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Pricing

2022
Flag → Flag
Exports $4.93BRnk 15 / 223
2022
Flag → Flag
Top Product $847MSulfate Chemical Woodpulp
2022
Flag → Flag
Exports $5.4BRnk 28 / 221
2022
Flag → Flag
Top Product $437MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Brazil-Italy Trade: In 2022, Brazil exported $4.93B to Italy. The main products that Brazil exported to Italy were Sulfate Chemical Woodpulp ($847M), Coffee ($818M), and Iron Ore ($340M). Over the past 5 years the exports of Brazil to Italy have increased at an annualized rate of 5.75%, from $3.73B in 2017 to $4.93B in 2022.

In 2022, Brazil did not export any services to Italy.

Italy-Brazil Trade: In 2022, Italy exported $5.4B to Brazil. The main products that Italy exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($437M), Transmissions ($160M), and Combustion Engines ($141M). Over the past 5 years the exports of Italy to Brazil have increased at an annualized rate of 4.71%,  from $4.29B in 2017 to $5.4B in 2022.

In 2020, Italy exported services to Brazil worth $671M, with Travel ($253M), Other business services ($150M), and Royalties and license fees ($105M) being the largest in terms of value.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $315M and imported $508M from Italy, resulting in a negative trade balance of $193M. Between October 2023 and October 2024 the exports of Brazil have decreased by $-3.47M (-1.09%) from $318M to $315M, while imports increased by $42.2M (9.07%) from $466M to $508M.

Trade In October 2024, the top exports of Brazil to Italy were Sulfate Chemical Woodpulp ($86.2M), Coffee ($37.3M), Soybean Meal ($35.1M), Corn ($30.2M), and Iron Ore ($22.5M). In October 2024 the top imports of Brazil from Italy were Packaged Medicaments ($53.4M), Motor vehicles; parts and accessories (8701... ($35M), Transmissions ($16.3M), Machinery Having Individual Functions ($13.6M), and Vaccines, blood, antisera, toxins and cultures ($11.1M).

Origins In October 2024 the exports of Brazil were mainly from Minas Gerais ($70.7M), São Paulo ($52.7M), Pará ($31.4M), Espírito Santo ($27.6M), and Bahia ($24.8M), while imports destinations were mainly São Paulo ($204M), Minas Gerais ($67.9M), Santa Catarina ($46M), Rio de Janeiro ($38M), and Rio Grande do Sul ($31.2M).

Growth In October 2024, the decrease in Brazil's year-by-year exports to Italy was explained primarily by an decrease in product exports in Iron Ore ($-12.4M or -35.7%), Gold ($-9.11M or -67.9%), and Other Prepared Meat ($-3.91M or -97.1%). In October 2024, the increase in Brazil's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Packaged Medicaments ($34.1M or 176%), Machinery Having Individual Functions ($9.46M or 226%), and Apples and Pears ($8.7M or 1.76k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-3.47M(-1.09%)
IMPORT GROWTH (October 2023 - October 2024)$42.2M(9.07%)
MAIN EXPORTER (October 2024)Minas Gerais$70.7M

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 Italy and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $4.93B to Italy. The main products exported from Brazil to Italy were Sulfate Chemical Woodpulp ($847M), Coffee ($818M), and Iron Ore ($340M). During the last 5 years the exports of Brazil to Italy have increased at an annualized rate of 5.75%, from $3.73B in 2017 to $4.93B in 2022.

In 2017, Italy exported $5.4B to Brazil. The main products exported from Italy to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($437M), Transmissions ($160M), and Combustion Engines ($141M). During the last 5 years the exports of Italy to Brazil have increased at an annualized rate of 4.71%, from $4.29B in 2022 to $5.4B in 2017.

Exports from Brazil (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Brazil than Italy included China ($90.1B), Argentina ($15.4B), and Chile ($9.17B).

In 2022, countries that imported more from Italy than Brazil included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

Difference in imports from Italy (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Italy

Flow
Scale

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

During 2022, Brazil had a large net trade with Italy in the exports of Vegetable Products ($1.41B), Paper Goods ($907M), and Mineral Products ($748M).

During 2017, Italy had a large net trade with Brazil in the exports of Machines ($2.12B), Chemical Products ($813M), and Transportation ($668M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Italy+$363MCrude Petroleum
Top Product Potential Italy Brazil+$145MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, Italy exported services to Brazil worth $671M, with Travel ($253M), Other business services ($150M), and Royalties and license fees ($105M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Brazil (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Italy (Flag) (2022)

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