NevadaState in United States
2019 Economic Complexity: 0.12, Rank 39 of 53
Jan 2021 Trade Exports | Imports: $937M | $1.06B, 32 of 54 | 34 of 54
Jan 2021 Country Destination | Origin: Switzerland | China , $246M | $402M
Jan 2021 Product Exports | Imports: Gold | Telephones , $249M | $131M
Overview: This page contains the latest international trade data for Nevada, including export and import data.
Exports: In 2020, United States' Nevada exported $10.3B, making it the 32nd largest exporter out of the 53 exporters in United States. In 2020 the top exports of Nevada were Gold in unwrought forms non-monetary ($2.52B), Electronic integrated circuits: processors and controllers,... ($947M), Parts and accessories of data processing... ($768M), Copper ores and concentrates ($573M), and Semiconductor media: solid-state non-volatile storage devices,... ($462M).
Imports: In 2020, United States' Nevada imported $12.9B, making it the 31st largest importer out of the 53 importers in United States. In 2020 top imports of Nevada were Electronic integrated circuits: processors and controllers,... ($1.16B), Telephones for cellular networks or for... ($981M), Electronic integrated circuits: n.e.c. in heading... ($576M), Parts of electric accumulators, including separators ($300M), and Semiconductor media: solid-state non-volatile storage devices,... ($280M).
Economic Complexity: In 2019, the highest complexity exports of Nevada according to the product complexity index (PCI) are Halides (1.86), Other Measuring Instruments (1.86), Oscilloscopes (1.77), Blank Audio Media (1.74), and Fork-Lifts (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Nevada exported $937M and imported $1.06B, resulting in a negative trade balance of $122M. Between January 2020 and January 2021 the exports of Nevada have increased by $161M (20.7%) from $777M to $937M, while imports increased by $126M (13.5%) from $933M to $1.06B.
Trade: In January 2021, the top exports of Nevada were Gold ($249M), Office Machine Parts ($113M), Integrated Circuits ($100M), Electric Motors ($59.7M), and Blank Audio Media ($40.5M). In January 2021 the top imports of Nevada were Telephones ($131M), Integrated Circuits ($89M), Electric Batteries ($74.9M), Computers ($57.5M), and Electrical Transformers ($35M).
Destinations: In January 2021, Nevada exported mostly to Switzerland ($246M), Mexico ($178M), China ($132M), Canada ($107M), and Germany ($37.7M), and imported mostly from China ($402M), Canada ($91.6M), South Korea ($78.7M), Mexico ($75.9M), and Taiwan ($58M).
Growth: In January 2021, the increase in Nevada's year-by-year exports was explained primarily by an increase in exports to Mexico ($110M or 159%), China ($53.9M or 69.3%), and Hungary ($21.4M or 206%), and product exports increase in Office Machine Parts ($79.3M or 234%), Electric Motors ($39.5M or 196%), and Integrated Circuits ($30.8M or 44.3%). In January 2021, the increase in Nevada's year-by-year imports was explained primarily by an increase in imports from China ($96.4M or 31.5%), South Korea ($35.5M or 82.1%), and Germany ($24.8M or 134%), and product imports increase in Telephones ($51.2M or 64.1%), Electric Batteries ($48M or 179%), and Computers ($24.9M or 76.3%).
EXPORT GROWTH (January 2020 - January 2021): $161M, (20.7%)
IMPORT GROWTH (January 2020 - January 2021): $126M, (13.5%)
This section shows exports and imports data at subnational level for Nevada. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Nevada over time.
This section shows the differences between Nevada's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.
Top Destination (2020): Switzerland, $2.26B
Top Product (2020): Gold in unwrought forms non-monetary, $2.52B
In 2020 the top export destinations of Nevada were Switzerland ($2.26B), Mexico ($1.65B), China ($1.42B), Canada ($1.25B), and Germany ($351M).
In 2020 the top exports of Nevada were Gold in unwrought forms non-monetary ($2.52B), Electronic integrated circuits: processors and controllers,... ($947M), Parts and accessories of data processing... ($768M), Copper ores and concentrates ($573M), and Semiconductor media: solid-state non-volatile storage devices,... ($462M).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
Top Origin (2020): China, $4.11B
Top Import (2020): Electronic integrated circuits: processors and controllers,..., $1.16B
In 2020 the top import origins of Nevada were China ($4.11B), Malaysia ($1.45B), Canada ($1.04B), Mexico ($863M), and Taiwan ($836M).
In 2020 the top imports of Nevada were Electronic integrated circuits: processors and controllers,... ($1.16B), Telephones for cellular networks or for... ($981M), Electronic integrated circuits: n.e.c. in heading... ($576M), Parts of electric accumulators, including separators ($300M), and Semiconductor media: solid-state non-volatile storage devices,... ($280M).
Nevada ranks 39th out of the 53 states and territories in United States according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Nevada already has a comparative advantage, are led by Paintings (0.12), Copper Foil (0.12), Microscopes (0.12), Industrial Printers (0.12), and Gas Turbines (0.12).
The highest complexity exports of Nevada according to the product complexity index (PCI) are Halides (1.86), Other Measuring Instruments (1.86), Oscilloscopes (1.77), Blank Audio Media (1.74), and Fork-Lifts (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Military Weapons (62), Binoculars and Telescopes (49.8), Cyanides (38.2), Video and Card Games (35.5), and Precious Metal Ore (20.9).
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 Nevada 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.
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.
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