OklahomaState in United States
2019 Economic Complexity: 0.47, Rank 11 of 53
Jan 2021 Trade Exports | Imports: $460M | $1.07B, 38 of 54 | 33 of 54
Jan 2021 Country Destination | Origin: Canada | Canada , $104M | $535M
Jan 2021 Product Exports | Imports: Aircraft Parts | Crude Petroleum , $52.5M | $448M
Overview: This page contains the latest international trade data for Oklahoma, including export and import data.
Exports: In 2020, United States' Oklahoma exported $5.33B, making it the 37th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Oklahoma were Aircraft parts nes ($474M), Diesel powered buses ($162M), Precious metal compounds except gold, silver,... ($145M), Swine cuts, frozen nes ($126M), and Swine cuts, fresh or chilled, nes ($104M).
Imports: In 2020, United States' Oklahoma imported $10.8B, making it the 33rd largest importer out of the 53 importers in United States. In 2020 top imports of Oklahoma were Petroleum oils, oils from bituminous minerals,... ($3.14B), Commodities not specified according to kind ($580M), Turbo-jet engines of a thrust >... ($385M), Automatic data processing machines: portable, weighing... ($294M), and Articles for Christmas festivities ($181M).
Economic Complexity: In 2019, the highest complexity exports of Oklahoma according to the product complexity index (PCI) are Photographic Film (1.96), Machinery Having Individual Functions (1.93), Halides (1.86), Other Measuring Instruments (1.86), and Metalworking Machines (1.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Oklahoma exported $460M and imported $1.07B, resulting in a negative trade balance of $607M. Between January 2020 and January 2021 the exports of Oklahoma have increased by $12.1M (2.71%) from $448M to $460M, while imports decreased by $-5.13M (-0.48%) from $1.07B to $1.07B.
Trade: In January 2021, the top exports of Oklahoma were Aircraft Parts ($52.5M), Precious Metal Compounds ($42.2M), Platinum ($25.6M), Pig Meat ($19.4M), and Electric Motor Parts ($16.2M). In January 2021 the top imports of Oklahoma were Crude Petroleum ($448M), Commodities not elsewhere specified ($28.8M), Gas Turbines ($19.2M), Other Printed Material ($18.7M), and Liquid Pumps ($18.1M).
Destinations: In January 2021, Oklahoma exported mostly to Canada ($104M), Germany ($82.6M), Mexico ($37.9M), Japan ($28.5M), and South Africa ($26M), and imported mostly from Canada ($535M), China ($228M), Mexico ($61.9M), India ($22.1M), and Italy ($20.8M).
Growth: In January 2021, the increase in Oklahoma's year-by-year exports was explained primarily by an increase in exports to Germany ($27.5M or 50%), Switzerland ($13.1M or 3.53k%), and Egypt ($12.3M or 2.62k%), and product exports increase in Precious Metal Compounds ($36.1M or 593%), Electric Motor Parts ($10.4M or 177%), and Aircraft Parts ($5.79M or 12.4%). In January 2021, the decrease in Oklahoma's year-by-year imports was explained primarily by an decrease in imports from Germany ($-102M or -85.5%), Japan ($-8.58M or -50.1%), and France ($-7.19M or -44.2%), and product imports decrease in Gas Turbines ($-37.4M or -66%), Commodities not elsewhere specified ($-24M or -45.4%), and Lifting Machinery ($-11.7M or -86.7%).
EXPORT GROWTH (January 2020 - January 2021): $12.1M, (2.71%)
IMPORT GROWTH (January 2020 - January 2021): $-5.13M, (-0.48%)
This section shows exports and imports data at subnational level for Oklahoma. 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 Oklahoma over time.
This section shows the differences between Oklahoma's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.
Top Destination (2020): Canada, $1.45B
Top Product (2020): Aircraft parts nes, $474M
In 2020 the top export destinations of Oklahoma were Canada ($1.45B), Mexico ($501M), Germany ($463M), Japan ($257M), and Netherlands ($229M).
In 2020 the top exports of Oklahoma were Aircraft parts nes ($474M), Diesel powered buses ($162M), Precious metal compounds except gold, silver,... ($145M), Swine cuts, frozen nes ($126M), and Swine cuts, fresh or chilled, nes ($104M).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
Top Origin (2020): Canada, $4.35B
Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $3.14B
In 2020 the top import origins of Oklahoma were Canada ($4.35B), China ($2.35B), Mexico ($749M), Germany ($469M), and Japan ($246M).
In 2020 the top imports of Oklahoma were Petroleum oils, oils from bituminous minerals,... ($3.14B), Commodities not specified according to kind ($580M), Turbo-jet engines of a thrust >... ($385M), Automatic data processing machines: portable, weighing... ($294M), and Articles for Christmas festivities ($181M).
Oklahoma ranks 11th 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 Oklahoma already has a comparative advantage, are led by Spark-Ignition Engines (0.23), Combustion Engines (0.23), Cutting Blades (0.23), Non-optical Microscopes (0.23), and X-Ray Equipment (0.23).
The highest complexity exports of Oklahoma according to the product complexity index (PCI) are Photographic Film (1.96), Machinery Having Individual Functions (1.93), Halides (1.86), Other Measuring Instruments (1.86), and Metalworking Machines (1.82). 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 Peptones (60.8), Unvulcanised Rubber Products (60), Industrial Furnaces (52.3), Reaction and Catalytic Products (48), and Liquid Fuel Furnaces (47.8).
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 Oklahoma 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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