Rhode Island

State in United States

2019
Economic
Complexity
: 0.48, Rank 9 of 53

Jan 2021
Trade
Exports | Imports
: $239M | $664M, 45 of 54 | 39 of 54

Jan 2021
Country
Destination | Origin
: Italy | Mexico , $40.9M  | $134M

Jan 2021
Product
Exports | Imports
: Precious Metal Scraps | Cars , $56.3M  | $340M

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

Exports: In 2020, United States' Rhode Island exported $2.4B, making it the 46th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Rhode Island were Waste and scrap of precious metals:... ($377M), Blood, human or animal, antisera, other... ($224M), Jewellery and parts of precious metal... ($202M), Gold compounds ($106M), and Ferrous waste or scrap, nes ($105M).

Imports: In 2020, United States' Rhode Island imported $8.8B, making it the 37th largest importer out of the 53 importers in United States. In 2020 top imports of Rhode Island were Medium Sized Cars ($3.58B), Petroleum spirit for motor vehicles ($820M), Large Sized Cars ($430M), Needles, catheters, cannulae etc, (medical) ($313M), and Instruments, appliances for medical, etc science,... ($311M).

Economic Complexity: In 2019, the highest complexity exports of Rhode Island according to the product complexity index (PCI) are Photographic Chemicals (2.16), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Hot-Rolled Stainless Steel Bars (1.8), and Metal Finishing Machines (1.76). 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 Rhode Island'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): Canada, $410M

Top Product (2020): Waste and scrap of precious metals:..., $377M

In 2020 the top export destinations of Rhode Island were Canada ($410M), Italy ($256M), Dominican Republic ($236M), Mexico ($171M), and Germany ($154M).

In 2020 the top exports of Rhode Island were Waste and scrap of precious metals:... ($377M), Blood, human or animal, antisera, other... ($224M), Jewellery and parts of precious metal... ($202M), Gold compounds ($106M), and Ferrous waste or scrap, nes ($105M).

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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Top Origin (2020): Germany, $1.53B

Top Import (2020): Medium Sized Cars, $3.58B

In 2020 the top import origins of Rhode Island were Germany ($1.53B), Mexico ($1.51B), Canada ($1.01B), China ($809M), and Japan ($766M).

In 2020 the top imports of Rhode Island were Medium Sized Cars ($3.58B), Petroleum spirit for motor vehicles ($820M), Large Sized Cars ($430M), Needles, catheters, cannulae etc, (medical) ($313M), and Instruments, appliances for medical, etc science,... ($311M).

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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Rhode Island ranks 9th 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 Rhode Island already has a comparative advantage, are led by Developed Exposed Photographic Material (0.21), Photo Lab Equipment (0.2), Tensile Testing Machines (0.19), Paintings (0.19), and Photographic Film (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 (2.16), Machinery Having Individual Functions (1.93), Other Measuring Instruments (1.86), Hot-Rolled Stainless Steel Bars (1.8), and Metal Finishing Machines (1.76). 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 (194), Precious Metal Compounds (77.9), Imitation Jewellery (38.6), Scrap Iron (34.9), and Gaskets (29.8).

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.