Flag Brazil / United States Flag

Exports Flag → Flag  (2018): $29.3B, Rnk 2 / 216

Top Product Flag → Flag (2018): $3.11B, Crude Petroleum

Exports Flag → Flag (2018): $29.3B, Rnk 13 / 215

Top Product Flag → Flag (2018): $6.68B, Refined Petroleum

Economic Complexity of Flag (2018): ECI 0.62, Rnk 39 / 137

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

GDP Flag (2018): $1.87T, CURRENT US$
Rnk 9 / 196

GDP GROWTH Flag (2008-2018): 10.2%, CURRENT US$
Rnk 143 / 196

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP PC Flag (2018): $8,921, CURRENT US$
Rnk 82 / 196

GDP PC GROWTH Flag (2008-2018): 1.02%, CURRENT US$
Rnk 141 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

Brazil-United States: In 2018, Brazil exported $29.3B to United States. The main products exported from Brazil to United States were Crude Petroleum ($3.11B), Semi-Finished Iron ($2.08B), and Planes, Helicopters, and/or Spacecraft ($2.06B). During the last 23 years the exports of Brazil to United States have increased at an annualized rate of 5.22%, from $9.09B in 1995 to $29.3B in 2018.

United States-Brazil: In 2018, United States exported $29.3B to Brazil. The main products exported from United States to Brazil were Refined Petroleum ($6.68B), Coal Briquettes ($1.12B), and Petroleum Gas ($1.11B). During the last 23 years the exports of United States to Brazil have increased at an annualized rate of 3.78%, from $12.5B in 1995 to $29.3B in 2018. In 2017, United States exported services to Brazil worth $20.1B, with Travel ($7.67B), Transportation ($4.92B), and Royalties and license fees ($3.7B) being the largest in terms of value.

Comparison: In 2018, Brazil ranked 39 in the Economic Complexity Index (ECI 0.62), and 25 in total exports ($242B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). In terms of GDP Per Capita, Brazil was ranked 82 with a GDP Per Capita of $8,921, and United States was ranked 10 with a GDP Per Capita of $62,795.

Bilateral Trade by Products

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Depth
Value

In 2018, Brazil exported $29.3B to United States. The main products exported from Brazil to United States were Crude Petroleum ($3.11B), Semi-Finished Iron ($2.08B), and Planes, Helicopters, and/or Spacecraft ($2.06B). During the last 23 years the exports of Brazil to United States have increased at an annualized rate of 5.22%, from $9.09B in 1995 to $29.3B in 2018.

In 2018, United States exported $29.3B to Brazil. The main products exported from United States to Brazil were Refined Petroleum ($6.68B), Coal Briquettes ($1.12B), and Petroleum Gas ($1.11B). During the last 23 years the exports of United States to Brazil have increased at an annualized rate of 3.78%, from $12.5B in 1995 to $29.3B in 2018.

Market Competitiveness

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Measure

Brazil
Top Destination
: China, $64.3B

United States
Top Destination
: Mexico, $237B

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

In 2018, countries that imported more from Brazil than United States were Argentina ($15B), Uruguay ($3.01B), and Iran ($2.27B).

In 2018, countries that imported more from United States than Brazil were Mexico ($237B), Canada ($190B), and Japan ($73.5B).

Comparative Advantage Brazil - United States

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Depth

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

During 2018, Brazil had a large net trade with United States in the exports of Machines ($5.05B), Metals ($4.86B), and Mineral Products ($4.47B).

During 2018, United States had a large net trade with Brazil in the exports of Mineral Products ($10.1B), Chemical Products ($6.76B), and Machines ($4.96B).

Tariff Section

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This sections shows import tariffs for products traded between Brazil and United States (using the HS6 product classification and the last year reported).

In 2018, the products from Brazil that paid the highest import tariffs to enter United States were Nuts, edible: coconuts, desiccated (55%) and Peaches, otherwise prepared or preserved (35%).

In 2018, the products from United States that paid the highest import tariffs to enter Brazil were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

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*The tariffs present between Brazil and United States are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Brazil and United States. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2017, United States exported services to Brazil worth $20.1B, with Travel ($7.67B), Transportation ($4.92B), and Royalties and license fees ($3.7B) 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 red.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over United States. Similarly, the more red a dot/product is, the more United States has comparative advantage over Brazil.