Piauí

State in Brazil

Exports (2019): $543M, Rnk 19/27

Top Destination (2019): $357M, China

Top Export (2019): $413M, Soya beans: other than seed, whether...

Imports (2019): $288M, Rnk 22/27

Top Origin (2019): $195M, China

Top Import (2019): $157M, Photosensitive/photovoltaic/LED semiconductor devices

Economic Complexity (2019): -1.32, Rnk 22 / 27

Exports: In 2019, Brazil's Piauí exported $543M, making it the 19th largest exporter out of the 27 exporters in Brazil. In 2019 the top exports of Piauí were Soya beans: other than seed, whether... ($413M), Vegetable waxes except triglycerides ($40.4M), Soya-bean oil-cake and other solid residues ($30.6M), Maize except seed corn ($25.1M), and Cotton, not carded or combed ($11.3M).

Imports: In 2019, Brazil's Piauí imported $288M, making it the 22nd largest importer out of the 27 importers in Brazil. In 2019 top imports of Piauí were Photosensitive/photovoltaic/LED semiconductor devices ($157M), Static converters, nes ($15M), Flat rolled iron or non-alloy steel,... ($14M), Cereals: wheat and meslin, other than... ($10.9M), and Iron or non-alloy steel: in coils,... ($8.52M).

Economic Complexity: In 2019, the highest complexity exports of Piauí according to the product complexity index (PCI) are Oxygen Heterocyclic Compounds (0.55), Corn (-0.91), Soybean Meal (-0.96), Honey (-0.97), and Quartz (-1.1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): China, $357M

Top Product (2019): Soya beans: other than seed, whether..., $413M

In 2019 the top export destinations of Piauí were China ($357M), Germany ($36.8M), United States ($26.7M), Spain ($22M), and Thailand ($20.8M).

In 2019 the top exports of Piauí were Soya beans: other than seed, whether... ($413M), Vegetable waxes except triglycerides ($40.4M), Soya-bean oil-cake and other solid residues ($30.6M), Maize except seed corn ($25.1M), and Cotton, not carded or combed ($11.3M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

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Depth

Top Origin (2019): China, $195M

Top Import (2019): Photosensitive/photovoltaic/LED semiconductor devices, $157M

In 2019 the top import origins of Piauí were China ($195M), Italy ($14.5M), Russia ($13.8M), Ukraine ($11M), and Israel ($7.69M).

In 2019 the top imports of Piauí were Photosensitive/photovoltaic/LED semiconductor devices ($157M), Static converters, nes ($15M), Flat rolled iron or non-alloy steel,... ($14M), Cereals: wheat and meslin, other than... ($10.9M), and Iron or non-alloy steel: in coils,... ($8.52M).

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Comparison in Time

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Flow
Value

This section shows differences between total trade from Piauí throughout time.

Comparison Map

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Value

The states of Brazil with the highest exports in 2019 were São Paulo ($48.9B), Rio De Janeiro ($28.6B), Minas Gerais ($25.1B), Rio Grande Do Sul ($18.5B), and Pará ($17.8B)

The states of Brazil with the highest imports in 2019 were São Paulo ($59.3B), Rio De Janeiro ($21.2B), Santa Catarina ($16.9B), Paraná ($12.7B), and Amazonas ($10.2B)

This section shows forecasts for total exports and imports from Piauí. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Brazil

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Piauí ranks 22nd out of the 27 states in Brazil according to ECI.

Estimated using exports data.

Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Piauí it is in position 22nd considering its ECI in the last year.

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 (0.014), Non-Knit Women's Suits (0.011), Scrap Copper (0.01), and Precious Metal Scraps (0.0099).

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 (0.55), Corn (-0.91), Soybean Meal (-0.96), Honey (-0.97), and Quartz (-1.1). 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 (225), Honey (126), Soybean Meal (37.8), Quartz (29.9), and Raw Cotton (27).

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.