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Overview This page contains the latest international trade data for Connecticut. In December 2023 Connecticut was the number 30 in total exports and the number 27 in total imports in United States.

Exports In 2023, United States' Connecticut exported $15.3B, making it the 30th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Connecticut were Other Aircraft parts ($4.42B), Machines and apparatus of heading 8486:... ($816M), Commodities not specified according to kind ($663M), Aircraft parts (excl. propellers/rotors, undercarriages) ($204M), and Electrical control and distribution boards, <... ($179M).

Imports In 2023, United States' Connecticut imported $21.4B, making it the 27th largest importer out of the 53 importers in United States. In 2023 top imports of Connecticut were Fixed wing aircraft, unladen weight >... ($2.21B), Silver in unwrought forms ($1.74B), Commodities not specified according to kind ($1.72B), Petroleum spirit for motor vehicles ($1.43B), and Light petroleum distillates nes ($760M).

Economic Complexity In 2023, the highest complexity exports of Connecticut according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Non-Mechanical Removal Machinery (1.9), Oscilloscopes (1.81), Iron Fasteners (1.79), Lubricating Products (1.68), Drafting Tools (1.63), Other Stainless Steel Bars (1.51), Metalworking Machine Parts (1.5), Photographic Plates (1.4), and Flat-Rolled Iron (1.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Germany$2.1B
Top Product (2023)Other Aircraft parts $4.42B

In 2023 the top export destinations of Connecticut were Germany ($2.1B), Canada ($2.09B), Netherlands ($1.15B), United Kingdom ($1.1B), and Mexico ($1.07B).

In 2023 the top exports of Connecticut were Other Aircraft parts ($4.42B), Machines and apparatus of heading 8486:... ($816M), Commodities not specified according to kind ($663M), Aircraft parts (excl. propellers/rotors, undercarriages) ($204M), and Electrical control and distribution boards, <... ($179M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
South Korea $24M (83.3%)
Netherlands $16.3M (17.5%)
Singapore $14.9M (38%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Germany -$61.6M (-28.8%)
China -$52.1M (-41%)
United Kingdom -$24.4M (-19.8%)

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Yearly Imports

Color
Depth
Top Origin (2023)Canada$5.88B

In 2023 the top import origins of Connecticut were Canada ($5.88B), Mexico ($3.6B), Germany ($1.65B), China ($1.24B), and Netherlands ($1.23B).

In 2023 the top imports of Connecticut were Fixed wing aircraft, unladen weight >... ($2.21B), Silver in unwrought forms ($1.74B), Commodities not specified according to kind ($1.72B), Petroleum spirit for motor vehicles ($1.43B), and Light petroleum distillates nes ($760M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Canada $632M (115%)
Brazil $40M (329%)
Mexico $32.7M (11.2%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
United Kingdom -$52.9M (-42.8%)
India -$30.5M (-54.7%)
China -$28.6M (-23.9%)

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Economic Complexity

Economic Complexity of Connecticut

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Economic Complexity (2023)0.63

Connecticut ranks 2nd 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.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Connecticut already has a comparative advantage, are led by Precious Metal Compounds (0.28), Non-optical Microscopes (0.28), Polymer Ion-Exchangers (0.27), Metalworking Transfer Machines (0.26), and Cutting Blades (0.26).

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Most Complex Products by PCI

The highest complexity exports of Connecticut according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.54), Non-Mechanical Removal Machinery (1.9), Oscilloscopes (1.81), Iron Fasteners (1.79), Lubricating Products (1.68), Drafting Tools (1.63), Other Stainless Steel Bars (1.51), Metalworking Machine Parts (1.5), Photographic Plates (1.4), and Flat-Rolled Iron (1.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Aircraft Parts (88.83), Other Isotopes (31.91), Water and Gas Generators (31.51), Weapons Parts and Accessories (26.56), and Opto-Electric Instrument Parts (18.96).

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Product Space

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 Connecticut 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.

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Relatedness Space

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

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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