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2022
Flag → Flag
Exports $3.8BRnk 16 / 218
2022
Flag → Flag
Top Product $475MRefined Petroleum
2022
Flag → Flag
Exports $9.78BRnk 5 / 223
2022
Flag → Flag
Top Product $3.57BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Spain-Brazil Trade: In 2022, Spain exported $3.8B to Brazil. The main products that Spain exported to Brazil were Refined Petroleum ($475M), Potassic Fertilizers ($163M), and Transmissions ($148M). Over the past 5 years the exports of Spain to Brazil have increased at an annualized rate of 5.15%, from $2.95B in 2017 to $3.8B in 2022.

In 2018, Spain exported services to Brazil worth $0, with being the largest in terms of value.

Brazil-Spain Trade: In 2022, Brazil exported $9.78B to Spain. The main products that Brazil exported to Spain were Crude Petroleum ($3.57B), Soybeans ($1.89B), and Corn ($1.36B). Over the past 5 years the exports of Brazil to Spain have increased at an annualized rate of 19.7%,  from $3.97B in 2017 to $9.78B in 2022.

In 2022, Brazil did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €304M and imported €636M from Brazil, resulting in a negative trade balance of €332M. Between June 2023 and June 2024 the exports of Spain have decreased by €-23.3M (-7.12%) from €327M to €304M, while imports increased by €90.1M (16.5%) from €546M to €636M.

Trade In June 2024, the top exports of Spain to Brazil were Refined Petroleum (€70.2M), Commodities not elsewhere specified (€16.4M), Packaged Medicaments (€16M), Gas Turbines (€15.2M), and Transmissions (€11.8M). In June 2024 the top imports of Spain from Brazil were Corn (€151M), Crude Petroleum (€123M), Soybean Meal (€53.6M), Coffee (€20.3M), and Copper Ore (€19.8M).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€75.9M), Madrid (€58.7M), Guipúzcoa (€19.3M), Castellón (€17M), and Asturias (€11.9M), while imports destinations were mainly Cádiz (€155M), Murcia (€131M), Barcelona (€84.8M), Huelva (€67.4M), and Vizcaya (€35.9M).

Growth In June 2024, the decrease in Spain's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Electric Motors (€-2.71M or -83.6%), Laboratory Reagents (€-2.59M or -80.3%), and Motor vehicles; parts and accessories (8701... (€-2.23M or -25.7%). In June 2024, the increase in Spain's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Corn (€118M or 360%), Ferroalloys (€10.1M or 154%), and Sulfate Chemical Woodpulp (€3.72M or 43.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-23.3M(-7.12%)
IMPORT GROWTH (June 2023 - June 2024)€90.1M(16.5%)
MAIN EXPORTER (June 2024)Barcelona€75.9M

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

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

For full datasets download visit Bulk Download page.

Explore Brazil and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $3.8B to Brazil. The main products exported from Spain to Brazil were Refined Petroleum ($475M), Potassic Fertilizers ($163M), and Transmissions ($148M). During the last 5 years the exports of Spain to Brazil have increased at an annualized rate of 5.15%, from $2.95B in 2017 to $3.8B in 2022.

In 2017, Brazil exported $9.78B to Spain. The main products exported from Brazil to Spain were Crude Petroleum ($3.57B), Soybeans ($1.89B), and Corn ($1.36B). During the last 5 years the exports of Brazil to Spain have increased at an annualized rate of 19.7%, from $3.97B in 2022 to $9.78B in 2017.

Exports from Spain (Flag) to Brazil (Flag) (2022)

Exports from Brazil (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Spain than Brazil included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Brazil than Spain included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

Difference in imports from Brazil (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Brazil

Flow
Scale

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

During 2022, Spain had a large net trade with Brazil in the exports of Chemical Products ($1.24B), Machines ($687M), and Mineral Products ($657M).

During 2017, Brazil had a large net trade with Spain in the exports of Mineral Products ($4.3B), Vegetable Products ($3.63B), and Foodstuffs ($671M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Brazil+$209MRefined Petroleum
Top Product Potential Brazil Spain+$210MRefined 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

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

Product Space of Spain (Flag) and Brazil (Flag) (2022)

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