Nevada

State 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.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

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.

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

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).

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

#permalink to section
Value
Depth

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).

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

#permalink to section

Economic Complexity of United States

#permalink to section

Nevada ranks 39th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

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).

Most Complex Products by PCI

#permalink to section

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.

Most Specialized Products by RCA Index

#permalink to section

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.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Nevada. These are products that tend to be co-exported with the products that Nevada exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.