Vermont

State in United States

2019
Economic
Complexity
: 0.32, Rank 24 of 53

Jan 2021
Trade
Exports | Imports
: $213M | $244M, 47 of 54 | 46 of 54

Jan 2021
Country
Destination | Origin
: Canada | Canada , $71.3M  | $168M

Jan 2021
Product
Exports | Imports
: Integrated Circuits | Electricity , $110M  | $48.1M

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

Exports: In 2020, United States' Vermont exported $2.4B, making it the 47th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Vermont were Electronic integrated circuits: n.e.c. in heading... ($591M), Electronic integrated circuits: processors and controllers,... ($572M), Electronic integrated circuits: amplifiers ($95.7M), Physical exercise, gymnasium and athletics equipment ($84.1M), and Aircraft parts nes ($46.1M).

Imports: In 2020, United States' Vermont imported $2.64B, making it the 47th largest importer out of the 53 importers in United States. In 2020 top imports of Vermont were Electrical energy ($421M), Chocolate and other food preps containing... ($233M), Commodities not specified according to kind ($110M), Light petroleum distillates nes ($98.8M), and Electronic integrated circuits: processors and controllers,... ($96.5M).

Economic Complexity: In 2019, the highest complexity exports of Vermont according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Disc Chemicals for Electronics (2.2), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Rubberworking Machinery (1.72). 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 Vermont'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, $918M

Top Product (2020): Electronic integrated circuits: n.e.c. in heading..., $591M

In 2020 the top export destinations of Vermont were Canada ($918M), Taiwan ($336M), China ($217M), South Korea ($157M), and Hong Kong ($88.2M).

In 2020 the top exports of Vermont were Electronic integrated circuits: n.e.c. in heading... ($591M), Electronic integrated circuits: processors and controllers,... ($572M), Electronic integrated circuits: amplifiers ($95.7M), Physical exercise, gymnasium and athletics equipment ($84.1M), and Aircraft parts nes ($46.1M).

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): Canada, $1.68B

Top Import (2020): Electrical energy, $421M

In 2020 the top import origins of Vermont were Canada ($1.68B), China ($160M), Taiwan ($70.5M), Germany ($60.9M), and Mexico ($56.2M).

In 2020 the top imports of Vermont were Electrical energy ($421M), Chocolate and other food preps containing... ($233M), Commodities not specified according to kind ($110M), Light petroleum distillates nes ($98.8M), and Electronic integrated circuits: processors and controllers,... ($96.5M).

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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Vermont ranks 24th 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 Vermont already has a comparative advantage, are led by X-Ray Equipment (0.12), Nickel Bars (0.12), Photo Lab Equipment (0.11), Laboratory Glassware (0.11), and Metalworking Machine Parts (0.11).

Most Complex Products by PCI

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The highest complexity exports of Vermont according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.81), Disc Chemicals for Electronics (2.2), Other Measuring Instruments (1.86), Oscilloscopes (1.77), and Rubberworking Machinery (1.72). 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 Synthetic Monofilament (89.9), Casting Machines (31.5), Granite (29.2), Fairground Amusements (25.5), and Other Headwear (24.6).

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