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2023
Flag → Flag
Exports $1.34BRnk 43 / 221
2023
Flag → Flag
Top Product $613MSoybeans
2023
Flag → Flag
Exports $11.1BRnk 5 / 137
2023
Flag → Flag
Top Product $5.82BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 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
Flag
 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Brazil-Russia Trade: In 2023, Brazil exported $1.34B to Russia. The main products that Brazil exported to Russia were Soybeans ($613M), Frozen Bovine Meat ($187M), and Coffee ($131M). Over the past 5 years the exports of Brazil to Russia have decreased at an annualized rate of 7.84%, from $2.02B in 2018 to $1.34B in 2023.

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

Russia-Brazil Trade: In 2023, Russia exported $11.1B to Brazil. The main products that Russia exported to Brazil were Refined Petroleum ($5.82B), Mixed Mineral or Chemical Fertilizers ($1.72B), and Potassic Fertilizers ($1.62B). Over the past 5 years the exports of Russia to Brazil have increased at an annualized rate of 26.3%,  from $3.47B in 2018 to $11.1B in 2023.

In 2020, Russia exported services to Brazil worth $10.9M, with Other business services ($4.81M), Transportation ($2.41M), and Construction services ($1.98M) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $101M and imported $695M from Russia, resulting in a negative trade balance of $593M. Between December 2023 and December 2024 the exports of Brazil have increased by $38.2M (60.5%) from $63.1M to $101M, while imports decreased by $-826M (-54.3%) from $1.52B to $695M.

Trade In December 2024, the top exports of Brazil to Russia were Poultry Meat ($14.1M), Frozen Bovine Meat ($12.2M), Ground Nuts ($11.1M), Coffee ($10.7M), and Liquid Dispersing Machines ($4.15M). In December 2024 the top imports of Brazil from Russia were Refined Petroleum ($502M), Mixed Mineral or Chemical Fertilizers ($107M), Potassic Fertilizers ($68.7M), Nitrogenous Fertilizers ($25.5M), and Coal Briquettes ($18.5M).

Origins In December 2024 the exports of Brazil were mainly from Minas Gerais ($25.8M), São Paulo ($14.8M), Rio Grande do Sul ($10.6M), Paraná ($10.2M), and Espírito Santo ($9.74M), while imports destinations were mainly Paraná ($158M), São Paulo ($80.2M), Rio de Janeiro ($61.3M), Maranhão ($58M), and Pará ($57.7M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Russia was explained primarily by an increase in product exports in Poultry Meat ($7.07M or 101%), Ground Nuts ($669k or 6.4%), and Gas and Liquid Flow Measuring Instruments ($604k or 10.6k%). In December 2024, the decrease in Brazil's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Mixed Mineral or Chemical Fertilizers ($-71.7M or -40.1%), Nitrogenous Fertilizers ($-42.6M or -62.6%), and Potassic Fertilizers ($-24.5M or -26.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$38.2M(60.5%)
IMPORT GROWTH (December 2023 - December 2024)$-826M(-54.3%)
MAIN EXPORTER (December 2024)Minas Gerais$25.8M

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 Russia and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $1.34B to Russia. The main products exported from Brazil to Russia were Soybeans ($613M), Frozen Bovine Meat ($187M), and Coffee ($131M). During the last 5 years the exports of Brazil to Russia have decreased at an annualized rate of 7.84%, from $2.02B in 2018 to $1.34B in 2023.

In 2018, Russia exported $11.1B to Brazil. The main products exported from Russia to Brazil were Refined Petroleum ($5.82B), Mixed Mineral or Chemical Fertilizers ($1.72B), and Potassic Fertilizers ($1.62B). During the last 5 years the exports of Russia to Brazil have increased at an annualized rate of 26.3%, from $3.47B in 2023 to $11.1B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Brazil than Russia included United States ($37B), Argentina ($17.2B), and Chile ($8.68B).

In 2023, countries that imported more from Russia than Brazil included India ($66.1B), Turkey ($31B), and China ($129B).

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

Comparative Advantage Brazil - Russia

Flow
Scale

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

During 2023, Brazil had a large net trade with Russia in the exports of Vegetable Products ($870M), Animal Products ($314M), and Foodstuffs ($54M).

During 2018, Russia had a large net trade with Brazil in the exports of Mineral Products ($6.35B), Chemical Products ($4.08B), and Vegetable Products ($278M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Russia+$64.3MFrozen Bovine Meat
Top Product Potential Russia Brazil+$595MRefined Petroleum

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, Russia exported services to Brazil worth $10.9M, with Other business services ($4.81M), Transportation ($2.41M), and Construction services ($1.98M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Brazil.

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

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