Flag South Korea / Brazil Flag

2019
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Exports
: $4.83B, Rnk 21 / 215

2019
Flag β†’ Flag
Top Product
: $1.01B, Integrated Circuits

2019
Flag β†’ Flag
Exports
: $3.55B, Rnk 10 / 220

2019
Flag β†’ Flag
Top Product
: $615M, Iron Ore

2019
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Economic Complexity (ECI)
: ECI 1.95, Rnk 5 / 157

2019
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Economic Complexity (ECI)
: ECI 0.55, Rnk 49 / 157

2019
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GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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 GDP
: $1.84T, CURRENT US$
Rnk 9 / 187

2009-2019
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GDP GROWTH
: 10.4%, CURRENT US$
Rnk 162 / 187

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

2019
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GDP PC 
: $8,717, CURRENT US$
Rnk 79 / 187

2009-2019
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GDP PC GROWTH
: 1.39%, CURRENT US$
Rnk 156 / 187

South Korea-Brazil: In 2019, South Korea exported $4.83B to Brazil. The main products that South Korea exported to Brazil are Integrated Circuits ($1.01B), Vehicle Parts ($603M), and Broadcasting Accessories ($251M). During the last 24 years the exports of South Korea to Brazil have increased at an annualized rate of 4.98%, from $1.5B in 1995 to $4.83B in 2019.

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 2019, Brazil exported $3.55B to South Korea . The main products that Brazil exported to South Korea were Iron Ore ($615M), Corn ($588M), and Soybean Meal ($509M). During the last 24 years the exports of Brazil to South Korea have increased at an annualized rate of 5.86%, from $906M in 1995 to $3.55B in 2019.

In 2019, Brazil did not exported services to South Korea.

Comparison: In 2019,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.95), and 6 in total exports ($555B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.55), and 25 in total exports ($230B).

Bilateral Trade by Products

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Depth
Value

In 2019, South Korea exported $4.83B to Brazil. The main products exported from South Korea to Brazil were Integrated Circuits ($1.01B), Vehicle Parts ($603M), and Broadcasting Accessories ($251M). During the last 24 years the exports of South Korea to Brazil have increased at an annualized rate of 4.98%, from $1.5B in 1995 to $4.83B in 2019.

In 2019, Brazil exported $3.55B to South Korea. The main products exported from Brazil to South Korea were Iron Ore ($615M), Corn ($588M), and Soybean Meal ($509M). During the last 24 years the exports of Brazil to South Korea have increased at an annualized rate of 5.86%, from $906M in 1995 to $3.55B in 2019.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Brazil
Top Destination
: China, $63.5B

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 2019, countries that imported more from South Korea than Brazil were China ($136B), Vietnam ($47.8B), and United States ($74.8B).

In 2019, countries that imported more from Brazil than South Korea were Argentina ($9.85B), Netherlands ($9.13B), and Chile ($5.24B).

Comparative Advantage South Korea - Brazil

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Depth

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

During 2019, South Korea had a large net trade with Brazil in the exports of Machines ($2.39B), Transportation ($820M), and Metals ($424M).

During 2019, Brazil had a large net trade with South Korea in the exports of Mineral Products ($821M), Foodstuffs ($819M), and Vegetable Products ($713M).

Tariff Section

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This section shows import tariffs for products traded between South Korea and Brazil (using the HS6 product classification and the last year reported).

In 2018, the products from South Korea that paid the highest import tariffs to enter Brazil were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

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

Explore Tariff Data

*The tariffs present between South Korea and Brazil are:
136: Most Favoured Nation duty rate treatement
335: Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries
340: Preferential tariff under the Trade Negotiations among Developing Countries (TNDC) in WTO

Bilateral Service Trade

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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.

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 South Korea has comparative advantage over Brazil. Similarly, the more red a dot/product is, the more Brazil has comparative advantage over South Korea.