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Pricing

2022
Flag → Flag
Exports $5.28BRnk 24 / 220
2022
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Top Product $1.1BIntegrated Circuits
2022
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Exports $6.43BRnk 12 / 223
2022
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Top Product $1.75BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI 0.29Rnk 49 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

South Korea-Brazil In 2022, South Korea exported $5.28B to Brazil. The main products that South Korea exported to Brazil are Integrated Circuits ($1.1B), Motor vehicles; parts and accessories (8701 to 8705) ($625M), and Spark-Ignition Engines ($258M). During the last 27 years the exports of South Korea to Brazil have increased at an annualized rate of 4.56%, from $1.59B in 1995 to $5.28B in 2022.

In 2005, South Korea exported services to Brazil worth $184M, with Transportation ($158M), Other business services ($11.9M), and Travel ($11.2M) being the largest in terms of value.

Brazil-South Korea In 2022, Brazil exported $6.43B to South Korea. The main products that Brazil exported to South Korea were Crude Petroleum ($1.75B), Iron Ore ($867M), and Corn ($647M). During the last 27 years the exports of Brazil to South Korea have increased at an annualized rate of 7.55%, from $900M in 1995 to $6.43B in 2022.

In 2022, Brazil did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.29), and 25 in total exports ($341B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $418M and imported $659M from Brazil, resulting in a negative trade balance of $241M. Between February 2023 and February 2024 the exports of South Korea have increased by $75.4M (22%) from $342M to $418M, while imports increased by $4.06M (0.62%) from $655M to $659M.

Trade In February 2024, the top exports of South Korea to Brazil were Electrical machinery and electronics ($78.9M), Cars, tractors, trucks & parts thereof. ($63.9M), Machinery, mechanical appliances, & parts ($47.8M), Plastics & articles thereof ($31.2M), and Iron & steel ($31.2M). In February 2024 the top imports of South Korea from Brazil were Mineral fuels, mineral oils and products... ($165M), Cereals ($146M), Ores, slag and ash ($113M), Food residues & wastes; animal fodder ($51.8M), and Meat & edible offal ($47.9M).

Growth In February 2024, the increase in South Korea's year-by-year exports to Brazil was explained primarily by an increase in product exports in Iron or steel articles ($5.92M or 127%), Pharmaceutical products ($3.82M or 29.5%), and Cars, tractors, trucks & parts thereof. ($3.17M or 5.22%). In February 2024, the increase in South Korea's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Cereals ($90.4M or 163%), Wood pulp & paper scrap ($33.2M or 469%), and Meat & edible offal ($25.6M or 114%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$75.4M(22%)
IMPORT GROWTH (February 2023 - February 2024)$4.06M(0.62%)

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

To check Brazil and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $5.28B to Brazil. The main products exported from South Korea to Brazil were Integrated Circuits ($1.1B), Motor vehicles; parts and accessories (8701 to 8705) ($625M), and Spark-Ignition Engines ($258M). During the last 27 years the exports of South Korea to Brazil have increased at an annualized rate of 4.56%, from $1.59B in 1995 to $5.28B in 2022.

In 2022, Brazil exported $6.43B to South Korea. The main products exported from Brazil to South Korea were Crude Petroleum ($1.75B), Iron Ore ($867M), and Corn ($647M). During the last 27 years the exports of Brazil to South Korea have increased at an annualized rate of 7.55%, from $900M in 1995 to $6.43B in 2022.

Exports from South Korea (Flag) to Brazil (Flag) (2022)

Exports from Brazil (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Brazil
Top DestinationChina$90.1B

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

In 2021, countries that imported more from South Korea than Brazil were United States ($112B), China ($150B), and Vietnam ($60.7B).

In 2021, countries that imported more from Brazil than South Korea were Argentina ($15.4B), Chile ($9.17B), and Spain ($9.78B).

Difference in imports from Brazil (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Brazil

Flow
Scale

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

During 2022, South Korea had a large net trade with Brazil in the exports of Machines ($2.39B), Transportation ($734M), and Chemical Products ($722M).

During 2022, Brazil had a large net trade with South Korea in the exports of Mineral Products ($2.66B), Foodstuffs ($1.23B), and Vegetable Products ($1.17B).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Brazil worth $184M, with Transportation ($158M), Other business services ($11.9M), and Travel ($11.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Brazil (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Brazil. Similarly, the more yellow a dot/product is, the more Brazil has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Brazil (Flag) (2022)

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