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Overview This page contains the latest international trade data for North Carolina. In November 2023 North Carolina was the number 14 in total exports and the number 14 in total imports in United States.

Exports In 2022, United States' North Carolina exported $40.1B, making it the 14th largest exporter out of the 53 exporters in United States. In 2022 the top exports of North Carolina were Immunological products packings for retail sale ($4.63B), Antisera and other blood fractions ($1.48B), Medicaments nes, in dosage ($1.11B), Other Aircraft parts ($1.1B), and Supported catalysts, precious metal based ($789M).

Imports In 2022, United States' North Carolina imported $72B, making it the 14th largest importer out of the 53 importers in United States. In 2022 top imports of North Carolina were Commodities not specified according to kind ($3.11B), Standalone Computer Processing Units (excluding specific... ($2.81B), Medicaments nes, in dosage ($2.02B), Immunological products packings for retail sale ($1.52B), and Portable Computers under 10kg with Keyboard... ($1.48B).

Economic Complexity In 2022, the highest complexity exports of North Carolina according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.07), Metal Pickling Preparations (1.75), Lubricating Products (1.65), Hand Saws (1.65), Electric Furnaces (1.64), Fork-Lifts (1.61), Transmissions (1.53), Petroleum Resins (1.53), Knitting Machine Accessories (1.44), and Glass Working Machines (1.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)Canada$7.47B

In 2022 the top export destinations of North Carolina were Canada ($7.47B), China ($6.26B), Mexico ($5.23B), France ($1.75B), and Netherlands ($1.1B).

In 2022 the top exports of North Carolina were Immunological products packings for retail sale ($4.63B), Antisera and other blood fractions ($1.48B), Medicaments nes, in dosage ($1.11B), Other Aircraft parts ($1.1B), and Supported catalysts, precious metal based ($789M).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
China $93.5M (12.6%)
Ireland $33.3M (95.9%)
Spain $33.1M (80.8%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
Honduras -$28.9M (-31.8%)
Australia -$20.3M (-41.1%)
United Kingdom -$13.2M (-13.7%)

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Yearly Imports

Color
Depth
Top Origin (2022)Mexico$10.5B

In 2022 the top import origins of North Carolina were Mexico ($10.5B), China ($9.37B), Canada ($4.83B), Germany ($4.45B), and Netherlands ($2.84B).

In 2022 the top imports of North Carolina were Commodities not specified according to kind ($3.11B), Standalone Computer Processing Units (excluding specific... ($2.81B), Medicaments nes, in dosage ($2.02B), Immunological products packings for retail sale ($1.52B), and Portable Computers under 10kg with Keyboard... ($1.48B).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Sweden $367M (599%)
Belgium $116M (275%)
Germany $48.3M (12.9%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
Netherlands -$512M (-50.5%)
Taiwan -$80.4M (-46.9%)
Indonesia -$57.8M (-53.7%)

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Economic Complexity

Economic Complexity of North Carolina

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Economic Complexity (2022)0.35

North Carolina ranks 19th 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.

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Export Opportunities by Relatedness

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 (0.34), Nickel Sheets (0.32), Photographic Chemicals (0.32), Epoxides (0.31), and X-Ray Equipment (0.31).

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Most Complex Products by PCI

The highest complexity exports of North Carolina according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.07), Metal Pickling Preparations (1.75), Lubricating Products (1.65), Hand Saws (1.65), Electric Furnaces (1.64), Fork-Lifts (1.61), Transmissions (1.53), Petroleum Resins (1.53), Knitting Machine Accessories (1.44), and Glass Working Machines (1.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Other Precious Metal Products (52.39), Nickel Bars (47.72), Sand (47.54), Quartz (43.75), and Non-Retail Synthetic Staple Fibers Yarn (39.75).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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