2022
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GDP
$1.41TCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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 GDP
$1.92TCURRENT US$
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2012-2022
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GDP GROWTH
-22.1%CURRENT US$
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2022
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GDP PC 
$11,091CURRENT US$
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2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
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2022
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GDP PC
$8,918CURRENT US$
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2012-2022
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GDP PC GROWTH
-27.7%CURRENT US$
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About

Mexico-Brazil In 2022, Mexico exported $4.65B to Brazil. The main products that Mexico exported to Brazil are Motor vehicles; parts and accessories (8701 to 8705) ($650M), Delivery Trucks ($336M), and Cars ($238M). During the last 27 years the exports of Mexico to Brazil have increased at an annualized rate of 6.31%, from $890M in 1995 to $4.65B in 2022.

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

Brazil-Mexico In 2022, Brazil exported $7.06B to Mexico. The main products that Brazil exported to Mexico were Cars ($685M), Semi-Finished Iron ($605M), and Corn ($492M). During the last 27 years the exports of Brazil to Mexico have increased at an annualized rate of 9.63%, from $590M in 1995 to $7.06B in 2022.

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

Comparison In 2022,  Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.29), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $4.65B to Brazil. The main products exported from Mexico to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($650M), Delivery Trucks ($336M), and Cars ($238M). During the last 27 years the exports of Mexico to Brazil have increased at an annualized rate of 6.31%, from $890M in 1995 to $4.65B in 2022.

In 2022, Brazil exported $7.06B to Mexico. The main products exported from Brazil to Mexico were Cars ($685M), Semi-Finished Iron ($605M), and Corn ($492M). During the last 27 years the exports of Brazil to Mexico have increased at an annualized rate of 9.63%, from $590M in 1995 to $7.06B in 2022.

Exports from Mexico (Flag) to Brazil (Flag) (2022)

Exports from Brazil (Flag) to Mexico (Flag) (2022)

Latest Data

Trade between Mexico (Flag) and Brazil (Flag)

Mexico Exports

Brazil Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Brazil
Top Destination
China$90.1B

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 ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

In 2021, countries that imported more from Brazil than Mexico were China ($90.1B), Argentina ($15.4B), and Netherlands ($11.8B).

Difference in imports from Brazil (Flag) and Mexico (Flag) (2022)

Comparative Advantage Mexico - Brazil

Flow
Scale

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

During 2022, Mexico had a large net trade with Brazil in the exports of Transportation ($1.36B), Machines ($1.32B), and Chemical Products ($723M).

During 2022, Brazil had a large net trade with Mexico in the exports of Transportation ($1.26B), Machines ($1.17B), and Vegetable Products ($1.14B).

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

Product Space of Mexico (Flag) and Brazil (Flag) (2022)

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