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Overview This page contains the latest international trade data for Maryland. In December 2023 Maryland was the number 27 in total exports and the number 17 in total imports in United States.

Exports In 2023, United States' Maryland exported $17.8B, making it the 27th largest exporter out of the 53 exporters in United States. In 2023 the top exports of Maryland were Other Aircraft parts ($2.25B), Natural gas, liquefied ($2.1B), Bituminous coal, not agglomerated ($1.26B), Electric motor Vehicles ($907M), and Other diagnostic reagents ($520M).

Imports In 2023, United States' Maryland imported $47.5B, making it the 17th largest importer out of the 53 importers in United States. In 2023 top imports of Maryland were Medium Sized Cars ($10.2B), Large Sized Cars ($1.95B), Communication apparatus (excluding telephone sets or... ($1.27B), Electric motor Vehicles ($1.18B), and Nickel unwrought, not alloyed ($997M).

Economic Complexity In 2023, the highest complexity exports of Maryland according to the product complexity index (PCI) are Nickel Sheets (1.58), Forging Machines (1.49), Musical Instrument Parts (1.37), Other Nickel Products (1.31), Laboratory Reagents (1.31), Micro-Organism Culture Preparations (1.28), Other Paper Machinery (1.12), Textiles for technical uses (1.1), Motor-working Tools (1.06), and Book-binding Machines (1.03). 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$2.37B
Top Product (2023)Other Aircraft parts $2.25B

In 2023 the top export destinations of Maryland were Canada ($2.37B), France ($1.59B), Netherlands ($1.42B), Germany ($1.26B), and Japan ($1.21B).

In 2023 the top exports of Maryland were Other Aircraft parts ($2.25B), Natural gas, liquefied ($2.1B), Bituminous coal, not agglomerated ($1.26B), Electric motor Vehicles ($907M), and Other diagnostic reagents ($520M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Japan $47.1M (44.5%)
Morocco $37.7M (126%)
China $35.3M (38.9%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
New Zealand -$162M (-99%)
India -$110M (-62.7%)
Netherlands -$66.9M (-47.2%)

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Yearly Imports

Color
Depth
Top Origin (2023)Germany$8.55B
Top Import (2023)Medium Sized Cars$10.2B

In 2023 the top import origins of Maryland were Germany ($8.55B), Mexico ($4.93B), Japan ($4.85B), Canada ($2.96B), and China ($2.68B).

In 2023 the top imports of Maryland were Medium Sized Cars ($10.2B), Large Sized Cars ($1.95B), Communication apparatus (excluding telephone sets or... ($1.27B), Electric motor Vehicles ($1.18B), and Nickel unwrought, not alloyed ($997M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Germany $133M (19.6%)
Mexico $79.1M (19%)
South Africa $74.8M (132%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
South Korea -$99.6M (-60%)
Sweden -$97.3M (-82.4%)
Trinidad and Tobago -$71.7M (-63.1%)

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Economic Complexity

Economic Complexity of Maryland

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Economic Complexity (2023)0.23

Maryland ranks 34th 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 Maryland already has a comparative advantage, are led by Prints (0.22), Non-optical Microscopes (0.21), Stainless Steel Ingots (0.2), Gas Turbines (0.2), and Other Precious Metal Products (0.2).

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Most Complex Products by PCI

The highest complexity exports of Maryland according to the product complexity index (PCI) are Nickel Sheets (1.58), Forging Machines (1.49), Musical Instrument Parts (1.37), Other Nickel Products (1.31), Laboratory Reagents (1.31), Micro-Organism Culture Preparations (1.28), Other Paper Machinery (1.12), Textiles for technical uses (1.1), Motor-working Tools (1.06), and Book-binding Machines (1.03). 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 (38.98), Micro-Organism Culture Preparations (36.03), Laboratory Reagents (20.75), Nickel Pipes (20.60), and Other Nickel Products (18.47).

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