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2023
Flag → Flag
Exports $3.72BRnk 23 / 221
2023
Flag → Flag
Top Product $1.13BCorn
2023
Flag → Flag
Exports $3.15BRnk 25 / 142
2023
Flag → Flag
Top Product $718MTelephones
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 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$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Brazil-Vietnam Trade: In 2023, Brazil exported $3.72B to Vietnam. The main products that Brazil exported to Vietnam were Corn ($1.13B), Soybean Meal ($727M), and Soybeans ($514M). Over the past 5 years the exports of Brazil to Vietnam have increased at an annualized rate of 12.4%, from $2.08B in 2018 to $3.72B in 2023.

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

Vietnam-Brazil Trade: In 2023, Vietnam exported $3.15B to Brazil. The main products that Vietnam exported to Brazil were Telephones ($718M), Integrated Circuits ($559M), and Rubber Tires ($282M). Over the past 5 years the exports of Vietnam to Brazil have increased at an annualized rate of 5.39%,  from $2.42B in 2018 to $3.15B in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $404M and imported $256M from Vietnam, resulting in a positive trade balance of $148M. Between December 2023 and December 2024 the exports of Brazil have increased by $1.08M (0.27%) from $403M to $404M, while imports increased by $8.48M (3.42%) from $248M to $256M.

Trade In December 2024, the top exports of Brazil to Vietnam were Wheat ($106M), Corn ($97.2M), Soybeans ($97.1M), Raw Cotton ($59.1M), and Soybean Meal ($47.1M). In December 2024 the top imports of Brazil from Vietnam were Telephones ($87.9M), Integrated Circuits ($59.3M), Rubber Tires ($29.8M), Fish Fillets ($16.6M), and Office Machine Parts ($16.5M).

Origins In December 2024 the exports of Brazil were mainly from Mato Grosso ($163M), Rio Grande do Sul ($90.8M), Goiás ($60.5M), São Paulo ($23.2M), and Bahia ($17M), while imports destinations were mainly São Paulo ($80.3M), Amazonas ($76.9M), Santa Catarina ($47.1M), Minas Gerais ($19.4M), and Espírito Santo ($6.91M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Wheat ($79.5M or 299%), Soybeans ($58.6M or 152%), and Soybean Meal ($24.9M or 112%). In December 2024, the increase in Brazil's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Integrated Circuits ($30.5M or 106%), Office Machine Parts ($10M or 155%), and Fish Fillets ($8.59M or 108%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.08M(0.27%)
IMPORT GROWTH (December 2023 - December 2024)$8.48M(3.42%)
MAIN EXPORTER (December 2024)Mato Grosso$163M

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 Vietnam and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $3.72B to Vietnam. The main products exported from Brazil to Vietnam were Corn ($1.13B), Soybean Meal ($727M), and Soybeans ($514M). During the last 5 years the exports of Brazil to Vietnam have increased at an annualized rate of 12.4%, from $2.08B in 2018 to $3.72B in 2023.

In 2018, Vietnam exported $3.15B to Brazil. The main products exported from Vietnam to Brazil were Telephones ($718M), Integrated Circuits ($559M), and Rubber Tires ($282M). During the last 5 years the exports of Vietnam to Brazil have increased at an annualized rate of 5.39%, from $2.42B in 2023 to $3.15B in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than Brazil included United States ($118B), Japan ($25.1B), and Hong Kong ($17.1B).

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

Comparative Advantage Brazil - Vietnam

Flow
Scale

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

During 2023, Brazil had a large net trade with Vietnam in the exports of Vegetable Products ($1.82B), Foodstuffs ($966M), and Textiles ($388M).

During 2018, Vietnam had a large net trade with Brazil in the exports of Machines ($1.9B), Plastics and Rubbers ($374M), and Footwear and Headwear ($227M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Vietnam+$56.4MSoybeans
Top Product Potential Vietnam Brazil+$265MTelephones

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 Vietnam. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Brazil.

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

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