Rio de JaneiroState in Brazil
2022 Economic Complexity : 0.056, Rank 2 of 23
Jun 2023 Trade Exports | Imports: $2.03B | $2.37B, 7 of 28 | 2 of 27
Jun 2023 Country Destination | Origin: United States | United States , $489M | $593M
Jun 2023 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Coke, semi-coke of coal, lignite, peat & retort..., $1.24B | $282M
Overview This page contains the latest international trade data for Rio de Janeiro. In June 2023 Rio de Janeiro was the number 2 in total exports and the number 3 in total imports in Brazil.
Exports In 2022, Brazil's Rio De Janeiro exported $45.5B, making it the 2nd largest exporter out of the 27 exporters in Brazil. In 2022 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($35.3B), Semi-finished bars, iron or non-alloy steel... ($2.65B), Light petroleum distillates nes ($1.92B), Semi-finished products of alloy steel except... ($580M), and Iron ore, concentrate, not iron pyrites,unagglomerate ($577M).
Imports In 2022, Brazil's Rio De Janeiro imported $25.4B, making it the 3rd largest importer out of the 27 importers in Brazil. In 2022 top imports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($3.38B), Parts of turbo-jet or turbo-propeller engines ($2.84B), Turbo-jet engines of a thrust >... ($2.14B), Natural gas, liquefied ($1.53B), and Electrical energy ($1.28B).
Economic Complexity In 2022, the highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Valves (1.42), Carboxylic Acids (0.66), Steel Ingots (0.46), Semi-Finished Iron (-0.83), Crude Petroleum (-2.52), Glass Balls (N/A), Cigarette Paper (0.16), Cast Iron Pipes (N/A), Used Rubber Tires (0.71), and Documents of title (bonds etc) and... (-0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2023
Overview In June 2023 Rio de Janeiro exported $2.03B and imported $2.37B, resulting in a negative trade balance of $344M. Between June 2022 and June 2023 the exports of Rio de Janeiro have decreased by $-2.35B (-53.7%) from $4.37B to $2.03B, while imports increased by $82.5M (3.61%) from $2.29B to $2.37B.
Trade In June 2023, the top exports of Rio de Janeiro were Crude Petroleum ($1.24B), Semi-Finished Iron ($346M), Steel Ingots ($63.9M), Iron Ore ($61.7M), and Refined Petroleum ($55.7M). In June 2023 the top imports of Rio de Janeiro were Gas Turbines ($456M), Coke ($282M), Crude Petroleum ($225M), Coal Briquettes ($146M), and Electricity ($83.1M).
Destinations In June 2023, Rio de Janeiro exported mostly to United States ($489M), China ($360M), Chile ($268M), Singapore ($147M), and Portugal ($143M), and imported mostly from United States ($593M), China ($241M), Australia ($171M), Saudi Arabia ($151M), and Germany ($148M).
Growth In June 2023, the decrease in Rio de Janeiro's year-by-year exports was explained primarily by an decrease in exports to China ($-45M or -4.7%), Netherlands ($-35.3M or -58.6%), and Norway ($-9.69M or -93.5%), and product exports decrease in Valves ($-18M or -65%), Iron Ore ($-7.65M or -18%), and Flexible Metal Tubing ($-6.02M or -95.2%). In June 2023, the increase in Rio de Janeiro's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia ($249M or 19.7k%), China ($241M or 274%), and United States ($234M or 55.6%), and product imports increase in Crude Petroleum ($250M or 1.25B%), Gas Turbines ($196M or 86.3%), and Vaccines, blood, antisera, toxins and cultures ($162M or 989%).
EXPORT GROWTH (June 2022 - June 2023): $-2.35B, (-53.7%)
IMPORT GROWTH (June 2022 - June 2023): $82.5M, (3.61%)
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 (2022): China, $14.1B
Top Product (2022): Petroleum oils, oils from bituminous minerals,..., $35.3B
In 2022 the top export destinations of Rio De Janeiro were China ($14.1B), United States ($7.34B), Chile ($3.08B), Portugal ($2.78B), and Spain ($2.78B).
In 2022 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($35.3B), Semi-finished bars, iron or non-alloy steel... ($2.65B), Light petroleum distillates nes ($1.92B), Semi-finished products of alloy steel except... ($580M), and Iron ore, concentrate, not iron pyrites,unagglomerate ($577M).
Top Origin (2022): United States, $7.87B
Top Import (2022): Petroleum oils, oils from bituminous minerals,..., $3.38B
In 2022 the top import origins of Rio De Janeiro were United States ($7.87B), Saudi Arabia ($3.22B), China ($1.67B), France ($1.47B), and Paraguay ($1.3B).
In 2022 the top imports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($3.38B), Parts of turbo-jet or turbo-propeller engines ($2.84B), Turbo-jet engines of a thrust >... ($2.14B), Natural gas, liquefied ($1.53B), and Electrical energy ($1.28B).
Fastest Growing Import Origins (Jun 2022 - Jun 2023)
Rapidly Declining Import Origins (Jun 2022 - Jun 2023)
Economic Complexity (2022): 0.056
Rio De Janeiro ranks 2nd 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 2nd 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 Aluminium Oxide (0.034), Raw Aluminium (0.034), Ethers (0.033), Aluminium Wire (0.033), and Ferroalloys (0.032).
The highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Valves (1.42), Carboxylic Acids (0.66), Steel Ingots (0.46), Semi-Finished Iron (-0.83), Crude Petroleum (-2.52), Glass Balls (N/A), Cigarette Paper (0.16), Cast Iron Pipes (N/A), Used Rubber Tires (0.71), and Documents of title (bonds etc) and... (-0.88). 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 (67.52), Semi-Finished Iron (35.97), Crude Petroleum (16.71), Glass Balls (6.58), and Cigarette Paper (6.15).
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.
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