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Overview This page contains the latest international trade data for Ohio. In December 2024 Ohio was the number 10 in total exports and the number 14 in total imports in United States.

Exports In 2024, United States' Ohio exported $56.4B, making it the 10th largest exporter out of the 53 exporters in United States. In 2024 the top exports of Ohio were Other Aircraft parts ($5.72B), Engines, spark-ignition reciprocating, over 1000 cc ($1.81B), Commodities not specified according to kind ($1.49B), Medium Sized Cars ($942M), and Parts of electric accumulators, including separators ($927M).

Imports In 2024, United States' Ohio imported $83.6B, making it the 14th largest importer out of the 53 importers in United States. In 2024 top imports of Ohio were Immunological Products Packings for Retail Sale ($4.52B), Crude Petroleum Oils ($3.83B), Commodities not specified according to kind ($3.43B), Medicaments in Dosage (n.e.s.) ($2.82B), and Other Motor Vehicle Components ($1.2B).

Economic Complexity In 2024, the highest complexity exports of Ohio according to the product complexity index (PCI) are Metalworking Transfer Machines (2.07), Metal Pickling Preparations (1.77), Fork-Lifts (1.69), Other Nickel Products (1.61), Tensile Testing Machines (1.6), Other Esters (1.57), Forging Machines (1.54), Tool Plates (1.53), Flat-Rolled Iron (1.52), and Hydrides and other anions (1.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2024)Canada$19.9B
Top Product (2024)Other Aircraft parts $5.72B

In 2024 the top export destinations of Ohio were Canada ($19.9B), Mexico ($9.56B), China ($3.03B), Japan ($1.87B), and United Kingdom ($1.84B).

In 2024 the top exports of Ohio were Other Aircraft parts ($5.72B), Engines, spark-ignition reciprocating, over 1000 cc ($1.81B), Commodities not specified according to kind ($1.49B), Medium Sized Cars ($942M), and Parts of electric accumulators, including separators ($927M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)
China $121M (52.8%)
Japan $63M (48.6%)
Australia $51.9M (81%)
Rapidly Declining Export Origins (Dec 2023 - Dec 2024)
Canada -$228M (-14.4%)
Mexico -$54.7M (-8.05%)
Malta -$39.9M (-99.8%)

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Yearly Imports

Color
Depth
Top Origin (2024)Canada$19B

In 2024 the top import origins of Ohio were Canada ($19B), Mexico ($11.5B), China ($10.2B), Germany ($7.01B), and Japan ($6.42B).

In 2024 the top imports of Ohio were Immunological Products Packings for Retail Sale ($4.52B), Crude Petroleum Oils ($3.83B), Commodities not specified according to kind ($3.43B), Medicaments in Dosage (n.e.s.) ($2.82B), and Other Motor Vehicle Components ($1.2B).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2023 - Dec 2024)
Japan $395M (123%)
South Korea $123M (91.4%)
China $95.1M (12.6%)
Rapidly Declining Import Origins (Dec 2023 - Dec 2024)
Canada -$369M (-21.6%)
Germany -$58.7M (-11.9%)
Mexico -$45.2M (-5.43%)

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Economic Complexity

Economic Complexity of Ohio

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Economic Complexity (2024)0.48

Ohio ranks 9th 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 Ohio already has a comparative advantage, are led by Developed Exposed Photographic Material (0.42), Rolling Machines (0.42), Nuclear Reactors (0.41), Machinery Having Individual Functions (0.41), and Vegetable Parchment (0.41).

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Most Complex Products by PCI

The highest complexity exports of Ohio according to the product complexity index (PCI) are Metalworking Transfer Machines (2.07), Metal Pickling Preparations (1.77), Fork-Lifts (1.69), Other Nickel Products (1.61), Tensile Testing Machines (1.6), Other Esters (1.57), Forging Machines (1.54), Tool Plates (1.53), Flat-Rolled Iron (1.52), and Hydrides and other anions (1.47). 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 Nickel Products (46.93), Glass Scraps (35.80), Titanium (31.67), Aircraft parts (gliders, balloons, and powered... (29.78), and Other Isotopes (22.32).

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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 Ohio 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  Ohio. These are products that tend to be co-exported with the products that Ohio 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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