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2023
Flag → Flag
Exports $5.81BRnk 24 / 219
2023
Flag → Flag
Top Product $405MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $4.85BRnk 14 / 221
2023
Flag → Flag
Top Product $812MSulfate Chemical Woodpulp
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Italy-Brazil Trade: In 2023, Italy exported $5.81B to Brazil. The main products that Italy exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($405M), Vaccines, blood, antisera, toxins and cultures ($240M), and Transmissions ($173M). Over the past 5 years the exports of Italy to Brazil have increased at an annualized rate of 3.65%, from $4.85B in 2018 to $5.81B in 2023.

In 2020, Italy exported services to Brazil worth $671M, with Travel ($253M), Other business services ($150M), and Royalties and license fees ($105M) being the largest in terms of value.

Brazil-Italy Trade: In 2023, Brazil exported $4.85B to Italy. The main products that Brazil exported to Italy were Sulfate Chemical Woodpulp ($812M), Coffee ($784M), and Soybeans ($632M). Over the past 5 years the exports of Brazil to Italy have increased at an annualized rate of 4.59%,  from $3.88B in 2018 to $4.85B in 2023.

In 2023, Brazil did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €478M and imported €383M from Brazil, resulting in a positive trade balance of €95.1M. Between October 2023 and October 2024 the exports of Italy have increased by €52.2M (12.3%) from €426M to €478M, while imports increased by €97.4M (34.1%) from €286M to €383M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€52.2M(12.3%)
IMPORT GROWTH (October 2023 - October 2024)€97.4M(34.1%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Brazil and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $5.81B to Brazil. The main products exported from Italy to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($405M), Vaccines, blood, antisera, toxins and cultures ($240M), and Transmissions ($173M). During the last 5 years the exports of Italy to Brazil have increased at an annualized rate of 3.65%, from $4.85B in 2018 to $5.81B in 2023.

In 2018, Brazil exported $4.85B to Italy. The main products exported from Brazil to Italy were Sulfate Chemical Woodpulp ($812M), Coffee ($784M), and Soybeans ($632M). During the last 5 years the exports of Brazil to Italy have increased at an annualized rate of 4.59%, from $3.88B in 2023 to $4.85B in 2018.

Exports from Italy (Flag) to Brazil (Flag) (2023)

Exports from Brazil (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Italy than Brazil included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

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

Difference in imports from Brazil (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Brazil

Flow
Scale

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

During 2023, Italy had a large net trade with Brazil in the exports of Machines ($2.28B), Chemical Products ($980M), and Transportation ($634M).

During 2018, Brazil had a large net trade with Italy in the exports of Vegetable Products ($1.53B), Paper Goods ($861M), and Mineral Products ($722M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Brazil+$145MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Brazil Italy+$363MCrude 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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Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Brazil (Flag) (2023)

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