Wyoming

State in United States

Exports (2019): $1.35B, Rnk 50/53

Top Destination (2019): $225M, Canada

Top Export (2019): $1B, Disodium carbonate

Imports (2019): $1.48B, Rnk 50/53

Top Origin (2019): $1.1B, Canada

Top Import (2019): $718M, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.13, Rnk 40 / 53

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

Exports: In 2019, United States' Wyoming exported $1.35B, making it the 50th largest exporter out of the 53 exporters in United States. In 2019 the top exports of Wyoming were Disodium carbonate ($1B), Bentonite ($39.7M), Rare gases other than argon ($24.3M), Parts of cranes, work-trucks, shovels, constr... ($21.2M), and Bodies for tractors, buses, trucks etc ($19.5M).

Imports: In 2019, United States' Wyoming imported $1.48B, making it the 50th largest importer out of the 53 importers in United States. In 2019 top imports of Wyoming were Petroleum oils, oils from bituminous minerals,... ($718M), Commodities not specified according to kind ($66.5M), Ammonium nitrate, including solution, in pack... ($38.1M), Saturated acyclic hydrocarbons ($27.3M), and Light petroleum distillates nes ($25.2M).

Economic Complexity: In 2019, the highest complexity exports of Wyoming according to the product complexity index (PCI) are Silicone (1.81), Chemical Analysis Instruments (1.78), Tensile Testing Machines (1.64), Transmissions (1.49), and Vehicle Bodies (1.11). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

#permalink to section
Value
Depth
Year

Top Destination (2019): Canada, $225M

Top Product (2019): Disodium carbonate, $1B

In 2019 the top export destinations of Wyoming were Canada ($225M), Indonesia ($154M), Brazil ($144M), Malaysia ($96.1M), and Chile ($81.6M).

In 2019 the top exports of Wyoming were Disodium carbonate ($1B), Bentonite ($39.7M), Rare gases other than argon ($24.3M), Parts of cranes, work-trucks, shovels, constr... ($21.2M), and Bodies for tractors, buses, trucks etc ($19.5M).

Export Dynamics

#permalink to section

Fastest Growing Exports Destination (July 2019 - July 2020)

Rapidly Declining Export Origins (July 2019 - July 2020)

Yearly Imports

#permalink to section
Value
Depth
Year

Top Origin (2019): Canada, $1.1B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $718M

In 2019 the top import origins of Wyoming were Canada ($1.1B), China ($143M), Japan ($39.3M), Mexico ($29.3M), and Germany ($21.3M).

In 2019 the top imports of Wyoming were Petroleum oils, oils from bituminous minerals,... ($718M), Commodities not specified according to kind ($66.5M), Ammonium nitrate, including solution, in pack... ($38.1M), Saturated acyclic hydrocarbons ($27.3M), and Light petroleum distillates nes ($25.2M).

Import Dynamics

#permalink to section

Fastest Growing Import Origins (July 2019 - July 2020)

Rapidly Declining Import Origins (July 2019 - July 2020)

Comparison in Time

#permalink to section
Flow
Value

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

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

Explore Forecasts

Economic Complexity

#permalink to section

Economic Complexity of United States

#permalink to section

Wyoming ranks 40th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Wyoming already has a comparative advantage, are led by Coal Briquettes (0.051), Aircraft Parts (0.051), Special Pharmaceuticals (0.05), Sculptures (0.05), and X-Ray Equipment (0.05).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Wyoming according to the product complexity index (PCI) are Silicone (1.81), Chemical Analysis Instruments (1.78), Tensile Testing Machines (1.64), Transmissions (1.49), and Vehicle Bodies (1.11). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Carbonates (N/A), Clays (284), Plaster Articles (108), Wood Barrels (69.4), and Railway Track Fixtures (46.5).

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 Wyoming 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

#permalink to section

This network shows the products most related to the production structure of  Wyoming. These are products that tend to be co-exported with the products that Wyoming exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.