BahiaState in Brazil
2020 Economic Complexity : -0.63, Rank 10 of 23
Jun 2022 Trade Exports | Imports: $1.16B | $882M, 11 of 28 | 9 of 27
Jun 2022 Country Destination | Origin: China | China , $236M | $179M
Jun 2022 Product Exports | Imports: Soya beans: other than seed, whether or not... | Petroleum spirit for motor vehicles , $247M | $142M
Overview This page contains the latest international trade data for Bahia. In June 2022 Bahia was the number 9 in total exports and the number 8 in total imports in Brazil.
Exports In 2021, Brazil's Bahia exported $9.9B, making it the 9th largest exporter out of the 27 exporters in Brazil. In 2021 the top exports of Bahia were Soya beans: other than seed, whether... ($1.88B), Light petroleum distillates nes ($1.19B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($785M), Cotton, not carded or combed ($604M), and Soya-bean oil-cake and other solid residues ($484M).
Imports In 2021, Brazil's Bahia imported $8.05B, making it the 8th largest importer out of the 27 importers in Brazil. In 2021 top imports of Bahia were Petroleum spirit for motor vehicles ($2.02B), Natural gas, liquefied ($961M), Copper ores and concentrates ($437M), Light petroleum distillates nes ($333M), and Photosensitive/photovoltaic/LED semiconductor devices ($224M).
Economic Complexity In 2020, the highest complexity exports of Bahia according to the product complexity index (PCI) are Nitrile Compounds (1.08), Dissolving Grades Chemical Woodpulp (0.45), Inorganic Salts (-0.43), Cocoa Powder (-0.79), and Magnesium Carbonate (-0.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2022
Overview In June 2022 Bahia exported $1.16B and imported $882M, resulting in a positive trade balance of $281M. Between June 2021 and June 2022 the exports of Bahia have increased by $220M (23.4%) from $942M to $1.16B, while imports increased by $19.3M (2.24%) from $862M to $882M.
Trade In June 2022, the top exports of Bahia were Soybeans ($247M), Refined Petroleum ($221M), Sulfate Chemical Woodpulp ($71.4M), Soybean Meal ($65.6M), and Raw Copper ($49.9M). In June 2022 the top imports of Bahia were Refined Petroleum ($157M), Crude Petroleum ($116M), Potassic Fertilizers ($53.4M), Semiconductor Devices ($51.3M), and Mixed Mineral or Chemical Fertilizers ($51.1M).
Destinations In June 2022, Bahia exported mostly to China ($236M), United States ($187M), Singapore ($93.6M), Argentina ($90.5M), and Virgin Islands ($85.6M), and imported mostly from China ($179M), United States ($135M), Nigeria ($116M), Indonesia ($52M), and Russia ($40.8M).
Growth In June 2022, the increase in Bahia's year-by-year exports was explained primarily by an increase in exports to China ($73.2M or 72.7%), United States ($32.7M or 47.7%), and France ($19.7M or 81.9%), and product exports increase in Copper Ore ($47.9M or 129k%), Sulfate Chemical Woodpulp ($12.1M or 18.1%), and Dissolving Grades Chemical Woodpulp ($8.67M or 49.1%). In June 2022, the increase in Bahia's year-by-year imports was explained primarily by an increase in imports from United States ($123M or 167%), Chile ($70.9M or 1.67k%), and Spain ($55.5M or 194%), and product imports increase in Refined Petroleum ($230M or 297%), Delivery Trucks ($7.67M or 93.9%), and Electric Motors ($7.14M or 147%).
EXPORT GROWTH (June 2021 - June 2022): $220M, (23.4%)
IMPORT GROWTH (June 2021 - June 2022): $19.3M, (2.24%)
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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Top Destination (2021): China, $2.77B
Top Product (2021): Soya beans: other than seed, whether..., $1.88B
In 2021 the top export destinations of Bahia were China ($2.77B), United States ($1.17B), Singapore ($1.06B), Argentina ($493M), and Netherlands ($479M).
In 2021 the top exports of Bahia were Soya beans: other than seed, whether... ($1.88B), Light petroleum distillates nes ($1.19B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($785M), Cotton, not carded or combed ($604M), and Soya-bean oil-cake and other solid residues ($484M).
Fastest Growing Exports Destination (Jun 2021 - Jun 2022)
Rapidly Declining Export Origins (Jun 2021 - Jun 2022)
Top Origin (2021): United States, $2.66B
Top Import (2021): Petroleum spirit for motor vehicles, $2.02B
In 2021 the top import origins of Bahia were United States ($2.66B), China ($1.19B), Spain ($694M), Chile ($425M), and Argentina ($286M).
In 2021 the top imports of Bahia were Petroleum spirit for motor vehicles ($2.02B), Natural gas, liquefied ($961M), Copper ores and concentrates ($437M), Light petroleum distillates nes ($333M), and Photosensitive/photovoltaic/LED semiconductor devices ($224M).
Economic Complexity (2021): -0.63
Bahia ranks 10th 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.
The economic complexity of a territory can change year to year. Bahia it is in position 10th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Bahia already has a comparative advantage, are led by Petroleum Gas (0.13), Coconuts, Brazil Nuts, and Cashews (0.12), Ground Nuts (0.12), Rice (0.11), and Other Oily Seeds (0.1).
The highest complexity exports of Bahia according to the product complexity index (PCI) are Nitrile Compounds (1.08), Dissolving Grades Chemical Woodpulp (0.45), Inorganic Salts (-0.43), Cocoa Powder (-0.79), and Magnesium Carbonate (-0.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Coconut and Other Vegetable Fibers (131.6), Nickel Ore (126.1), Leather of Other Animals (117.8), Dissolving Grades Chemical Woodpulp (89.4), and Raw Cotton (72.2).
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.
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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