Rio de JaneiroState in Brazil
2020 Economic Complexity : 0.18, Rank 1 of 22
Dec 2021 Trade Exports | Imports: $2.76B | $2.26B, 3 of 28 | 3 of 27
Dec 2021 Country Destination | Origin: China | United States , $964M | $824M
Dec 2021 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Natural gas, liquefied , $1.78B | $484M
Overview This page contains the latest international trade data for Rio de Janeiro. In December 2021 Rio de Janeiro was the number 3 in total exports and the number 2 in total imports.
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 2020, the highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Valves (1.34), Gaskets (1.33), Technical Use Textiles (1.19), Steel Ingots (0.87), and Vehicle Chassis (0.85). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2021
Overview In December 2021 Rio de Janeiro exported $2.76B and imported $2.26B, resulting in a positive trade balance of $497M. Between December 2020 and December 2021 the exports of Rio de Janeiro have increased by $1.34B (95.1%) from $1.41B to $2.76B, while imports decreased by $-3.59B (-61.4%) from $5.85B to $2.26B.
Trade In December 2021, the top exports of Rio de Janeiro were Crude Petroleum ($1.78B), Semi-Finished Iron ($232M), Refined Petroleum ($148M), Machinery Having Individual Functions ($100M), and Coated Flat-Rolled Iron ($78.7M). In December 2021 the top imports of Rio de Janeiro were Petroleum Gas ($484M), Gas Turbines ($408M), Electricity ($159M), Crude Petroleum ($157M), and Cars ($74.3M).
Destinations In December 2021, Rio de Janeiro exported mostly to China ($964M), United States ($465M), Chile ($362M), South Korea ($229M), and Peru ($151M), and imported mostly from United States ($824M), France ($158M), Saudi Arabia ($157M), Paraguay ($122M), and Argentina ($121M).
Growth In December 2021, the increase in Rio de Janeiro's year-by-year exports was explained primarily by an increase in exports to China ($707M or 275%), Chile ($267M or 282%), and South Korea ($227M or 11.1k%), and product exports increase in Crude Petroleum ($894M or 101%), Semi-Finished Iron ($155M or 200%), and Machinery Having Individual Functions ($99.9M or 41k%). In December 2021, the decrease in Rio de Janeiro's year-by-year imports was explained primarily by an decrease in imports from Brazil ($-3.61B or -100%), South Korea ($-519M or -95.8%), and United Arab Emirates ($-458M or -99.9%), and product imports decrease in Flexible Metal Tubing ($-64.4M or -72.1%), Valves ($-60.5M or -78.4%), and Other Iron Products ($-37.8M or -86.1%).
EXPORT GROWTH (December 2020 - December 2021): $1.34B, (95.1%)
IMPORT GROWTH (December 2020 - December 2021): $-3.59B, (-61.4%)
This section shows exports and imports data at subnational level for Rio de Janeiro. 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 Rio de Janeiro over time.
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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).
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).
Fastest Growing Import Origins (Dec 2020 - Dec 2021)
Rapidly Declining Import Origins (Dec 2020 - Dec 2021)
Economic Complexity (2020): 0.18
Rio De Janeiro ranks 1st 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. Rio De Janeiro it is in position 1st considering its ECI in the last year.
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 Chlorates and Perchlorates (0.038), Friction Material (0.038), Ethers (0.037), Uncoated Paper (0.037), and Carbides (0.037).
The highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Valves (1.34), Gaskets (1.33), Technical Use Textiles (1.19), Steel Ingots (0.87), and Vehicle Chassis (0.85). 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 Steel Ingots (64.4), Flexible Metal Tubing (45.8), Semi-Finished Iron (32.9), Cigarette Paper (13.9), and Crude Petroleum (13.3).
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.
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.