Flag Brazil / Spain Flag

2021
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Exports
: $5.45B, Rnk 11 / 220

2021
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Top Product
: $1.64B, Soybeans

2021
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Exports
: $3.21B, Rnk 19 / 222

2021
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Top Product
: $397M, Refined Petroleum

2021
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Economic Complexity (ECI)
: ECI 0.33, Rnk 49 / 131

2021
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Economic Complexity (ECI)
: ECI 0.78, Rnk 35 / 131

2021
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GDP
: $1.61T, CURRENT US$
Rnk 12 / 182

2011-2021
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GDP GROWTH
: -38.5%, CURRENT US$
Rnk 179 / 182

2021
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 GDP
: $1.43T, CURRENT US$
Rnk 14 / 182

2011-2021
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GDP GROWTH
: -3.74%, CURRENT US$
Rnk 158 / 182

2021
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GDP PC 
: $7,519, CURRENT US$
Rnk 81 / 182

2011-2021
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GDP PC GROWTH
: -43.2%, CURRENT US$
Rnk 177 / 182

2021
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GDP PC
: $30,116, CURRENT US$
Rnk 32 / 182

2011-2021
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GDP PC GROWTH
: -4.93%, CURRENT US$
Rnk 139 / 182

Brazil-Spain In 2021, Brazil exported $5.45B to Spain. The main products that Brazil exported to Spain are Soybeans ($1.64B), Crude Petroleum ($1.08B), and Corn ($397M). During the last 26 years the exports of Brazil to Spain have increased at an annualized rate of 6.83%, from $978M in 1995 to $5.45B in 2021.

In 2021, Brazil did not export any services to Spain.

Spain-Brazil In 2021, Spain exported $3.21B to Brazil. The main products that Spain exported to Brazil were Refined Petroleum ($397M), Motor vehicles; parts and accessories (8701 to 8705) ($145M), and Transmissions ($123M). During the last 26 years the exports of Spain to Brazil have increased at an annualized rate of 4.92%, from $921M in 1995 to $3.21B in 2021.

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

Comparison In 2021,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.33), and 24 in total exports ($288B). That same year, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Brazil exported $5.45B to Spain. The main products exported from Brazil to Spain were Soybeans ($1.64B), Crude Petroleum ($1.08B), and Corn ($397M). During the last 26 years the exports of Brazil to Spain have increased at an annualized rate of 6.83%, from $978M in 1995 to $5.45B in 2021.

In 2021, Spain exported $3.21B to Brazil. The main products exported from Spain to Brazil were Refined Petroleum ($397M), Motor vehicles; parts and accessories (8701 to 8705) ($145M), and Transmissions ($123M). During the last 26 years the exports of Spain to Brazil have increased at an annualized rate of 4.92%, from $921M in 1995 to $3.21B in 2021.

Market Competitiveness

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Color

Brazil
Top Destination
: China, $88.3B

Spain
Top Destination
: France, $59B

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 2021, countries that imported more from Brazil than Spain were China ($88.3B), United States ($30.2B), and Argentina ($12B).

In 2021, countries that imported more from Spain than Brazil were France ($59B), Germany ($38.3B), and Portugal ($30.5B).

Comparative Advantage Brazil - Spain

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Flow
Scale

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

During 2021, Brazil had a large net trade with Spain in the exports of Vegetable Products ($2.33B), Mineral Products ($1.77B), and Foodstuffs ($433M).

During 2021, Spain had a large net trade with Brazil in the exports of Chemical Products ($944M), Machines ($604M), and Mineral Products ($491M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Brazil.