Flag Brazil

2019
Economic
Complexity
: 0.55, Rank 49 of 157

2019
Product
Exports | Imports
: $230B | $177B, 25 of 225 |  27 of 225

2019
Per Capita Product
Exports | Imports
: $1.09k | $839, 120 of 219 |  159 of 219

2018
Service
Exports | Imports
: $34.1B | $70.9B, 17 of 88 | 12 of 88

Overview: In 2019 Brazil was the number 9 economy in the world in terms of GDP (current US$), the number 25 in total exports, the number 27 in total imports, the number 79 economy in terms of GDP per capita (current US$) and the number 49 most complex economy according to the Economic Complexity Index (ECI)

Exports: The top exports of Brazil are Soybeans ($26.1B), Crude Petroleum ($24.3B), Iron Ore ($23B), Corn ($7.39B), and Sulfate Chemical Woodpulp ($7.35B), exporting mostly to China ($63.5B), United States ($30.5B), Argentina ($9.85B), Netherlands ($9.13B), and Japan ($5.58B).

In 2019, Brazil was the world's biggest exporter of Soybeans ($26.1B), Sulfate Chemical Woodpulp ($7.35B), Poultry Meat ($6.55B), Frozen Bovine Meat ($5.67B), and Raw Sugar ($5.33B)

Imports: The top imports of Brazil are Refined Petroleum ($12.4B), Vehicle Parts ($6.19B), Crude Petroleum ($4.35B), Integrated Circuits ($3.83B), and Pesticides ($3.75B), importing mostly from China ($36.3B), United States ($32.6B), Germany ($11.3B), Argentina ($10.3B), and South Korea ($4.83B).

In 2019, Brazil was the world's biggest importer of Pesticides ($3.75B), Special Purpose Ships ($3.51B), Potassic Fertilizers ($2.98B), Mixed Mineral or Chemical Fertilizers ($2.81B), Phosphatic Fertilizers ($506M)

Location: Brazil borders Argentina, Bolivia, Paraguay, Peru, Suriname, Uruguay, and Venezuela by land.

Latest Trends (January, 2021)

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Overview: In January 2021 Brazil exported $14.8B and imported $15.9B, resulting in a negative trade balance of $1.13B. Between January 2020 and January 2021 the exports of Brazil have increased by $313M (2.16%) from $14.5B to $14.8B, while imports decreased by $-245M (-1.51%) from $16.2B to $15.9B.

Trade: In January 2021, the top exports of Brazil were Iron Ore ($2.75B), Crude Petroleum ($1.44B), Raw Sugar ($625M), Corn ($505M), and Coffee ($468M). In January 2021 the top imports of Brazil were Special Purpose Ships ($2.02B), Refined Petroleum ($872M), Integrated Circuits ($416M), Telephones ($363M), and Vehicle Parts ($336M).

Origins: In January 2021 the exports of Brazil were mainly from S茫o Paulo ($2.89B), Minas Gerais ($2.21B), Par谩 ($1.97B), Rio de Janeiro ($1.44B), and Mato Grosso ($988M), while imports destinations were mainly S茫o Paulo ($4.43B), Rio de Janeiro ($3.12B), Santa Catarina ($1.75B), Paran谩 ($1.13B), and Amazonas ($935M).

Destinations: In January 2021, Brazil exported mostly to China ($4.04B), United States ($1.4B), Argentina ($761M), Chile ($428M), and Malaysia ($410M), and imported mostly from China ($3.4B), United States ($2.21B), Brazil ($1.74B), Argentina ($783M), and Japan ($757M).

Growth: In January 2021, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($367M or 10%), Argentina ($168M or 28.2%), and Indonesia ($166M or 124%), and product exports increase in Iron Ore ($1B or 57.7%), Raw Sugar ($154M or 32.8%), and Corn ($145M or 40.3%). In January 2021, the decrease in Brazil's year-by-year imports was explained primarily by an decrease in imports from China ($-1.66B or -32.7%), Germany ($-291M or -28.6%), and United States ($-256M or -10.4%), and product imports decrease in Refined Petroleum ($-286M or -24.7%), Packaged Medicaments ($-115M or -33.1%), and Crude Petroleum ($-111M or -53.5%).

Flow
Value
Depth

EXPORT GROWTH (January 2020 - January 2021): $313M, (2.16%)

IMPORT GROWTH (January 2020 - January 2021): $-245M, (-1.51%)

MAIN EXPORTER (January 2021): S茫o Paulo, $2.89B

MAIN DESTINATION (January 2021): China, $4.04B

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

Comparison in Time

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Flow
Value

This section shows the differences between Brazil's total subnational aggregate trade throughout time. To explore different subnational trade comparisons in time, visit Brazil's subnational profiles.

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Yearly Exports

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Value
Depth

Top Export (2019): Soybeans, $26.1B

Top Destination (2019): China, $63.5B

In 2019, Brazil exported a total of $230B, making it the number 25 exporter in the world. During the last five reported years the exports of Brazil have changed by $1.13B from $229B in 2014 to $230B in 2019.

The most recent exports are led by Soybeans ($26.1B), Crude Petroleum ($24.3B), Iron Ore ($23B), Corn ($7.39B), and Sulfate Chemical Woodpulp ($7.35B). The most common destination for the exports of Brazil are China ($63.5B), United States ($30.5B), Argentina ($9.85B), Netherlands ($9.13B), and Japan ($5.58B).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $12.4B

Top Origin (2019): China, $36.3B

In 2019 Brazil imported $177B, making it the number 27 trade destination in the world. During the last five reported years the imports of Brazil changed by -$52.6B from $230B in 2014 to $177B in 2019.

The most recent imports of Brazil are led by Refined Petroleum ($12.4B), Vehicle Parts ($6.19B), Crude Petroleum ($4.35B), Integrated Circuits ($3.83B), and Pesticides ($3.75B). The most common import partners for Brazil are China ($36.3B), United States ($32.6B), Germany ($11.3B), Argentina ($10.3B), and South Korea ($4.83B).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Brazil Exports Services (2018): $34.1B

Brazil Imports Services (2018): $70.9B

In 2018, Brazil exported $34.1B worth of services. The top services exported by Brazil in 2018 were Other business services ($16.4B), Transportation ($5.88B), Personal travel ($4.32B), Computer and information services ($2.62B), and Business travel ($1.6B).

The top services imported by Brazil in 2018 were Other business services ($25.8B), Personal travel ($13.2B), Transportation ($12B), Royalties and license fees ($5.12B), and Business travel ($5.02B).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Brazil are Nuts, edible: coconuts, desiccated (55%) and Nuts, edible: coconuts, desiccated (41.8%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Brazil are:
16: AAP.A25TM N掳 38 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 38 Suscrito al Amparo del Art铆culo 25 del Tratado de Montevideo 1980
17: AAP.A25TM N掳 41 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 41, Suscrito al Amparo del Art铆culo 25 del Tratado de Montevideo 1980
23: AAP.AG N掳 02 - Acuerdo de Alcance Parcial para la Liberaci贸n y Expansi贸n del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
27: AAP.CE N掳 14 Acuerdo de Complementaci贸n Econ贸mica N掳 14 celebrado entre la Rep煤blica Argentina y la Rep煤blica Federativa del Brasil
28: AAP.CE N掳 18 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay y Uruguay
29: AAP.CE N掳 2 Acuerdo de Complementaci贸n Econ贸mica N掳 2 celebrado entre la Rep煤blica Federativa del Brasil y la Rep煤blica Oriental del Uruguay
35: AAP.CE N掳 35 - Complementaci贸n Econ贸mica entre MERCOSUR y Chile
36: AAP.CE N掳 36 - Complementaci贸n Econ贸mica entre MERCOSUR y Bolivia
49: AAP.CE N掳 53 Acuerdo de Complementaci贸n Econ贸mica N掳 53 entre la Rep煤blica Federativa del Brasil y los Estados Unidos Mexicanos
50: AAP.CE N掳 55 Acuerdo de Complementaci贸n Econ贸mica N掳 55 celebrado entre el MERCOSUR y los Estados Unidos Mexicanos
60: AAP.CE N掳 58 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay y Per煤
61: AAP.CE N掳 59 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay, Colombia, Ecuador y Venezuela
64: AAP.CE N掳 62 - Complementaci贸n Econ贸mica entre Argentina, Brasil, Paraguay, Uruguay y Cuba
71: AAP.CE N潞 69 Acuerdo de Alcance Parcial de Complementaci贸n Econ贸mica N掳 69 entre la Rep煤blica Federativa del Brasil y la Rep煤blica Bolivariana de Venezuela
79: AR.AM N掳 01 - Acuerdo Regional de Apertura de Mercados en Favor de Bolivia
80: AR.AM N掳 02 - Acuerdo Regional de Apertura de Mercados en favor de Ecuador
81: AR.AM N掳 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay
82: AR.CEYC N掳 7 Acuerdo de Cooperaci贸n e Intercambio en las 脕reas Cultural, Educacional y Cient铆fica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, M茅xico, Panam谩, Paraguay, Per煤, Uruguay)
83: AR.PAR N掳 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador M茅xico Panam谩 Paraguay Per煤 Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
195: Preferential tariff for Cuba
239: Preferential tariff for India
244: Preferential tariff for Israel
269: Preferential tariff for MERCOSUR countries (Southern Common Market)
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 20 years Brazil's鈦 鈦╡conomy has become relatively less complex, moving from the 鈦┾仺24th to the 49th鈦 position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Comparison Map

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Value

This section shows exports, imports and economic complexity data at subnational level for Brazil. Click any of the State in the geomap to visit the specific subnational profile.

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Most Specialized Products by RCA Index

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Brazil has a high level of specialization in Soybeans (37.2), Steel Ingots (22.1), Raw Sugar (19.3), Poultry Meat (19), and Soybean Meal (18.8). Specialization is measured using RCA, an index that takes the ratio between Brazil observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Brazil according to the product complexity index (PCI) are Tools for working in the hand, non-electric motor (1.64), Carboxyimide-function and imine-function compounds (1.42), Metal-rolling mills and rolls thereof (1.38), Molybdenum and articles thereof, waste or scrap (1.34), and Knives and blades for hand use (1.11). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Brazil according to the relatedness index, are Uranium and Thorium Ore (0.23), Other Ores (0.22), Wool (0.22), Sorghum (0.21), and Raw Copper (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brazil is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.