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2022
Flag → Flag
Exports $3.67BRnk 22 / 223
2022
Flag → Flag
Top Product $1.11BSoybeans
2022
Flag → Flag
Exports $1.15BRnk 46 / 219
2022
Flag → Flag
Top Product $213MCarbonates
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Brazil-Turkey Trade: In 2022, Brazil exported $3.67B to Turkey. The main products that Brazil exported to Turkey were Soybeans ($1.11B), Raw Cotton ($472M), and Iron Ore ($363M). Over the past 5 years the exports of Brazil to Turkey have increased at an annualized rate of 13.2%, from $1.97B in 2017 to $3.67B in 2022.

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

Turkey-Brazil Trade: In 2022, Turkey exported $1.15B to Brazil. The main products that Turkey exported to Brazil were Carbonates ($213M), Motor vehicles; parts and accessories (8701 to 8705) ($73.9M), and Raw Iron Bars ($43.9M). Over the past 5 years the exports of Turkey to Brazil have increased at an annualized rate of 18.9%,  from $481M in 2017 to $1.15B in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

July, 2024

About

Overview In July 2024, Brazil exported $412M and imported $107M from Turkey, resulting in a positive trade balance of $305M. Between July 2023 and July 2024 the exports of Brazil have increased by $157M (61.6%) from $255M to $412M, while imports increased by $23.6M (28.3%) from $83.7M to $107M.

Trade In July 2024, the top exports of Brazil to Turkey were Raw Cotton ($28.1M), Iron Ore ($23.8M), Coffee ($17.6M), Sulfate Chemical Woodpulp ($11M), and Soybeans ($6.28M). In July 2024 the top imports of Brazil from Turkey were Carbonates ($28.1M), Gas Turbines ($10.6M), Motor vehicles; parts and accessories (8701... ($6.04M), Other Nuts ($5.41M), and Transmissions ($4.47M).

Origins In July 2024 the exports of Brazil were mainly from Mato Grosso ($72.6M), Pará ($49.8M), Minas Gerais ($27.3M), São Paulo ($24M), and Bahia ($17M), while imports destinations were mainly São Paulo ($36.8M), Rio de Janeiro ($18.5M), Santa Catarina ($13.6M), Paraná ($12.5M), and Rio Grande do Sul ($5.2M).

Growth In July 2024, the increase in Brazil's year-by-year exports to Turkey was explained primarily by an increase in product exports in Other Oily Seeds ($2.26M or 369%), Coffee and Tea Extracts ($924k or 101%), and Refined Petroleum ($921k or 49.9%). In July 2024, the increase in Brazil's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Carbonates ($19.1M or 213%), Other Nuts ($3.48M or 180%), and Gas Turbines ($3.17M or 42.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$157M(61.6%)
IMPORT GROWTH (July 2023 - July 2024)$23.6M(28.3%)
MAIN EXPORTER (July 2024)Mato Grosso$72.6M

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 Turkey and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $3.67B to Turkey. The main products exported from Brazil to Turkey were Soybeans ($1.11B), Raw Cotton ($472M), and Iron Ore ($363M). During the last 5 years the exports of Brazil to Turkey have increased at an annualized rate of 13.2%, from $1.97B in 2017 to $3.67B in 2022.

In 2017, Turkey exported $1.15B to Brazil. The main products exported from Turkey to Brazil were Carbonates ($213M), Motor vehicles; parts and accessories (8701 to 8705) ($73.9M), and Raw Iron Bars ($43.9M). During the last 5 years the exports of Turkey to Brazil have increased at an annualized rate of 18.9%, from $481M in 2022 to $1.15B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Brazil than Turkey included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Turkey than Brazil included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

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

Comparative Advantage Brazil - Turkey

Flow
Scale

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

During 2022, Brazil had a large net trade with Turkey in the exports of Vegetable Products ($1.43B), Textiles ($473M), and Mineral Products ($434M).

During 2017, Turkey had a large net trade with Brazil in the exports of N/A.

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Turkey+$103MGold
Top Product Potential Turkey Brazil+$68.5MMotor 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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Economic Complexity

Competitive Landscape

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

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

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