Brazil / South Korea | The Observatory of Economic Complexity

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Brazil-South Korea Trade: In 2023, Brazil exported $5.64B to South Korea. The main products that Brazil exported to South Korea were Crude Petroleum ($1.07B), Corn ($866M), and Iron Ore ($707M). Over the past 5 years the exports of Brazil to South Korea have increased at an annualized rate of 8.31%, from $3.78B in 2018 to $5.64B in 2023.

In 2023, Brazil did not export any services to South Korea.

South Korea-Brazil In N/A, South Korea did not export any products to Brazil.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Brazil exported $5.64B to South Korea. The main products exported from Brazil to South Korea were Crude Petroleum ($1.07B), Corn ($866M), and Iron Ore ($707M). During the last 5 years the exports of Brazil to South Korea have increased at an annualized rate of 8.31%, from $3.78B in 2018 to $5.64B in 2023.

South Korea does not register exports to Brazil.

Exports from Brazil () to South Korea () (2023)

Exports from South Korea () to Brazil () (2023)

Comparative Advantage Brazil - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Brazil had a large net trade with South Korea in the exports of Mineral Products ($1.82B), Vegetable Products ($1.39B), and Foodstuffs ($1.27B).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Brazil () to South Korea () (2023)

Exports from South Korea () to Brazil () (2023)

Comparative Advantage Brazil - South Korea

Economic Complexity

Competitive Landscape

Product Space of Brazil () and South Korea () (2023)

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