ParáState in Brazil
2019 Economic Complexity: -1.2, Rank 22 of 25
Feb 2021 Trade Exports | Imports: $2.07B | $81.8M, 3 of 28 | 16 of 29
Feb 2021 Country Destination | Origin: China | United States , $1.12B | $37.6M
Feb 2021 Product Exports | Imports: Iron Ore | Refined Petroleum , $1.56B | $19.7M
Overview: This page contains the latest international trade data for Pará, including export and import data.
Exports: In 2020, Brazil's Pará exported $20.5B, making it the 4th largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Pará were Iron ore, concentrate, not iron pyrites,unagglomerate ($14B), Copper ores and concentrates ($1.94B), Aluminium oxide, except artificial corundum ($1.14B), Soya beans: other than seed, whether... ($759M), and Bovine cuts boneless, frozen ($407M).
Imports: In 2020, Brazil's Pará imported $1.2B, making it the 17th largest importer out of the 27 importers in Brazil. In 2020 top imports of Pará were Light petroleum distillates nes ($143M), Sodium hydroxide (caustic soda) in aqueous... ($125M), Dump trucks designed for off-highway use ($96.6M), Petroleum spirit for motor vehicles ($90.3M), and Rubber; new pneumatic tyres, of a... ($75.2M).
Economic Complexity: In 2019, the highest complexity exports of Pará according to the product complexity index (PCI) are Dissolving Grades Chemical Woodpulp (0.35), Hydrogen (0.28), Kaolin (-0.16), Edible Offal (-0.51), and Pig Iron (-0.57). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In February 2021 Pará exported $2.07B and imported $81.8M, resulting in a positive trade balance of $1.99B. Between February 2020 and February 2021 the exports of Pará have increased by $672M (48.2%) from $1.39B to $2.07B, while imports increased by $4.44M (5.74%) from $77.3M to $81.8M.
Trade: In February 2021, the top exports of Pará were Iron Ore ($1.56B), Copper Ore ($153M), Aluminium Oxide ($138M), Gold ($37.1M), and Ferroalloys ($31.4M). In February 2021 the top imports of Pará were Refined Petroleum ($19.7M), Mixed Mineral or Chemical Fertilizers ($9.13M), Sodium or Potassium Peroxides ($9.03M), Potassic Fertilizers ($6.51M), and Coal Briquettes ($4.73M).
Destinations: In February 2021, Pará exported mostly to China ($1.12B), Philippines ($105M), Malaysia ($105M), Canada ($63.4M), and Norway ($62M), and imported mostly from United States ($37.6M), Russia ($10.5M), China ($7.73M), Turkmenistan ($3.87M), and Morocco ($3.69M).
Growth: In February 2021, the increase in Pará's year-by-year exports was explained primarily by an increase in exports to China ($473M or 73.2%), Philippines ($100M or 1.88k%), and Spain ($41M or 510%), and product exports increase in Iron Ore ($656M or 72.6%), Aluminium Oxide ($29.1M or 26.7%), and Ferroalloys ($22.9M or 268%). In February 2021, the increase in Pará's year-by-year imports was explained primarily by an increase in imports from Russia ($9.89M or 1.69k%), China ($5.01M or 185%), and Morocco ($3.69M or 209k%), and product imports increase in Potassic Fertilizers ($4.96M or 320%), Rubber Belting ($3.05M or 42.9k%), and Coal Briquettes ($2.39M or 102%).
EXPORT GROWTH (February 2020 - February 2021): $672M, (48.2%)
IMPORT GROWTH (February 2020 - February 2021): $4.44M, (5.74%)
This section shows exports and imports data at subnational level for Pará. 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 Pará over time.
This section shows the differences between Pará's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Brazil's country profile.
Top Destination (2020): China, $11.9B
Top Product (2020): Iron ore, concentrate, not iron pyrites,unagglomerate, $14B
In 2020 the top export destinations of Pará were China ($11.9B), Malaysia ($1.39B), Japan ($709M), Germany ($619M), and Norway ($527M).
In 2020 the top exports of Pará were Iron ore, concentrate, not iron pyrites,unagglomerate ($14B), Copper ores and concentrates ($1.94B), Aluminium oxide, except artificial corundum ($1.14B), Soya beans: other than seed, whether... ($759M), and Bovine cuts boneless, frozen ($407M).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
Top Origin (2020): United States, $668M
Top Import (2020): Light petroleum distillates nes, $143M
In 2020 the top import origins of Pará were United States ($668M), Russia ($79.6M), China ($51.3M), Argentina ($41.8M), and Spain ($41M).
In 2020 the top imports of Pará were Light petroleum distillates nes ($143M), Sodium hydroxide (caustic soda) in aqueous... ($125M), Dump trucks designed for off-highway use ($96.6M), Petroleum spirit for motor vehicles ($90.3M), and Rubber; new pneumatic tyres, of a... ($75.2M).
Pará ranks 22nd out of the 27 N/A in Brazil according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Pará it is in position 22nd considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Pará already has a comparative advantage, are led by Rice (0.05), Ground Nuts (0.048), Crustaceans (0.045), Gold (0.045), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.045).
The highest complexity exports of Pará according to the product complexity index (PCI) are Dissolving Grades Chemical Woodpulp (0.35), Hydrogen (0.28), Kaolin (-0.16), Edible Offal (-0.51), and Pig Iron (-0.57). 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 Iron Ore (112), Kaolin (85.8), Aluminium Oxide (72.2), Manganese Ore (52.1), and Aluminium Ore (48.7).
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 Pará 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.
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