Brazil

ECON COMPLEXITY (2018)

0.62

RANK 39 OF 137

PRODUCT EXPORTS (2018)

$242B

RANK 25 OF 222

EXPORTS PER CAPITA (2018)

$1.16K

RANK 183 OF 219

PRODUCT IMPORTS (2018)

$173B

RANK 30 OF 221

IMPORTS PER CAPITA (2018)

$826

RANK 213 of 219

SERVICE EXPORTS (2018)

$34.1B

RANK 17 OF 88

SERVICE IMPORTS (2018)

$70.9B

RANK 12 OF 88

GDP (2018)

$1.87T

CURRENT US$
RANK 9 OF 196

GDP GROWTH (2008-2018)

10.2%

CURRENT US$
RANK 143 OF 196

GDP PC (2018)

$8,921

CURRENT US$
RANK 82 OF 196

GDP PC GROWTH (2008-2018)

1.02%

Overview: In 2018 Brazil was the number 9 economy in the world in terms of GDP (current US$), the number 25 in total exports, the number 30 in total imports, and the number 39 most complex economy according to the Economic Complexity Index (ECI). In 2018, Brazil exported $242B and imported $173B, resulting in a positive trade balance of $69.5B. In 2018, Brazil’s exports per capita were $1.16k and its imports per capita were $826.

Trade: The top exports of Brazil are Soybeans ($33.2B), Crude Petroleum ($25.2B), Iron Ore ($20.5B), Sulfate Chemical Woodpulp($8.26B), and Soybean Meal ($6.8B). The top imports of Brazil are Refined Petroleum ($11.7B), Vehicle Parts ($6.12B), Crude Petroleum($4.5B), Cars ($4.24B), and Integrated Circuits ($4.17B).

Destinations: Brazil exports mostly to China ($64.3B), United States($29.3B), Argentina ($15B), Netherlands ($11.9B), and Chile ($6.45B), and imports mostly from China ($33.9B), United States ($29.3B), Germany ($11.1B), Argentina ($11B), and France ($5.12B).

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

Exports

In 2018 Brazil exported a total of $242B, making it the number 25 exporter in the world. During the last five reported years the exports of Brazil have changed by -$6.35B from $249B in 2013 to $242B in 2018.

The most recent exports are led by Soybeans ($33.2B), Crude Petroleum ($25.2B), Iron Ore ($20.5B), Sulfate Chemical Woodpulp ($8.26B), and Soybean Meal ($6.8B).

Imports

In 2018 Brazil imported $173B, making it the number 30 trade destination in the world. During the last five reported years the imports of Brazil changed by -$68.1B from $241B in 2013 to $173B in 2018.

The most recent imports of Brazil are led by Refined Petroleum ($11.7B), Vehicle Parts ($6.12B), Crude Petroleum ($4.5B), Cars ($4.24B), and Integrated Circuits ($4.17B).

Trade Balance

As of 2018 Brazil had a positive trade balance of $78.3B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $4.26B in net imports.

Destinations

The most common destination for the exports of Brazil are China ($64.3B), United States ($29.3B), Argentina ($15B), Netherlands ($11.9B), and Chile ($6.45B).

Origins

The most common import partners for Brazil are China ($33.9B), United States ($29.3B), Germany ($11.1B), Argentina ($11B), and France ($5.12B).