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Trade between Brazil and Spain

In 2024, Brazil exported $9.6 billion to Spain and imported $4.2 billion. Brazil ran a surplus of $5.5 billion with Spain, compared with a surplus of $1 billion in 2019. Spain was Brazil’s 6th largest trading partner (2% of its trade), and Brazil was Spain’s 13th (2%).

Summary

Brazil → Spain
$9.6billion
Spain → Brazil
$4.2billion
Brazil’s balance
$5.5billion

Balance

Brazil’s trade balance with Spain

Trade between Brazil and Spain grew 6.9-fold since 1995

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

  • Exports 9.6
  • Imports 4.2
  • Balance +5.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.1 billion$915 million$163 million
1996$1.1 billion$1.1 billion$64 million
1997$1.2 billion$1.4 billion-$171 million
1998$1.3 billion$1.4 billion-$169 million
1999$1.3 billion$1.6 billion-$276 million
2000$1.2 billion$1.3 billion-$139 million
2001$1.2 billion$1.4 billion-$156 million
2002$1.3 billion$1.1 billion$236 million
2003$1.8 billion$1 billion$790 million
2004$2.3 billion$1.4 billion$851 million
2005$2.5 billion$1.4 billion$1.1 billion
2006$2.7 billion$1.5 billion$1.1 billion
2007$4 billion$2 billion$2 billion
2008$4.5 billion$2.6 billion$1.9 billion
2009$3.2 billion$2.1 billion$1 billion
2010$4.2 billion$3.2 billion$1 billion
2011$4.8 billion$3.8 billion$1.1 billion
2012$4.1 billion$3.8 billion$349 million
2013$4 billion$4.9 billion-$909 million
2014$3.6 billion$4.2 billion-$544 million
2015$3.3 billion$3.7 billion-$415 million
2016$3.1 billion$2.7 billion$382 million
2017$4.3 billion$3.1 billion$1.2 billion
2018$5.2 billion$3.2 billion$2 billion
2019$4.2 billion$3.2 billion$1 billion
2020$4 billion$2.9 billion$1.1 billion
2021$5.3 billion$3.5 billion$1.8 billion
2022$9.6 billion$3.9 billion$5.7 billion
2023$7.9 billion$4.2 billion$3.7 billion
2024$9.6 billion$4.2 billion$5.5 billion

What they sell each other

What Brazil sells to Spain

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

  1. Crude petroleum$4.3 billion · 44.5%
    9.3 million tonnes · Brazil’s destinations
  2. Soybeans$1.8 billion · 18.7%
    3.4 million tonnes · Brazil’s destinations
  3. Soybean meal and pellets$545 million · 5.7%
    1.3 million tonnes · Brazil’s destinations
  4. Copper ore$429 million · 4.4%
    174 thousand tonnes · Brazil’s destinations
  5. Coffee$387 million · 4%
    96 thousand tonnes · Brazil’s destinations
  6. Refined petroleum$212 million · 2.2%
    214 thousand tonnes · Brazil’s destinations
  7. Corn$187 million · 1.9%
    924 thousand tonnes · Brazil’s destinations
  8. Airplanes and helicopters$153 million · 1.6%
    135 tonnes · Brazil’s destinations
  9. Chemical wood pulp$141 million · 1.5%
    252 thousand tonnes · Brazil’s destinations
  10. Iron ore$110 million · 1.1%
    1.4 million tonnes · Brazil’s destinations

What Spain sells to Brazil

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

  1. Refined petroleum$759 million · 18.2%
    883 thousand tonnes · Spain’s destinations
  2. 3 thousand tonnes · Spain’s destinations
  3. Vaccines, blood and antisera$194 million · 4.7%
    1 thousand tonnes · Spain’s destinations
  4. Auto parts$129 million · 3.1%
    17 thousand tonnes · Spain’s destinations
  5. Olive oil$124 million · 3%
    12 thousand tonnes · Spain’s destinations
  6. Mixed fertilizers$100 million · 2.4%
    198 thousand tonnes
  7. Pesticides and herbicides$100 million · 2.4%
    5 thousand tonnes
  8. Organosulfur compounds$88 million · 2.1%
    53 thousand tonnes
  9. 1 thousand tonnes
  10. 6 thousand tonnes

How it travels

Estimated sea route from Santos to Valencia.

The estimated sea route between Santos and Valencia is 4,964 nautical miles (9,193 km) long: ≈ 11.5–15 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar.

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$12.6 billion · 91.2%
  2. Air$1.2 billion · 8.8%

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

How much each matters to the other

Spain was Brazil’s 6th largest trading partner (2% of its trade), and Brazil was Spain’s 13th (2%).

Spain in Brazil’s trade
2.2%
Spain’s rank among Brazil’s partners
6th
Brazil in Spain’s trade
1.7%
Brazil’s rank among Spain’s partners
13th

Compare with

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.