KentuckyState in United States
2020 Economic Complexity : 0.47, Rank 7 of 52
Nov 2022 Trade Exports | Imports: $2.9B | $6.11B, 17 of 54 | 15 of 54
Nov 2022 Country Destination | Origin: Canada | Japan , $692M | $667M
Nov 2022 Product Exports | Imports: Other Aircraft parts | Immunological products packings for retail sale , $929M | $1.05B
Overview This page contains the latest international trade data for Kentucky. In November 2022 Kentucky was the number 19 in total exports and the number 14 in total imports in United States.
Exports In 2021, United States' Kentucky exported $29.5B, making it the 19th largest exporter out of the 53 exporters in United States. In 2021 the top exports of Kentucky were Other Aircraft parts ($7.86B), Vaccines, human use ($974M), Antisera and other blood fractions ($957M), Diesel Trucks 5-20 tonnes ($645M), and Large Sized Cars ($573M).
Imports In 2021, United States' Kentucky imported $68B, making it the 14th largest importer out of the 53 importers in United States. In 2021 top imports of Kentucky were Immunological products packings for retail sale ($9.51B), Commodities not specified according to kind ($6.18B), Medicaments nes, in dosage ($5.82B), Electronic integrated circuits: processors and controllers,... ($5.29B), and Other games: video game consoles and... ($1.89B).
Economic Complexity In 2020, the highest complexity exports of Kentucky according to the product complexity index (PCI) are Silicone (1.81), Tool Plates (1.69), Gaskets (1.36), Other Organo-Inorganic Compounds (1.31), and Blown Glass (1.29). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
November, 2022
Overview In November 2022 Kentucky exported $2.9B and imported $6.11B, resulting in a negative trade balance of $3.2B. Between November 2021 and November 2022 the exports of Kentucky have decreased by $-29.4M (-1%) from $2.93B to $2.9B, while imports increased by $150M (2.52%) from $5.96B to $6.11B.
Trade In November 2022, the top exports of Kentucky were Aircraft Parts ($929M), Vaccines, blood, antisera, toxins and cultures ($227M), Delivery Trucks ($128M), Motor vehicles; parts and accessories (8701... ($100M), and Cars ($99M). In November 2022 the top imports of Kentucky were Vaccines, blood, antisera, toxins and cultures ($1.58B), Packaged Medicaments ($499M), Gas Turbines ($237M), Motor vehicles; parts and accessories (8701... ($237M), and Commodities not elsewhere specified ($208M).
Destinations In November 2022, Kentucky exported mostly to Canada ($692M), United Kingdom ($306M), Mexico ($302M), China ($225M), and Brazil ($181M), and imported mostly from Japan ($667M), Ireland ($638M), Mexico ($624M), China ($503M), and Canada ($405M).
Growth In November 2022, the decrease in Kentucky's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-170M or -46.4%), Brazil ($-159M or -53.6%), and France ($-150M or -59.6%), and product exports decrease in Aircraft Parts ($-659M or -54.5%), Motor vehicles; parts and accessories (8701... ($-22.9M or -21%), and Delivery Trucks ($-18M or -20.5%). In November 2022, the increase in Kentucky's year-by-year imports was explained primarily by an increase in imports from Japan ($154M or 36.3%), China ($110M or 26.7%), and Singapore ($79.9M or 96.2%), and product imports increase in Vaccines, blood, antisera, 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 (November 2021 - November 2022): $-29.4M, (-1%)
IMPORT GROWTH (November 2021 - November 2022): $150M, (2.52%)
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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Top Destination (2021): Canada, $8.2B
Top Product (2021): Other Aircraft parts , $7.86B
In 2021 the top export destinations of Kentucky were Canada ($8.2B), Mexico ($2.78B), United Kingdom ($2.58B), China ($2.38B), and France ($1.88B).
In 2021 the top exports of Kentucky were Other Aircraft parts ($7.86B), Vaccines, human use ($974M), Antisera and other blood fractions ($957M), Diesel Trucks 5-20 tonnes ($645M), and Large Sized Cars ($573M).
Top Origin (2021): Japan, $7.72B
Top Import (2021): Immunological products packings for retail sale, $9.51B
In 2021 the top import origins of Kentucky were Japan ($7.72B), China ($7.7B), Mexico ($7.15B), Malaysia ($5.61B), and Switzerland ($4.74B).
In 2021 the top imports of Kentucky were Immunological products packings for retail sale ($9.51B), Commodities not specified according to kind ($6.18B), Medicaments nes, in dosage ($5.82B), Electronic integrated circuits: processors and controllers,... ($5.29B), and Other games: video game consoles and... ($1.89B).
Fastest Growing Import Origins (Nov 2021 - Nov 2022)
Rapidly Declining Import Origins (Nov 2021 - Nov 2022)
Economic Complexity (2021): 0.47
Kentucky ranks 7th 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 Kentucky already has a comparative advantage, are led by Nickel Sheets (0.21), Halides (0.2), Photographic Chemicals (0.2), Photo Lab Equipment (0.2), and Developed Exposed Photographic Material (0.2).
The highest complexity exports of Kentucky according to the product complexity index (PCI) are Silicone (1.81), Tool Plates (1.69), Gaskets (1.36), Other Organo-Inorganic Compounds (1.31), and Blown Glass (1.29). 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 Blown Glass (78.4), Wood Barrels (67.1), Aircraft Parts (57.4), Gaskets (53.7), and Other Nickel Products (35.7).
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. Bubble size corresponds to exports value by year 2020.
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