Rhode Island

State in United States

Exports (2019): $2.68B, Rnk 48/53

Top Destination (2019): $592M, Canada

Top Export (2019): $358M, Waste and scrap of precious metals:...

Imports (2019): $11.6B, Rnk 34/53

Top Origin (2019): $2.93B, Mexico

Top Import (2019): $5.83B, Medium Sized Cars

Economic Complexity (2019): 0.42, Rnk 14 / 53

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

Exports: In 2019, United States' Rhode Island exported $2.68B, making it the 48th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Rhode Island were Waste and scrap of precious metals:... ($358M), Waste and scrap of precious metals:... ($211M), Ferrous waste or scrap, nes ($195M), Blood, human or animal, antisera, other... ($183M), and Jewellery and parts of precious metal... ($172M).

Imports: In 2019, United States' Rhode Island imported $11.6B, making it the 34th largest importer out of the 53 importers in United States. In 2019 top imports of Rhode Island were Medium Sized Cars ($5.83B), Petroleum spirit for motor vehicles ($1.01B), Large Sized Cars ($475M), Small Sized Cars ($422M), and Artificial parts of the body: excluding... ($283M).

Economic Complexity: In 2019, the highest complexity exports of Rhode Island according to the product complexity index (PCI) are Photographic Chemicals (2.17), Machinery Having Individual Functions (2.02), Hot-Rolled Stainless Steel Bars (1.78), Chemical Analysis Instruments (1.78), and Metal Pickling Preparations (1.71). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Canada, $592M

Top Product (2019): Waste and scrap of precious metals:..., $358M

In 2019 the top export destinations of Rhode Island were Canada ($592M), Dominican Republic ($229M), Italy ($192M), Mexico ($188M), and China ($156M).

In 2019 the top exports of Rhode Island were Waste and scrap of precious metals:... ($358M), Waste and scrap of precious metals:... ($211M), Ferrous waste or scrap, nes ($195M), Blood, human or animal, antisera, other... ($183M), and Jewellery and parts of precious metal... ($172M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Year

Top Origin (2019): Mexico, $2.93B

Top Import (2019): Medium Sized Cars, $5.83B

In 2019 the top import origins of Rhode Island were Mexico ($2.93B), Germany ($2.21B), Canada ($1.12B), Slovakia ($974M), and China ($880M).

In 2019 the top imports of Rhode Island were Medium Sized Cars ($5.83B), Petroleum spirit for motor vehicles ($1.01B), Large Sized Cars ($475M), Small Sized Cars ($422M), and Artificial parts of the body: excluding... ($283M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Rhode Island throughout time.

This section shows forecasts for total exports and imports from Rhode Island. 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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Rhode Island ranks 14th 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 Rhode Island already has a comparative advantage, are led by Developed Exposed Photographic Material (0.2), Photographic Film (0.19), Tensile Testing Machines (0.19), X-Ray Equipment (0.19), and Non-optical Microscopes (0.19).

Most Complex Products by PCI

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The highest complexity exports of Rhode Island according to the product complexity index (PCI) are Photographic Chemicals (2.17), Machinery Having Individual Functions (2.02), Hot-Rolled Stainless Steel Bars (1.78), Chemical Analysis Instruments (1.78), and Metal Pickling Preparations (1.71). 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 Precious Metal Scraps (182), Precious Metal Compounds (97.5), Imitation Jewellery (37.5), Scrap Iron (36.2), and Gaskets (28.7).

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 Rhode Island 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  Rhode Island. These are products that tend to be co-exported with the products that Rhode Island 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.