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2022
Flag → Flag
Exports $9.78BRnk 5 / 223
2022
Flag → Flag
Top Product $3.57BCrude Petroleum
2022
Flag → Flag
Exports $3.8BRnk 16 / 218
2022
Flag → Flag
Top Product $475MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Brazil-Spain Trade: In 2022, Brazil exported $9.78B to Spain. The main products that Brazil exported to Spain were Crude Petroleum ($3.57B), Soybeans ($1.89B), and Corn ($1.36B). Over the past 5 years the exports of Brazil to Spain have increased at an annualized rate of 19.7%, from $3.97B in 2017 to $9.78B in 2022.

In 2022, Brazil did not export any services to Spain.

Spain-Brazil Trade: In 2022, Spain exported $3.8B to Brazil. The main products that Spain exported to Brazil were Refined Petroleum ($475M), Potassic Fertilizers ($163M), and Transmissions ($148M). Over the past 5 years the exports of Spain to Brazil have increased at an annualized rate of 3.65%,  from $2.95B in 2017 to $3.8B in 2022.

In 2018, Spain exported services to Brazil worth $0, with being the largest in terms of value.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

September, 2024

About

Overview In September 2024, Brazil exported $622M and imported $312M from Spain, resulting in a positive trade balance of $311M. Between September 2023 and September 2024 the exports of Brazil have decreased by $-181M (-22.6%) from $803M to $622M, while imports decreased by $-11.6M (-3.58%) from $323M to $312M.

Trade In September 2024, the top exports of Brazil to Spain were Crude Petroleum ($375M), Soybean Meal ($56.3M), Corn ($44.7M), Raw Sugar ($30.7M), and Copper Ore ($21.2M). In September 2024 the top imports of Brazil from Spain were Refined Petroleum ($44.7M), Transmissions ($13.7M), Iron Pipes ($11.8M), Packaged Medicaments ($10.4M), and Organo-Sulfur Compounds ($10.4M).

Origins In September 2024 the exports of Brazil were mainly from Rio de Janeiro ($85.3M), Bahia ($63.9M), Mato Grosso ($61.2M), Maranhão ($60.1M), and Piauí ($54.6M), while imports destinations were mainly São Paulo ($110M), Bahia ($54.1M), Paraná ($30.4M), Santa Catarina ($27.8M), and Rio de Janeiro ($16.8M).

Growth In September 2024, the decrease in Brazil's year-by-year exports to Spain was explained primarily by an decrease in product exports in Electric Motor Parts ($-5.3M or -99.7%), Nitrogen Heterocyclic Compounds ($-4.72M or -73.2%), and Coffee ($-4.29M or -23.6%). In September 2024, the decrease in Brazil's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Pitch Coke ($-5.37M or -62.9%), Pesticides ($-2.5M or -37.2%), and Phosphatic Fertilizers ($-2.38M or -84.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-181M(-22.6%)
IMPORT GROWTH (September 2023 - September 2024)$-11.6M(-3.58%)
MAIN EXPORTER (September 2024)Rio de Janeiro$85.3M

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 Spain and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $9.78B to Spain. The main products exported from Brazil to Spain were Crude Petroleum ($3.57B), Soybeans ($1.89B), and Corn ($1.36B). During the last 5 years the exports of Brazil to Spain have increased at an annualized rate of 19.7%, from $3.97B in 2017 to $9.78B in 2022.

In 2017, Spain exported $3.8B to Brazil. The main products exported from Spain to Brazil were Refined Petroleum ($475M), Potassic Fertilizers ($163M), and Transmissions ($148M). During the last 5 years the exports of Spain to Brazil have increased at an annualized rate of 3.65%, from $2.95B in 2022 to $3.8B in 2017.

Exports from Brazil (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Brazil than Spain included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Spain than Brazil included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Spain

Flow
Scale

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

During 2022, Brazil had a large net trade with Spain in the exports of Mineral Products ($4.3B), Vegetable Products ($3.63B), and Foodstuffs ($671M).

During 2017, Spain had a large net trade with Brazil in the exports of Chemical Products ($1.24B), Machines ($687M), and Mineral Products ($657M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Spain+$210MRefined Petroleum
Top Product Potential Spain Brazil+$209MRefined 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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Bilateral Service Trade

In 2018, Spain exported services to Brazil worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Brazil (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Spain (Flag) (2022)

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