NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $4.22BRnk 16 / 220
2023
Flag → Flag
Top Product $985MRefined Petroleum
2023
Flag → Flag
Exports $7.93BRnk 8 / 221
2023
Flag → Flag
Top Product $3.42BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Spain-Brazil Trade: In 2023, Spain exported $4.22B to Brazil. The main products that Spain exported to Brazil were Refined Petroleum ($985M), Packaged Medicaments ($238M), and Iron Pipes ($115M). Over the past 5 years the exports of Spain to Brazil have increased at an annualized rate of 5.97%, from $3.15B in 2018 to $4.22B in 2023.

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

Brazil-Spain Trade: In 2023, Brazil exported $7.93B to Spain. The main products that Brazil exported to Spain were Crude Petroleum ($3.42B), Soybeans ($1.05B), and Corn ($575M). Over the past 5 years the exports of Brazil to Spain have increased at an annualized rate of 9.02%,  from $5.15B in 2018 to $7.93B in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €208M and imported €686M from Brazil, resulting in a negative trade balance of €479M. Between November 2023 and November 2024 the exports of Spain have increased by €11.7M (5.97%) from €196M to €208M, while imports increased by €74.2M (12.1%) from €612M to €686M.

Trade In November 2024, the top exports of Spain to Brazil were Refined Petroleum (€70.2M), Commodities not elsewhere specified (€16.4M), Packaged Medicaments (€16M), Gas Turbines (€15.2M), and Transmissions (€11.8M). In November 2024 the top imports of Spain from Brazil were Corn (€151M), Crude Petroleum (€123M), Soybean Meal (€53.6M), Coffee (€20.3M), and Copper Ore (€19.8M).

Origins In November 2024 the exports of Spain were mainly from Madrid (€58.2M), Barcelona (€48.9M), Guipúzcoa (€8.25M), Castellón (€7.99M), and Sevilla (€7.77M), while imports destinations were mainly Murcia (€155M), Tarragona (€151M), Cádiz (€107M), Huelva (€85.1M), and Barcelona (€36.3M).

Growth In November 2024, the increase in Spain's year-by-year exports to Brazil was explained primarily by an increase in product exports in Refined Petroleum (€62.9M or 852%), Gas Turbines (€15M or 6.19k%), and Packaged Medicaments (€12.2M or 313%). In November 2024, the increase in Spain's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Corn (€118M or 360%), Ferroalloys (€10.1M or 154%), and Sulfate Chemical Woodpulp (€3.72M or 43.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€11.7M(5.97%)
IMPORT GROWTH (November 2023 - November 2024)€74.2M(12.1%)
MAIN EXPORTER (November 2024)Madrid€58.2M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Brazil and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $4.22B to Brazil. The main products exported from Spain to Brazil were Refined Petroleum ($985M), Packaged Medicaments ($238M), and Iron Pipes ($115M). During the last 5 years the exports of Spain to Brazil have increased at an annualized rate of 5.97%, from $3.15B in 2018 to $4.22B in 2023.

In 2018, Brazil exported $7.93B to Spain. The main products exported from Brazil to Spain were Crude Petroleum ($3.42B), Soybeans ($1.05B), and Corn ($575M). During the last 5 years the exports of Brazil to Spain have increased at an annualized rate of 9.02%, from $5.15B in 2023 to $7.93B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Brazil
Top DestinationChina$106B

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 2023, countries that imported more from Spain than Brazil included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

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

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

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 2023, Spain had a large net trade with Brazil in the exports of Mineral Products ($1.13B), Chemical Products ($1.12B), and Machines ($646M).

During 2018, Brazil had a large net trade with Spain in the exports of Mineral Products ($3.81B), Vegetable Products ($2.05B), and Foodstuffs ($800M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms