Economic Complexity: In 2019, the highest complexity exports of Ceará according to the product complexity index (PCI) are Steel Ingots (0.87), Electric Motor Parts (0.55), Iron Stovetops (0.43), Mill Machinery (0.2), and Metal Stoppers (0.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities according to the relatedness level, without considering those products were Ceará already has a comparative advantage, are led by Raw Sugar (0.074), Tropical Fruits (0.073), Pepper (0.071), Packing Bags (0.071), and Other Oily Seeds (0.068).
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 Ceará 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.
This network shows the products most related to the production structure of Ceará. These are products that tend to be co-exported with the products that Ceará exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.