OregonState in United States
2020 Economic Complexity : 0.16, Rank 40 of 52
Oct 2022 Trade Exports | Imports: $3.14B | $2.37B, 17 of 54 | 25 of 54
Oct 2022 Country Destination | Origin: China | Japan , $810M | $501M
Oct 2022 Product Exports | Imports: Electronic integrated circuits: processors and controllers, whether or... | Machines and apparatus of a kind used solely..., $791M | $191M
Overview This page contains the latest international trade data for Oregon. In October 2022 Oregon was the number 18 in total exports and the number 26 in total imports in United States.
Exports In 2021, United States' Oregon exported $29.6B, making it the 18th largest exporter out of the 53 exporters in United States. In 2021 the top exports of Oregon were Electronic integrated circuits: processors and controllers,... ($11.5B), Machines and apparatus of a kind... ($2.3B), Cereals: wheat and meslin, other than... ($989M), Potassium chloride, in packs >10 kg ($755M), and Truck tractors ($649M).
Imports In 2021, United States' Oregon imported $22.7B, making it the 26th largest importer out of the 53 importers in United States. In 2021 top imports of Oregon were Electronic integrated circuits: processors and controllers,... ($2.17B), Commodities not specified according to kind ($1.37B), Machines and apparatus of a kind... ($902M), Machines and apparatus of heading 8486:... ($853M), and Large Sized Cars ($836M).
Economic Complexity In 2020, the highest complexity exports of Oregon according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Photographic Film (1.78), Potato Flours (0.76), Insulating Glass (0.75), and Asphalt (-0.099). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
October, 2022
Overview In October 2022 Oregon exported $3.14B and imported $2.37B, resulting in a positive trade balance of $778M. Between October 2021 and October 2022 the exports of Oregon have increased by $482M (18.1%) from $2.66B to $3.14B, while imports increased by $453M (23.7%) from $1.91B to $2.37B.
Trade In October 2022, the top exports of Oregon were Integrated Circuits ($876M), Machines and apparatus of a kind... ($337M), Motor vehicles; parts and accessories (8701... ($246M), Combustion Engines ($173M), and Potassic Fertilizers ($152M). In October 2022 the top imports of Oregon were Cars ($348M), Machines and apparatus of a kind... ($277M), Integrated Circuits ($214M), Potassic Fertilizers ($147M), and Commodities not elsewhere specified ($71.6M).
Destinations In October 2022, Oregon exported mostly to China ($810M), Mexico ($575M), Canada ($259M), Ireland ($200M), and Japan ($173M), and imported mostly from Japan ($501M), Canada ($460M), China ($239M), South Korea ($220M), and Ireland ($134M).
Growth In October 2022, the increase in Oregon's year-by-year exports was explained primarily by an increase in exports to China ($231M or 40.4%), South Korea ($36.4M or 25.2%), and Indonesia ($35.9M or 167%), and product exports increase in Integrated Circuits ($173M or 24.4%), Machines and apparatus of a kind... ($95.9M or 52.1%), and Wheat ($91.2M or 173%). In October 2022, the increase in Oregon's year-by-year imports was explained primarily by an increase in imports from Malaysia ($77.5M or 214%), Mexico ($47.2M or 74.3%), and Canada ($41.9M or 18.7%), and product imports increase in Integrated Circuits ($97M or 128%), Computers ($91.3M or 431%), and Nitrogen Heterocyclic Compounds ($30.4M or 3.8k%).
EXPORT GROWTH (October 2021 - October 2022): $482M, (18.1%)
IMPORT GROWTH (October 2021 - October 2022): $453M, (23.7%)
This section shows exports and imports data at subnational level for Oregon. 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 Oregon over time.
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Top Destination (2021): China, $10.6B
Top Product (2021): Electronic integrated circuits: processors and controllers,..., $11.5B
In 2021 the top export destinations of Oregon were China ($10.6B), Canada ($3.25B), Malaysia ($2.23B), South Korea ($1.63B), and Japan ($1.53B).
In 2021 the top exports of Oregon were Electronic integrated circuits: processors and controllers,... ($11.5B), Machines and apparatus of a kind... ($2.3B), Cereals: wheat and meslin, other than... ($989M), Potassium chloride, in packs >10 kg ($755M), and Truck tractors ($649M).
Top Origin (2021): Canada, $4.3B
Top Import (2021): Electronic integrated circuits: processors and controllers,..., $2.17B
In 2021 the top import origins of Oregon were Canada ($4.3B), South Korea ($2.73B), China ($2.45B), Japan ($2.13B), and Ireland ($1.96B).
In 2021 the top imports of Oregon were Electronic integrated circuits: processors and controllers,... ($2.17B), Commodities not specified according to kind ($1.37B), Machines and apparatus of a kind... ($902M), Machines and apparatus of heading 8486:... ($853M), and Large Sized Cars ($836M).
Economic Complexity (2021): 0.16
Oregon ranks 40th 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.
The top export opportunities according to the relatedness level, without considering those products were Oregon already has a comparative advantage, are led by Halides (0.15), X-Ray Equipment (0.15), Shaped Wood (0.14), Raw Furskins (0.14), and Compasses (0.14).
The highest complexity exports of Oregon according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Photographic Film (1.78), Potato Flours (0.76), Insulating Glass (0.75), and Asphalt (-0.099). 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 Photographic Film (107.7), Developed Exposed Photographic Material (68.6), Forage Crops (40.3), Potassic Fertilizers (28.5), and Potato Flours (24.2).
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 Oregon 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. Bubble size corresponds to exports value by year 2020.
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