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2023
Flag → Flag
Exports $55.4MRnk 130 / 221
2023
Flag → Flag
Top Product $15.3MRaw Sugar
2023
Flag → Flag
Exports $190kRnk 84 / 133
2023
Flag → Flag
Top Product $81.9kNon-Knit Women's Coats
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Brazil-Armenia Trade: In 2023, Brazil exported $55.4M to Armenia. The main products that Brazil exported to Armenia were Raw Sugar ($15.3M), Pig Meat ($10M), and Poultry Meat ($6.62M). Over the past 5 years the exports of Brazil to Armenia have increased at an annualized rate of 1.31%, from $51.9M in 2018 to $55.4M in 2023.

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

Armenia-Brazil Trade: In 2023, Armenia exported $190k to Brazil. The main products that Armenia exported to Brazil were Non-Knit Women's Coats ($81.9k), Non-Knit Men's Coats ($76.5k), and Medical Instruments ($18.8k). Over the past 5 years the exports of Armenia to Brazil have decreased at an annualized rate of 1.97%,  from $246k in 2018 to $190k in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $12.4M and imported $7.75k from Armenia, resulting in a positive trade balance of $12.4M. Between December 2023 and December 2024 the exports of Brazil have increased by $11.9M (2.27k%) from $523k to $12.4M, while imports increased by $1.2k (18.4%) from $6.54k to $7.75k.

Trade In December 2024, the top exports of Brazil to Armenia were Sowing Seeds ($4.49k), Orthopedic Appliances ($828), Medical Instruments ($751), Raw Plastic Sheeting ($695), and Non-Knit Active Wear ($454). In December 2024 the top imports of Brazil from Armenia were Non-Knit Men's Coats ($3.78k), Non-Knit Women's Shirts ($802), and Halogenated Hydrocarbons ($60).

Origins In December 2024 the exports of Brazil were mainly from Rio Grande do Sul ($11.7M), Santa Catarina ($569k), Minas Gerais ($91.4k), São Paulo ($41.8k), and Rio de Janeiro ($28k), while imports destinations were mainly São Paulo ($7.75k).

Growth In December 2024, the increase in Brazil's year-by-year exports to Armenia was explained primarily by an increase in product exports in . In December 2024, the increase in Brazil's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$11.9M(2.27k%)
IMPORT GROWTH (December 2023 - December 2024)$1.2k(18.4%)
MAIN EXPORTER (December 2024)Rio Grande do Sul$11.7M

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 to explore the exports or imports behavior of Brazil over time.

To check Armenia and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $55.4M to Armenia. The main products exported from Brazil to Armenia were Raw Sugar ($15.3M), Pig Meat ($10M), and Poultry Meat ($6.62M). During the last 5 years the exports of Brazil to Armenia have increased at an annualized rate of 1.31%, from $51.9M in 2018 to $55.4M in 2023.

In 2018, Armenia exported $190k to Brazil. The main products exported from Armenia to Brazil were Non-Knit Women's Coats ($81.9k), Non-Knit Men's Coats ($76.5k), and Medical Instruments ($18.8k). During the last 5 years the exports of Armenia to Brazil have decreased at an annualized rate of 1.97%, from $246k in 2023 to $190k in 2018.

Exports from Brazil (Flag) to Armenia (Flag) (2023)

Exports from Armenia (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Brazil than Armenia included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Armenia than Brazil included Russia ($3.38B), Georgia ($340M), and Botswana ($114M).

Difference in imports from Armenia (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Armenia

Flow
Scale

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

During 2023, Brazil had a large net trade with Armenia in the exports of Foodstuffs ($28.9M), Animal Products ($18.7M), and Machines ($3.24M).

During 2018, Armenia had a large net trade with Brazil in the exports of Textiles ($159k), Instruments ($18.8k), and Foodstuffs ($4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Armenia+$1.99MPoultry Meat
Top Product Potential Armenia Brazil+$276kNon-Knit Women's Coats

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

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

Product Space of Brazil (Flag) and Armenia (Flag) (2023)

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