2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Brazil-Israel Trade: In 2023, Brazil exported $714M to Israel. The main products that Brazil exported to Israel were Crude Petroleum ($139M), Frozen Bovine Meat ($128M), and Soybeans ($107M). Over the past 5 years the exports of Brazil to Israel have increased at an annualized rate of 13.1%, from $386M in 2018 to $714M in 2023.

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

Israel-Brazil Trade: In 2023, Israel exported $1.45B to Brazil. The main products that Israel exported to Brazil were Potassic Fertilizers ($461M), Phosphatic Fertilizers ($174M), and Pesticides ($144M). Over the past 5 years the exports of Israel to Brazil have increased at an annualized rate of 3.34%,  from $1.23B in 2018 to $1.45B in 2023.

In 2012, Israel exported services to Brazil worth $23.8M, with Computer and information services ($23.8M) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $714M to Israel. The main products exported from Brazil to Israel were Crude Petroleum ($139M), Frozen Bovine Meat ($128M), and Soybeans ($107M). During the last 5 years the exports of Brazil to Israel have increased at an annualized rate of 13.1%, from $386M in 2018 to $714M in 2023.

In 2018, Israel exported $1.45B to Brazil. The main products exported from Israel to Brazil were Potassic Fertilizers ($461M), Phosphatic Fertilizers ($174M), and Pesticides ($144M). During the last 5 years the exports of Israel to Brazil have increased at an annualized rate of 3.34%, from $1.23B in 2023 to $1.45B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Israel
Top Destination
United States$20.3B

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

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

In 2023, countries that imported more from Israel than Brazil included Ireland ($4.22B), Hong Kong ($2.46B), and Cyprus ($671M).

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

Comparative Advantage Brazil - Israel

Flow
Scale

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

During 2023, Brazil had a large net trade with Israel in the exports of Vegetable Products ($178M), Animal Products ($144M), and Mineral Products ($139M).

During 2018, Israel had a large net trade with Brazil in the exports of Chemical Products ($927M), Machines ($136M), and Plastics and Rubbers ($105M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Israel+$33.3MSoybeans
Top Product Potential Israel Brazil+$18.2MMixed Mineral or Chemical Fertilizers

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 Israel. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Brazil.

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

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