The RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Bread, Pastry, Cakes, Biscuits, other Bakers' Wares; empty Cachets Suitable for Pharmaceutical Use, Rice Paper and Similar Products and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Bread, Pastry, Cakes, Biscuits, other Bakers' Wares; empty Cachets Suitable for Pharmaceutical Use, Rice Paper and Similar Products. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.
The visualizations show the global market for Bread, Pastry, Cakes, Biscuits, other Bakers' Wares; empty Cachets Suitable for Pharmaceutical Use, Rice Paper and Similar Products. In both charts, Mexico stands out in order to identify its participation in the export and import market.
In 2022, the main exporting countries of Bread, Pastry, Cakes, Biscuits, other Bakers' Wares; empty Cachets Suitable for Pharmaceutical Use, Rice Paper and Similar Products were Germany (US$45.2B), Canada (US$29.3B), and Italy (US$26.7B). In the same year, the main importing countries for Bread, Pastry, Cakes, Biscuits, other Bakers' Wares; empty Cachets Suitable for Pharmaceutical Use, Rice Paper and Similar Products were United States (US$59.2B), United Kingdom (US$28.8B), and Germany (US$26.6B).