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Overview This page contains the latest international trade data for South Carolina. In November 2023 South Carolina was the number 19 in total exports and the number 16 in total imports in United States.

Exports In 2022, United States' South Carolina exported $31.5B, making it the 19th largest exporter out of the 53 exporters in United States. In 2022 the top exports of South Carolina were Medium Sized Cars ($3.72B), Spark-ignition chargeable Cars ($2.38B), Large Diesel non chargeable Cars ($2.32B), Other Aircraft parts ($1.88B), and Rubber; new pneumatic tyres, of a... ($1.07B).

Imports In 2022, United States' South Carolina imported $55.6B, making it the 16th largest importer out of the 53 importers in United States. In 2022 top imports of South Carolina were Commodities not specified according to kind ($1.58B), Uranium (enriched U235), plutonium compounds, alloys ($1.53B), Engines, spark-ignition reciprocating, over 1000 cc ($1.08B), Other Motor vehicle parts ($1.08B), and Transmissions for motor vehicles ($958M).

Economic Complexity In 2022, the highest complexity exports of South Carolina according to the product complexity index (PCI) are Other Esters (2.03), Polyamides (1.62), Phenols (1.56), Transmissions (1.53), Nickel Sheets (1.44), Knitting Machine Accessories (1.44), Other Nickel Products (1.36), Flat-Rolled Iron (1.35), Nucleic Acids (1.35), and Photographic Plates (1.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)Canada$4.41B
Top Product (2022)Medium Sized Cars$3.72B

In 2022 the top export destinations of South Carolina were Canada ($4.41B), Germany ($4.4B), China ($3.7B), Mexico ($2.37B), and South Korea ($1.87B).

In 2022 the top exports of South Carolina were Medium Sized Cars ($3.72B), Spark-ignition chargeable Cars ($2.38B), Large Diesel non chargeable Cars ($2.32B), Other Aircraft parts ($1.88B), and Rubber; new pneumatic tyres, of a... ($1.07B).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
Singapore $370M (1.84k%)
Germany $192M (59.7%)
Egypt $171M (6.6k%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
Qatar -$159M (-97.4%)
Trinidad and Tobago -$19.5M (-90.8%)
Netherlands -$19M (-52.5%)

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Yearly Imports

Color
Depth
Top Origin (2022)China$8.76B

In 2022 the top import origins of South Carolina were China ($8.76B), Germany ($7.77B), Mexico ($5.61B), Canada ($3.59B), and Vietnam ($2.66B).

In 2022 the top imports of South Carolina were Commodities not specified according to kind ($1.58B), Uranium (enriched U235), plutonium compounds, alloys ($1.53B), Engines, spark-ignition reciprocating, over 1000 cc ($1.08B), Other Motor vehicle parts ($1.08B), and Transmissions for motor vehicles ($958M).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Vietnam $72.8M (51.9%)
China $63.3M (10.7%)
Mexico $49.5M (12.2%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
Germany -$99M (-14.7%)
France -$63.1M (-40.5%)
Canada -$51.5M (-16.8%)

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Economic Complexity

Economic Complexity of South Carolina

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Economic Complexity (2022)0.42

South Carolina ranks 13th out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

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 (0.27), Photographic Chemicals (0.26), Non-optical Microscopes (0.26), Epoxides (0.25), and Artificial Filament Tow (0.25).

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Most Complex Products by PCI

The highest complexity exports of South Carolina according to the product complexity index (PCI) are Other Esters (2.03), Polyamides (1.62), Phenols (1.56), Transmissions (1.53), Nickel Sheets (1.44), Knitting Machine Accessories (1.44), Other Nickel Products (1.36), Flat-Rolled Iron (1.35), Nucleic Acids (1.35), and Photographic Plates (1.34). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Vegetable and Mineral Carvings (44.78), Nuclear Reactors (41.33), Composite Paper (18.70), Aircraft Parts (15.15), and Compounded Unvulcanised Rubber (13.87).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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