South Carolina

State in United States

2019
Economic
Complexity
: 0.39, Rank 15 of 53

Jan 2021
Trade
Exports | Imports
: $1.81B | $3.81B, 21 of 54 | 16 of 54

Jan 2021
Country
Destination | Origin
: Canada | China , $277M  | $563M

Jan 2021
Product
Exports | Imports
: Cars | Vehicle Parts , $445M  | $405M

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

Exports: In 2020, United States' South Carolina exported $30.2B, making it the 14th largest exporter out of the 53 exporters in United States. In 2020 the top exports of South Carolina were Aircraft parts nes ($4.06B), Medium Sized Cars ($3.94B), Large Diesel Engine Cars ($2.4B), Vehicles; with both spark-ignition internal combustion... ($1.93B), and Rubber; new pneumatic tyres, of a... ($880M).

Imports: In 2020, United States' South Carolina imported $40.1B, making it the 16th largest importer out of the 53 importers in United States. In 2020 top imports of South Carolina were Uranium (enriched U235), plutonium compounds, alloys ($935M), Tools: for working in the hand,... ($889M), Engines, spark-ignition reciprocating, over 1000 cc ($876M), Commodities not specified according to kind ($849M), and Motor vehicle parts nes ($823M).

Economic Complexity: In 2019, the highest complexity exports of South Carolina according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Esters (1.85), Chemical Analysis Instruments (1.7), Photographic Plates (1.69), and Glass Working Machines (1.64). 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 South Carolina'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): Germany, $4.08B

Top Product (2020): Aircraft parts nes, $4.06B

In 2020 the top export destinations of South Carolina were Germany ($4.08B), Canada ($4.01B), China ($3.89B), Mexico ($1.81B), and Belgium ($1.41B).

In 2020 the top exports of South Carolina were Aircraft parts nes ($4.06B), Medium Sized Cars ($3.94B), Large Diesel Engine Cars ($2.4B), Vehicles; with both spark-ignition internal combustion... ($1.93B), and Rubber; new pneumatic tyres, of a... ($880M).

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, $6.22B

Top Import (2020): Uranium (enriched U235), plutonium compounds, alloys, $935M

In 2020 the top import origins of South Carolina were Germany ($6.22B), China ($5.81B), Mexico ($4.45B), Canada ($2.46B), and Vietnam ($1.85B).

In 2020 the top imports of South Carolina were Uranium (enriched U235), plutonium compounds, alloys ($935M), Tools: for working in the hand,... ($889M), Engines, spark-ignition reciprocating, over 1000 cc ($876M), Commodities not specified according to kind ($849M), and Motor vehicle parts nes ($823M).

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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South Carolina ranks 15th 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 South Carolina already has a comparative advantage, are led by Developed Exposed Photographic Material (0.2), Halides (0.19), Photographic Film (0.19), Photo Lab Equipment (0.18), and Silicone (0.18).

Most Complex Products by PCI

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The highest complexity exports of South Carolina according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Other Esters (1.85), Chemical Analysis Instruments (1.7), Photographic Plates (1.69), and Glass Working Machines (1.64). 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 Aircraft Parts (59.9), Photographic Paper (55.8), Vegetable and Mineral Carvings (32), Nuclear Reactors (30.2), and Precious Metal Compounds (15.3).

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 South Carolina 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  South Carolina. These are products that tend to be co-exported with the products that South Carolina 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.