Rio de JaneiroState in Brazil
2020 Economic Complexity : 0.096, Rank 2 of 23
Mar 2022 Trade Exports | Imports: $3.14B | $2.21B, 3 of 28 | 3 of 28
Mar 2022 Country Destination | Origin: China | United States , $725M | $743M
Mar 2022 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Petroleum oils, oils from bituminous minerals, crude , $2.31B | $505M
Overview This page contains the latest international trade data for Rio de Janeiro. In March 2022 Rio de Janeiro was the number 3 in total exports and the number 3 in total imports in Brazil.
Exports In 2021, Brazil's Rio De Janeiro exported $32.5B, making it the 3rd largest exporter out of the 27 exporters in Brazil. In 2021 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($24.2B), Semi-finished bars, iron or non-alloy steel... ($2.39B), Light petroleum distillates nes ($1.09B), Petroleum spirit for motor vehicles ($414M), and Parts of turbo-jet or turbo-propeller engines ($380M).
Imports In 2021, Brazil's Rio De Janeiro imported $22.4B, making it the 3rd largest importer out of the 27 importers in Brazil. In 2021 top imports of Rio De Janeiro were Natural gas, liquefied ($2.51B), Parts of turbo-jet or turbo-propeller engines ($2.34B), Petroleum oils, oils from bituminous minerals,... ($1.69B), Electrical energy ($1.61B), and Turbo-jet engines of a thrust >... ($1.26B).
Economic Complexity In 2020, the highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Vehicle Chassis (0.73), Steel Ingots (0.64), Semi-Finished Iron (-0.7), Crude Petroleum (-2.94), and Glass Balls (undefined). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
March, 2022
Overview In March 2022 Rio de Janeiro exported $3.14B and imported $2.21B, resulting in a positive trade balance of $925M. Between March 2021 and March 2022 the exports of Rio de Janeiro have increased by $172M (5.82%) from $2.97B to $3.14B, while imports increased by $519M (30.6%) from $1.69B to $2.21B.
Trade In March 2022, the top exports of Rio de Janeiro were Crude Petroleum ($2.31B), Semi-Finished Iron ($293M), Refined Petroleum ($136M), Iron Ore ($84.7M), and Steel Ingots ($60.9M). In March 2022 the top imports of Rio de Janeiro were Crude Petroleum ($505M), Gas Turbines ($394M), Petroleum Gas ($284M), Planes, Helicopters, and/or Spacecraft ($137M), and Coal Briquettes ($85.1M).
Destinations In March 2022, Rio de Janeiro exported mostly to China ($725M), United States ($434M), Chile ($289M), Israel ($274M), and Spain ($262M), and imported mostly from United States ($743M), Saudi Arabia ($507M), Sweden ($144M), France ($119M), and China ($72.9M).
Growth In March 2022, the increase in Rio de Janeiro's year-by-year exports was explained primarily by an increase in exports to China ($207M or 27.6%), Chile ($97.7M or 113%), and South Korea ($75M or 18.9k%), and product exports increase in Iron Ore ($33.6M or 372%), Valves ($23.5M or 560%), and Flexible Metal Tubing ($6.32M or 21.1M%). In March 2022, the increase in Rio de Janeiro's year-by-year imports was explained primarily by an increase in imports from Japan ($366M or 5.06k%), United States ($275M or 189%), and Paraguay ($111M or 10.2k%), and product imports increase in Gas Turbines ($224M or 7.04k%), Electricity ($127M or 8.45k%), and Petroleum Gas ($97.5M or 2.93M%).
EXPORT GROWTH (March 2021 - March 2022): $172M, (5.82%)
IMPORT GROWTH (March 2021 - March 2022): $519M, (30.6%)
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 (2021): China, $12B
Top Product (2021): Petroleum oils, oils from bituminous minerals,..., $24.2B
In 2021 the top export destinations of Rio De Janeiro were China ($12B), United States ($5.57B), Chile ($1.83B), Portugal ($1.68B), and India ($1.64B).
In 2021 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($24.2B), Semi-finished bars, iron or non-alloy steel... ($2.39B), Light petroleum distillates nes ($1.09B), Petroleum spirit for motor vehicles ($414M), and Parts of turbo-jet or turbo-propeller engines ($380M).
Top Origin (2021): United States, $7.5B
Top Import (2021): Natural gas, liquefied, $2.51B
In 2021 the top import origins of Rio De Janeiro were United States ($7.5B), France ($1.52B), China ($1.48B), Paraguay ($1.42B), and Saudi Arabia ($1.41B).
In 2021 the top imports of Rio De Janeiro were Natural gas, liquefied ($2.51B), Parts of turbo-jet or turbo-propeller engines ($2.34B), Petroleum oils, oils from bituminous minerals,... ($1.69B), Electrical energy ($1.61B), and Turbo-jet engines of a thrust >... ($1.26B).
Fastest Growing Import Origins (Mar 2021 - Mar 2022)
Economic Complexity (2021): 0.096
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 Ethers (0.036), Propylene Polymers (0.034), Petroleum Gas (0.034), Soybeans (0.034), and Iron Railway Products (0.034).
The highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Vehicle Chassis (0.73), Steel Ingots (0.64), Semi-Finished Iron (-0.7), Crude Petroleum (-2.94), and Glass Balls (undefined). 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 (57.4), Semi-Finished Iron (46.8), Crude Petroleum (14.6), Glass Balls (9.3), and Cigarette Paper (8.3).
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.
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