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2022
Flag → Flag
Exports $7.06BRnk 9 / 223
2022
Flag → Flag
Top Product $685MCars
2022
Flag → Flag
Exports $4.65BRnk 9 / 156
2022
Flag → Flag
Top Product $650MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Brazil-Mexico Trade: In 2022, Brazil exported $7.06B to Mexico. The main products that Brazil exported to Mexico were Cars ($685M), Semi-Finished Iron ($605M), and Corn ($492M). Over the past 5 years the exports of Brazil to Mexico have increased at an annualized rate of 8.65%, from $4.66B in 2017 to $7.06B in 2022.

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

Mexico-Brazil Trade: In 2022, Mexico exported $4.65B to Brazil. The main products that Mexico exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($650M), Delivery Trucks ($336M), and Cars ($238M). Over the past 5 years the exports of Mexico to Brazil have increased at an annualized rate of 2.2%,  from $4.17B in 2017 to $4.65B in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $718M and imported $636M from Mexico, resulting in a positive trade balance of $81.3M. Between October 2023 and October 2024 the exports of Brazil have decreased by $-59.3M (-7.64%) from $777M to $718M, while imports increased by $114M (21.8%) from $522M to $636M.

Trade In October 2024, the top exports of Brazil to Mexico were Corn ($81.1M), Cars ($45.2M), Engine Parts ($23.3M), Iron Ore ($23M), and Poultry Meat ($21.6M). In October 2024 the top imports of Brazil from Mexico were Motor vehicles; parts and accessories (8701... ($54.8M), Delivery Trucks ($38.8M), Cars ($38.4M), Recreational Boats ($28.8M), and Computers ($17.2M).

Origins In October 2024 the exports of Brazil were mainly from São Paulo ($234M), Paraná ($108M), Santa Catarina ($83M), Minas Gerais ($78.2M), and Rio de Janeiro ($51M), while imports destinations were mainly São Paulo ($238M), Santa Catarina ($101M), Rio de Janeiro ($88.3M), Espírito Santo ($51.7M), and Minas Gerais ($48.4M).

Growth In October 2024, the decrease in Brazil's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Semi-Finished Iron ($-23M or -67.6%), Telephones ($-4.56M or -82.7%), and Sawn Wood ($-4.38M or -32.7%). In October 2024, the increase in Brazil's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Delivery Trucks ($33.3M or 607%), Recreational Boats ($26.7M or 1.31k%), and Cars ($24.9M or 183%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-59.3M(-7.64%)
IMPORT GROWTH (October 2023 - October 2024)$114M(21.8%)
MAIN EXPORTER (October 2024)São Paulo$234M

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 Mexico and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $7.06B to Mexico. The main products exported from Brazil to Mexico were Cars ($685M), Semi-Finished Iron ($605M), and Corn ($492M). During the last 5 years the exports of Brazil to Mexico have increased at an annualized rate of 8.65%, from $4.66B in 2017 to $7.06B in 2022.

In 2017, Mexico exported $4.65B to Brazil. The main products exported from Mexico to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($650M), Delivery Trucks ($336M), and Cars ($238M). During the last 5 years the exports of Mexico to Brazil have increased at an annualized rate of 2.2%, from $4.17B in 2022 to $4.65B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Brazil than Mexico included China ($90.1B), Argentina ($15.4B), and Netherlands ($11.8B).

In 2022, countries that imported more from Mexico than Brazil included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

Comparative Advantage Brazil - Mexico

Flow
Scale

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

During 2022, Brazil had a large net trade with Mexico in the exports of Transportation ($1.26B), Machines ($1.17B), and Vegetable Products ($1.14B).

During 2017, Mexico had a large net trade with Brazil in the exports of Transportation ($1.36B), Machines ($1.32B), and Chemical Products ($723M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Mexico+$207MSoybeans
Top Product Potential Mexico Brazil+$325MMotor vehicles; parts and accessories (8701 to 8705)

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 Mexico. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Brazil.

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

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