Flag Brazil

Econ Complexity (2018): 0.62, Rank 39 of 137

Product Exports (2018): $242B, Rank 25 of 222

Exports Per Capita (2018): $1.16k, Rank 183 of 219

Product Imports (2018): $173B, Rank 30 of 221

Imports Per Capita (2018): $826, Rank 213 of 219

Service Exports (2018): $34.1B, Rank 17 of 88

Service Imports (2018): $70.9B, Rank 12 of 88

GDP (2018): $1.87T, CURRENT US$
Rank 9 of 196

GDP growth (2008 - 2018): 10.2%, CURRENT US$
Rank 143 of 196

GDP PC (2018): $8,921, CURRENT US$
Rank 82 of 196

GDP PC GROWTH (2008 - 2018): 1.02%, CURRENT US$
Rank 141 of 196

Overview: In 2018 Brazil was the number 9 economy in the world in terms of GDP (current US$), the number 25 in total exports, the number 30 in total imports, and the number 39 most complex economy according to the Economic Complexity Index (ECI). In 2018, Brazil exported $242B and imported $173B, resulting in a positive trade balance of $69.5B. In 2018, Brazil's exports per capita were $1.16k and its imports per capita were $826.

Trade: The top exports of Brazil are Soybeans ($33.2B), Crude Petroleum ($25.2B), Iron Ore ($20.5B), Sulfate Chemical Woodpulp ($8.26B), and Soybean Meal ($6.8B). The top imports of Brazil are Refined Petroleum ($11.7B), Vehicle Parts ($6.12B), Crude Petroleum ($4.5B), Cars ($4.24B), and Integrated Circuits ($4.17B).

Destinations: Brazil exports mostly to China ($64.3B), United States ($29.3B), Argentina ($15B), Netherlands ($11.9B), and Chile ($6.45B), and imports mostly from China ($33.9B), United States ($29.3B), Germany ($11.1B), Argentina ($11B), and France ($5.12B).

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

Latest Trends (June, 2020)

#permalink to section

Overview: In June 2020 Brazil exported $17.9B and imported $10.4B, resulting in a positive trade balance of $7.46B. Between June 2019 and June 2020 the exports of Brazil have decreased by $-494M (-2.68%) from $18.4B to $17.9B, while imports decreased by $-2.58B (-19.8%) from $13B to $10.4B.

Trade: In June 2020 the top exports of Brazil were Soybeans ($4.67B), Iron Ore ($1.88B), Crude Petroleum ($1.09B), Raw Sugar ($811M), and Frozen Bovine Meat ($609M). In June 2020 the top imports of Brazil were Crude Petroleum ($485M), Pesticides ($378M), Refined Petroleum ($333M), Telephones ($329M), and Blood, antisera, vaccines, toxins and cultures ($323M).

Origins: In June 2020 the exports of Brazil were mainly from S茫o Paulo ($3.05B), Minas Gerais ($2.08B), Mato Grosso ($1.64B), Par谩 ($1.5B), and Paran谩 ($1.35B), while imports destinations were mainly S茫o Paulo ($3.76B), Rio de Janeiro ($1.04B), Santa Catarina ($882M), Paran谩 ($709M), and Rio Grande do Sul ($655M).

Destinations: In June 2020 Brazil exported mostly to China ($7.16B), United States ($1.52B), Netherlands ($708M), Argentina ($604M), and Indonesia ($328M), and imported mostly from China ($2.34B), United States ($1.61B), Germany ($624M), Argentina ($501M), and South Korea ($261M).

Growth: In June 2020, the decrease in Brazil's year-by-year exports was explained primarily by a decrease in exports to United States ($-912M or -37.5%), Chile ($-277M or -55.5%), and Argentina ($-269M or -30.8%), and product exports decrease in Crude Petroleum ($-486M or -30.7%), Poultry Meat ($-193M or -32.2%), and Iron Ore ($-179M or -8.66%). In June 2020, the decrease in Brazil's year-by-year imports was explained primarily by a decrease in imports from United States ($-417M or -20.6%), Argentina ($-327M or -39.5%), and China ($-169M or -6.74%), and product imports decrease in Refined Petroleum ($-434M or -56.6%), Cars ($-196M or -73.2%), and Vehicle Parts ($-171M or -51.4%).

Flow
Value
Depth

EXPORT GROWTH (June 2019 - June 2020): $-494M, (-2.68%)

IMPORT GROWTH (June 2019 - June 2020): $-2.58B, (-19.8%)

MAIN EXPORTER (June 2020): S茫o Paulo, $3.05B

MAIN DESTINATION (June 2020): China, $7.16B

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Brazil over time.

Comparison in Time

#permalink to section
Flow
Value

This section shows the differences between Brazil's total subnational aggregate trade throughout time. To explore different subnational trade comparisons in time, visit Brazil's subnational profiles.

Explore Brazil's Subnational Data

Product Exports

#permalink to section
Value
Depth

Top Export (2018): Soybeans, $33.2B

Top Destination (2018): China, $64.3B

In 2018 Brazil exported a total of $242B, making it the number 25 exporter in the world. During the last five reported years the exports of Brazil have changed by -$6.35B from $249B in 2013 to $242B in 2018.

The most recent exports are led by Soybeans ($33.2B), Crude Petroleum ($25.2B), Iron Ore ($20.5B), Sulfate Chemical Woodpulp ($8.26B), and Soybean Meal ($6.8B). The most common destination for the exports of Brazil are China ($64.3B), United States ($29.3B), Argentina ($15B), Netherlands ($11.9B), and Chile ($6.45B).

Explore Visualizations

Product Imports

#permalink to section
Value
Depth

Top Import (2018): Refined Petroleum, $11.7B

Top Origin (2018): China, $33.9B

In 2018 Brazil imported $173B, making it the number 30 trade destination in the world. During the last five reported years the imports of Brazil changed by -$68.1B from $241B in 2013 to $173B in 2018.

The most recent imports of Brazil are led by Refined Petroleum ($11.7B), Vehicle Parts ($6.12B), Crude Petroleum ($4.5B), Cars ($4.24B), and Integrated Circuits ($4.17B). The most common import partners for Brazil are China ($33.9B), United States ($29.3B), Germany ($11.1B), Argentina ($11B), and France ($5.12B).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Brazil Exports Services (2018): $34.1B

Brazil Imports Services (2018): $70.9B

In 2018, Brazil exported $34.1B worth of services. The top services exported by Brazil in 2018 were Other business services ($16.4B), Transportation ($5.88B), Personal travel ($4.32B), Computer and information services ($2.62B), and Business travel ($1.6B).

The top services imported by Brazil in 2018 were Other business services ($25.8B), Personal travel ($13.2B), Transportation ($12B), Royalties and license fees ($5.12B), and Business travel ($5.02B).

Trade Forecasts

#permalink to section

This section shows forecasts for total product exports and imports for Brazil. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Tariffs by Product

#permalink to section

The top product import tariffs by their MFN Ad Valorem value for Brazil are Nuts, edible: coconuts, desiccated (55%) and Nuts, edible: coconuts, desiccated (41.8%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

Explore Tariff Data

*The tariffs applied to imports for Brazil are:
16: AAP.A25TM N掳 38 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 38 Suscrito al Amparo del Art铆culo 25 del Tratado de Montevideo 1980
17: AAP.A25TM N掳 41 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 41, Suscrito al Amparo del Art铆culo 25 del Tratado de Montevideo 1980
23: AAP.AG N掳 02 - Acuerdo de Alcance Parcial para la Liberaci贸n y Expansi贸n del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
27: AAP.CE N掳 14 Acuerdo de Complementaci贸n Econ贸mica N掳 14 celebrado entre la Rep煤blica Argentina y la Rep煤blica Federativa del Brasil
28: AAP.CE N掳 18 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay y Uruguay
29: AAP.CE N掳 2 Acuerdo de Complementaci贸n Econ贸mica N掳 2 celebrado entre la Rep煤blica Federativa del Brasil y la Rep煤blica Oriental del Uruguay
35: AAP.CE N掳 35 - Complementaci贸n Econ贸mica entre MERCOSUR y Chile
36: AAP.CE N掳 36 - Complementaci贸n Econ贸mica entre MERCOSUR y Bolivia
49: AAP.CE N掳 53 Acuerdo de Complementaci贸n Econ贸mica N掳 53 entre la Rep煤blica Federativa del Brasil y los Estados Unidos Mexicanos
50: AAP.CE N掳 55 Acuerdo de Complementaci贸n Econ贸mica N掳 55 celebrado entre el MERCOSUR y los Estados Unidos Mexicanos
60: AAP.CE N掳 58 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay y Per煤
61: AAP.CE N掳 59 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela
64: AAP.CE N掳 62 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay y Cuba
71: AAP.CE N潞 69 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 69 entre la Rep煤blica Federativa del Brasil y la Rep煤blica Bolivariana de Venezuela
79: AR.AM N掳 01 - Acuerdo Regional de Apertura de Mercados en Favor de Bolivia
80: AR.AM N掳 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador
81: AR.AM N掳 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay
82: AR.CEYC N掳 7 Acuerdo de Cooperaci贸n e Intercambio en las 脕reas Cultural, Educacional y Cient铆fica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, M茅xico, Panam谩, Paraguay, Per煤, Uruguay)
83: AR.PAR N掳 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador M茅xico Panam谩 Paraguay Per煤 Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
195: Preferential tariff for Cuba
239: Preferential tariff for India
244: Preferential tariff for Israel
269: Preferential tariff for MERCOSUR countries (Southern Common Market)
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Economic Complexity

#permalink to section

Economic Complexity Ranking

#permalink to section
Scale

During the last 20 years Brazil's鈦 鈦╡conomy has become relatively less complex, moving from the 鈦┾仺23rd to the 39th鈦 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

Comparison Map

#permalink to section
Value

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

Explore Subnational Data

Most Specialized Products by RCA Index

#permalink to section

Brazil has a high level of specialization in Soybeans (42.5), Raw Sugar (21.4), Steel Ingots (19.9), Soybean Meal (19.1), and Poultry Meat (17). 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

#permalink to section

The highest complexity exports of Brazil according to the product complexity index (PCI) are Bodies (including cabs), for motor vehicles (1.11), Parts for internal combustion spark ignition engines (1.02), Unsaturated acyclic, cyclic monocarboxylc acid, derivs (1), Glass in balls, rods or tubes, unworked (0.97), and Nickel bars, rods, profiles and wire (0.96). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Brazil according to the relatedness index, are Uranium and Thorium Ore (0.23), Sorghum (0.21), Other Ores (0.21), Coal Briquettes (0.21), and Cobalt (0.2). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brazil is not specialized in.

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 it is currently specialized in.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.