in Maranhão Maranhão is one of the poorest states of Brazil. The state has 3.4% of the Brazilian population and produces only 1.3% of the Brazilian
GDP. The
service sector is the largest component of
GDP at 70%, followed by the
industrial sector at 19.6%.
Agriculture represents 10.4% of GDP (2015). Maranhão is the fourth-largest economy in the
Northeast region and the 17th-largest in Brazil. Maranhão exports:
aluminium 50%,
iron 23.7%,
soybean 13.1% (2002). Share of the Brazilian economy: 0.9% (2004). Maranhão is also known as the land of the palm trees, as the various species of this tree provide its major source of income. The most important of them, from an economic point of view, is the
babassu.
Agribusiness, the
aluminium and
alumina transformation industries, the
pulp industry,
natural gas production, and the food and timber industries complement the state economy. The Maranhão agricultural sector stands out in the production of
rice (fifth-largest rice production in the country, and highest in the Northeast),
cassava (second-largest planted area in the Northeast),
soybean,
cotton (in both cases second-largest producer in the Northeast),
sugarcane,
corn and
eucalyptus. Agriculture benefits from the infrastructure of railroads (
Ferrovia Carajás and
Ferrovia Norte-Sul) and ports (Itaqui and
Ponta da Madeira) and the proximity to the European and American markets. Maranhão has the second largest cattle herd in the Northeast and the 12th largest in the country, with 7.6 million animals. The state also produces
natural gas in the Parnaíba basin, with a production of 8.4 million m3 per day, used in
thermal power stations. Maranhão is the 6th largest producer in the country. Maranhão also has a hydroelectric plant (Estreito Hydroelectric Plant), a wind farm (in
Lençóis Maranhenses), and a thermoelectric plant (
Suzano Maranhão Thermal Power Plant).
Itaqui Port annually moves millions of tons of cargo, being an important logistics corridor for the
Center-West of the country. It is the second deepest port in the world. Among the main products handled in 2017 are soybeans (6,152,909 tons), corn (1,642,944 tons), fertilizers (1,536,697 tons), copper (836,062 tons), coal (636,254 tons), pig iron (505,733 t) clinker + slag (225,796 t), manganese (147,063 t), rice (89,833 t), imported liquid bulk (3,881,635 t), caustic soda (86,542 t),
ethanol and
LPG (150,753 t), totaling an annual turnover of 17,140,470 tons. The port of Ponta da Madeira, belonging to the
Vale do Rio Doce is mainly destined for the export of iron ore brought from the
Serra dos Carajás, in Pará. Between January and November 2017, 153.466 million tons were transported, and it is the national champion in moving loads. The
Alumar Consortium Port transported 13.720 million tons between January and November 2017, mainly alumina. ==Infrastructure==