2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186

About

Italy-Brazil Trade: In 2022, Italy exported $5.4B to Brazil. The main products that Italy exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($437M), Transmissions ($160M), and Combustion Engines ($141M). Over the past 5 years the exports of Italy to Brazil have increased at an annualized rate of 4.71%, from $4.29B in 2017 to $5.4B in 2022.

In 2020, Italy exported services to Brazil worth $671M, with Travel ($253M), Other business services ($150M), and Royalties and license fees ($105M) being the largest in terms of value.

Brazil-Italy Trade: In 2022, Brazil exported $4.93B to Italy. The main products that Brazil exported to Italy were Sulfate Chemical Woodpulp ($847M), Coffee ($818M), and Iron Ore ($340M). Over the past 5 years the exports of Brazil to Italy have increased at an annualized rate of 2.57%,  from $3.73B in 2017 to $4.93B in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $5.4B to Brazil. The main products exported from Italy to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($437M), Transmissions ($160M), and Combustion Engines ($141M). During the last 5 years the exports of Italy to Brazil have increased at an annualized rate of 4.71%, from $4.29B in 2017 to $5.4B in 2022.

In 2017, Brazil exported $4.93B to Italy. The main products exported from Brazil to Italy were Sulfate Chemical Woodpulp ($847M), Coffee ($818M), and Iron Ore ($340M). During the last 5 years the exports of Brazil to Italy have increased at an annualized rate of 2.57%, from $3.73B in 2022 to $4.93B in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Brazil
Top Destination
China$90.1B

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

In 2022, countries that imported more from Italy than Brazil included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Brazil than Italy included China ($90.1B), Argentina ($15.4B), and Chile ($9.17B).

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

Comparative Advantage Italy - Brazil

Flow
Scale

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

During 2022, Italy had a large net trade with Brazil in the exports of Machines ($2.12B), Chemical Products ($813M), and Transportation ($668M).

During 2017, Brazil had a large net trade with Italy in the exports of Vegetable Products ($1.41B), Paper Goods ($907M), and Mineral Products ($748M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Brazil+$145MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Brazil Italy+$363MCrude 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 Italy and Brazil. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Italy.

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

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