Espírito Santo

State in Brazil

Exports (2019): $8.8B, Rnk 9/27

Top Destination (2019): $2.45B, United States

Top Export (2019): $2.05B, Iron ore, concentrate, not iron pyrites,...

Imports (2019): $6.27B, Rnk 9/27

Top Origin (2019): $1.16B, China

Top Import (2019): $874M, Bituminous coal, not agglomerated

Economic Complexity (2019): -0.59, Rnk 11 / 27

Exports: In 2019, Brazil's Espírito Santo exported $8.8B, making it the 9th largest exporter out of the 27 exporters in Brazil. In 2019 the top exports of Espírito Santo were Iron ore, concentrate, not iron pyrites,... ($2.05B), Floating, submersible drilling or production platform ($1.5B), Petroleum oils, oils from bituminous minerals,... ($1.01B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($605M), and Semi-finished bars, iron or non-alloy steel... ($585M).

Imports: In 2019, Brazil's Espírito Santo imported $6.27B, making it the 9th largest importer out of the 27 importers in Brazil. In 2019 top imports of Espírito Santo were Bituminous coal, not agglomerated ($874M), Communication apparatus (excluding telephone sets or... ($365M), Taps, cocks, valves and similar appliances,... ($349M), Medium Sized Cars ($316M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($250M).

Economic Complexity: In 2019, the highest complexity exports of Espírito Santo according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Artificial Graphite (1.16), Steel Ingots (0.7), Precious Metal Compounds (0.61), and Hot-Rolled Iron (0.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): United States, $2.45B

Top Product (2019): Iron ore, concentrate, not iron pyrites,..., $2.05B

In 2019 the top export destinations of Espírito Santo were United States ($2.45B), Netherlands ($1.9B), China ($506M), India ($348M), and Egypt ($250M).

In 2019 the top exports of Espírito Santo were Iron ore, concentrate, not iron pyrites,... ($2.05B), Floating, submersible drilling or production platform ($1.5B), Petroleum oils, oils from bituminous minerals,... ($1.01B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($605M), and Semi-finished bars, iron or non-alloy steel... ($585M).

Export Dynamics

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Fastest Growing Exports Destination (May 2019 - May 2020)

Rapidly Declining Export Origins (May 2019 - May 2020)

Value
Depth

Top Origin (2019): China, $1.16B

Top Import (2019): Bituminous coal, not agglomerated, $874M

In 2019 the top import origins of Espírito Santo were China ($1.16B), United States ($978M), Argentina ($607M), Brazil ($509M), and Australia ($423M).

In 2019 the top imports of Espírito Santo were Bituminous coal, not agglomerated ($874M), Communication apparatus (excluding telephone sets or... ($365M), Taps, cocks, valves and similar appliances,... ($349M), Medium Sized Cars ($316M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($250M).

Import Dynamics

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Fastest Growing Import Origins (May 2019 - May 2020)

Rapidly Declining Import Origins (May 2019 - May 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Espírito Santo throughout time.

Comparison Map

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Value

The states of Brazil with the highest exports in 2019 were São Paulo ($48.9B), Rio De Janeiro ($28.6B), Minas Gerais ($25.1B), Rio Grande Do Sul ($18.5B), and Pará ($17.8B)

The states of Brazil with the highest imports in 2019 were São Paulo ($59.3B), Rio De Janeiro ($21.2B), Santa Catarina ($16.9B), Paraná ($12.7B), and Amazonas ($10.2B)

This section shows forecasts for total exports and imports from Espírito Santo. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of Brazil

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Espírito Santo ranks 11th out of the 27 states in Brazil according to ECI.

Estimated using exports data.

Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Espírito Santo it is in position 11th considering its ECI in the last year.

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Espírito Santo already has a comparative advantage, are led by Soybeans (0.044), Coconuts, Brazil Nuts, and Cashews (0.041), Copper Ore (0.04), Rice (0.039), and Ground Nuts (0.039).

Most Complex Products by PCI

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The highest complexity exports of Espírito Santo according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Artificial Graphite (1.16), Steel Ingots (0.7), Precious Metal Compounds (0.61), and Hot-Rolled Iron (0.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Steel Ingots (225), Flexible Metal Tubing (150), Building Stone (125), Special Purpose Ships (103), and Granite (79.3).

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 Espírito Santo 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.

Relatedness Space

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This network shows the products most related to the production structure of  Espírito Santo. These are products that tend to be co-exported with the products that Espírito Santo exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Filter
Depth

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.