Overview In 2021, Brazil was the number 12 economy in the world in terms of GDP (current US$), the number 24 in total exports, the number 27 in total imports, the number 97 economy in terms of GDP per capita (current US$) and the number 49 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Brazil are Iron Ore ($46.2B), Soybeans ($39B), Crude Petroleum ($30.7B), Raw Sugar ($10B), and Poultry Meat ($7.66B), exporting mostly to China ($88.3B), United States ($30.2B), Argentina ($12B), Netherlands ($9.29B), and Chile ($7.14B).

In 2021, Brazil was the world's biggest exporter of Soybeans ($39B), Raw Sugar ($10B), Poultry Meat ($7.66B), Frozen Bovine Meat ($7.09B), and Sulfate Chemical Woodpulp ($6.84B)

Imports The top imports of Brazil are Refined Petroleum ($13.1B), Motor vehicles; parts and accessories (8701 to 8705) ($7.58B), Vaccines, blood, antisera, toxins and cultures ($6.4B), Mixed Mineral or Chemical Fertilizers ($6.37B), and Petroleum Gas ($5.72B), importing mostly from China ($53.8B), United States ($39.3B), Germany ($12.4B), Argentina ($11.2B), and India ($6.77B).

In 2021, Brazil was the world's biggest importer of Mixed Mineral or Chemical Fertilizers ($6.37B), Pesticides ($4.49B), Nitrogenous Fertilizers ($4.42B), Potassic Fertilizers ($4.1B), and Phosphatic Fertilizers ($1.06B)

Location Brazil borders Argentina, Bolivia, Paraguay, Peru, Suriname, Uruguay, and Venezuela by land.

Latest Trends

December, 2023

Historical Data

Yearly Trade

Top Export (2021)Iron Ore$46.2B
Top Destination (2021)China$88.3B

In 2021, Brazil exported a total of $288B, making it the number 24 exporter in the world. During the last five reported years the exports of Brazil have changed by $98.5B from $190B in 2016 to $288B in 2021.

The most recent exports are led by Iron Ore ($46.2B), Soybeans ($39B), Crude Petroleum ($30.7B), Raw Sugar ($10B), and Poultry Meat ($7.66B). The most common destination for the exports of Brazil are China ($88.3B), United States ($30.2B), Argentina ($12B), Netherlands ($9.29B), and Chile ($7.14B).

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Exports (2021)
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Destinations (2021)
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Market Growth

Fastest Growing Export Markets (2020 - 2021)
China$20.3B (+ 29.9%)
United States$8.35B (+ 38.2%)
Argentina$3.38B (+ 39.4%)
Fastest Growing Import Markets (2020 - 2021)
China$17B (+ 46.1%)
United States$9.99B (+ 34.1%)
Argentina$3.55B (+ 46.3%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Brazil Exports Services (2019)$33.8B
Brazil Imports Services (2019)$69B

In 2019, Brazil exported $33.8B worth of services. The top services exported by Brazil in 2019 were Other business services ($15.8B), Transportation ($5.56B), Personal travel ($4.31B), Computer and information services ($2.57B), and Business travel ($1.68B).

The top services imported by Brazil in 2019 were Other business services ($24.5B), Personal travel ($12.8B), Transportation ($11.5B), Computer and information services ($5.4B), and Royalties and license fees ($5.25B).

Service Exports (2019)

Service Imports (2019)

Economic Complexity


Economic Complexity (Trade)0.33Rank 49 of 131
Economic Complexity (Technology)1.15Rank 12 of 96
Economic Complexity (Research)1.38Rank 20 of 140

Comparison Map


This section shows exports, imports and economic complexity data at the subnational level for Brazil. Click any of the State in the geomap to visit the specific subnational profile.

The top territories of Brazil according to its Economic Complexity Index are São Paulo (0.16), Santa Catarina (0.023), and Rio de Janeiro (-0.024).

The principal exporters of Brazil were São Paulo ($71B), Rio de Janeiro ($45.9B), and Minas Gerais ($40B).

The same year,  the principal importers of Brazil were São Paulo ($71.8B), Santa Catarina ($28.8B), and Rio de Janeiro ($25.9B).

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Most Specialized Products by RCA Index

Brazil has a high level of specialization in Soybeans (36.2), Raw Sugar (25.8), Soybean Meal (18.6), Poultry Meat (18.2), and Pig Iron (17.2). Specialization is measured using RCA, an index that takes the ratio between Brazil observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for Brazil according to the relatedness index, were Coal Briquettes (0.24), Sorghum (0.23), Tin Ores (0.22), Uranium and Thorium Ore (0.22), and Wool (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brazil is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Brazil. These are products that tend to be co-exported with the products that Brazil exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier


The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking


During the last 20 years Brazil's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨32nd to the 49th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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