Bahia | The Observatory of Economic Complexity

Bahia

State in Brazil

2023
Economic
Complexity -0.63Rank 9 of 23

Jul 2024
Trade
Exports | Imports $1B | $906M11 of 28 | 9 of 28

Jul 2024
Country
Destination | Origin China | United States $363M | $153M

Image 1

Image by ZoydAR
Link: https://flic.kr/p/7wUrPU

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Bahia. In July 2024 Bahia was the number 10 in total exports and the number 9 in total imports in Brazil.

Exports In 2023, Brazil's Bahia exported $13.9B, making it the 10th largest exporter out of the 27 exporters in Brazil. In 2023 the top exports of Bahia were Soya beans: other than seed, whether... ($2.39B), Light petroleum distillates nes ($2.26B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($905M), Soya-bean oil-cake and other solid residues ($708M), and Cotton, not carded or combed ($625M).

Imports In 2023, Brazil's Bahia imported $11.4B, making it the 9th largest importer out of the 27 importers in Brazil. In 2023 top imports of Bahia were Petroleum oils, oils from bituminous minerals,... ($2.18B), Petroleum spirit for motor vehicles ($2.14B), Potassium chloride, in packs >10 kg ($277M), Light petroleum distillates nes ($222M), and Monoammonium phosphate & mix with diammonium,... ($167M).

Economic Complexity In 2023, the highest complexity exports of Bahia according to the product complexity index (PCI) are Epoxides (1.67), Unsaturated Acyclic Monocarboxylic Acids (1.24), Nitrile Compounds (1.06), Acyclic Hydrocarbons (0.58), Ethers (0.22), Dissolving Grades Chemical Woodpulp (0.01), Glycerol (-0.26), Sulfate Chemical Woodpulp (-0.4), Cocoa Powder (-0.46), and Magnesium Carbonate (-0.54). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

July, 2024

About

Overview In July 2024 Bahia exported $1B and imported $906M, resulting in a positive trade balance of $96.4M. Between July 2023 and July 2024 the exports of Bahia have increased by $19.1M (1.94%) from $984M to $1B, while imports increased by $203M (28.9%) from $703M to $906M.

Trade In July 2024, the top exports of Bahia were Soybeans ($300M), Sulfate Chemical Woodpulp ($124M), Refined Petroleum ($97.8M), Gold ($67.9M), and Soybean Meal ($67.5M). In July 2024 the top imports of Bahia were N/A.

Destinations In July 2024, Bahia exported mostly to China ($363M), Netherlands ($75.2M), Canada ($69.7M), United States ($61.2M), and Spain ($47.2M), and imported mostly from United States ($153M), Angola ($104M), Russia ($98.6M), Qatar ($92M), and Nigeria ($89.7M).

Growth In July 2024, the increase in Bahia's year-by-year exports was explained primarily by an increase in exports to China ($73.1M or 25.2%), Netherlands ($46.5M or 162%), and Thailand ($43.9M or 6.61k%), and product exports increase in Soybeans ($82.5M or 38%), Sulfate Chemical Woodpulp ($40.5M or 48.6%), and Cocoa Butter ($28.4M or 270%). In July 2024, the increase in Bahia's year-by-year imports was explained primarily by an increase in imports from Nigeria ($89.7M or 8.71M%), Qatar ($78.8M or 601%), and United States ($47.6M or 45%), and product imports increase in Petroleum Gas ($150M or 1.61k%), Crude Petroleum ($66.5M or 43.2%), and Nitrogenous Fertilizers ($10.2M or 143%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (July 2023 - July 2024)$19.1M(1.94%)

IMPORT GROWTH (July 2023 - July 2024)$203M(28.9%)

This section shows exports and imports data at subnational level for Bahia. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Bahia over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)China$3.22B

Top Product (2023)Soya beans: other than seed, whether...$2.39B

In 2023 the top export destinations of Bahia were China ($3.22B), Singapore ($1.29B), United States ($874M), Canada ($693M), and Argentina ($626M).

In 2023 the top exports of Bahia were Soya beans: other than seed, whether... ($2.39B), Light petroleum distillates nes ($2.26B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($905M), Soya-bean oil-cake and other solid residues ($708M), and Cotton, not carded or combed ($625M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jul 2023 - Jul 2024)

China $73.1M (25.2%)

Netherlands $46.5M (162%)

Thailand $43.9M (6.61k%)

Rapidly Declining Export Origins (Jul 2023 - Jul 2024)

Singapore -$124M (-99.2%)

Germany -$66.5M (-75.5%)

Argentina -$64.9M (-59%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)United States$1.47B

Top Import (2023)Petroleum oils, oils from bituminous minerals,...$2.18B

In 2023 the top import origins of Bahia were United States ($1.47B), China ($980M), Russia ($810M), Spain ($766M), and Angola ($691M).

In 2023 the top imports of Bahia were Petroleum oils, oils from bituminous minerals,... ($2.18B), Petroleum spirit for motor vehicles ($2.14B), Potassium chloride, in packs >10 kg ($277M), Light petroleum distillates nes ($222M), and Monoammonium phosphate & mix with diammonium,... ($167M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jul 2023 - Jul 2024)

Nigeria $89.7M (8.71M%)

Qatar $78.8M (601%)

United States $47.6M (45%)

Rapidly Declining Import Origins (Jul 2023 - Jul 2024)

Ghana -$71M (-97.9%)

Gabon -$37.3M (-45.7%)

Algeria -$27.5M (-76.9%)

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Economic Complexity

Economic Complexity of Bahia

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Geomap

Treemap

Economic Complexity (2023)-0.63

Bahia ranks 9th out of the 27 states in Brazil 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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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Bahia it is in position 9th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Bahia already has a comparative advantage, are led by Manganese Ore (0.15), Cobalt (0.12), Iron Ore (0.11), Petroleum Gas (0.11), and Cocoa Beans (0.11).

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Most Complex Products by PCI

The highest complexity exports of Bahia according to the product complexity index (PCI) are Epoxides (1.67), Unsaturated Acyclic Monocarboxylic Acids (1.24), Nitrile Compounds (1.06), Acyclic Hydrocarbons (0.58), Ethers (0.22), Dissolving Grades Chemical Woodpulp (0.01), Glycerol (-0.26), Sulfate Chemical Woodpulp (-0.4), Cocoa Powder (-0.46), and Magnesium Carbonate (-0.54). 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 Nickel Ore (106.74), Coconut and Other Vegetable Fibers (106.21), Dissolving Grades Chemical Woodpulp (106.01), Leather of Other Animals (64.17), and Magnesium Carbonate (62.91).

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Product Space

RCA Filter

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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.