Puerto Rico

State in United States

2019
Economic
Complexity
: 0.38, Rank 16 of 53

Jan 2021
Trade
Exports | Imports
: $1.22B | $1.35B, 28 of 54 | 31 of 54

Jan 2021
Country
Destination | Origin
: Netherlands | Ireland , $318M  | $369M

Jan 2021
Product
Exports | Imports
: Packaged Medicaments | Nitrogen Heterocyclic Compounds , $417M  | $251M

Overview: This page contains the latest international trade data for Puerto Rico, including export and import data.

Exports: In 2020, United States' Puerto Rico exported $16.8B, making it the 25th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Puerto Rico were Medicaments nes, in dosage ($6.41B), Blood, human or animal, antisera, other... ($4.27B), Polypeptide hormones, protein hormones and glycoprotein... ($641M), Heterocyclic compounds with unfused pyridine ring,nes ($403M), and Orthopaedic appliances, nes ($392M).

Imports: In 2020, United States' Puerto Rico imported $21.2B, making it the 24th largest importer out of the 53 importers in United States. In 2020 top imports of Puerto Rico were Hetercyclic compounds with pyrimidine ring nes ($3.2B), Lactams other than 6-hexanelactam ($3.16B), Sulphonamides; n.e.c. in heading no. 2935 ($2.86B), Light petroleum distillates nes ($1.28B), and Petroleum spirit for motor vehicles ($848M).

Economic Complexity: In 2019, the highest complexity exports of Puerto Rico according to the product complexity index (PCI) are Hydrides and other anions (1.33), Industrial Printers (1.31), Nucleic Acids (1.27), Sulfonamides (1.21), and Micro-Organism Culture Preparations (1.19). 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 Puerto Rico'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): Netherlands, $2.89B

Top Product (2020): Medicaments nes, in dosage, $6.41B

In 2020 the top export destinations of Puerto Rico were Netherlands ($2.89B), Italy ($1.82B), Japan ($1.7B), Germany ($1.4B), and Belgium ($1.4B).

In 2020 the top exports of Puerto Rico were Medicaments nes, in dosage ($6.41B), Blood, human or animal, antisera, other... ($4.27B), Polypeptide hormones, protein hormones and glycoprotein... ($641M), Heterocyclic compounds with unfused pyridine ring,nes ($403M), and Orthopaedic appliances, nes ($392M).

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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Depth

Top Origin (2020): Ireland, $9.06B

Top Import (2020): Hetercyclic compounds with pyrimidine ring nes, $3.2B

In 2020 the top import origins of Puerto Rico were Ireland ($9.06B), Switzerland ($1.45B), Singapore ($1.29B), China ($880M), and Canada ($782M).

In 2020 the top imports of Puerto Rico were Hetercyclic compounds with pyrimidine ring nes ($3.2B), Lactams other than 6-hexanelactam ($3.16B), Sulphonamides; n.e.c. in heading no. 2935 ($2.86B), Light petroleum distillates nes ($1.28B), and Petroleum spirit for motor vehicles ($848M).

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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Puerto Rico ranks 16th 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 Puerto Rico already has a comparative advantage, are led by Precious Metal Watches (0.058), Chemical Analysis Instruments (0.056), Paintings (0.056), Vitamins (0.054), and Base Metal Watches (0.054).

Most Complex Products by PCI

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The highest complexity exports of Puerto Rico according to the product complexity index (PCI) are Hydrides and other anions (1.33), Industrial Printers (1.31), Nucleic Acids (1.27), Sulfonamides (1.21), and Micro-Organism Culture Preparations (1.19). 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 Hormones (149), Sulfonamides (37.6), Other Precious Metal Products (30), Blood, antisera, vaccines, toxins and cultures (23.1), and Packaged Medicaments (18.2).

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 Puerto Rico 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  Puerto Rico. These are products that tend to be co-exported with the products that Puerto Rico 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.