MassachusettsState in United States
Exports (2019): $26.1B, Rnk 18/53
Top Destination (2019): $2.93B, Canada
Top Export (2019): $2.12B, Gold in unwrought forms non-monetary
Imports (2019): $36.4B, Rnk 17/53
Top Origin (2019): $8.07B, Canada
Top Import (2019): $2.07B, Medicaments nes, in dosage
Economic Complexity (2019): 0.54, Rnk 4 / 53
Overview: This page contains the latest international trade data for Massachusetts, including export and import data.
Exports: In 2019, United States' Massachusetts exported $26.1B, making it the 18th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Massachusetts were Gold in unwrought forms non-monetary ($2.12B), Instruments, appliances for medical, etc science,... ($1.21B), Needles, catheters, cannulae etc, (medical) ($1.05B), Machines and apparatus of a kind... ($844M), and Filtering/purifying machinery for liquids nes ($569M).
Imports: In 2019, United States' Massachusetts imported $36.4B, making it the 17th largest importer out of the 53 importers in United States. In 2019 top imports of Massachusetts were Medicaments nes, in dosage ($2.07B), Petroleum spirit for motor vehicles ($1.64B), Commodities not specified according to kind ($1.52B), Artificial parts of the body: excluding... ($1.01B), and Instruments, appliances for medical, etc science,... ($943M).
Economic Complexity: In 2019, the highest complexity exports of Massachusetts according to the product complexity index (PCI) are Cermets (2.2), Photographic Chemicals (2.17), Machinery Having Individual Functions (2.02), Silicone (1.81), and Chemical Analysis Instruments (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Canada, $2.93B
Top Product (2019): Gold in unwrought forms non-monetary, $2.12B
In 2019 the top export destinations of Massachusetts were Canada ($2.93B), United Kingdom ($2.74B), China ($2.39B), Mexico ($1.94B), and Germany ($1.83B).
In 2019 the top exports of Massachusetts were Gold in unwrought forms non-monetary ($2.12B), Instruments, appliances for medical, etc science,... ($1.21B), Needles, catheters, cannulae etc, (medical) ($1.05B), Machines and apparatus of a kind... ($844M), and Filtering/purifying machinery for liquids nes ($569M).
Top Origin (2019): Canada, $8.07B
Top Import (2019): Medicaments nes, in dosage, $2.07B
In 2019 the top import origins of Massachusetts were Canada ($8.07B), China ($4.26B), Mexico ($3.06B), Japan ($2.73B), and Ireland ($2.23B).
In 2019 the top imports of Massachusetts were Medicaments nes, in dosage ($2.07B), Petroleum spirit for motor vehicles ($1.64B), Commodities not specified according to kind ($1.52B), Artificial parts of the body: excluding... ($1.01B), and Instruments, appliances for medical, etc science,... ($943M).
This section shows differences between total trade from Massachusetts throughout time.
This section shows forecasts for total exports and imports from Massachusetts. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Massachusetts ranks 4th 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 Massachusetts already has a comparative advantage, are led by Halides (0.3), Photo Lab Equipment (0.29), Developed Exposed Photographic Material (0.29), Photographic Film (0.29), and Petroleum Resins (0.28).
The highest complexity exports of Massachusetts according to the product complexity index (PCI) are Cermets (2.2), Photographic Chemicals (2.17), Machinery Having Individual Functions (2.02), Silicone (1.81), and Chemical Analysis Instruments (1.78). 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 Tantalum (47), Military Weapons (28.9), Tensile Testing Machines (25.3), Laboratory Glassware (20.7), and Unpackaged Medicaments (18.2).
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 Massachusetts 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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