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2022
Flag → Flag
Exports $3.97BRnk 18 / 223
2022
Flag → Flag
Top Product $809MSoybean Meal
2022
Flag → Flag
Exports $2.63BRnk 27 / 152
2022
Flag → Flag
Top Product $631MTelephones
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 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$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Brazil-Vietnam Trade: In 2022, Brazil exported $3.97B to Vietnam. The main products that Brazil exported to Vietnam were Soybean Meal ($809M), Soybeans ($606M), and Raw Cotton ($549M). Over the past 5 years the exports of Brazil to Vietnam have increased at an annualized rate of 15.7%, from $1.91B in 2017 to $3.97B in 2022.

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

Vietnam-Brazil Trade: In 2022, Vietnam exported $2.63B to Brazil. The main products that Vietnam exported to Brazil were Telephones ($631M), Integrated Circuits ($443M), and Rubber Tires ($193M). Over the past 5 years the exports of Vietnam to Brazil have increased at an annualized rate of 1.76%,  from $2.41B in 2017 to $2.63B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

July, 2024

About

Overview In July 2024, Brazil exported $333M and imported $284M from Vietnam, resulting in a positive trade balance of $49.3M. Between July 2023 and July 2024 the exports of Brazil have increased by $47.5M (16.6%) from $286M to $333M, while imports increased by $28.6M (11.2%) from $255M to $284M.

Trade In July 2024, the top exports of Brazil to Vietnam were Corn ($179M), Raw Cotton ($46.3M), Soybeans ($38.5M), Wheat ($26.6M), and Soybean Meal ($22.2M). In July 2024 the top imports of Brazil from Vietnam were Telephones ($80.8M), Integrated Circuits ($28.7M), Rubber Tires ($22.1M), Textile Footwear ($16.6M), and Fish Fillets ($7.98M).

Origins In July 2024 the exports of Brazil were mainly from Mato Grosso ($107M), Rio Grande do Sul ($50.4M), São Paulo ($29.4M), Goiás ($27.5M), and Minas Gerais ($24.1M), while imports destinations were mainly Amazonas ($96M), São Paulo ($88.4M), Santa Catarina ($40.4M), Minas Gerais ($27.1M), and Espírito Santo ($7.42M).

Growth In July 2024, the increase in Brazil's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Corn ($148M or 466%), Wheat ($18.1M or 212%), and Animal Meal and Pellets ($4.8M or 402%). In July 2024, the increase in Brazil's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Rubber Tires ($12.1M or 121%), Textile Footwear ($9.83M or 145%), and Leather Footwear ($4.26M or 305%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$47.5M(16.6%)
IMPORT GROWTH (July 2023 - July 2024)$28.6M(11.2%)
MAIN EXPORTER (July 2024)Mato Grosso$107M

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 2022, Brazil exported $3.97B to Vietnam. The main products exported from Brazil to Vietnam were Soybean Meal ($809M), Soybeans ($606M), and Raw Cotton ($549M). During the last 5 years the exports of Brazil to Vietnam have increased at an annualized rate of 15.7%, from $1.91B in 2017 to $3.97B in 2022.

In 2017, Vietnam exported $2.63B to Brazil. The main products exported from Vietnam to Brazil were Telephones ($631M), Integrated Circuits ($443M), and Rubber Tires ($193M). During the last 5 years the exports of Vietnam to Brazil have increased at an annualized rate of 1.76%, from $2.41B in 2022 to $2.63B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Vietnam
Top DestinationUnited States$117B

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 2022, countries that imported more from Brazil than Vietnam included China ($90.1B), Argentina ($15.4B), and Chile ($9.17B).

In 2022, countries that imported more from Vietnam than Brazil included United States ($117B), South Korea ($25.2B), and Japan ($25B).

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

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 2022, Brazil had a large net trade with Vietnam in the exports of Vegetable Products ($1.31B), Foodstuffs ($1.01B), and Textiles ($555M).

During 2017, Vietnam had a large net trade with Brazil in the exports of Machines ($1.6B), Plastics and Rubbers ($299M), and Footwear and Headwear ($182M).

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) (2022)

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