PiauíState 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.
Overview: In February 2021 Piauí exported $18.5M and imported $12.6M, resulting in a positive trade balance of $5.92M. Between February 2020 and February 2021 the exports of Piauí have increased by $3.26M (21.4%) from $15.2M to $18.5M, while imports decreased by $-12.3M (-49.3%) from $24.8M to $12.6M.
Trade: In February 2021, the top exports of Piauí were Honey ($5.89M), Corn ($5.3M), Waxes ($4.59M), Raw Cotton ($1.32M), and Oxygen Heterocyclic Compounds ($600k). In February 2021 the top imports of Piauí were Hot-Rolled Iron ($7.09M), Potassic Fertilizers ($1.22M), Nitrogenous Fertilizers ($1.18M), Bi-Wheel Vehicle Parts ($500k), and Tanned Sheep Hides ($296k).
Destinations: In February 2021, Piauí exported mostly to United States ($8.05M), Vietnam ($5.81M), Germany ($1.79M), China ($1.24M), and Italy ($631k), and imported mostly from Russia ($7.09M), China ($2.94M), Israel ($1.28M), Spain ($195k), and Nigeria ($169k).
Growth: In February 2021, the increase in Piauí's year-by-year exports was explained primarily by an increase in exports to United States ($6.38M or 382%), Italy ($498k or 372%), and India ($66.1k or 110%), and product exports increase in Honey ($5.49M or 1.37k%), Corn ($540k or 11.4%), and Electrical Transformers ($283k or 457k%). In February 2021, the decrease in Piauí's year-by-year imports was explained primarily by an decrease in imports from China ($-17.2M or -85.4%), Italy ($-1.39M or -96%), and United States ($-1.12M or -97%), and product imports decrease in Semiconductor Devices ($-18.8M or -99.6%), Electrical Transformers ($-1.69M or -97.8%), and Electrical Control Boards ($-777k or -98.6%).
EXPORT GROWTH (February 2020 - February 2021): $3.26M, (21.4%)
IMPORT GROWTH (February 2020 - February 2021): $-12.3M, (-49.3%)
This section shows exports and imports data at subnational level for Piauí. 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 Piauí over time.
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.
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).
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).
Fastest Growing Import Origins (Feb 2020 - Feb 2021)
Rapidly Declining Import Origins (Feb 2020 - Feb 2021)
Piauí ranks 24th 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. Piauí it is in position 24th considering its ECI in the last year.
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).
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.
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.
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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