OklahomaState in United States
Exports (2019): $6.04B, Rnk 38/53
Top Destination (2019): $1.57B, Canada
Top Export (2019): $660M, Aircraft parts nes
Imports (2019): $11.7B, Rnk 33/53
Top Origin (2019): $4.91B, Canada
Top Import (2019): $3.59B, Petroleum oils, oils from bituminous minerals,...
Economic Complexity (2019): 0.48, Rnk 7 / 53
Overview: This page contains the latest international trade data for Oklahoma, including export and import data.
Exports: In 2019, United States' Oklahoma exported $6.04B, making it the 38th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Oklahoma were Aircraft parts nes ($660M), Supported catalysts, precious metal based ($321M), Diesel powered buses ($145M), Communication apparatus (excluding telephone sets or... ($129M), and Heat exchange units, non-domestic, non-electric ($111M).
Imports: In 2019, United States' Oklahoma imported $11.7B, making it the 33rd largest importer out of the 53 importers in United States. In 2019 top imports of Oklahoma were Petroleum oils, oils from bituminous minerals,... ($3.59B), Commodities not specified according to kind ($616M), Turbo-jet engines of a thrust >... ($338M), Parts of pumps for liquids ($301M), and Semiconductor media: solid-state non-volatile storage devices,... ($176M).
Economic Complexity: In 2019, the highest complexity exports of Oklahoma according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Photographic Film (1.89), Chemical Analysis Instruments (1.78), Halides (1.74), and Fork-Lifts (1.71). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Canada, $1.57B
Top Product (2019): Aircraft parts nes, $660M
In 2019 the top export destinations of Oklahoma were Canada ($1.57B), Mexico ($820M), Germany ($568M), Japan ($286M), and Netherlands ($258M).
In 2019 the top exports of Oklahoma were Aircraft parts nes ($660M), Supported catalysts, precious metal based ($321M), Diesel powered buses ($145M), Communication apparatus (excluding telephone sets or... ($129M), and Heat exchange units, non-domestic, non-electric ($111M).
Fastest Growing Exports Destination (July 2019 - July 2020)
Top Origin (2019): Canada, $4.91B
Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $3.59B
In 2019 the top import origins of Oklahoma were Canada ($4.91B), China ($2.66B), Mexico ($696M), Germany ($334M), and Japan ($303M).
In 2019 the top imports of Oklahoma were Petroleum oils, oils from bituminous minerals,... ($3.59B), Commodities not specified according to kind ($616M), Turbo-jet engines of a thrust >... ($338M), Parts of pumps for liquids ($301M), and Semiconductor media: solid-state non-volatile storage devices,... ($176M).
Fastest Growing Import Origins (July 2019 - July 2020)
This section shows differences between total trade from Oklahoma throughout time.
This section shows forecasts for total exports and imports from Oklahoma. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Oklahoma ranks 7th 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), Iron Springs (0.23), Electric Furnaces (0.23), and Non-optical Microscopes (0.23).
The highest complexity exports of Oklahoma according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Photographic Film (1.89), Chemical Analysis Instruments (1.78), Halides (1.74), and Fork-Lifts (1.71). 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 (63.5), Reaction and Catalytic Products (50.8), Industrial Furnaces (50), Liquid Fuel Furnaces (48.4), and Waxes (28).
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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