Rio De Janeiro

State in Brazil

2019
Economic
Complexity
: 0.15, Rank 2 of 25

Feb 2021
Trade
Exports | Imports
: $1.38B | $2.65B, 4 of 28 | 2 of 29

Feb 2021
Country
Destination | Origin
: China | Brazil , $811M  | $1.58B

Feb 2021
Product
Exports | Imports
: Crude Petroleum | Special Purpose Ships , $902M  | $1.43B

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

Exports: In 2020, Brazil's Rio De Janeiro exported $22.5B, making it the 3rd largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($16.1B), Semi-finished bars, iron or non-alloy steel... ($1.19B), Light petroleum distillates nes ($781M), Parts of turbo-jet or turbo-propeller engines ($677M), and Iron ore, concentrate, not iron pyrites,unagglomerate ($329M).

Imports: In 2020, Brazil's Rio De Janeiro imported $24.8B, making it the 2nd largest importer out of the 27 importers in Brazil. In 2020 top imports of Rio De Janeiro were Floating, submersible drilling or production platform ($6.39B), Floating docks, special function vessels nes ($3.6B), Tubing,flexible, with/without fittings, iron or steel ($2.09B), Taps, cocks, valves and similar appliances,... ($1.45B), and Boring or sinking machinery nes, not... ($1.19B).

Economic Complexity: In 2019, the highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Iron Fasteners (1.81), Photographic Plates (1.69), Transmissions (1.59), Valves (1.34), and Gaskets (1.33). 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 Rio de Janeiro'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, $9.83B

Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $16.1B

In 2020 the top export destinations of Rio De Janeiro were China ($9.83B), United States ($3.64B), Spain ($1.03B), India ($976M), and Portugal ($954M).

In 2020 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($16.1B), Semi-finished bars, iron or non-alloy steel... ($1.19B), Light petroleum distillates nes ($781M), Parts of turbo-jet or turbo-propeller engines ($677M), and Iron ore, concentrate, not iron pyrites,unagglomerate ($329M).

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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): Brazil, $9.83B

Top Import (2020): Floating, submersible drilling or production platform, $6.39B

In 2020 the top import origins of Rio De Janeiro were Brazil ($9.83B), China ($2.91B), United States ($2.83B), Germany ($1.17B), and Saudi Arabia ($923M).

In 2020 the top imports of Rio De Janeiro were Floating, submersible drilling or production platform ($6.39B), Floating docks, special function vessels nes ($3.6B), Tubing,flexible, with/without fittings, iron or steel ($2.09B), Taps, cocks, valves and similar appliances,... ($1.45B), and Boring or sinking machinery nes, not... ($1.19B).

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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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Rio De Janeiro ranks 2nd 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. Rio De Janeiro it is in position 2nd 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 Rio De Janeiro already has a comparative advantage, are led by Ethers (0.046), Epoxides (0.046), X-Ray Equipment (0.046), Spark-Ignition Engines (0.045), and Friction Material (0.045).

Most Complex Products by PCI

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The highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Iron Fasteners (1.81), Photographic Plates (1.69), Transmissions (1.59), Valves (1.34), and Gaskets (1.33). 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 Flexible Metal Tubing (183), Steel Ingots (76.8), Semi-Finished Iron (22.5), Gaskets (14.8), and Sculptures (14.3).

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 Rio De Janeiro 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  Rio De Janeiro. These are products that tend to be co-exported with the products that Rio De Janeiro 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.