Overview In 2020 Brazil was the number 12 economy in the world in terms of GDP (current US$), the number 25 in total exports, the number 29 in total imports, the number 91 economy in terms of GDP per capita (current US$) and the number 47 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Brazil are Soybeans ($28.6B), Iron Ore ($26.5B), Crude Petroleum ($19.8B), Raw Sugar ($8.95B), and Frozen Bovine Meat ($6.69B), exporting mostly to China ($67.9B), United States ($21.9B), Argentina ($8.57B), Netherlands ($6.7B), and Canada ($4.39B).

In 2020, Brazil was the world's biggest exporter of Soybeans ($28.6B), Raw Sugar ($8.95B), Frozen Bovine Meat ($6.69B), Sulfate Chemical Woodpulp ($5.84B), and Poultry Meat ($5.59B)

Imports The top imports of Brazil are Refined Petroleum ($7.91B), Vehicle Parts ($5.42B), Pesticides ($3.73B), Integrated Circuits ($3.66B), and Packaged Medicaments ($3.2B), importing mostly from China ($36.4B), United States ($29.3B), Germany ($9.71B), Argentina ($7.67B), and South Korea ($4.59B).

In 2020, Brazil was the world's biggest importer of Pesticides ($3.73B), Mixed Mineral or Chemical Fertilizers ($2.46B), Malt ($443M), Phosphatic Fertilizers ($372M), and Hydrazine or Hydroxylamine Derivatives ($203M)

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

March, 2022

Historical Data

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Yearly Exports

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Top Export (2020): Soybeans, $28.6B

Top Destination (2020): China, $67.9B

In 2020, Brazil exported a total of $214B, making it the number 25 exporter in the world. During the last five reported years the exports of Brazil have changed by $20.9B from $193B in 2015 to $214B in 2020.

The most recent exports are led by Soybeans ($28.6B), Iron Ore ($26.5B), Crude Petroleum ($19.8B), Raw Sugar ($8.95B), and Frozen Bovine Meat ($6.69B). The most common destination for the exports of Brazil are China ($67.9B), United States ($21.9B), Argentina ($8.57B), Netherlands ($6.7B), and Canada ($4.39B).

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Yearly Imports

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Top Import (2020): Refined Petroleum, $7.91B

Top Origin (2020): China, $36.4B

In 2020 Brazil imported $160B, making it the number 29 trade destination in the world. During the last five reported years the imports of Brazil changed by -$12.3B from $173B in 2015 to $160B in 2020.

The most recent imports of Brazil are led by Refined Petroleum ($7.91B), Vehicle Parts ($5.42B), Pesticides ($3.73B), Integrated Circuits ($3.66B), and Packaged Medicaments ($3.2B). The most common import partners for Brazil are China ($36.4B), United States ($29.3B), Germany ($9.71B), Argentina ($7.67B), and South Korea ($4.59B).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Tariffs by Product

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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.

*The tariffs applied to imports for Brazil are:
3: AAP.A14TM N掳 6 (Argentina Brasil Uruguay) Acuerdo de Alcance Parcial de Cooperaci贸n e Intercambio de Bienes utilizados en la Defensa y Protecci贸n del Medio Ambiente
4: AAP.A14TM N掳 7 Acuerdo de Alcance Parcial para la Conformaci贸n del Mercado Com煤n del Libro Latinoamericano Brasil Uruguay
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
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
392: AAP.CE N潞 72 Argentina Brasil Colombia Paraguay y Uruguay. Acuerdo Contempla entre sus objetivos la conformaci贸n de un 谩rea de libre comercio
393: AAP.CE N潞 69 ACUERDO DE ALCANCE PARCIAL DE COMPLEMENTACI脫N ECON脫MICA N掳 69 ENTRE LA REP脷BLICA FEDERATIVA DEL BRASIL Y LA REP脷BLICA BOLIVARIANA DE VENEZUELA

Economic Complexity

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Comparison Map

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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 Rio de Janeiro (0.16), S茫o Paulo (0.11), and Rio Grande do Sul (-0.094).

In 2020, the principal exporters of Brazil were S茫o Paulo ($42.4B), Minas Gerais ($26.2B), and Rio de Janeiro ($22.5B).

The same year,  the principal importers  of Brazil were S茫o Paulo ($51.4B), Rio de Janeiro ($24.8B), and Santa Catarina ($16B).

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Most Specialized Products by RCA Index

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Brazil has a high level of specialization in Soybeans (34.9), Raw Sugar (27.9), Frozen Bovine Meat (19.4), Soybean Meal (19), and Pig Iron (18.7). 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

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The highest complexity exports of Brazil according to the product complexity index (PCI) are Artificial filament tow (1.42), Carboxyimide-function and imine-function compounds (1.37), Tools for working in the hand, non-electric motor (1.37), Metal-rolling mills and rolls thereof (1.16), and Molybdenum and articles thereof, waste or scrap (1.1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Brazil according to the relatedness index, are Sorghum (0.24), Other Ores (0.24), Coal Briquettes (0.24), Wool (0.23), and Precious Metal Ore (0.23). 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 a country currently specializes in.

Relatedness Space

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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 鈥嬧媔ndicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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

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During the last 20 years Brazil's鈦 鈦╡conomy has become relatively less complex, moving from the 鈦┾仺23rd to the 47th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.

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