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Overview This page contains the latest international trade data for Ohio. In February 2024 Ohio was the number 10 in total exports and the number 13 in total imports in United States.

Exports In 2023, United States' Ohio exported $56.4B, making it the 10th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Ohio were Other Aircraft parts ($5.07B), Engines, spark-ignition reciprocating, over 1000 cc ($1.51B), Medium Sized Cars ($1.12B), Commodities not specified according to kind ($1.01B), and Medicaments nes, in dosage ($980M).

Imports In 2023, United States' Ohio imported $83.6B, making it the 13th largest importer out of the 53 importers in United States. In 2023 top imports of Ohio were Commodities not specified according to kind ($2.9B), Petroleum oils, oils from bituminous minerals,... ($2.86B), Medicaments nes, in dosage ($2.58B), Immunological products packings for retail sale ($1.57B), and Other Motor vehicle parts ($1.05B).

Economic Complexity In 2023, the highest complexity exports of Ohio according to the product complexity index (PCI) are Other Esters (2.03), Oscilloscopes (1.81), Glass Working Machines (1.53), Cutting Blades (1.53), Other Stainless Steel Bars (1.51), Air Pumps (1.39), Liquid Pumps (1.38), Musical Instrument Parts (1.37), Drilling Machines (1.27), and Boiler Plants (1.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Canada$21.4B
Top Product (2023)Other Aircraft parts $5.07B

In 2023 the top export destinations of Ohio were Canada ($21.4B), Mexico ($8.27B), China ($2.77B), Japan ($2.09B), and Brazil ($2.04B).

In 2023 the top exports of Ohio were Other Aircraft parts ($5.07B), Engines, spark-ignition reciprocating, over 1000 cc ($1.51B), Medium Sized Cars ($1.12B), Commodities not specified according to kind ($1.01B), and Medicaments nes, in dosage ($980M).

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Exports Dynamics

Fastest Growing Exports Destination (Feb 2023 - Feb 2024)
Mexico $147M (24%)
Canada $105M (6.59%)
Brazil $61.5M (32.7%)
Rapidly Declining Export Origins (Feb 2023 - Feb 2024)
Japan -$169M (-52.8%)
United Kingdom -$106M (-42.9%)
Netherlands -$101M (-59.7%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$17.9B

In 2023 the top import origins of Ohio were Canada ($17.9B), Mexico ($11.4B), China ($9.42B), Germany ($5.85B), and Japan ($4.19B).

In 2023 the top imports of Ohio were Commodities not specified according to kind ($2.9B), Petroleum oils, oils from bituminous minerals,... ($2.86B), Medicaments nes, in dosage ($2.58B), Immunological products packings for retail sale ($1.57B), and Other Motor vehicle parts ($1.05B).

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Imports Dynamics

Fastest Growing Import Origins (Feb 2023 - Feb 2024)
Canada $418M (34.2%)
Germany $211M (47%)
China $145M (21.1%)
Rapidly Declining Import Origins (Feb 2023 - Feb 2024)
Ireland -$30.3M (-18.6%)
Indonesia -$24.4M (-20.4%)
Kazakhstan -$20.6M (-99.2%)

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Economic Complexity

Economic Complexity of Ohio

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Economic Complexity (2023)0.51

Ohio ranks 7th 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 Additive manufacturing machines (0.4), Developed Exposed Photographic Material (0.4), Non-optical Microscopes (0.39), Rolling Machines (0.39), and Vegetable Parchment (0.39).

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Most Complex Products by PCI

The highest complexity exports of Ohio according to the product complexity index (PCI) are Other Esters (2.03), Oscilloscopes (1.81), Glass Working Machines (1.53), Cutting Blades (1.53), Other Stainless Steel Bars (1.51), Air Pumps (1.39), Liquid Pumps (1.38), Musical Instrument Parts (1.37), Drilling Machines (1.27), and Boiler Plants (1.26). 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 Isotopes (37.57), Other Nickel Products (33.87), Aircraft Parts (28.91), Titanium (24.69), and Coated Metal Soldering Products (19.18).

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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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