2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 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
$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195

About

Brazil-United Kingdom Trade: In 2023, Brazil exported $4.26B to United Kingdom. The main products that Brazil exported to United Kingdom were Gold ($455M), Soybeans ($310M), and Coffee ($247M). Over the past 5 years the exports of Brazil to United Kingdom have increased at an annualized rate of 6.5%, from $3.11B in 2018 to $4.26B in 2023.

In 2023, Brazil did not export any services to United Kingdom.

United Kingdom-Brazil Trade: In 2023, United Kingdom exported $3.37B to Brazil. The main products that United Kingdom exported to Brazil were Gas Turbines ($435M), Hard Liquor ($186M), and Packaged Medicaments ($182M). Over the past 5 years the exports of United Kingdom to Brazil have increased at an annualized rate of 2.69%,  from $2.8B in 2018 to $3.37B in 2023.

In 2019, United Kingdom exported services to Brazil worth $1.78B, with Other business services ($624M), Travel ($417M), and Insurance services ($176M) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $4.26B to United Kingdom. The main products exported from Brazil to United Kingdom were Gold ($455M), Soybeans ($310M), and Coffee ($247M). During the last 5 years the exports of Brazil to United Kingdom have increased at an annualized rate of 6.5%, from $3.11B in 2018 to $4.26B in 2023.

In 2018, United Kingdom exported $3.37B to Brazil. The main products exported from United Kingdom to Brazil were Gas Turbines ($435M), Hard Liquor ($186M), and Packaged Medicaments ($182M). During the last 5 years the exports of United Kingdom to Brazil have increased at an annualized rate of 2.69%, from $2.8B in 2023 to $3.37B in 2018.

Exports from Brazil (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top Destination
China$106B
United Kingdom
Top Destination
United States$59.7B

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

In 2023, countries that imported more from Brazil than United Kingdom included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

In 2023, countries that imported more from United Kingdom than Brazil included Ireland ($29.1B), Germany ($34.6B), and France ($25.8B).

Difference in imports from United Kingdom (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - United Kingdom

Flow
Scale

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

During 2023, Brazil had a large net trade with United Kingdom in the exports of Foodstuffs ($942M), Vegetable Products ($830M), and Precious Metals ($465M).

During 2018, United Kingdom had a large net trade with Brazil in the exports of Machines ($1.19B), Chemical Products ($691M), and Transportation ($464M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil United Kingdom+$151MGold
Top Product Potential United Kingdom Brazil+$137MRefined 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 2019, United Kingdom exported services to Brazil worth $1.78B, with Other business services ($624M), Travel ($417M), and Insurance services ($176M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Brazil (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and United Kingdom (Flag) (2023)

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