Espírito SantoState in Brazil
2022 Economic Complexity : -0.57, Rank 9 of 23
Apr 2023 Trade Exports | Imports: $669M | $741M, 13 of 28 | 9 of 27
Apr 2023 Country Destination | Origin: United States | China , $197M | $171M
Apr 2023 Product Exports | Imports: Iron ore, concentrate, not iron pyrites, agglomerated | Bituminous coal, not agglomerated , $233M | $112M
Overview This page contains the latest international trade data for Espírito Santo. In April 2023 Espírito Santo was the number 11 in total exports and the number 9 in total imports in Brazil.
Exports In 2022, Brazil's Espírito Santo exported $9.13B, making it the 11th largest exporter out of the 27 exporters in Brazil. In 2022 the top exports of Espírito Santo were Iron ore, concentrate, not iron pyrites,... ($2.7B), Semi-finished bars, iron or non-alloy steel... ($1.22B), Petroleum oils, oils from bituminous minerals,... ($970M), Chem wood pulp, soda/sulphate, non-conifer, bleached ($685M), and Coffee, not roasted, not decaffeinated ($577M).
Imports In 2022, Brazil's Espírito Santo imported $9.49B, making it the 9th largest importer out of the 27 importers in Brazil. In 2022 top imports of Espírito Santo were Bituminous coal, not agglomerated ($1.79B), Diesel Trucks < 5 tonnes ($698M), Fixed wing aircraft, unladen weight 2,000-15,000... ($508M), Waste or scrap, aluminium ($269M), and Anthracite, not agglomerated ($256M).
Economic Complexity In 2022, the highest complexity exports of Espírito Santo according to the product complexity index (PCI) are Steel Ingots (0.46), Sulfate Chemical Woodpulp (-0.39), Semi-Finished Iron (-0.83), Building Stone (-1), Quartz (-1.01), Pig Iron (-1.18), Coffee (-1.42), Granite (-1.46), Pepper (-1.73), and Iron Ore (-1.94). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
April, 2023
Overview In April 2023 Espírito Santo exported $669M and imported $741M, resulting in a negative trade balance of $72.7M. Between April 2022 and April 2023 the exports of Espírito Santo have decreased by $-204M (-23.4%) from $873M to $669M, while imports increased by $47.9M (6.91%) from $693M to $741M.
Trade In April 2023, the top exports of Espírito Santo were Iron Ore ($233M), Semi-Finished Iron ($103M), Building Stone ($70.8M), Sulfate Chemical Woodpulp ($62.7M), and Coffee ($43.2M). In April 2023 the top imports of Espírito Santo were Cars ($121M), Coal Briquettes ($117M), Delivery Trucks ($78.5M), Planes, Helicopters, and/or Spacecraft ($52M), and Telephones ($37.3M).
Destinations In April 2023, Espírito Santo exported mostly to United States ($197M), Argentina ($63.8M), Canada ($59.1M), China ($47.6M), and Malaysia ($42.8M), and imported mostly from China ($171M), United States ($136M), Argentina ($98.5M), Germany ($39.9M), and Mexico ($33.1M).
Growth In April 2023, the decrease in Espírito Santo's year-by-year exports was explained primarily by an decrease in exports to Singapore ($-23.2M or -50.3%), Canada ($-15.9M or -35.8%), and Spain ($-13.4M or -87.5%), and product exports decrease in Building Stone ($-17.5M or -26.7%), Coffee ($-13.8M or -28.3%), and Crude Petroleum ($-6.22M or -8.68%). In April 2023, the increase in Espírito Santo's year-by-year imports was explained primarily by an increase in imports from Australia ($129M or 1.75k%), Argentina ($28.5M or 104%), and Russia ($26.1M or 234%), and product imports increase in Coal Briquettes ($131M or 310%), Delivery Trucks ($31.2M or 324%), and Coke ($30.6M or 508%).
EXPORT GROWTH (April 2022 - April 2023): $-204M, (-23.4%)
IMPORT GROWTH (April 2022 - April 2023): $47.9M, (6.91%)
This section shows exports and imports data at subnational level for Espírito Santo. 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 Espírito Santo over time.
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Top Destination (2022): United States, $2.85B
Top Product (2022): Iron ore, concentrate, not iron pyrites,..., $2.7B
In 2022 the top export destinations of Espírito Santo were United States ($2.85B), Malaysia ($838M), Argentina ($560M), China ($378M), and Egypt ($371M).
In 2022 the top exports of Espírito Santo were Iron ore, concentrate, not iron pyrites,... ($2.7B), Semi-finished bars, iron or non-alloy steel... ($1.22B), Petroleum oils, oils from bituminous minerals,... ($970M), Chem wood pulp, soda/sulphate, non-conifer, bleached ($685M), and Coffee, not roasted, not decaffeinated ($577M).
Fastest Growing Exports Destination (Apr 2022 - Apr 2023)
Rapidly Declining Export Origins (Apr 2022 - Apr 2023)
Top Origin (2022): China, $2.16B
Top Import (2022): Bituminous coal, not agglomerated, $1.79B
In 2022 the top import origins of Espírito Santo were China ($2.16B), United States ($1.4B), Australia ($1.19B), Argentina ($899M), and Germany ($397M).
In 2022 the top imports of Espírito Santo were Bituminous coal, not agglomerated ($1.79B), Diesel Trucks < 5 tonnes ($698M), Fixed wing aircraft, unladen weight 2,000-15,000... ($508M), Waste or scrap, aluminium ($269M), and Anthracite, not agglomerated ($256M).
Economic Complexity (2022): -0.57
Espírito Santo 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.
The economic complexity of a territory can change year to year. Espírito Santo it is in position 9th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Espírito Santo already has a comparative advantage, are led by Ammonia (0.043), Dried Legumes (0.041), Rice (0.037), Raw Aluminium (0.037), and Ground Nut Oil (0.037).
The highest complexity exports of Espírito Santo according to the product complexity index (PCI) are Steel Ingots (0.46), Sulfate Chemical Woodpulp (-0.39), Semi-Finished Iron (-0.83), Building Stone (-1), Quartz (-1.01), Pig Iron (-1.18), Coffee (-1.42), Granite (-1.46), Pepper (-1.73), and Iron Ore (-1.94). 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 Building Stone (158.8), Quartz (137.4), Steel Ingots (115.9), Semi-Finished Iron (88.0), and Granite (86.4).
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.
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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