Gold in Brazil | The Observatory of Economic Complexity

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Exports In 2023, Brazil exported $4.41B in Gold, making it the 24th largest exporter of Gold in the world. At the same year, Gold was the 13th most exported product in Brazil. The main destination of Gold exports from Brazil are: Canada ($1.69B), Switzerland ($1.21B), United Kingdom ($455M), United Arab Emirates ($373M), and India ($261M).

The fastest growing export markets for Gold of Brazil between 2022 and 2023 were United States ($179M), Germany ($16.6M), and Switzerland ($4.75M).

Imports In 2023, Brazil imported $5.18M in Gold, becoming the 101st largest importer of Gold in the world. At the same year, Gold was the 869th most imported product in Brazil. Brazil imports Gold primarily from: South Korea ($1.54M), Singapore ($1.42M), United States ($973k), Canada ($499k), and Italy ($340k).

The fastest growing import markets in Gold for Brazil between 2022 and 2023 were United States ($595k), Italy ($212k), and France ($94.2k).

Latest Trends

December 2024

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Overview In December 2024 Brazil's Gold exports accounted up to $432M and imports accounted up to $535k, resulting in a positive trade balance of $431M. Between December 2023 and December 2024 the exports of Brazil's Gold have increased by $108M (33.5%) from $323M to $432M, while imports increased by $468k (700%) from $67k to $535k.

Destinations In December 2024, Gold were exported mostly to Canada ($211M), Switzerland ($100M), United Kingdom ($61.6M), United Arab Emirates ($31.6M), and Germany ($13.7M), and were imported mostly from South Korea ($496k), Italy ($19.5k), United States ($13.6k), Czechia ($3.79k), and Singapore ($2.29k).

Growth In December 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Germany ($17.5M or 191%) and Switzerland ($12.2M or 19%). In December 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from United States ($67.6k or 9.18k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$108M(33.5%)

IMPORT GROWTH (December 2023 - December 2024)$468k(700%)

MAIN EXPORTER (December 2024)Minas Gerais$237M

MAIN DESTINATION (December 2024)Canada$211M

This section shows Gold's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$4.41B

IMPORTS (2023)$5.18M

NET TRADE (2023)$4.41B

In 2023, Brazil exported $4.41B in Gold. The main destinations of Brazil exports on Gold were Canada ($1.69B), Switzerland ($1.21B), United Kingdom ($455M), United Arab Emirates ($373M), and India ($261M).

In 2023, Brazil imported $5.18M in Gold, mainly from South Korea ($1.54M), Singapore ($1.42M), United States ($973k), Canada ($499k), and Italy ($340k).

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