Boston, Ma

District in Massachusetts, State of United States

2019
Economic
Complexity
: 0.62, Rank 5 of 39

Jan 2021
Trade
Exports | Imports
: $554M | $1.57B, 31 of 43 | 29 of 42

Jan 2021
Country
Destination | Origin
: China | Canada , $96.5M  | $255M

Jan 2021
Product
Exports | Imports
: Centrifuges | Refined Petroleum , $84.9M  | $379M

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

Exports: In 2020, United States' Boston, Ma exported $6.15B, making it the 31st largest exporter out of the 43 exporters in United States. In 2020 the top exports of Boston, Ma were Filtering/purifying machinery for liquids nes ($514M), Aircraft parts nes ($465M), Ferrous waste or scrap, nes ($353M), Composite diagnostic or laboratory reagents, nes ($265M), and Instruments, appliances for medical, etc science,... ($238M).

Imports: In 2020, United States' Boston, Ma imported $19B, making it the 27th largest importer out of the 43 importers in United States. In 2020 top imports of Boston, Ma were Petroleum spirit for motor vehicles ($1.94B), Commodities not specified according to kind ($1.27B), Light petroleum distillates nes ($853M), Medium Sized Cars ($806M), and Artificial parts of the body: excluding... ($709M).

Economic Complexity: In 2019, the highest complexity exports of Boston, Ma according to the product complexity index (PCI) are Photographic Chemicals (2.16), Machinery Having Individual Functions (1.93), Cermets (1.87), Other Measuring Instruments (1.86), and Silicone (1.83). 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 Boston, MA'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): Germany, $761M

Top Product (2020): Filtering/purifying machinery for liquids nes, $514M

In 2020 the top export destinations of Boston, Ma were Germany ($761M), China ($741M), France ($567M), Japan ($466M), and Netherlands ($447M).

In 2020 the top exports of Boston, Ma were Filtering/purifying machinery for liquids nes ($514M), Aircraft parts nes ($465M), Ferrous waste or scrap, nes ($353M), Composite diagnostic or laboratory reagents, nes ($265M), and Instruments, appliances for medical, etc science,... ($238M).

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): China, $2.55B

Top Import (2020): Petroleum spirit for motor vehicles, $1.94B

In 2020 the top import origins of Boston, Ma were China ($2.55B), Canada ($2.1B), Ireland ($1.66B), Germany ($1.52B), and Japan ($1.38B).

In 2020 the top imports of Boston, Ma were Petroleum spirit for motor vehicles ($1.94B), Commodities not specified according to kind ($1.27B), Light petroleum distillates nes ($853M), Medium Sized Cars ($806M), and Artificial parts of the body: excluding... ($709M).

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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Boston, Ma ranks 5th out of the 43 districts 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 Boston, Ma already has a comparative advantage, are led by Developed Exposed Photographic Material (0.26), Photo Lab Equipment (0.25), Blown Glass (0.24), Photographic Film (0.24), and Nickel Powder (0.23).

Most Complex Products by PCI

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The highest complexity exports of Boston, Ma according to the product complexity index (PCI) are Photographic Chemicals (2.16), Machinery Having Individual Functions (1.93), Cermets (1.87), Other Measuring Instruments (1.86), and Silicone (1.83). 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 Tantalum (56.2), Binoculars and Telescopes (49.6), Enzymes (39.2), Unpackaged Medicaments (33.3), and Other Animals (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 Boston, Ma 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  Boston, Ma. These are products that tend to be co-exported with the products that Boston, Ma 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.