Espírito Santo

State in Brazil

2019
Economic
Complexity
: -0.52, Rank 8 of 25

Feb 2021
Trade
Exports | Imports
: $469M | $398M, 10 of 28 | 9 of 29

Feb 2021
Country
Destination | Origin
: United States | China , $172M  | $124M

Feb 2021
Product
Exports | Imports
: Iron Ore | Coal Briquettes , $111M  | $49.9M

Overview: This page contains the latest international trade data for Espírito Santo, including export and import data.

Exports: In 2020, Brazil's Espírito Santo exported $5.13B, making it the 12th largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Espírito Santo were Iron ore, concentrate, not iron pyrites,... ($1.15B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($592M), Coffee, not roasted, not decaffeinated ($576M), Petroleum oils, oils from bituminous minerals,... ($567M), and Worked granite ($374M).

Imports: In 2020, Brazil's Espírito Santo imported $6.23B, making it the 8th largest importer out of the 27 importers in Brazil. In 2020 top imports of Espírito Santo were Tubing,flexible, with/without fittings, iron or steel ($904M), Bituminous coal, not agglomerated ($411M), Communication apparatus (excluding telephone sets or... ($386M), Fixed wing aircraft, unladen weight >... ($352M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($322M).

Economic Complexity: In 2019, the highest complexity exports of Espírito Santo according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Artificial Graphite (1.08), Steel Ingots (0.87), Precious Metal Compounds (0.51), and Hot-Rolled Iron (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Espírito Santo's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Brazil's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): United States, $1.64B

Top Product (2020): Iron ore, concentrate, not iron pyrites,..., $1.15B

In 2020 the top export destinations of Espírito Santo were United States ($1.64B), China ($654M), Malaysia ($332M), Netherlands ($252M), and Canada ($183M).

In 2020 the top exports of Espírito Santo were Iron ore, concentrate, not iron pyrites,... ($1.15B), Chem wood pulp, soda/sulphate, non-conifer, bleached ($592M), Coffee, not roasted, not decaffeinated ($576M), Petroleum oils, oils from bituminous minerals,... ($567M), and Worked granite ($374M).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Brazil, $1.2B

Top Import (2020): Tubing,flexible, with/without fittings, iron or steel, $904M

In 2020 the top import origins of Espírito Santo were Brazil ($1.2B), China ($1.13B), United States ($741M), Argentina ($410M), and Canada ($244M).

In 2020 the top imports of Espírito Santo were Tubing,flexible, with/without fittings, iron or steel ($904M), Bituminous coal, not agglomerated ($411M), Communication apparatus (excluding telephone sets or... ($386M), Fixed wing aircraft, unladen weight >... ($352M), and Fixed wing aircraft, unladen weight 2,000-15,000... ($322M).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

Economic Complexity

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Economic Complexity of Brazil

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Espírito Santo ranks 8th out of the 27 N/A in Brazil according to ECI.

Estimated using exports data.

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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 8th considering its ECI in the last year.

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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 (0.043), Copper Ore (0.039), Ground Nuts (0.039), Coconuts, Brazil Nuts, and Cashews (0.038), and Other Vegetable Products (0.038).

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 (1.47), Artificial Graphite (1.08), Steel Ingots (0.87), Precious Metal Compounds (0.51), and Hot-Rolled Iron (0.49). 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 (232), Building Stone (132), Flexible Metal Tubing (115), Granite (88), and Special Purpose Ships (85.7).

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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Depth
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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.