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2023
Flag → Flag
Exports $3.81BRnk 22 / 221
2023
Flag → Flag
Top Product $900MSoybeans
2023
Flag → Flag
Exports $1.19BRnk 45 / 216
2023
Flag → Flag
Top Product $144MCarbonates
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Brazil-Turkey Trade: In 2023, Brazil exported $3.81B to Turkey. The main products that Brazil exported to Turkey were Soybeans ($900M), Iron Ore ($526M), and Bovine ($387M). Over the past 5 years the exports of Brazil to Turkey have increased at an annualized rate of 5.55%, from $2.91B in 2018 to $3.81B in 2023.

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

Turkey-Brazil Trade: In 2023, Turkey exported $1.19B to Brazil. The main products that Turkey exported to Brazil were Carbonates ($144M), Gas Turbines ($110M), and Motor vehicles; parts and accessories (8701 to 8705) ($62.1M). Over the past 5 years the exports of Turkey to Brazil have increased at an annualized rate of 12.4%,  from $661M in 2018 to $1.19B in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $319M and imported $104M from Turkey, resulting in a positive trade balance of $215M. Between December 2023 and December 2024 the exports of Brazil have increased by $55.9M (21.3%) from $263M to $319M, while imports increased by $15.7M (17.8%) from $88.5M to $104M.

Trade In December 2024, the top exports of Brazil to Turkey were Iron Ore ($29.1M), Soybeans ($28.9M), Coffee ($23.8M), Raw Cotton ($18.3M), and Corn ($14.3M). In December 2024 the top imports of Brazil from Turkey were Carbonates ($9.28M), Other Nuts ($7.27M), Motor vehicles; parts and accessories (8701... ($6.53M), Gas Turbines ($5.61M), and Transmissions ($4.34M).

Origins In December 2024 the exports of Brazil were mainly from Espírito Santo ($63.8M), Paraná ($46.5M), Mato Grosso ($40.9M), Pará ($30.5M), and Rio Grande do Sul ($30M), while imports destinations were mainly São Paulo ($27.8M), Rio de Janeiro ($20.5M), Santa Catarina ($12.2M), Minas Gerais ($9.36M), and Paraná ($8.3M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Turkey was explained primarily by an increase in product exports in Soybeans ($22.6M or 360%), Corn ($14.3M or 84.1M%), and Frozen Bovine Meat ($8.64M or 647%). In December 2024, the increase in Brazil's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Cement ($2.02M or 279%), Other Nuts ($1.85M or 34.3%), and Packaged Medicaments ($1.45M or 94.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$55.9M(21.3%)
IMPORT GROWTH (December 2023 - December 2024)$15.7M(17.8%)
MAIN EXPORTER (December 2024)Espírito Santo$63.8M

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 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 2023, Brazil exported $3.81B to Turkey. The main products exported from Brazil to Turkey were Soybeans ($900M), Iron Ore ($526M), and Bovine ($387M). During the last 5 years the exports of Brazil to Turkey have increased at an annualized rate of 5.55%, from $2.91B in 2018 to $3.81B in 2023.

In 2018, Turkey exported $1.19B to Brazil. The main products exported from Turkey to Brazil were Carbonates ($144M), Gas Turbines ($110M), and Motor vehicles; parts and accessories (8701 to 8705) ($62.1M). During the last 5 years the exports of Turkey to Brazil have increased at an annualized rate of 12.4%, from $661M in 2023 to $1.19B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Turkey
Top DestinationGermany$24.7B

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 2023, countries that imported more from Brazil than Turkey included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Turkey than Brazil included Germany ($24.7B), Iraq ($12.8B), and United Arab Emirates ($14.7B).

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

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 2023, Brazil had a large net trade with Turkey in the exports of Vegetable Products ($1.26B), Mineral Products ($563M), and Animal Products ($486M).

During 2018, Turkey had a large net trade with Brazil in the exports of Machines ($278M), Chemical Products ($239M), and Textiles ($123M).

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) (2023)

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