Overview This page contains the latest international trade data for North Carolina. In November 2022 North Carolina was the number 15 in total exports and the number 13 in total imports in United States.

Exports In 2021, United States' North Carolina exported $33.4B, making it the 15th largest exporter out of the 53 exporters in United States. In 2021 the top exports of North Carolina were Immunological products packings for retail sale ($2.48B), Medicaments nes, in dosage ($1.16B), Antisera and other blood fractions ($1.16B), Other Aircraft parts ($1.06B), and Chem wood pulp, soda or sulphate,... ($851M).

Imports In 2021, United States' North Carolina imported $73.9B, making it the 13th largest importer out of the 53 importers in United States. In 2021 top imports of North Carolina were Commodities not specified according to kind ($8.64B), Immunological products packings for retail sale ($4.03B), Medicaments nes, in dosage ($2.47B), Units of automatic data processing machines:... ($1.74B), and Automatic data processing machines: portable, weighing... ($1.43B).

Economic Complexity In 2020, the highest complexity exports of North Carolina according to the product complexity index (PCI) are Glass Working Machines (1.53), Micro-Organism Culture Preparations (1.23), Other Precious Metal Products (0.077), Soapstone (-0.23), and Non-Retail Synthetic Staple Fibers Yarn (-0.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): Canada, $6.54B

Top Product (2021): Immunological products packings for retail sale, $2.48B

In 2021 the top export destinations of North Carolina were Canada ($6.54B), Mexico ($4.56B), China ($4.08B), France ($1.38B), and Singapore ($1.01B).

In 2021 the top exports of North Carolina were Immunological products packings for retail sale ($2.48B), Medicaments nes, in dosage ($1.16B), Antisera and other blood fractions ($1.16B), Other Aircraft parts ($1.06B), and Chem wood pulp, soda or sulphate,... ($851M).

Exports Dynamics

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Fastest Growing Exports Destination (Nov 2021 - Nov 2022)

Rapidly Declining Export Origins (Nov 2021 - Nov 2022)

Yearly Imports

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Top Origin (2021): China, $9.86B

Top Import (2021): Commodities not specified according to kind, $8.64B

In 2021 the top import origins of North Carolina were China ($9.86B), Ireland ($8.79B), Mexico ($8.23B), Germany ($7.53B), and Canada ($4.44B).

In 2021 the top imports of North Carolina were Commodities not specified according to kind ($8.64B), Immunological products packings for retail sale ($4.03B), Medicaments nes, in dosage ($2.47B), Units of automatic data processing machines:... ($1.74B), and Automatic data processing machines: portable, weighing... ($1.43B).

Imports Dynamics

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Fastest Growing Import Origins (Nov 2021 - Nov 2022)

Rapidly Declining Import Origins (Nov 2021 - Nov 2022)

Economic Complexity

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Economic Complexity of North Carolina

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Economic Complexity (2021): 0.33

North Carolina ranks 23rd 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.

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 Nickel Sheets (0.31), Photographic Chemicals (0.31), Silicone (0.3), Artificial Filament Tow (0.3), and X-Ray Equipment (0.3).

Most Complex Products by PCI

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The highest complexity exports of North Carolina according to the product complexity index (PCI) are Glass Working Machines (1.53), Micro-Organism Culture Preparations (1.23), Other Precious Metal Products (0.077), Soapstone (-0.23), and Non-Retail Synthetic Staple Fibers Yarn (-0.46). 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 Precious Metal Products (92.2), Quartz (53.5), Sand (40.5), Non-Retail Synthetic Staple Fibers Yarn (39.8), and Glass Working Machines (33.8).

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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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.