Vermont

State in United States

Exports (2019): $3.02B, Rnk 46/53

Top Destination (2019): $1.19B, Canada

Top Export (2019): $940M, Electronic integrated circuits: processors and controllers,...

Imports (2019): $3.94B, Rnk 45/53

Top Origin (2019): $2.67B, Canada

Top Import (2019): $782M, Electronic integrated circuits: processors and controllers,...

Economic Complexity (2019): 0.3, Rnk 23 / 53

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

Exports: In 2019, United States' Vermont exported $3.02B, making it the 46th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Vermont were Electronic integrated circuits: processors and controllers,... ($940M), Electronic integrated circuits: n.e.c. in heading... ($755M), Physical exercise, gymnasium and athletics equipment ($86.4M), Aircraft parts nes ($77.8M), and Electronic integrated circuits: amplifiers ($72.8M).

Imports: In 2019, United States' Vermont imported $3.94B, making it the 45th largest importer out of the 53 importers in United States. In 2019 top imports of Vermont were Electronic integrated circuits: processors and controllers,... ($782M), Electrical energy ($456M), Electronic integrated circuits: n.e.c. in heading... ($211M), Chocolate and other food preps containing... ($196M), and Commodities not specified according to kind ($182M).

Economic Complexity: In 2019, the highest complexity exports of Vermont according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.52), Disc Chemicals for Electronics (2.25), Chemical Analysis Instruments (1.78), Non-optical Microscopes (1.69), and Tensile Testing Machines (1.64). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Canada, $1.19B

Top Product (2019): Electronic integrated circuits: processors and controllers,..., $940M

In 2019 the top export destinations of Vermont were Canada ($1.19B), Taiwan ($374M), Hong Kong ($200M), South Korea ($195M), and China ($187M).

In 2019 the top exports of Vermont were Electronic integrated circuits: processors and controllers,... ($940M), Electronic integrated circuits: n.e.c. in heading... ($755M), Physical exercise, gymnasium and athletics equipment ($86.4M), Aircraft parts nes ($77.8M), and Electronic integrated circuits: amplifiers ($72.8M).

Export Dynamics

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Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Canada, $2.67B

Top Import (2019): Electronic integrated circuits: processors and controllers,..., $782M

In 2019 the top import origins of Vermont were Canada ($2.67B), China ($215M), France ($122M), Vietnam ($92.1M), and Taiwan ($85.2M).

In 2019 the top imports of Vermont were Electronic integrated circuits: processors and controllers,... ($782M), Electrical energy ($456M), Electronic integrated circuits: n.e.c. in heading... ($211M), Chocolate and other food preps containing... ($196M), and Commodities not specified according to kind ($182M).

Import Dynamics

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Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

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This section shows differences between total trade from Vermont throughout time.

This section shows forecasts for total exports and imports from Vermont. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Vermont ranks 23rd out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

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 Metalworking Machine Parts (0.12), Electric Soldering Equipment (0.11), Photo Lab Equipment (0.11), Non-Mechanical Removal Machinery (0.11), and Machinery Having Individual Functions (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 (2.52), Disc Chemicals for Electronics (2.25), Chemical Analysis Instruments (1.78), Non-optical Microscopes (1.69), and Tensile Testing 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 Synthetic Monofilament (87.7), Casting Machines (30), Fairground Amusements (28.3), Granite (26.3), and Other Headwear (25.1).

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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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.