globaltraffic.earth

Trade between Brazil and South Korea

In 2024, Brazil exported $6.8 billion to South Korea and imported $5.5 billion. Brazil ran a surplus of $1.3 billion with South Korea, compared with a deficit of $1.1 billion in 2019. South Korea was Brazil’s 11th largest trading partner (2% of its trade), and Brazil was South Korea’s 23rd (0.9%).

Summary

Brazil → South Korea
$6.8billion
South Korea → Brazil
$5.5billion
Brazil’s balance
$1.3billion

Balance

Brazil’s trade balance with South Korea

Trade between Brazil and South Korea grew 4.4-fold since 1995

USD billions (current). Brazil’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 6.8
  • Imports 5.5
  • Balance +1.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.2 billion$1.6 billion-$386 million
1996$1.3 billion$1.3 billion-$48 million
1997$1.1 billion$1.7 billion-$569 million
1998$626 million$1.7 billion-$1.1 billion
1999$820 million$1.2 billion-$372 million
2000$818 million$1.7 billion-$843 million
2001$984 million$1.8 billion-$773 million
2002$1.1 billion$1.3 billion-$129 million
2003$1.5 billion$1.2 billion$327 million
2004$2 billion$1.8 billion$182 million
2005$2.4 billion$2.4 billion-$42 million
2006$2.5 billion$3.3 billion-$827 million
2007$2.6 billion$3.7 billion-$1.1 billion
2008$3.9 billion$5.9 billion-$2.1 billion
2009$3.4 billion$5.2 billion-$1.7 billion
2010$4.2 billion$9.1 billion-$4.9 billion
2011$5.3 billion$12.7 billion-$7.4 billion
2012$5 billion$10.8 billion-$5.7 billion
2013$5.3 billion$10.1 billion-$4.7 billion
2014$4.6 billion$9.2 billion-$4.6 billion
2015$3.8 billion$5.8 billion-$2 billion
2016$3.4 billion$5.7 billion-$2.3 billion
2017$3.5 billion$5.6 billion-$2.1 billion
2018$3.8 billion$5.6 billion-$1.8 billion
2019$4.1 billion$5.2 billion-$1.1 billion
2020$4.2 billion$4.7 billion-$543 million
2021$6.4 billion$5.5 billion$900 million
2022$6.9 billion$5.9 billion$1.1 billion
2023$6.5 billion$5 billion$1.6 billion
2024$6.8 billion$5.5 billion$1.3 billion

What they sell each other

What Brazil sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$1.6 billion · 24.1%
    2.8 million tonnes · Brazil’s destinations
  2. Iron ore$1 billion · 15.2%
    8.2 million tonnes · Brazil’s destinations
  3. Corn$714 million · 10.5%
    3.1 million tonnes · Brazil’s destinations
  4. Soybean meal and pellets$636 million · 9.4%
    1.4 million tonnes · Brazil’s destinations
  5. Ethyl alcohol (ethanol)$428 million · 6.3%
    366 thousand tonnes · Brazil’s destinations
  6. Poultry meat$327 million · 4.8%
    168 thousand tonnes · Brazil’s destinations
  7. Ferroalloys$325 million · 4.8%
    54 thousand tonnes · Brazil’s destinations
  8. Coffee$255 million · 3.8%
    58 thousand tonnes · Brazil’s destinations
  9. Soybeans$236 million · 3.5%
    486 thousand tonnes · Brazil’s destinations
  10. Chemical wood pulp$229 million · 3.4%
    387 thousand tonnes · Brazil’s destinations

What South Korea sells to Brazil

The top 10 headings in 2024, with their share of the total.

  1. Microchips$1.4 billion · 25.2%
    138 tonnes · South Korea’s destinations
  2. Auto parts$512 million · 9.3%
    51 thousand tonnes · South Korea’s destinations
  3. Spark-ignition engines$212 million · 3.8%
    10 thousand tonnes
  4. Vaccines, blood and antisera$182 million · 3.3%
    370 tonnes · South Korea’s destinations
  5. Medical and dental instruments$103 million · 1.9%
    832 tonnes · South Korea’s destinations
  6. Polystyrene$102 million · 1.9%
    52 thousand tonnes
  7. Cameras and broadcast equipment$101 million · 1.8%
    461 tonnes
  8. Pesticides and herbicides$101 million · 1.8%
    2 thousand tonnes
  9. Coated flat steel$98 million · 1.8%
    77 thousand tonnes
  10. Computer and office machine parts$92 million · 1.7%
    95 tonnes

How it travels

Estimated sea route from Santos to Busan.

The estimated sea route between Santos and Busan is 11,759 nautical miles (21,777 km) long: ≈ 27–35 days at sea (at 18 and 14 knots).

Passages it crosses: Cape of Good Hope; and Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$9.7 billion · 78.6%
  2. Air$2.6 billion · 21.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Brazil’s 11th largest trading partner (2% of its trade), and Brazil was South Korea’s 23rd (0.9%).

South Korea in Brazil’s trade
1.9%
South Korea’s rank among Brazil’s partners
11th
Brazil in South Korea’s trade
0.9%
Brazil’s rank among South Korea’s partners
23rd

Compare with

Other partners of Brazil

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.