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2023
Flag → Flag
Exports $4.85BRnk 14 / 221
2023
Flag → Flag
Top Product $812MSulfate Chemical Woodpulp
2023
Flag → Flag
Exports $5.81BRnk 24 / 219
2023
Flag → Flag
Top Product $405MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
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GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
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 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Brazil-Italy Trade: In 2023, Brazil exported $4.85B to Italy. The main products that Brazil exported to Italy were Sulfate Chemical Woodpulp ($812M), Coffee ($784M), and Soybeans ($632M). Over the past 5 years the exports of Brazil to Italy have increased at an annualized rate of 4.59%, from $3.88B in 2018 to $4.85B in 2023.

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

Italy-Brazil Trade: In 2023, Italy exported $5.81B to Brazil. The main products that Italy exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($405M), Vaccines, blood, antisera, toxins and cultures ($240M), and Transmissions ($173M). Over the past 5 years the exports of Italy to Brazil have increased at an annualized rate of 3.65%,  from $4.85B in 2018 to $5.81B in 2023.

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 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $241M and imported $454M from Italy, resulting in a negative trade balance of $213M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-98M (-28.9%) from $339M to $241M, while imports decreased by $-7.12M (-1.55%) from $461M to $454M.

Trade In December 2024, the top exports of Brazil to Italy were Sulfate Chemical Woodpulp ($63.7M), Coffee ($44.3M), Soybeans ($17.6M), Tanned Equine and Bovine Hides ($7.22M), and Engine Parts ($6.83M). In December 2024 the top imports of Brazil from Italy were Packaged Medicaments ($27.4M), Motor vehicles; parts and accessories (8701... ($26.1M), Vaccines, blood, antisera, toxins and cultures ($24.8M), Industrial Furnaces ($23.6M), and Machinery Having Individual Functions ($15.4M).

Origins In December 2024 the exports of Brazil were mainly from Minas Gerais ($64.6M), São Paulo ($39M), Mato Grosso do Sul ($31M), Espírito Santo ($25.5M), and Maranhão ($18.1M), while imports destinations were mainly São Paulo ($160M), Minas Gerais ($79.4M), Santa Catarina ($54.7M), Rio de Janeiro ($37.9M), and Pernambuco ($32M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Italy was explained primarily by an decrease in product exports in Soybean Meal ($-32.6M or -93%), Sulfate Chemical Woodpulp ($-22.5M or -26.1%), and Iron Ore ($-21.6M or -96.2%). In December 2024, the decrease in Brazil's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Packaged Medicaments ($-26.1M or -48.8%), Motor vehicles; parts and accessories (8701... ($-8.91M or -25.4%), and Nitrogen Heterocyclic Compounds ($-6.73M or -96.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-98M(-28.9%)
IMPORT GROWTH (December 2023 - December 2024)$-7.12M(-1.55%)
MAIN EXPORTER (December 2024)Minas Gerais$64.6M

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 2023, Brazil exported $4.85B to Italy. The main products exported from Brazil to Italy were Sulfate Chemical Woodpulp ($812M), Coffee ($784M), and Soybeans ($632M). During the last 5 years the exports of Brazil to Italy have increased at an annualized rate of 4.59%, from $3.88B in 2018 to $4.85B in 2023.

In 2018, Italy exported $5.81B to Brazil. The main products exported from Italy to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($405M), Vaccines, blood, antisera, toxins and cultures ($240M), and Transmissions ($173M). During the last 5 years the exports of Italy to Brazil have increased at an annualized rate of 3.65%, from $4.85B in 2023 to $5.81B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Italy
Top DestinationGermany$71.4B

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 2023, countries that imported more from Brazil than Italy included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

In 2023, countries that imported more from Italy than Brazil included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

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

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 2023, Brazil had a large net trade with Italy in the exports of Vegetable Products ($1.53B), Paper Goods ($861M), and Mineral Products ($722M).

During 2018, Italy had a large net trade with Brazil in the exports of Machines ($2.28B), Chemical Products ($980M), and Transportation ($634M).

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) (2023)

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