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Overview This page contains the latest international trade data for Oklahoma. In August 2024 Oklahoma was the number 38 in total exports and the number 33 in total imports in United States.

Exports In 2023, United States' Oklahoma exported $6.8B, making it the 38th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Oklahoma were Other Aircraft parts ($783M), Parts of turbo-jet or turbo-propeller engines ($395M), Precious metal compounds except gold, silver,... ($135M), Cotton, not carded or combed ($132M), and Semiconductor media: solid-state non-volatile storage devices,... ($112M).

Imports In 2023, United States' Oklahoma imported $18.8B, making it the 33rd largest importer out of the 53 importers in United States. In 2023 top imports of Oklahoma were Petroleum oils, oils from bituminous minerals,... ($7.14B), Commodities not specified according to kind ($1.43B), Turbo-jet engines of a thrust >... ($421M), Parts of pumps for liquids ($370M), and Christmas decorations ($270M).

Economic Complexity In 2023, the highest complexity exports of Oklahoma according to the product complexity index (PCI) are Precious Metal Compounds (2.07), Machinery Having Individual Functions (1.93), Blank Audio Media (1.91), Oscilloscopes (1.81), Metal Lathes (1.78), Other Organo-Inorganic Compounds (1.77), Interchangeable Tool Parts (1.76), Fork-Lifts (1.63), Chemical Analysis Instruments (1.63), and Transmissions (1.51). 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$1.86B
Top Product (2023)Other Aircraft parts$783M

In 2023 the top export destinations of Oklahoma were Canada ($1.86B), Mexico ($630M), Germany ($595M), Netherlands ($321M), and Japan ($262M).

In 2023 the top exports of Oklahoma were Other Aircraft parts ($783M), Parts of turbo-jet or turbo-propeller engines ($395M), Precious metal compounds except gold, silver,... ($135M), Cotton, not carded or combed ($132M), and Semiconductor media: solid-state non-volatile storage devices,... ($112M).

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Exports Dynamics

Fastest Growing Exports Destination (Aug 2023 - Aug 2024)
Switzerland $53.2M (3.82k%)
Brazil $30.8M (215%)
Hong Kong $17.5M (387%)
Rapidly Declining Export Origins (Aug 2023 - Aug 2024)
Belgium -$17.9M (-93.8%)
China -$14.6M (-51.3%)
Israel -$14.2M (-77%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$9.02B

In 2023 the top import origins of Oklahoma were Canada ($9.02B), China ($2.5B), Mexico ($1.13B), Germany ($516M), and India ($373M).

In 2023 the top imports of Oklahoma were Petroleum oils, oils from bituminous minerals,... ($7.14B), Commodities not specified according to kind ($1.43B), Turbo-jet engines of a thrust >... ($421M), Parts of pumps for liquids ($370M), and Christmas decorations ($270M).

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Imports Dynamics

Fastest Growing Import Origins (Aug 2023 - Aug 2024)
China $46.3M (17.9%)
Singapore $11.2M (121%)
Mexico $9.41M (9.84%)
Rapidly Declining Import Origins (Aug 2023 - Aug 2024)
Canada -$161M (-17.3%)
South Africa -$6.11M (-30.3%)
Uruguay -$5.98M (-100%)

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Economic Complexity

Economic Complexity of Oklahoma

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Economic Complexity (2023)0.5

Oklahoma ranks 8th 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 Oklahoma already has a comparative advantage, are led by Non-optical Microscopes (0.21), Additive manufacturing machines (0.2), Nickel Sheets (0.2), Cutting Blades (0.2), and Combustion Engines (0.2).

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Most Complex Products by PCI

The highest complexity exports of Oklahoma according to the product complexity index (PCI) are Precious Metal Compounds (2.07), Machinery Having Individual Functions (1.93), Blank Audio Media (1.91), Oscilloscopes (1.81), Metal Lathes (1.78), Other Organo-Inorganic Compounds (1.77), Interchangeable Tool Parts (1.76), Fork-Lifts (1.63), Chemical Analysis Instruments (1.63), and Transmissions (1.51). 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 Natural Polymers (88.30), Aircraft Launch Gear (69.25), Halogens (65.64), Liquid Fuel Furnaces (57.29), and Peptones (49.51).

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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 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.

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Relatedness Space

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.

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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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