PennsylvaniaState in United States
2022 Economic Complexity : 0.45, Rank 8 of 52
Mar 2023 Trade Exports | Imports: $4.84B | $10.1B, 11 of 54 | 9 of 54
Mar 2023 Country Destination | Origin: Canada | Canada , $1.24B | $1.21B
Mar 2023 Product Exports | Imports: Medicaments nes, in dosage | Medicaments nes, in dosage , $281M | $1.24B
Overview This page contains the latest international trade data for Pennsylvania. In March 2023 Pennsylvania was the number 10 in total exports and the number 9 in total imports in United States.
Exports In 2022, United States' Pennsylvania exported $49.5B, making it the 10th largest exporter out of the 53 exporters in United States. In 2022 the top exports of Pennsylvania were Medicaments nes, in dosage ($2.56B), Propane, liquefied ($2.34B), Vaccines for human medicine ($1.43B), Bituminous coal, not agglomerated ($1.16B), and Saturated acyclic hydrocarbons ($851M).
Imports In 2022, United States' Pennsylvania imported $111B, making it the 9th largest importer out of the 53 importers in United States. In 2022 top imports of Pennsylvania were Medicaments nes, in dosage ($10.7B), Petroleum oils, oils from bituminous minerals,... ($5.16B), Smartphones ($4.77B), Immunological products packings for retail sale ($4.44B), and Automatic data processing machines: portable, weighing... ($3.67B).
Economic Complexity In 2022, the highest complexity exports of Pennsylvania according to the product complexity index (PCI) are Hydrides and other anions (1.72), Halides (1.7), Nickel Sheets (1.44), Precious Metal Compounds (1.1), Nickel Bars (1.03), Opto-Electric Instrument Parts (1), Titanium (0.51), String Instruments (0.24), Tar (0.041), and Petroleum Jelly (-0.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
March, 2023
Overview In March 2023 Pennsylvania exported $4.84B and imported $10.1B, resulting in a negative trade balance of $5.24B. Between March 2022 and March 2023 the exports of Pennsylvania have decreased by $-112M (-2.26%) from $4.95B to $4.84B, while imports increased by $1.01B (11.2%) from $9.06B to $10.1B.
Trade In March 2023, the top exports of Pennsylvania were Vaccines, blood, antisera, toxins and cultures ($311M), Packaged Medicaments ($300M), Coal Briquettes ($288M), Petroleum Gas ($231M), and Telephones ($167M). In March 2023 the top imports of Pennsylvania were Packaged Medicaments ($1.37B), Vaccines, blood, antisera, toxins and cultures ($968M), Telephones ($678M), Cars ($675M), and Crude Petroleum ($477M).
Destinations In March 2023, Pennsylvania exported mostly to Canada ($1.24B), Mexico ($509M), Netherlands ($345M), China ($289M), and Germany ($239M), and imported mostly from Canada ($1.21B), China ($1.15B), South Korea ($798M), Mexico ($677M), and Germany ($664M).
Growth In March 2023, the decrease in Pennsylvania's year-by-year exports was explained primarily by an decrease in exports to China ($-97.9M or -33.4%), Turkey ($-40.8M or -60.4%), and Italy ($-39.2M or -45.2%), and product exports decrease in Liquid Pumps ($-106M or -86.7%), Opto-Electric Instrument Parts ($-38.9M or -79.7%), and Packaged Medicaments ($-35.4M or -22.7%). In March 2023, the increase in Pennsylvania's year-by-year imports was explained primarily by an increase in imports from India ($205M or 133%), Canada ($173M or 20.4%), and China ($171M or 12.5%), and product imports increase in Crude Petroleum ($255M or 206%), Vaccines, blood, antisera, toxins and cultures ($110M or 21.5%), and Semi-Finished Iron ($106M or 17.7k%).
EXPORT GROWTH (March 2022 - March 2023): $-112M, (-2.26%)
IMPORT GROWTH (March 2022 - March 2023): $1.01B, (11.2%)
This section shows exports and imports data at subnational level for Pennsylvania. 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 Pennsylvania over time.
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Top Destination (2022): Canada, $13.7B
Top Product (2022): Medicaments nes, in dosage, $2.56B
In 2022 the top export destinations of Pennsylvania were Canada ($13.7B), Mexico ($5.25B), Netherlands ($3.23B), China ($2.84B), and Germany ($2.33B).
In 2022 the top exports of Pennsylvania were Medicaments nes, in dosage ($2.56B), Propane, liquefied ($2.34B), Vaccines for human medicine ($1.43B), Bituminous coal, not agglomerated ($1.16B), and Saturated acyclic hydrocarbons ($851M).
Top Origin (2022): China, $19.9B
Top Import (2022): Medicaments nes, in dosage, $10.7B
In 2022 the top import origins of Pennsylvania were China ($19.9B), Canada ($14.2B), Mexico ($6.83B), Germany ($6.77B), and South Korea ($6.54B).
In 2022 the top imports of Pennsylvania were Medicaments nes, in dosage ($10.7B), Petroleum oils, oils from bituminous minerals,... ($5.16B), Smartphones ($4.77B), Immunological products packings for retail sale ($4.44B), and Automatic data processing machines: portable, weighing... ($3.67B).
Economic Complexity (2022): 0.45
Pennsylvania 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.
The top export opportunities according to the relatedness level, without considering those products were Pennsylvania already has a comparative advantage, are led by Developed Exposed Photographic Material (0.44), Cutting Blades (0.41), Epoxides (0.41), Machinery Having Individual Functions (0.41), and Photo Lab Equipment (0.41).
The highest complexity exports of Pennsylvania according to the product complexity index (PCI) are Hydrides and other anions (1.72), Halides (1.7), Nickel Sheets (1.44), Precious Metal Compounds (1.1), Nickel Bars (1.03), Opto-Electric Instrument Parts (1), Titanium (0.51), String Instruments (0.24), Tar (0.041), and Petroleum Jelly (-0.23). 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 Nickel Bars (38.5), Opto-Electric Instrument Parts (36.0), Nickel Sheets (35.0), Tar (29.0), and Precious Metal Compounds (23.1).
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 Pennsylvania 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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