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2023
Flag → Flag
Exports $17.2BRnk 3 / 221
2023
Flag → Flag
Top Product $2.16BSoybeans
2023
Flag → Flag
Exports $12.1BRnk 1 / 168
2023
Flag → Flag
Top Product $2.49BDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Brazil-Argentina Trade: In 2023, Brazil exported $17.2B to Argentina. The main products that Brazil exported to Argentina were Soybeans ($2.16B), Motor vehicles; parts and accessories (8701 to 8705) ($1.74B), and Cars ($1.44B). Over the past 5 years the exports of Brazil to Argentina have increased at an annualized rate of 2.12%, from $15.5B in 2018 to $17.2B in 2023.

In 2023, Brazil did not export any services to Argentina.

Argentina-Brazil Trade: In 2023, Argentina exported $12.1B to Brazil. The main products that Argentina exported to Brazil were Delivery Trucks ($2.49B), Cars ($2.25B), and Crude Petroleum ($805M). Over the past 5 years the exports of Argentina to Brazil have increased at an annualized rate of 1.35%,  from $11.3B in 2018 to $12.1B in 2023.

In 2023, Argentina did not export any services to Brazil.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $1.3B and imported $1.24B from Argentina, resulting in a positive trade balance of $51.9M. Between December 2023 and December 2024 the exports of Brazil have increased by $462M (55.4%) from $834M to $1.3B, while imports increased by $355M (40%) from $888M to $1.24B.

Trade In December 2024, the top exports of Brazil to Argentina were Motor vehicles; parts and accessories (8701... ($83.2M), Cars ($83M), Iron Ore ($52.4M), Delivery Trucks ($21.6M), and Spark-Ignition Engines ($19.4M). In December 2024 the top imports of Brazil from Argentina were Delivery Trucks ($169M), Wheat ($141M), Cars ($69.8M), Petroleum Gas ($31.7M), and Concentrated Milk ($26.5M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($594M), Minas Gerais ($144M), Paraná ($131M), Rio Grande do Sul ($110M), and Santa Catarina ($74.5M), while imports destinations were mainly Rio Grande do Sul ($374M), São Paulo ($164M), Minas Gerais ($142M), Paraná ($140M), and Santa Catarina ($104M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Argentina was explained primarily by an increase in product exports in Pesticides ($8.09M or 630%), Iron Ore ($7.88M or 17.7%), and Electric Motors ($6.77M or 329%). In December 2024, the increase in Brazil's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Delivery Trucks ($30.4M or 21.9%), Wheat ($27.2M or 23.9%), and Cars ($17.4M or 33.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$462M(55.4%)
IMPORT GROWTH (December 2023 - December 2024)$355M(40%)
MAIN EXPORTER (December 2024)São Paulo$594M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Argentina and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $17.2B to Argentina. The main products exported from Brazil to Argentina were Soybeans ($2.16B), Motor vehicles; parts and accessories (8701 to 8705) ($1.74B), and Cars ($1.44B). During the last 5 years the exports of Brazil to Argentina have increased at an annualized rate of 2.12%, from $15.5B in 2018 to $17.2B in 2023.

In 2018, Argentina exported $12.1B to Brazil. The main products exported from Argentina to Brazil were Delivery Trucks ($2.49B), Cars ($2.25B), and Crude Petroleum ($805M). During the last 5 years the exports of Argentina to Brazil have increased at an annualized rate of 1.35%, from $11.3B in 2023 to $12.1B in 2018.

Exports from Brazil (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Argentina
Top DestinationBrazil$12.1B

This map shows whether countries import more from Brazil or Argentina. Each country is colored based on the difference in imports they receive from Brazil and Argentina or the difference in the growth in imports.

In 2023, countries that imported more from Brazil than Argentina included China ($106B), United States ($37B), and Netherlands ($11.4B).

In 2023, countries that imported more from Argentina than Brazil included Ireland ($564M), Mozambique ($151M), and Zimbabwe ($70.2M).

Difference in imports from Argentina (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Argentina

Flow
Scale

This chart compares trade between Brazil and Argentina by product, considering products traded by both, Brazil and Argentina.

During 2023, Brazil had a large net trade with Argentina in the exports of Transportation ($4.1B), Machines ($2.38B), and Vegetable Products ($2.37B).

During 2018, Argentina had a large net trade with Brazil in the exports of Transportation ($5.19B), Vegetable Products ($1.87B), and Mineral Products ($1.33B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Argentina+$230MRefined Petroleum
Top Product Potential Argentina Brazil+$127MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Argentina. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Argentina (Flag) (2023)

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