Maryland

State in United States

2019
Economic
Complexity
: 0.22, Rank 31 of 53

Jan 2021
Trade
Exports | Imports
: $1.17B | $2.82B, 29 of 54 | 18 of 54

Jan 2021
Country
Destination | Origin
: Canada | Germany , $134M  | $448M

Jan 2021
Product
Exports | Imports
: Petroleum Gas | Cars , $141M  | $1.01B

Overview: This page contains the latest international trade data for Maryland, including export and import data.

Exports: In 2020, United States' Maryland exported $12.7B, making it the 29th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Maryland were Aircraft parts nes ($1.71B), Natural gas, liquefied ($1.29B), Composite diagnostic or laboratory reagents, nes ($944M), Nucleic acids and their salts, other... ($275M), and Helicopters of an unladen weight >... ($247M).

Imports: In 2020, United States' Maryland imported $30.5B, making it the 18th largest importer out of the 53 importers in United States. In 2020 top imports of Maryland were Medium Sized Cars ($7.86B), Large Sized Cars ($1.21B), Communication apparatus (excluding telephone sets or... ($1.01B), Small Sized Cars ($733M), and Composite diagnostic or laboratory reagents, nes ($489M).

Economic Complexity: In 2019, the highest complexity exports of Maryland according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Metal Finishing Machines (1.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Maryland's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $1.58B

Top Product (2020): Aircraft parts nes, $1.71B

In 2020 the top export destinations of Maryland were Canada ($1.58B), France ($1.37B), Netherlands ($1.22B), Japan ($662M), and Saudi Arabia ($653M).

In 2020 the top exports of Maryland were Aircraft parts nes ($1.71B), Natural gas, liquefied ($1.29B), Composite diagnostic or laboratory reagents, nes ($944M), Nucleic acids and their salts, other... ($275M), and Helicopters of an unladen weight >... ($247M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Germany, $3.99B

Top Import (2020): Medium Sized Cars, $7.86B

In 2020 the top import origins of Maryland were Germany ($3.99B), Mexico ($3.37B), Japan ($3.02B), China ($2.43B), and Canada ($2.36B).

In 2020 the top imports of Maryland were Medium Sized Cars ($7.86B), Large Sized Cars ($1.21B), Communication apparatus (excluding telephone sets or... ($1.01B), Small Sized Cars ($733M), and Composite diagnostic or laboratory reagents, nes ($489M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Maryland ranks 31st out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Maryland already has a comparative advantage, are led by X-Ray Equipment (0.23), Non-optical Microscopes (0.23), Developed Exposed Photographic Material (0.22), Orthopedic Appliances (0.22), and Halides (0.22).

Most Complex Products by PCI

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The highest complexity exports of Maryland according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Metal Finishing Machines (1.76). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Other Nickel Products (278), Nickel Pipes (139), Recovered Paper Pulp (86.4), Explosive Ammunition (52.5), and Micro-Organism Culture Preparations (52.2).

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 Maryland 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.

Relatedness Space

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This network shows the products most related to the production structure of  Maryland. These are products that tend to be co-exported with the products that Maryland exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.