Oklahoma

State 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.

Comparison in Time

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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.

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Yearly Exports

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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).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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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).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Oklahoma ranks 11th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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

Diversification Frontier

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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.