Flag Mexico / Brazil Flag

2021
FlagFlag
Exports
: $3.89B, Rnk 9 / 152

2021
FlagFlag
Top Product
: $607M, Motor vehicles; parts and accessories (8701 to 8705)

2021
FlagFlag
Exports
: $5.58B, Rnk 9 / 220

2021
FlagFlag
Top Product
: $543M, Soybeans

2021
Flag
Economic Complexity (ECI)
: ECI 1.09, Rnk 23 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.33, Rnk 49 / 131

2021
Flag  
GDP
: $1.29T, CURRENT US$
Rnk 15 / 182

2011-2021
Flag
GDP GROWTH
: 9.53%, CURRENT US$
Rnk 132 / 182

2021
Flag
 GDP
: $1.61T, CURRENT US$
Rnk 12 / 182

2011-2021
Flag
GDP GROWTH
: -38.5%, CURRENT US$
Rnk 179 / 182

2021
Flag
GDP PC 
: $9,926, CURRENT US$
Rnk 67 / 182

2011-2021
Flag
GDP PC GROWTH
: -2.71%, CURRENT US$
Rnk 133 / 182

2021
Flag
GDP PC
: $7,519, CURRENT US$
Rnk 81 / 182

2011-2021
Flag
GDP PC GROWTH
: -43.2%, CURRENT US$
Rnk 177 / 182

Mexico-Brazil In 2021, Mexico exported $3.89B to Brazil. The main products that Mexico exported to Brazil are Motor vehicles; parts and accessories (8701 to 8705) ($607M), Cars ($322M), and Unsaturated Acyclic Monocarboxylic Acids ($168M). During the last 26 years the exports of Mexico to Brazil have increased at an annualized rate of 5.85%, from $887M in 1995 to $3.89B in 2021.

In 2021, Mexico did not export any services to Brazil.

Brazil-Mexico In 2021, Brazil exported $5.58B to Mexico. The main products that Brazil exported to Mexico were Soybeans ($543M), Cars ($475M), and Semi-Finished Iron ($432M). During the last 26 years the exports of Brazil to Mexico have increased at an annualized rate of 9.02%, from $590M in 1995 to $5.58B in 2021.

In 2021, Brazil did not export any services to Mexico.

Comparison In 2021,  Mexico ranked 23 in the Economic Complexity Index (ECI 1.09), and 12 in total exports ($474B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.33), and 24 in total exports ($288B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Mexico exported $3.89B to Brazil. The main products exported from Mexico to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($607M), Cars ($322M), and Unsaturated Acyclic Monocarboxylic Acids ($168M). During the last 26 years the exports of Mexico to Brazil have increased at an annualized rate of 5.85%, from $887M in 1995 to $3.89B in 2021.

In 2021, Brazil exported $5.58B to Mexico. The main products exported from Brazil to Mexico were Soybeans ($543M), Cars ($475M), and Semi-Finished Iron ($432M). During the last 26 years the exports of Brazil to Mexico have increased at an annualized rate of 9.02%, from $590M in 1995 to $5.58B in 2021.

Mexico Exports

#permalink to section

Brazil Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

Mexico
Top Destination
: United States, $361B

Brazil
Top Destination
: China, $88.3B

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

In 2021, countries that imported more from Mexico than Brazil were United States ($361B), Canada ($17.4B), and Chinese Taipei ($8.05B).

In 2021, countries that imported more from Brazil than Mexico were China ($88.3B), Argentina ($12B), and Netherlands ($9.29B).

Comparative Advantage Mexico - Brazil

#permalink to section
Flow
Scale

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

During 2021, Mexico had a large net trade with Brazil in the exports of Transportation ($1.18B), Machines ($1.08B), and Chemical Products ($612M).

During 2021, Brazil had a large net trade with Mexico in the exports of Machines ($1.06B), Metals ($926M), and Transportation ($833M).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Mexico has comparative advantage over Brazil. Similarly, the more yellow a dot/product is, the more Brazil has comparative advantage over Mexico.