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.
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 $10.4B.
Growth: In June 2020, the decrease in Brazil's year-by-year exports was explained primarily by a decrease in exports to United States ($-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%).
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.
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.
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.
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.
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).
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.
*The tariffs applied to imports for Brazil are:16: AAP.A25TM N° 38 Acuerdo de Alcance Parcial de Complementación Económica N° 38 Suscrito al Amparo del Artículo 25 del Tratado de Montevideo 198017: AAP.A25TM N° 41 Acuerdo de Alcance Parcial de Complementación Económica N° 41, Suscrito al Amparo del Artículo 25 del Tratado de Montevideo 198023: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM8027: AAP.CE N° 14 Acuerdo de Complementación Económica N° 14 celebrado entre la República Argentina y la República Federativa del Brasil28: AAP.CE N° 18 - Complementación Económica entre Argentina, Brasil, Paraguay y Uruguay29: AAP.CE N° 2 Acuerdo de Complementación Económica N° 2 celebrado entre la República Federativa del Brasil y la República Oriental del Uruguay35: AAP.CE N° 35 - Complementación Económica entre MERCOSUR y Chile36: AAP.CE N° 36 - Complementación Económica entre MERCOSUR y Bolivia49: AAP.CE N° 53 Acuerdo de Complementación Económica N° 53 entre la República Federativa del Brasil y los Estados Unidos Mexicanos50: AAP.CE N° 55 Acuerdo de Complementación Económica N° 55 celebrado entre el MERCOSUR y los Estados Unidos Mexicanos60: AAP.CE N° 58 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay y Perú61: AAP.CE N° 59 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela64: AAP.CE N° 62 - Complementación Económica entre Argentina, Brasil, Paraguay, Uruguay y Cuba71: AAP.CE Nº 69 Acuerdo de Alcance Parcial de Complementación Económica N° 69 entre la República Federativa del Brasil y la República Bolivariana de Venezuela79: AR.AM N° 01 - Acuerdo Regional de Apertura de Mercados en Favor de Bolivia80: AR.AM N° 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador81: AR.AM N° 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)136: Most Favoured Nation duty rate treatement195: Preferential tariff for Cuba239: Preferential tariff for India244: Preferential tariff for Israel269: Preferential tariff for MERCOSUR countries (Southern Common Market)336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries
During the last 20 years Brazil's economy has become relatively less complex, moving from the 23rd to the 39th 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.
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.
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.
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.
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.
Brazil
