Maine

State in United States

2019
Economic
Complexity
: 0.075, Rank 43 of 53

Jan 2021
Trade
Exports | Imports
: $182M | $510M, 48 of 54 | 41 of 54

Jan 2021
Country
Destination | Origin
: Canada | Canada , $86.9M  | $309M

Jan 2021
Product
Exports | Imports
: Petroleum Gas | Refined Petroleum , $21.1M  | $167M

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

Exports: In 2020, United States' Maine exported $2.33B, making it the 48th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Maine were Crustaceans; live, fresh or chilled, lobsters... ($284M), Aircraft parts nes ($284M), Natural gas in gaseous state ($182M), Electronic integrated circuits: n.e.c. in heading... ($155M), and Chem wood pulp, soda/sulphate, non-conifer, bleached ($68.9M).

Imports: In 2020, United States' Maine imported $4.75B, making it the 41st largest importer out of the 53 importers in United States. In 2020 top imports of Maine were Petroleum spirit for motor vehicles ($732M), Light petroleum distillates nes ($666M), Commodities not specified according to kind ($251M), Crustaceans; live, fresh or chilled, lobsters... ($155M), and Electrical energy ($154M).

Economic Complexity: In 2019, the highest complexity exports of Maine according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Chemical Analysis Instruments (1.7), Papermaking Machines (1.68), Vegetable Parchment (1.58), and X-Ray Equipment (1.53). 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 Maine'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, $1.23B

Top Product (2020): Crustaceans; live, fresh or chilled, lobsters..., $284M

In 2020 the top export destinations of Maine were Canada ($1.23B), China ($112M), Malaysia ($90.3M), Netherlands ($81.4M), and Japan ($60.6M).

In 2020 the top exports of Maine were Crustaceans; live, fresh or chilled, lobsters... ($284M), Aircraft parts nes ($284M), Natural gas in gaseous state ($182M), Electronic integrated circuits: n.e.c. in heading... ($155M), and Chem wood pulp, soda/sulphate, non-conifer, bleached ($68.9M).

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): Canada, $3.17B

Top Import (2020): Petroleum spirit for motor vehicles, $732M

In 2020 the top import origins of Maine were Canada ($3.17B), China ($205M), Germany ($164M), Mexico ($87.8M), and Vietnam ($82.6M).

In 2020 the top imports of Maine were Petroleum spirit for motor vehicles ($732M), Light petroleum distillates nes ($666M), Commodities not specified according to kind ($251M), Crustaceans; live, fresh or chilled, lobsters... ($155M), and Electrical energy ($154M).

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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Maine ranks 43rd 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 Maine already has a comparative advantage, are led by Scrap Lead (0.15), Newsprint (0.15), Cutting Blades (0.15), Compasses (0.15), and Video Cameras (0.15).

Most Complex Products by PCI

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The highest complexity exports of Maine according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.2), Chemical Analysis Instruments (1.7), Papermaking Machines (1.68), Vegetable Parchment (1.58), and X-Ray Equipment (1.53). 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 Crustaceans (92.9), Other Animals (69.3), Live Fish (68.6), Vegetable Saps (52.1), and Kaolin (51.6).

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