Mexico (MEX) and Brazil (BRA) Trade | OEC - The Observatory of Economic Complexity

About

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

Bilateral Trade by Products

Depth

Value

Year

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.

Latest Data

Mexico Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

SectionYear

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

Flow

Scale

Year

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

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Latest Data

Mexico Exports

Brazil Exports

Market Competitiveness

Comparative Advantage Mexico - Brazil

Economic Complexity

Competitive Landscape

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