Piauí

State in Brazil

2019
Economic
Complexity
: -1.34, Rank 24 of 25

Feb 2021
Trade
Exports | Imports
: $18.5M | $12.6M, 25 of 28 | 23 of 29

Feb 2021
Country
Destination | Origin
: United States | Russia , $8.05M  | $7.09M

Feb 2021
Product
Exports | Imports
: Honey | Hot-Rolled Iron , $5.89M  | $7.09M

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

Exports: In 2020, Brazil's Piauí exported $581M, making it the 19th largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Piauí were Soya beans: other than seed, whether... ($407M), Vegetable waxes except triglycerides ($47.9M), Maize except seed corn ($47.7M), Soya-bean oil-cake and other solid residues ($26.4M), and Honey, natural ($21.1M).

Imports: In 2020, Brazil's Piauí imported $300M, making it the 21st largest importer out of the 27 importers in Brazil. In 2020 top imports of Piauí were Photosensitive/photovoltaic/LED semiconductor devices ($148M), Machines and mechanical appliances nes ($21.7M), Static converters, nes ($13.3M), Cereals: wheat and meslin, other than... ($11.2M), and Iron or non-alloy steel: in coils,... ($11.2M).

Economic Complexity: In 2019, the highest complexity exports of Piauí according to the product complexity index (PCI) are Oxygen Heterocyclic Compounds (0.68), Honey (-1.02), Soybean Meal (-1.07), Quartz (-1.07), and Corn (-1.07). 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 Piauí'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): China, $317M

Top Product (2020): Soya beans: other than seed, whether..., $407M

In 2020 the top export destinations of Piauí were China ($317M), Iran ($35.3M), United States ($34.6M), Thailand ($26.3M), and Germany ($24.7M).

In 2020 the top exports of Piauí were Soya beans: other than seed, whether... ($407M), Vegetable waxes except triglycerides ($47.9M), Maize except seed corn ($47.7M), Soya-bean oil-cake and other solid residues ($26.4M), and Honey, natural ($21.1M).

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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): China, $181M

Top Import (2020): Photosensitive/photovoltaic/LED semiconductor devices, $148M

In 2020 the top import origins of Piauí were China ($181M), Spain ($33.8M), Russia ($17.7M), Italy ($16M), and Ukraine ($11.3M).

In 2020 the top imports of Piauí were Photosensitive/photovoltaic/LED semiconductor devices ($148M), Machines and mechanical appliances nes ($21.7M), Static converters, nes ($13.3M), Cereals: wheat and meslin, other than... ($11.2M), and Iron or non-alloy steel: in coils,... ($11.2M).

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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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Piauí ranks 24th 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. Piauí it is in position 24th 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 Piauí already has a comparative advantage, are led by Other Oily Seeds (0.02), Soybean Oil (0.012), Non-Knit Women's Suits (0.01), Scrap Copper (0.01), and Marble, Travertine and Alabaster (0.0097).

Most Complex Products by PCI

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The highest complexity exports of Piauí according to the product complexity index (PCI) are Oxygen Heterocyclic Compounds (0.68), Honey (-1.02), Soybean Meal (-1.07), Quartz (-1.07), and Corn (-1.07). 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 Soybeans (236), Honey (134), Soybean Meal (40.2), Quartz (29), and Raw Cotton (25.2).

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