Bahia´s insertion in the international economy in the biennium 2019/2020

Abstract

Since the advent of globalization processes at the end of the last century, international trade relations have been gradually gaining more intensity and speed, resulting in both the increase in world production and the emergence of trade agreements and economic blocks that make it possible countries to enter these foreign markets. In this context, this arti        cle aims to study and analyze Bahia's insertion in the international economy in the 2019/2020 biennium. To fulfill this objective, in addition to a theoretical analysis of the international economy and an analysis of the economic evolution of Bahia, the export and import databases of the Superintendency of Economic and Social Studies of Bahia (SEI) and the Ministry of Industry were used. Foreign Trade and Services (MDIC) in order to establish analyzes of the insertion of the Bahian economy in the international economy, mainly in terms of exports and imports. The results obtained show that Bahia has in its main global connections with agricultural commodities and products derived from the chemical and petrochemical industry, whose main destination is China, the European Union and the United States, in addition to presenting significant declines in its relations with the South America.