PernambucoState in Brazil
2020 Economic Complexity : -0.6, Rank 10 of 23
Jan 2023 Trade Exports | Imports: $219M | $638M, 15 of 28 | 10 of 28
Jan 2023 Country Destination | Origin: Singapore | Argentina , $122M | $124M
Jan 2023 Product Exports | Imports: Light petroleum distillates nes | Light petroleum distillates nes , $124M | $147M
Overview This page contains the latest international trade data for Pernambuco. In January 2023 Pernambuco was the number 15 in total exports and the number 10 in total imports in Brazil.
Exports In 2022, Brazil's Pernambuco exported $2.49B, making it the 15th largest exporter out of the 27 exporters in Brazil. In 2022 the top exports of Pernambuco were Light petroleum distillates nes ($879M), Polyethylene terephthalate (viscosity > 78ml/g) ($288M), Small Sized Cars ($154M), Medium Sized Cars ($148M), and Refined sugar, in solid form, nes,... ($136M).
Imports In 2022, Brazil's Pernambuco imported $7.86B, making it the 10th largest importer out of the 27 importers in Brazil. In 2022 top imports of Pernambuco were Light petroleum distillates nes ($1.54B), Propane, liquefied ($802M), Petroleum spirit for motor vehicles ($516M), Transmissions for motor vehicles ($323M), and Cereals: wheat and meslin, other than... ($251M).
Economic Complexity In 2020, the highest complexity exports of Pernambuco according to the product complexity index (PCI) are Polyacetals (0.82), Aluminium Foil (0.47), Metal Stoppers (0.14), Petroleum Coke (-0.77), and Grapes (-1.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
January, 2023
Overview In January 2023 Pernambuco exported $219M and imported $638M, resulting in a negative trade balance of $418M. Between January 2022 and January 2023 the exports of Pernambuco have decreased by $-59.5M (-21.3%) from $279M to $219M, while imports increased by $147M (30%) from $490M to $638M.
Trade In January 2023, the top exports of Pernambuco were Refined Petroleum ($124M), Raw Sugar ($40.3M), Petroleum Coke ($8.74M), Alcohol > 80% ABV ($6.6M), and Polyacetals ($6.59M). In January 2023 the top imports of Pernambuco were Refined Petroleum ($161M), Petroleum Gas ($54.2M), Motor vehicles; parts and accessories (8701... ($41.9M), Delivery Trucks ($31.6M), and Cyclic Hydrocarbons ($27.3M).
Destinations In January 2023, Pernambuco exported mostly to Singapore ($122M), Mauritania ($14.7M), Democratic Republic of the Congo ($12.3M), Argentina ($10.4M), and China ($9.17M), and imported mostly from Argentina ($124M), China ($98.7M), United Arab Emirates ($84.9M), Bahrain ($58M), and United States ($53.8M).
Growth In January 2023, the decrease in Pernambuco's year-by-year exports was explained primarily by an decrease in exports to Netherlands ($-8.25M or -73.5%), Canada ($-3.55M or -95.7%), and Uruguay ($-3.12M or -46.5%), and product exports decrease in Tropical Fruits ($-1.06M or -24.1%), Synthetic Rubber ($-899k or -57.2%), and Bathroom Ceramics ($-351k or -95.3%). In January 2023, the increase in Pernambuco's year-by-year imports was explained primarily by an increase in imports from India ($58M or 327%), Switzerland ($21.9M or 2.76k%), and Argentina ($19.3M or 70.5%), and product imports increase in Petroleum Gas ($36.5M or 104%), Refined Petroleum ($19.7M or 36.7%), and Wheat ($7.15M or 63.3%).
EXPORT GROWTH (January 2022 - January 2023): $-59.5M, (-21.3%)
IMPORT GROWTH (January 2022 - January 2023): $147M, (30%)
This section shows exports and imports data at subnational level for Pernambuco. 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 Pernambuco over time.
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Top Destination (2022): Singapore, $855M
Top Product (2022): Light petroleum distillates nes, $879M
In 2022 the top export destinations of Pernambuco were Singapore ($855M), Argentina ($435M), United States ($202M), Netherlands ($101M), and Chile ($84.3M).
In 2022 the top exports of Pernambuco were Light petroleum distillates nes ($879M), Polyethylene terephthalate (viscosity > 78ml/g) ($288M), Small Sized Cars ($154M), Medium Sized Cars ($148M), and Refined sugar, in solid form, nes,... ($136M).
Top Origin (2022): United States, $2.56B
Top Import (2022): Light petroleum distillates nes, $1.54B
In 2022 the top import origins of Pernambuco were United States ($2.56B), China ($996M), Argentina ($831M), Mexico ($465M), and Italy ($369M).
In 2022 the top imports of Pernambuco were Light petroleum distillates nes ($1.54B), Propane, liquefied ($802M), Petroleum spirit for motor vehicles ($516M), Transmissions for motor vehicles ($323M), and Cereals: wheat and meslin, other than... ($251M).
Fastest Growing Import Origins (Jan 2022 - Jan 2023)
Rapidly Declining Import Origins (Jan 2022 - Jan 2023)
Economic Complexity (2022): -0.6
Pernambuco ranks 10th 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. Pernambuco it is in position 10th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Pernambuco already has a comparative advantage, are led by Gold (0.078), Other Oily Seeds (0.073), Bananas (0.068), Wheat Flours (0.067), and Packing Bags (0.067).
The highest complexity exports of Pernambuco according to the product complexity index (PCI) are Polyacetals (0.82), Aluminium Foil (0.47), Metal Stoppers (0.14), Petroleum Coke (-0.77), and Grapes (-1.19). 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 Raw Sugar (69.3), Grapes (52.6), Tropical Fruits (47.2), Metal Stoppers (36.7), and Polyacetals (35.9).
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.
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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