Saudi Arabia (SAU) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Brazil Trade: In 2023, Saudi Arabia exported $3.7B to Brazil. The main products that Saudi Arabia exported to Brazil were Crude Petroleum ($2.01B), Refined Petroleum ($603M), and Mixed Mineral or Chemical Fertilizers ($524M). Over the past 5 years the exports of Saudi Arabia to Brazil have increased at an annualized rate of 7.24%, from $2.61B in 2018 to $3.7B in 2023.

In 2023, Saudi Arabia did not export any services to Brazil.

Brazil-Saudi Arabia Trade: In 2023, Brazil exported $3.35B to Saudi Arabia. The main products that Brazil exported to Saudi Arabia were N/A. Over the past 5 years the exports of Brazil to Saudi Arabia have increased at an annualized rate of 8.17%, from $2.26B in 2018 to $3.35B in 2023.

In 2023, Brazil did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $3.7B to Brazil. The main products exported from Saudi Arabia to Brazil were Crude Petroleum ($2.01B), Refined Petroleum ($603M), and Mixed Mineral or Chemical Fertilizers ($524M). During the last 5 years the exports of Saudi Arabia to Brazil have increased at an annualized rate of 7.24%, from $2.61B in 2018 to $3.7B in 2023.

In 2018, Brazil exported $3.35B to Saudi Arabia. There were not main exports from Brazil to Saudi Arabia in 2018. During the last 5 years the exports of Brazil to Saudi Arabia have increased at an annualized rate of 8.17%, from $2.26B in 2023 to $3.35B in 2018.

Exports from Saudi Arabia () to Brazil () (2023)

Exports from Brazil () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Brazil ()

Saudi Arabia Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Saudi Arabia than Brazil included India ($34.8B), Japan ($34.7B), and United Arab Emirates ($11.5B).

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

Difference in imports from Brazil () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Brazil in the exports of Mineral Products ($2.68B), Chemical Products ($759M), and Plastics and Rubbers ($218M).

During 2018, Brazil had a large net trade with Saudi Arabia in the exports of Foodstuffs ($1.09B), Animal Products ($1.06B), and Vegetable Products ($717M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Brazil+$555MRefined Petroleum

Top Product Potential Brazil Saudi Arabia+$62.1MRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Brazil () (2023)

Exports from Brazil () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Brazil ()

Saudi Arabia Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Brazil () (2023)

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