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Overview This page contains the latest international trade data for Florida. In December 2023 Florida was the number 6 in total exports and the number 9 in total imports in United States.

Exports In 2023, United States' Florida exported $67.5B, making it the 6th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Florida were Other Aircraft parts ($8.98B), Smartphones ($2.62B), Medicaments nes, in dosage ($1.7B), Electronic integrated circuits: processors and controllers,... ($1.43B), and Communication apparatus (excluding telephone sets or... ($1.24B).

Imports In 2023, United States' Florida imported $112B, making it the 9th largest importer out of the 53 importers in United States. In 2023 top imports of Florida were Commodities not specified according to kind ($6.83B), Medium Sized Cars ($4.89B), Nucleic acids and their salts, other... ($3.74B), Smartphones ($3.45B), and Petroleum spirit for motor vehicles ($2.01B).

Economic Complexity In 2023, the highest complexity exports of Florida according to the product complexity index (PCI) are Drafting Tools (1.63), Polyamides (1.6), Hydrides and other anions (1.55), Gaskets (1.38), Industrial Printers (1.31), Other Nickel Products (1.31), Compasses (1.27), Telephones (1.24), Soldering and Welding Machinery (1.01), and Optical Fibers and optical fibre bundles (0.97). 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)Canada$5.19B
Top Product (2023)Other Aircraft parts $8.98B

In 2023 the top export destinations of Florida were Canada ($5.19B), Brazil ($5.12B), Mexico ($4.26B), United Kingdom ($3.24B), and Dominican Republic ($2.37B).

In 2023 the top exports of Florida were Other Aircraft parts ($8.98B), Smartphones ($2.62B), Medicaments nes, in dosage ($1.7B), Electronic integrated circuits: processors and controllers,... ($1.43B), and Communication apparatus (excluding telephone sets or... ($1.24B).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
United Kingdom $207M (67.5%)
Sint Maarten $94.8M (441%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Mexico -$100M (-25.2%)
Germany -$74.3M (-33.2%)
India -$48M (-39.4%)

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Yearly Imports

Color
Depth
Top Origin (2023)China$12.4B

In 2023 the top import origins of Florida were China ($12.4B), Mexico ($10.4B), Germany ($6.86B), Canada ($6.03B), and Brazil ($5.24B).

In 2023 the top imports of Florida were Commodities not specified according to kind ($6.83B), Medium Sized Cars ($4.89B), Nucleic acids and their salts, other... ($3.74B), Smartphones ($3.45B), and Petroleum spirit for motor vehicles ($2.01B).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Ireland $179M (178%)
Canada $119M (25.5%)
Mexico $114M (14.5%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Japan -$334M (-53.6%)
France -$127M (-25.6%)
Switzerland -$60.5M (-29.9%)

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Economic Complexity

Economic Complexity of Florida

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Economic Complexity (2023)0.16

Florida ranks 41st 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 Florida already has a comparative advantage, are led by Non-optical Microscopes (0.31), Potato Flours (0.31), Beer (0.3), Other Plastic Products (0.3), and Therapeutic Appliances (0.3).

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Most Complex Products by PCI

The highest complexity exports of Florida according to the product complexity index (PCI) are Drafting Tools (1.63), Polyamides (1.6), Hydrides and other anions (1.55), Gaskets (1.38), Industrial Printers (1.31), Other Nickel Products (1.31), Compasses (1.27), Telephones (1.24), Soldering and Welding Machinery (1.01), and Optical Fibers and optical fibre bundles (0.97). 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 (41.43), Prints (21.43), Recreational Boats (20.29), Wood Pulp Lyes (14.84), and Mixed Mineral or Chemical Fertilizers (14.24).

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