaccines, toxins and cultures ($220M or 36.8%), Packaged Medicaments ($123M or 29.2%), and Video and Card Games ($93.9M or 1.2k%).
EXPORT GROWTH (January 2020 - January 2021): $-472M, (-19.1%)
IMPORT GROWTH (January 2020 - January 2021): $172M, (4.01%)
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.
This section shows the differences between Kentucky's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.
Top Destination (2020): Canada, $6.55B
Top Product (2020): Aircraft parts nes, $7.72B
In 2020 the top export destinations of Kentucky were Canada ($6.55B), United Kingdom ($2.5B), Mexico ($2.15B), France ($1.75B), and Brazil ($1.71B).
In 2020 the top exports of Kentucky were Aircraft parts nes ($7.72B), Blood, human or animal, antisera, other... ($1.11B), Electro-diagnostic apparatus, nes ($599M), Diesel powered trucks weighing 5-20 tonnes ($527M), and Large Sized Cars ($386M).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
Top Origin (2020): Mexico, $6.88B
Top Import (2020): Blood, human or animal, antisera, other..., $7.64B
In 2020 the top import origins of Kentucky were Mexico ($6.88B), Japan ($6.31B), China ($5.77B), Switzerland ($5.45B), and Ireland ($3.77B).
In 2020 the top imports of Kentucky were Blood, human or animal, antisera, other... ($7.64B), Commodities not specified according to kind ($6.11B), Medicaments nes, in dosage ($5.67B), Parts of turbo-jet or turbo-propeller engines ($1.91B), and Electronic integrated circuits: processors and controllers,... ($1.76B).
Kentucky ranks 5th out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Kentucky already has a comparative advantage, are led by Halides (0.18), Photographic Plates (0.18), Non-optical Microscopes (0.18), Photographic Chemicals (0.17), and Fork-Lifts (0.17).
The highest complexity exports of Kentucky according to the product complexity index (PCI) are Tool Plates (1.96), Metal Lathes (1.88), Cermets (1.87), Silicone (1.83), and Blank Audio Media (1.74). 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 Aircraft Parts (87.3), Wood Barrels (74.8), Blown Glass (69.5), Horses (36.9), and Military Weapons (34.3).
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.
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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