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2023
Flag → Flag
Exports $11.1BRnk 5 / 137
2023
Flag → Flag
Top Product $5.82BRefined Petroleum
2023
Flag → Flag
Exports $1.34BRnk 43 / 221
2023
Flag → Flag
Top Product $613MSoybeans
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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 $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$10,295CURRENT US$
Rnk 89 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Russia-Brazil Trade: In 2023, Russia exported $11.1B to Brazil. The main products that Russia exported to Brazil were Refined Petroleum ($5.82B), Mixed Mineral or Chemical Fertilizers ($1.72B), and Potassic Fertilizers ($1.62B). Over the past 5 years the exports of Russia to Brazil have increased at an annualized rate of 26.3%, from $3.47B in 2018 to $11.1B in 2023.

In 2020, Russia exported services to Brazil worth $10.9M, with Other business services ($4.81M), Transportation ($2.41M), and Construction services ($1.98M) being the largest in terms of value.

Brazil-Russia Trade: In 2023, Brazil exported $1.34B to Russia. The main products that Brazil exported to Russia were Soybeans ($613M), Frozen Bovine Meat ($187M), and Coffee ($131M). Over the past 5 years the exports of Brazil to Russia have decreased at an annualized rate of 7.84%,  from $2.02B in 2018 to $1.34B in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $511M and imported $212M from Brazil, resulting in a positive trade balance of $299M. Between January 2021 and January 2022 the exports of Russia have increased by $314M (160%) from $197M to $511M, while imports increased by $71.1M (50.6%) from $141M to $212M.

Trade In January 2022, the top exports of Russia to Brazil were Nitrogenous Fertilizers ($53.1M), Potassic Fertilizers ($39.3M), Refined Petroleum ($29.6M), Mixed Mineral or Chemical Fertilizers ($18.6M), and Coal Briquettes ($13.8M). In January 2022 the top imports of Russia from Brazil were Soybeans ($32.3M), Liquid Dispersing Machines ($17.8M), Coffee ($13.7M), Ground Nuts ($9.97M), and Poultry Meat ($8.55M).

Origins In January 2022 the exports of Russia were mainly from PERM TERRITORY ($194M), NOVGOROD REGION ($69.3M), LENINGRAD REGION ($53.5M), SARATOV REGION ($42.4M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($36.3M), while imports destinations were mainly KALININGRAD REGION ($59.3M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($44.7M), ST. PETERSBURG ($37M), LENINGRAD REGION ($15.9M), and MOSCOW REGION ($14.1M).

Growth In January 2022, the increase in Russia's year-by-year exports to Brazil was explained primarily by an increase in product exports in Potassic Fertilizers ($29.8M or 316%), Refined Petroleum ($26.6M or 889%), and Nitrogenous Fertilizers ($20.3M or 62%). In January 2022, the increase in Russia's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Soybeans ($20.6M or 176%), Liquid Dispersing Machines ($12.5M or 233%), and Ground Nuts ($5.59M or 128%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$314M(160%)
IMPORT GROWTH (January 2021 - January 2022)$71.1M(50.6%)
MAIN EXPORTER (January 2022)PERM TERRITORY$194M

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

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

For full datasets download visit Bulk Download page.

Explore Brazil and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $11.1B to Brazil. The main products exported from Russia to Brazil were Refined Petroleum ($5.82B), Mixed Mineral or Chemical Fertilizers ($1.72B), and Potassic Fertilizers ($1.62B). During the last 5 years the exports of Russia to Brazil have increased at an annualized rate of 26.3%, from $3.47B in 2018 to $11.1B in 2023.

In 2018, Brazil exported $1.34B to Russia. The main products exported from Brazil to Russia were Soybeans ($613M), Frozen Bovine Meat ($187M), and Coffee ($131M). During the last 5 years the exports of Brazil to Russia have decreased at an annualized rate of 7.84%, from $2.02B in 2023 to $1.34B in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Russia than Brazil included India ($66.1B), Turkey ($31B), and China ($129B).

In 2023, countries that imported more from Brazil than Russia included United States ($37B), Argentina ($17.2B), and Chile ($8.68B).

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

Comparative Advantage Russia - Brazil

Flow
Scale

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

During 2023, Russia had a large net trade with Brazil in the exports of Mineral Products ($6.35B), Chemical Products ($4.08B), and Vegetable Products ($278M).

During 2018, Brazil had a large net trade with Russia in the exports of Vegetable Products ($870M), Animal Products ($314M), and Foodstuffs ($54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Brazil+$595MRefined Petroleum
Top Product Potential Brazil Russia+$64.3MFrozen Bovine Meat

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

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

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