Puerto Rico

State in United States

Exports (2019): $20.5B, Rnk 24/53

Top Destination (2019): $3.07B, Italy

Top Export (2019): $7.23B, Medicaments nes, in dosage

Imports (2019): $24.3B, Rnk 25/53

Top Origin (2019): $9.13B, Ireland

Top Import (2019): $3.49B, Sulphonamides; n.e.c. in heading no. 2935

Economic Complexity (2019): 0.3, Rnk 24 / 53

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

Exports: In 2019, United States' Puerto Rico exported $20.5B, making it the 24th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Puerto Rico were Medicaments nes, in dosage ($7.23B), Blood, human or animal, antisera, other... ($4.71B), Polypeptide hormones, protein hormones and glycoprotein... ($1.55B), Polypeptide hormones, protein hormones and glycoprotein... ($995M), and Sulphonamides; n.e.c. in heading no. 2935 ($448M).

Imports: In 2019, United States' Puerto Rico imported $24.3B, making it the 25th largest importer out of the 53 importers in United States. In 2019 top imports of Puerto Rico were Sulphonamides; n.e.c. in heading no. 2935 ($3.49B), Lactams other than 6-hexanelactam ($2.82B), Hetercyclic compounds with pyrimidine ring nes ($2.39B), Light petroleum distillates nes ($1.74B), and Petroleum spirit for motor vehicles ($1.57B).

Economic Complexity: In 2019, the highest complexity exports of Puerto Rico according to the product complexity index (PCI) are Hydrides and other anions (1.39), Nucleic Acids (1.37), Hormones (1.3), Micro-Organism Culture Preparations (1.21), and Blood, antisera, vaccines, toxins and cultures (1.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): Italy, $3.07B

Top Product (2019): Medicaments nes, in dosage, $7.23B

In 2019 the top export destinations of Puerto Rico were Italy ($3.07B), Netherlands ($3.07B), Belgium ($1.75B), Japan ($1.7B), and Germany ($1.58B).

In 2019 the top exports of Puerto Rico were Medicaments nes, in dosage ($7.23B), Blood, human or animal, antisera, other... ($4.71B), Polypeptide hormones, protein hormones and glycoprotein... ($1.55B), Polypeptide hormones, protein hormones and glycoprotein... ($995M), and Sulphonamides; n.e.c. in heading no. 2935 ($448M).

Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Ireland, $9.13B

Top Import (2019): Sulphonamides; n.e.c. in heading no. 2935, $3.49B

In 2019 the top import origins of Puerto Rico were Ireland ($9.13B), Singapore ($2.08B), Switzerland ($1.84B), South Korea ($1.3B), and China ($804M).

In 2019 the top imports of Puerto Rico were Sulphonamides; n.e.c. in heading no. 2935 ($3.49B), Lactams other than 6-hexanelactam ($2.82B), Hetercyclic compounds with pyrimidine ring nes ($2.39B), Light petroleum distillates nes ($1.74B), and Petroleum spirit for motor vehicles ($1.57B).

Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Puerto Rico throughout time.

This section shows forecasts for total exports and imports from Puerto Rico. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Puerto Rico ranks 24th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

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 Chemical Analysis Instruments (0.058), Special Pharmaceuticals (0.056), Vitamins (0.055), Oxygen Heterocyclic Compounds (0.055), and Paintings (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 (1.39), Nucleic Acids (1.37), Hormones (1.3), Micro-Organism Culture Preparations (1.21), and Blood, antisera, vaccines, toxins and cultures (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 (156), Sulfonamides (33.4), Other Precious Metal Products (28.5), Blood, antisera, vaccines, toxins and cultures (25), and Packaged Medicaments (17.7).

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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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.