North Carolina

State in United States

Exports (2019): $34.3B, Rnk 15/53

Top Destination (2019): $6.63B, Canada

Top Export (2019): $3.15B, Aircraft parts nes

Imports (2019): $59.5B, Rnk 13/53

Top Origin (2019): $9.15B, China

Top Import (2019): $2.72B, Commodities not specified according to kind

Economic Complexity (2019): 0.38, Rnk 16 / 53

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

Exports: In 2019, United States' North Carolina exported $34.3B, making it the 15th largest exporter out of the 53 exporters in United States. In 2019 the top exports of North Carolina were Aircraft parts nes ($3.15B), Blood, human or animal, antisera, other... ($1.64B), Medicaments nes, in dosage ($1.13B), Blood, human or animal, antisera, other... ($775M), and Chem wood pulp, soda or sulphate,... ($760M).

Imports: In 2019, United States' North Carolina imported $59.5B, making it the 13th largest importer out of the 53 importers in United States. In 2019 top imports of North Carolina were Commodities not specified according to kind ($2.72B), Blood, human or animal, antisera, other... ($2.47B), Parts of turbo-jet or turbo-propeller engines ($2.16B), Units of automatic data processing machines:... ($2.09B), and Automatic data processing machines: portable, weighing... ($1.38B).

Economic Complexity: In 2019, the highest complexity exports of North Carolina according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.25), Tool Plates (1.98), Metal Lathes (1.86), Halides (1.74), and Fork-Lifts (1.71). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Depth
Year

Top Destination (2019): Canada, $6.63B

Top Product (2019): Aircraft parts nes, $3.15B

In 2019 the top export destinations of North Carolina were Canada ($6.63B), Mexico ($3.78B), China ($3.25B), France ($2.63B), and Saudi Arabia ($1.93B).

In 2019 the top exports of North Carolina were Aircraft parts nes ($3.15B), Blood, human or animal, antisera, other... ($1.64B), Medicaments nes, in dosage ($1.13B), Blood, human or animal, antisera, other... ($775M), and Chem wood pulp, soda or sulphate,... ($760M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): China, $9.15B

Top Import (2019): Commodities not specified according to kind, $2.72B

In 2019 the top import origins of North Carolina were China ($9.15B), Mexico ($7.82B), Germany ($6.01B), Canada ($3.43B), and Japan ($3.12B).

In 2019 the top imports of North Carolina were Commodities not specified according to kind ($2.72B), Blood, human or animal, antisera, other... ($2.47B), Parts of turbo-jet or turbo-propeller engines ($2.16B), Units of automatic data processing machines:... ($2.09B), and Automatic data processing machines: portable, weighing... ($1.38B).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from North Carolina throughout time.

This section shows forecasts for total exports and imports from North Carolina. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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North Carolina ranks 16th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were North Carolina already has a comparative advantage, are led by Developed Exposed Photographic Material (0.33), Photographic Film (0.33), Cermets (0.33), X-Ray Equipment (0.33), and Chemical Analysis Instruments (0.32).

Most Complex Products by PCI

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The highest complexity exports of North Carolina according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.25), Tool Plates (1.98), Metal Lathes (1.86), Halides (1.74), and Fork-Lifts (1.71). 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 Explosive Ammunition (53.4), Nickel Bars (52.3), Glass Working Machines (47.4), Sand (35.1), and Micro-Organism Culture Preparations (32).

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 North Carolina 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  North Carolina. These are products that tend to be co-exported with the products that North Carolina 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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Depth
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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.