Roraima | The Observatory of Economic Complexity

Roraima

State in Brazil

2023
Economic
Complexity -0.64Rank 10 of 23

Feb 2024
Trade
Exports | Imports $23.9M | $4.61M23 of 28 | 26 of 28

Feb 2024
Country
Destination | Origin Venezuela | Israel $18.7M | $2.11M

Image 1

Image by Paulo Fassina
Link: https://flic.kr/p/7V4Ux6

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Roraima. In February 2024 Roraima was the number 23 in total exports and the number 26 in total imports in Brazil.

Exports In 2023, Brazil's Roraima exported $426M, making it the 23rd largest exporter out of the 27 exporters in Brazil. In 2023 the top exports of Roraima were Soya beans: other than seed, whether... ($124M), Margarine, except liquid margarine ($43.4M), Malt extract & limited cocoa pastrycooks... ($39.6M), Soya-bean oil-cake and other solid residues ($35.4M), and Refined soya-bean oil, not chemically modified ($21.5M).

Imports In 2023, Brazil's Roraima imported $39.8M, making it the 26th largest importer out of the 27 importers in Brazil. In 2023 top imports of Roraima were Fertilizers containing phosphorus & potassium, <=10kg ($8.64M), Potassium chloride, in packs >10 kg ($4.74M), Generating sets, diesel, output > 375... ($3.09M), Air conditioners window/wall types, self-contained ($2.57M), and Fertilizers, mineral or chemical; phosphatic, superphosphates,... ($1.73M).

Economic Complexity In 2023, the highest complexity exports of Roraima according to the product complexity index (PCI) are Liquid Dispersing Machines (0.9), Soil Preparation Machinery (0.7), Other Engines (0.63), Sausages (0.16), Other Edible Preparations (0.063), Malt Extract (0.055), Poultry Meat (-0.044), Cleaning Products (-0.076), Baked Goods (-0.27), and Ice Cream (-0.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

February, 2024

About

Overview In February 2024 Roraima exported $23.9M and imported $4.61M, resulting in a positive trade balance of $19.3M. Between February 2023 and February 2024 the exports of Roraima have decreased by $-486k (-1.99%) from $24.4M to $23.9M, while imports increased by $709k (18.2%) from $3.9M to $4.61M.

Trade In February 2024, the top exports of Roraima were Malt Extract ($9.02M), Margarine ($3.63M), Raw Sugar ($3.07M), Soybean Meal ($2.08M), and Soybean Oil ($1.77M). In February 2024 the top imports of Roraima were Phosphatic Fertilizers ($1.36M), Air Conditioners ($946k), Potassic Fertilizers ($881k), Rubber Tires ($498k), and Liquid Pumps ($196k).

Destinations In February 2024, Roraima exported mostly to Venezuela ($18.7M), Guyana ($2.95M), Turkey ($1.5M), Suriname ($485k), and China ($118k), and imported mostly from Israel ($2.11M), China ($1.6M), United States ($313k), Vietnam ($209k), and Egypt ($126k).

Growth In February 2024, the decrease in Roraima's year-by-year exports was explained primarily by an decrease in exports to , and product exports decrease in Margarine ($-3.23M or -65%), Poultry Meat ($-1.19M or -85.7%), and Hair Products ($-871k or -99.7%). In February 2024, the increase in Roraima's year-by-year imports was explained primarily by an increase in imports from China ($775k or 347%) and Vietnam ($41k or 16.3k%), and product imports increase in Rubber Tires ($243k or 294%) and Air Pumps ($63 or 88.7%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (February 2023 - February 2024)$-486k(-1.99%)

IMPORT GROWTH (February 2023 - February 2024)$709k(18.2%)

This section shows exports and imports data at subnational level for Roraima. 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 Roraima over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Venezuela$195M

Top Product (2023)Soya beans: other than seed, whether...$124M

In 2023 the top export destinations of Roraima were Venezuela ($195M), China ($53.1M), Guyana ($33.9M), Netherlands ($21.1M), and Turkey ($19.6M).

In 2023 the top exports of Roraima were Soya beans: other than seed, whether... ($124M), Margarine, except liquid margarine ($43.4M), Malt extract & limited cocoa pastrycooks... ($39.6M), Soya-bean oil-cake and other solid residues ($35.4M), and Refined soya-bean oil, not chemically modified ($21.5M).

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Netherlands$8.83M

Top Import (2023)Fertilizers containing phosphorus & potassium, <=10kg$8.64M

In 2023 the top import origins of Roraima were Netherlands ($8.83M), China ($7.43M), Israel ($6.28M), Germany ($3.21M), and United States ($1.2M).

In 2023 the top imports of Roraima were Fertilizers containing phosphorus & potassium, <=10kg ($8.64M), Potassium chloride, in packs >10 kg ($4.74M), Generating sets, diesel, output > 375... ($3.09M), Air conditioners window/wall types, self-contained ($2.57M), and Fertilizers, mineral or chemical; phosphatic, superphosphates,... ($1.73M).

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Economic Complexity

Economic Complexity of Roraima

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Geomap

Treemap

Economic Complexity (2023)-0.64

Roraima ranks 10th 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

Ranking

Value

The economic complexity of a territory can change year to year. Roraima it is in position 10th 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 Roraima already has a comparative advantage, are led by Sorghum (0.078), Fruit Juice (0.073), Cement (0.071), Tropical Fruits (0.07), and Confectionery Sugar (0.07).

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Most Complex Products by PCI

The highest complexity exports of Roraima according to the product complexity index (PCI) are Liquid Dispersing Machines (0.9), Soil Preparation Machinery (0.7), Other Engines (0.63), Sausages (0.16), Other Edible Preparations (0.063), Malt Extract (0.055), Poultry Meat (-0.044), Cleaning Products (-0.076), Baked Goods (-0.27), and Ice Cream (-0.27). 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 Margarine (307.67), Soybean Oil (107.67), Malt Extract (102.44), Sausages (94.52), and Soybeans (88.35).

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Product Space

RCA Filter

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 Roraima 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 Roraima. These are products that tend to be co-exported with the products that Roraima 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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.