TennesseeState in United States
2020 Economic Complexity : 0.44, Rank 11 of 52
Dec 2022 Trade Exports | Imports: $2.96B | $9.08B, 16 of 54 | 10 of 54
Dec 2022 Country Destination | Origin: Canada | China , $629M | $1.82B
Dec 2022 Product Exports | Imports: Instruments, appliances for medical, etc science, nes | Medicaments nes, in dosage , $208M | $1.02B
Overview This page contains the latest international trade data for Tennessee. In December 2022 Tennessee was the number 15 in total exports and the number 10 in total imports in United States.
Exports In 2022, United States' Tennessee exported $38.3B, making it the 15th largest exporter out of the 53 exporters in United States. In 2022 the top exports of Tennessee were Instruments, appliances for medical, etc science,... ($2.84B), Smartphones ($1.49B), Large Sized Cars ($1.45B), Waste and scrap of precious metals:... ($1.42B), and Vaccines for human medicine ($1.12B).
Imports In 2022, United States' Tennessee imported $110B, making it the 10th largest importer out of the 53 importers in United States. In 2022 top imports of Tennessee were Medicaments nes, in dosage ($16.3B), Automatic data processing machines: portable, weighing... ($7.42B), Immunological products packings for retail sale ($5.71B), Medium Sized Cars ($4.15B), and Smartphones ($3.14B).
Economic Complexity In 2020, the highest complexity exports of Tennessee according to the product complexity index (PCI) are Artificial Filament Tow (1.47), Cellulose (0.66), Special Pharmaceuticals (0.61), Non-Retail Artificial Filament Yarn (0.44), and Hydrogen (0.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Tennessee exported $2.96B and imported $9.08B, resulting in a negative trade balance of $6.11B. Between December 2021 and December 2022 the exports of Tennessee have decreased by $-657M (-18.2%) from $3.62B to $2.96B, while imports increased by $687M (8.19%) from $8.39B to $9.08B.
Trade In December 2022, the top exports of Tennessee were Medical Instruments ($269M), Cars ($182M), Telephones ($166M), Computers ($146M), and Hard Liquor ($138M). In December 2022 the top imports of Tennessee were Packaged Medicaments ($1.25B), Computers ($1.05B), Cars ($908M), Vaccines, blood, antisera, toxins and cultures ($640M), and Telephones ($498M).
Destinations In December 2022, Tennessee exported mostly to Canada ($629M), Mexico ($344M), China ($275M), Japan ($205M), and Netherlands ($198M), and imported mostly from China ($1.82B), Japan ($1.09B), Mexico ($877M), Ireland ($770M), and Canada ($596M).
Growth In December 2022, the decrease in Tennessee's year-by-year exports was explained primarily by an decrease in exports to Hong Kong ($-41.3M or -22.9%), Singapore ($-31.1M or -27.4%), and South Africa ($-13.8M or -57.2%), and product exports decrease in Cars ($-92.4M or -58.6%), Medical Instruments ($-47M or -17.1%), and Telephones ($-33.6M or -14.9%). In December 2022, the increase in Tennessee's year-by-year imports was explained primarily by an increase in imports from South Korea ($290M or 348%), Netherlands ($103M or 537%), and Vietnam ($102M or 24.1%), and product imports increase in Office Machine Parts ($175M or 129%), Vaccines, blood, antisera, toxins and cultures ($103M or 20.4%), and Special Pharmaceuticals ($79.2M or 185%).
EXPORT GROWTH (December 2021 - December 2022): $-657M, (-18.2%)
IMPORT GROWTH (December 2021 - December 2022): $687M, (8.19%)
This section shows exports and imports data at subnational level for Tennessee. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Tennessee over time.
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Top Destination (2022): Canada, $8.6B
Top Product (2022): Instruments, appliances for medical, etc science,..., $2.84B
In 2022 the top export destinations of Tennessee were Canada ($8.6B), Mexico ($4.79B), China ($3.28B), Germany ($2.98B), and Japan ($2.09B).
In 2022 the top exports of Tennessee were Instruments, appliances for medical, etc science,... ($2.84B), Smartphones ($1.49B), Large Sized Cars ($1.45B), Waste and scrap of precious metals:... ($1.42B), and Vaccines for human medicine ($1.12B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): China, $26.5B
Top Import (2022): Medicaments nes, in dosage, $16.3B
In 2022 the top import origins of Tennessee were China ($26.5B), Mexico ($11.5B), Ireland ($9.61B), Japan ($9B), and Canada ($7.54B).
In 2022 the top imports of Tennessee were Medicaments nes, in dosage ($16.3B), Automatic data processing machines: portable, weighing... ($7.42B), Immunological products packings for retail sale ($5.71B), Medium Sized Cars ($4.15B), and Smartphones ($3.14B).
Economic Complexity (2022): 0.44
Tennessee ranks 11th 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.
The top export opportunities according to the relatedness level, without considering those products were Tennessee already has a comparative advantage, are led by Developed Exposed Photographic Material (0.27), Nickel Sheets (0.26), Epoxides (0.26), Silicone (0.26), and Non-optical Microscopes (0.25).
The highest complexity exports of Tennessee according to the product complexity index (PCI) are Artificial Filament Tow (1.47), Cellulose (0.66), Special Pharmaceuticals (0.61), Non-Retail Artificial Filament Yarn (0.44), and Hydrogen (0.26). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Artificial Filament Tow (88.0), Cellulose (59.0), Non-Retail Artificial Filament Yarn (47.0), Precious Metal Scraps (42.5), and Cyanides (33.7).
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 Tennessee 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.
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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