Brazil (BRA) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Brazil (BRA) and Russia (RUS) Trade

2022

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Exports $1.97BRnk 34 / 223

2022

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About

Brazil-Russia Trade: In 2022, Brazil exported $1.97B to Russia. The main products that Brazil exported to Russia were Soybeans ($889M), Raw Sugar ($286M), and Frozen Bovine Meat ($162M). Over the past 5 years the exports of Brazil to Russia have decreased at an annualized rate of 7.94%, from $2.98B in 2017 to $1.97B in 2022.

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

Russia-Brazil Trade: In 2022, Russia exported $7.45B to Brazil. The main products that Russia exported to Brazil were Potassic Fertilizers ($2.25B), Mixed Mineral or Chemical Fertilizers ($2.14B), and Refined Petroleum ($1.03B). Over the past 5 years the exports of Russia to Brazil have increased at an annualized rate of 19.6%, from $3.04B in 2017 to $7.45B in 2022.

In 2020, Russia exported services to Brazil worth $10.9M, with Other business services ($4.81M), Transportation ($2.41M), and Construction services ($1.98M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $216M and imported $1.05B from Russia, resulting in a negative trade balance of $835M. Between October 2023 and October 2024 the exports of Brazil have increased by $113M (108%) from $104M to $216M, while imports increased by $217M (26.1%) from $834M to $1.05B.

Trade In October 2024, the top exports of Brazil to Russia were Soybeans ($67.2M), Coffee ($19.5M), Raw Sugar ($18.2M), Frozen Bovine Meat ($14.9M), and Ground Nuts ($10.4M). In October 2024 the top imports of Brazil from Russia were Mixed Mineral or Chemical Fertilizers ($179M), Potassic Fertilizers ($93.2M), Refined Petroleum ($89.1M), Nitrogenous Fertilizers ($68.1M), and Semi-Finished Iron ($19.4M).

Origins In October 2024 the exports of Brazil were mainly from Minas Gerais ($39.5M), Mato Grosso ($25.3M), Paraná ($25.1M), Rio Grande do Sul ($21.5M), and São Paulo ($20.3M), while imports destinations were mainly São Paulo ($203M), Paraná ($181M), Amazonas ($116M), Rio de Janeiro ($87.1M), and Maranhão ($86.4M).

Growth In October 2024, the increase in Brazil's year-by-year exports to Russia was explained primarily by an increase in product exports in Soybeans ($39M or 138%), Gelatin ($4.58M or 1.01k%), and Other Heating Machinery ($1.75M or 49.3k%). In October 2024, the increase in Brazil's year-by-year imports from Russia was explained primarily by an increase in product imports in Refined Petroleum ($82.1M or 1.17k%), Mixed Mineral or Chemical Fertilizers ($45.8M or 34.4%), and Nitrogenous Fertilizers ($13.5M or 24.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$113M(108%)

IMPORT GROWTH (October 2023 - October 2024)$217M(26.1%)

MAIN EXPORTER (October 2024)Minas Gerais$39.5M

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 Russia and Brazil trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Brazil exported $1.97B to Russia. The main products exported from Brazil to Russia were Soybeans ($889M), Raw Sugar ($286M), and Frozen Bovine Meat ($162M). During the last 5 years the exports of Brazil to Russia have decreased at an annualized rate of 7.94%, from $2.98B in 2017 to $1.97B in 2022.

In 2017, Russia exported $7.45B to Brazil. The main products exported from Russia to Brazil were Potassic Fertilizers ($2.25B), Mixed Mineral or Chemical Fertilizers ($2.14B), and Refined Petroleum ($1.03B). During the last 5 years the exports of Russia to Brazil have increased at an annualized rate of 19.6%, from $3.04B in 2022 to $7.45B in 2017.

Exports from Brazil () to Russia () (2022)

Exports from Russia () to Brazil () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Brazil
Top DestinationChina$90.1B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Brazil than Russia included United States ($36.6B), Argentina ($15.4B), and Chile ($9.17B).

In 2022, countries that imported more from Russia than Brazil included India ($40.4B), Turkey ($25.3B), and Germany ($27.7B).

Difference in imports from Russia () and Brazil () (2022)

Comparative Advantage Brazil - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Brazil had a large net trade with Russia in the exports of Vegetable Products ($1.13B), Foodstuffs ($361M), and Animal Products ($311M).

During 2017, Russia had a large net trade with Brazil in the exports of Chemical Products ($5.37B), Mineral Products ($1.66B), and Metals ($153M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Brazil Russia+$64.3MFrozen Bovine Meat

Top Product Potential Russia Brazil+$595MRefined 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

Rus Year

In 2020, Russia exported services to Brazil worth $10.9M, with Other business services ($4.81M), Transportation ($2.41M), and Construction services ($1.98M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Brazil () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Brazil () and Russia () (2022)

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