Mato GrossoState in Brazil
2020 Economic Complexity : -1.15, Rank 19 of 23
Jan 2023 Trade Exports | Imports: $1.72B | $202M, 5 of 28 | 17 of 28
Jan 2023 Country Destination | Origin: China | Russia , $343M | $40.9M
Jan 2023 Product Exports | Imports: Maize except seed corn | Potassium chloride, in packs >10 kg , $820M | $55.2M
Overview This page contains the latest international trade data for Mato Grosso. In January 2023 Mato Grosso was the number 4 in total exports and the number 13 in total imports in Brazil.
Exports In 2022, Brazil's Mato Grosso exported $32.5B, making it the 4th largest exporter out of the 27 exporters in Brazil. In 2022 the top exports of Mato Grosso were Soya beans: other than seed, whether... ($14.4B), Maize except seed corn ($6.74B), Soya-bean oil-cake and other solid residues ($3.57B), Bovine cuts boneless, frozen ($2.56B), and Cotton, not carded or combed ($2.5B).
Imports In 2022, Brazil's Mato Grosso imported $5.79B, making it the 13th largest importer out of the 27 importers in Brazil. In 2022 top imports of Mato Grosso were Potassium chloride, in packs >10 kg ($1.93B), Urea, including aqueous solution in packs... ($803M), Fertilizers with nitrogen and phosphorus nes,... ($649M), Ammonium sulphate, in packs >10 kg ($452M), and Herbicides, anti-sprouting products and plant-growth regulators ($401M).
Economic Complexity In 2020, the highest complexity exports of Mato Grosso according to the product complexity index (PCI) are Gelatin (0.06), Glycerol (-0.0022), Soybean Oil (-0.81), Shaped Wood (-0.92), and Frozen Bovine Meat (-1.01). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
January, 2023
Overview In January 2023 Mato Grosso exported $1.72B and imported $202M, resulting in a positive trade balance of $1.52B. Between January 2022 and January 2023 the exports of Mato Grosso have increased by $234M (15.7%) from $1.49B to $1.72B, while imports decreased by $-43M (-17.5%) from $245M to $202M.
Trade In January 2023, the top exports of Mato Grosso were Corn ($820M), Soybean Meal ($291M), Raw Cotton ($186M), Frozen Bovine Meat ($162M), and Gold ($69.8M). In January 2023 the top imports of Mato Grosso were Nitrogenous Fertilizers ($60M), Potassic Fertilizers ($55.3M), Mixed Mineral or Chemical Fertilizers ($26M), Planes, Helicopters, and/or Spacecraft ($16.4M), and Pesticides ($9.43M).
Destinations In January 2023, Mato Grosso exported mostly to China ($343M), Vietnam ($118M), Colombia ($107M), South Korea ($93.8M), and Netherlands ($85.9M), and imported mostly from Russia ($40.9M), China ($30.3M), United States ($24M), Canada ($20.4M), and Israel ($17.7M).
Growth In January 2023, the increase in Mato Grosso's year-by-year exports was explained primarily by an increase in exports to China ($128M or 73.7%), Iran ($75M or 246%), and Egypt ($63.4M or 80.1%), and product exports increase in Soybeans ($265M or 855M%), Corn ($163M or 52.7%), and Soybean Oil ($45.1M or 1.49k%). In January 2023, the decrease in Mato Grosso's year-by-year imports was explained primarily by an decrease in imports from Qatar ($-21.5M or -96.3%), Canada ($-10.1M or -58.1%), and Israel ($-6.34M or -41.1%), and product imports decrease in Potassic Fertilizers ($-17.4M or -29.2%), Centrifuges ($-2.84M or -96.2%), and Petroleum Gas ($-2.64M or -14.5%).
EXPORT GROWTH (January 2022 - January 2023): $234M, (15.7%)
IMPORT GROWTH (January 2022 - January 2023): $-43M, (-17.5%)
This section shows exports and imports data at subnational level for Mato Grosso. 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 Mato Grosso over time.
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Top Destination (2022): China, $11.2B
Top Product (2022): Soya beans: other than seed, whether..., $14.4B
In 2022 the top export destinations of Mato Grosso were China ($11.2B), Spain ($1.57B), Thailand ($1.4B), Iran ($1.35B), and Vietnam ($1.18B).
In 2022 the top exports of Mato Grosso were Soya beans: other than seed, whether... ($14.4B), Maize except seed corn ($6.74B), Soya-bean oil-cake and other solid residues ($3.57B), Bovine cuts boneless, frozen ($2.56B), and Cotton, not carded or combed ($2.5B).
Top Origin (2022): China, $1.11B
Top Import (2022): Potassium chloride, in packs >10 kg, $1.93B
In 2022 the top import origins of Mato Grosso were China ($1.11B), Canada ($876M), Russia ($854M), United States ($651M), and Israel ($412M).
In 2022 the top imports of Mato Grosso were Potassium chloride, in packs >10 kg ($1.93B), Urea, including aqueous solution in packs... ($803M), Fertilizers with nitrogen and phosphorus nes,... ($649M), Ammonium sulphate, in packs >10 kg ($452M), and Herbicides, anti-sprouting products and plant-growth regulators ($401M).
Economic Complexity (2022): -1.15
Mato Grosso ranks 19th 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. Mato Grosso it is in position 19th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Mato Grosso already has a comparative advantage, are led by Manganese Ore (0.052), Ground Nuts (0.046), Rice (0.04), Raw Sugar (0.037), and Coconuts, Brazil Nuts, and Cashews (0.033).
The highest complexity exports of Mato Grosso according to the product complexity index (PCI) are Gelatin (0.06), Glycerol (-0.0022), Soybean Oil (-0.81), Shaped Wood (-0.92), and Frozen Bovine Meat (-1.01). 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 Soybeans (131.7), Corn (99.5), Raw Cotton (90.5), Soybean Meal (75.8), and Soybean Oil (54.5).
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 Mato Grosso 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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