Pernambuco

State in Brazil

2019
Economic
Complexity
: -0.51, Rank 7 of 25

Feb 2021
Trade
Exports | Imports
: $85.8M | $321M, 16 of 28 | 11 of 29

Feb 2021
Country
Destination | Origin
: Argentina | United States , $12.6M  | $97.9M

Feb 2021
Product
Exports | Imports
: Raw Sugar | Refined Petroleum , $19.7M  | $51.3M

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

Exports: In 2020, Brazil's Pernambuco exported $1.57B, making it the 15th largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Pernambuco were Light petroleum distillates nes ($441M), Poly(ethylene terephthalate); in primary forms, having... ($134M), Medium Sized Cars ($133M), Refined sugar, in solid form, nes,... ($116M), and Guavas, mangoes and mangosteens, fresh or... ($95.3M).

Imports: In 2020, Brazil's Pernambuco imported $3.45B, making it the 10th largest importer out of the 27 importers in Brazil. In 2020 top imports of Pernambuco were Propane, liquefied ($353M), Light petroleum distillates nes ($266M), Petroleum spirit for motor vehicles ($186M), P-xylene ($179M), and Cereals: wheat and meslin, other than... ($140M).

Economic Complexity: In 2019, the highest complexity exports of Pernambuco according to the product complexity index (PCI) are Abrasive Powder (1.2), Cars (0.98), Electric Batteries (0.97), Synthetic Rubber (0.95), and Polyacetals (0.87). 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 Pernambuco'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): Singapore, $402M

Top Product (2020): Light petroleum distillates nes, $441M

In 2020 the top export destinations of Pernambuco were Singapore ($402M), Argentina ($331M), United States ($195M), Netherlands ($106M), and Colombia ($74.4M).

In 2020 the top exports of Pernambuco were Light petroleum distillates nes ($441M), Poly(ethylene terephthalate); in primary forms, having... ($134M), Medium Sized Cars ($133M), Refined sugar, in solid form, nes,... ($116M), and Guavas, mangoes and mangosteens, fresh or... ($95.3M).

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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): United States, $1.23B

Top Import (2020): Propane, liquefied, $353M

In 2020 the top import origins of Pernambuco were United States ($1.23B), Argentina ($442M), China ($382M), Mexico ($167M), and Switzerland ($126M).

In 2020 the top imports of Pernambuco were Propane, liquefied ($353M), Light petroleum distillates nes ($266M), Petroleum spirit for motor vehicles ($186M), P-xylene ($179M), and Cereals: wheat and meslin, other than... ($140M).

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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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Pernambuco ranks 7th 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. Pernambuco it is in position 7th 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 Pernambuco already has a comparative advantage, are led by Gold (0.058), Other Oily Seeds (0.057), Other Processed Fruits and Nuts (0.056), Cement (0.055), and Other Vegetable Products (0.055).

Most Complex Products by PCI

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The highest complexity exports of Pernambuco according to the product complexity index (PCI) are Abrasive Powder (1.2), Cars (0.98), Electric Batteries (0.97), Synthetic Rubber (0.95), and Polyacetals (0.87). 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 Metal Stoppers (93.1), Grapes (76.8), Tropical Fruits (74.6), Raw Sugar (42.3), and Polyacetals (37.1).

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 Pernambuco 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  Pernambuco. These are products that tend to be co-exported with the products that Pernambuco 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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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.