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Overview This page contains the latest international trade data for Rio de Janeiro. In February 2024 Rio de Janeiro was the number 2 in total exports and the number 3 in total imports in Brazil.

Exports In 2023, Brazil's Rio De Janeiro exported $45.5B, making it the 2nd largest exporter out of the 27 exporters in Brazil. In 2023 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($37B), Semi-finished bars, iron or non-alloy steel... ($2.39B), Light petroleum distillates nes ($1.82B), Iron ore, concentrate, not iron pyrites,unagglomerate ($911M), and Semi-finished products of alloy steel except... ($562M).

Imports In 2023, Brazil's Rio De Janeiro imported $25.4B, making it the 3rd largest importer out of the 27 importers in Brazil. In 2023 top imports of Rio De Janeiro were Parts of turbo-jet or turbo-propeller engines ($3.3B), Petroleum oils, oils from bituminous minerals,... ($2.8B), Turbo-jet engines of a thrust >... ($2.53B), Coke, semi-coke of coal, lignite, peat... ($1.31B), and Bituminous coal, not agglomerated ($1.18B).

Economic Complexity In 2023, the highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Steel Ingots (0.39), Semi-Finished Iron (-0.77), Crude Petroleum (-2.54), Glass Balls (N/A), Cast Iron Pipes (N/A), Military Weapons (N/A), Valves (1.49), Iron Chains (1.42), Gas Turbines (1.05), and Utility Meters (0.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)China$18.2B

In 2023 the top export destinations of Rio De Janeiro were China ($18.2B), United States ($7.34B), Netherlands ($3.03B), Chile ($2.9B), and Spain ($2.88B).

In 2023 the top exports of Rio De Janeiro were Petroleum oils, oils from bituminous minerals,... ($37B), Semi-finished bars, iron or non-alloy steel... ($2.39B), Light petroleum distillates nes ($1.82B), Iron ore, concentrate, not iron pyrites,unagglomerate ($911M), and Semi-finished products of alloy steel except... ($562M).

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Exports Dynamics

Fastest Growing Exports Destination (Feb 2023 - Feb 2024)
China $395M (74.9%)
Chile $212M (1.62k%)
Spain $157M (219%)
Rapidly Declining Export Origins (Feb 2023 - Feb 2024)
United States -$269M (-55.9%)
Singapore -$115M (-76.2%)
Norway -$80.8M (-96.3%)

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Yearly Imports

Color
Depth
Top Origin (2023)United States$7.72B

In 2023 the top import origins of Rio De Janeiro were United States ($7.72B), Saudi Arabia ($1.97B), France ($1.87B), China ($1.73B), and Germany ($1.39B).

In 2023 the top imports of Rio De Janeiro were Parts of turbo-jet or turbo-propeller engines ($3.3B), Petroleum oils, oils from bituminous minerals,... ($2.8B), Turbo-jet engines of a thrust >... ($2.53B), Coke, semi-coke of coal, lignite, peat... ($1.31B), and Bituminous coal, not agglomerated ($1.18B).

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Imports Dynamics

Fastest Growing Import Origins (Feb 2023 - Feb 2024)
Saudi Arabia $80.7M (96.4%)
Russia $63.7M (166%)
United States $52.2M (8.59%)
Rapidly Declining Import Origins (Feb 2023 - Feb 2024)
Paraguay -$75.6M (-96.5%)
Argentina -$25.7M (-53.6%)
Australia -$19.7M (-95.8%)

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Economic Complexity

Economic Complexity of Rio De Janeiro

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Economic Complexity (2023)0.094

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.

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Economic Complexity Ranking

Value

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

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 Pig Iron (0.037), Phenol Derivatives (0.033), Other Metals (0.032), Iron Railway Products (0.032), and Tungsten (0.032).

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Most Complex Products by PCI

The highest complexity exports of Rio De Janeiro according to the product complexity index (PCI) are Steel Ingots (0.39), Semi-Finished Iron (-0.77), Crude Petroleum (-2.54), Glass Balls (N/A), Cast Iron Pipes (N/A), Military Weapons (N/A), Valves (1.49), Iron Chains (1.42), Gas Turbines (1.05), and Utility Meters (0.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Steel Ingots (62.44), Semi-Finished Iron (30.47), Crude Petroleum (15.75), Glass Balls (7.09), and Cast Iron Pipes (6.93).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

Depth
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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. Bubble size corresponds to exports value by year 2020.

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