Vietnam (VNM) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Vietnam-Brazil Trade: In 2023, Vietnam exported $3.15B to Brazil. The main products that Vietnam exported to Brazil were Telephones ($718M), Integrated Circuits ($559M), and Rubber Tires ($282M). Over the past 5 years the exports of Vietnam to Brazil have increased at an annualized rate of 5.39%, from $2.42B in 2018 to $3.15B in 2023.

In 2023, Vietnam did not export any services to Brazil.

Brazil-Vietnam Trade: In 2023, Brazil exported $3.72B to Vietnam. The main products that Brazil exported to Vietnam were Corn ($1.13B), Soybean Meal ($727M), and Soybeans ($514M). Over the past 5 years the exports of Brazil to Vietnam have increased at an annualized rate of 12.4%, from $2.08B in 2018 to $3.72B in 2023.

In 2023, Brazil did not export any services to Vietnam.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $3.15B to Brazil. The main products exported from Vietnam to Brazil were Telephones ($718M), Integrated Circuits ($559M), and Rubber Tires ($282M). During the last 5 years the exports of Vietnam to Brazil have increased at an annualized rate of 5.39%, from $2.42B in 2018 to $3.15B in 2023.

In 2018, Brazil exported $3.72B to Vietnam. The main products exported from Brazil to Vietnam were Corn ($1.13B), Soybean Meal ($727M), and Soybeans ($514M). During the last 5 years the exports of Brazil to Vietnam have increased at an annualized rate of 12.4%, from $2.08B in 2023 to $3.72B in 2018.

Exports from Vietnam () to Brazil () (2023)

Exports from Brazil () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Brazil ()

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Vietnam than Brazil included United States ($118B), Japan ($25.1B), and Hong Kong ($17.1B).

In 2023, countries that imported more from Brazil than Vietnam included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

Difference in imports from Brazil () and Vietnam () (2023)

Comparative Advantage Vietnam - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Brazil in the exports of Machines ($1.9B), Plastics and Rubbers ($374M), and Footwear and Headwear ($227M).

During 2018, Brazil had a large net trade with Vietnam in the exports of Vegetable Products ($1.82B), Foodstuffs ($966M), and Textiles ($388M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Brazil+$265MTelephones

Top Product Potential Brazil Vietnam+$56.4MSoybeans

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and Brazil. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Brazil () (2023)

Exports from Brazil () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Brazil ()

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Vietnam () (2023)

Comparative Advantage Vietnam - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Brazil () (2023)

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