Analysis and Studies - Country Analysis
California: a look at the market
January 25th 2024
California is a state in the Western United States, with over 38.9 million residents across the total are. It’s the most populous U.S state, the third largest U.S state by area, and the most populated subnational entity in North America.
California’s economy is the largest of any state within the United States, with a $3.6 trillion gross state product (GSP) as of 2022. It is the largest subnational economy in the world. Furthermore California was one of the most culturally and linguistically diverse areas in pre-Columbian North America and the indigenous peoples of California constituted the highest Native American population density north of what is now Mexico.
About global trade
In September 2023 California was the number 2 in total exports and the number 1 in total imports in United States.
Exports
In 2022, United States' California exported $186B, making it the 2nd largest exporter out of the 53 exporters in United States. In 2022 the top exports of California were Other Aircraft parts ($6.03B), Machines and apparatus of a kind... ($5.47B), Machines and apparatus of heading 8486:... ($4.51B), Communication apparatus (excluding telephone sets or... ($4.4B), and Electronic integrated circuits: n.e.c. in heading... ($4.27B).
Imports
In 2022, United States' California imported $509B, making it the first largest importer out of the 53 importers in United States. In 2022 top imports of California were Petroleum oils, oils from bituminous minerals,... ($28.9B), Medium Sized Cars ($20.2B), Portable Computers under 10kg with Keyboard... ($18.2B), Parts and accessories of data processing... ($15.2B), and Communication apparatus (excluding telephone sets or... ($11.1B).
In 2022, the highest complexity exports of California according to the product complexity index (PCI) are Developed Exposed Photographic Material (2.53), Metalworking Transfer Machines (2.19), Non-optical Microscopes (1.92), Blank Audio Media (1.91), Oscilloscopes (1.81), Silicone (1.8), Drafting Tools (1.79), Iron Fasteners (1.76), Metal Pickling Preparations (1.75), and Hydrides and other anions (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/