2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH
-27.7%CURRENT US$
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About

Spain-Brazil Trade: In 2022, Spain exported $3.8B to Brazil. The main products that Spain exported to Brazil were Refined Petroleum ($475M), Potassic Fertilizers ($163M), and Transmissions ($148M). Over the past 5 years the exports of Spain to Brazil have increased at an annualized rate of 5.15%, from $2.95B in 2017 to $3.8B in 2022.

In 2018, Spain exported services to Brazil worth $0, with being the largest in terms of value.

Brazil-Spain Trade: In 2022, Brazil exported $9.78B to Spain. The main products that Brazil exported to Spain were Crude Petroleum ($3.57B), Soybeans ($1.89B), and Corn ($1.36B). Over the past 5 years the exports of Brazil to Spain have increased at an annualized rate of 13.7%,  from $3.97B in 2017 to $9.78B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $3.8B to Brazil. The main products exported from Spain to Brazil were Refined Petroleum ($475M), Potassic Fertilizers ($163M), and Transmissions ($148M). During the last 5 years the exports of Spain to Brazil have increased at an annualized rate of 5.15%, from $2.95B in 2017 to $3.8B in 2022.

In 2017, Brazil exported $9.78B to Spain. The main products exported from Brazil to Spain were Crude Petroleum ($3.57B), Soybeans ($1.89B), and Corn ($1.36B). During the last 5 years the exports of Brazil to Spain have increased at an annualized rate of 13.7%, from $3.97B in 2022 to $9.78B in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Brazil
Top Destination
China$90.1B

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

In 2022, countries that imported more from Spain than Brazil included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Brazil

Flow
Scale

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

During 2022, Spain had a large net trade with Brazil in the exports of Chemical Products ($1.24B), Machines ($687M), and Mineral Products ($657M).

During 2017, Brazil had a large net trade with Spain in the exports of Mineral Products ($4.3B), Vegetable Products ($3.63B), and Foodstuffs ($671M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Brazil+$209MRefined Petroleum
Top Product Potential Brazil Spain+$210MRefined 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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Economic Complexity

Competitive Landscape

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

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

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