Mexico (MEX) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Mexico-Brazil Trade: In 2022, Mexico exported $4.65B to Brazil. The main products that Mexico exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($650M), Delivery Trucks ($336M), and Cars ($238M). Over the past 5 years the exports of Mexico to Brazil have increased at an annualized rate of 2.2%, from $4.17B in 2017 to $4.65B in 2022.

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

Brazil-Mexico Trade: In 2022, Brazil exported $7.06B to Mexico. The main products that Brazil exported to Mexico were Cars ($685M), Semi-Finished Iron ($605M), and Corn ($492M). Over the past 5 years the exports of Brazil to Mexico have increased at an annualized rate of 8.65%, from $4.66B in 2017 to $7.06B in 2022.

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

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $4.65B to Brazil. The main products exported from Mexico to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($650M), Delivery Trucks ($336M), and Cars ($238M). During the last 5 years the exports of Mexico to Brazil have increased at an annualized rate of 2.2%, from $4.17B in 2017 to $4.65B in 2022.

In 2017, Brazil exported $7.06B to Mexico. The main products exported from Brazil to Mexico were Cars ($685M), Semi-Finished Iron ($605M), and Corn ($492M). During the last 5 years the exports of Brazil to Mexico have increased at an annualized rate of 8.65%, from $4.66B in 2022 to $7.06B in 2017.

Exports from Mexico () to Brazil () (2022)

Exports from Brazil () to Mexico () (2022)

Latest Data

Trade between Mexico () and Brazil ()

Mexico Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Mexico than Brazil included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

In 2022, countries that imported more from Brazil than Mexico included China ($90.1B), Argentina ($15.4B), and Netherlands ($11.8B).

Difference in imports from Brazil () and Mexico () (2022)

Comparative Advantage Mexico - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Brazil in the exports of Transportation ($1.36B), Machines ($1.32B), and Chemical Products ($723M).

During 2017, Brazil had a large net trade with Mexico in the exports of Transportation ($1.26B), Machines ($1.17B), and Vegetable Products ($1.14B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Brazil+$325MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Brazil Mexico+$207MSoybeans

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Brazil () (2022)

Exports from Brazil () to Mexico () (2022)

Latest Data

Trade between Mexico () and Brazil ()

Mexico Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Mexico () (2022)

Comparative Advantage Mexico - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Brazil () (2022)

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