Overview This page contains the latest international trade data for North Carolina. In December 2022 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), Units of automatic data processing machines:... ($2.81B), Medicaments nes, in dosage ($2.02B), Immunological products packings for retail sale ($1.52B), and Automatic data processing machines: portable, weighing... ($1.48B).

Economic Complexity In 2020, the highest complexity exports of North Carolina according to the product complexity index (PCI) are Glass Working Machines (1.53), Nickel Bars (0.88), Explosive Ammunition (0.3), Other Precious Metal Products (0.077), 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 (2022): Canada, $7.47B

Top Product (2022): Immunological products packings for retail sale, $4.63B

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).

Exports Dynamics

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Fastest Growing Exports Destination (Dec 2021 - Dec 2022)

Rapidly Declining Export Origins (Dec 2021 - Dec 2022)

Yearly Imports

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Top Origin (2022): Mexico, $10.5B

Top Import (2022): Commodities not specified according to kind, $3.11B

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), Units of automatic data processing machines:... ($2.81B), Medicaments nes, in dosage ($2.02B), Immunological products packings for retail sale ($1.52B), and Automatic data processing machines: portable, weighing... ($1.48B).

Imports Dynamics

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Fastest Growing Import Origins (Dec 2021 - Dec 2022)

Rapidly Declining Import Origins (Dec 2021 - Dec 2022)

Economic Complexity

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Economic Complexity of North Carolina

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Economic Complexity (2022): 0.33

North Carolina ranks 20th 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

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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), Nickel Sheets (0.32), Planes, Helicopters, and/or Spacecraft (0.31), X-Ray Equipment (0.31), and Photographic Chemicals (0.31).

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), Nickel Bars (0.88), Explosive Ammunition (0.3), Other Precious Metal Products (0.077), 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 (73.1), Quartz (48.8), Sand (47.7), Nickel Bars (45.7), and Non-Retail Synthetic Staple Fibers Yarn (40.7).

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.