Date,
Time MSK

18.03.2016



Brazilian-Russian Bilateral Trade in 2015


In 2015 Brazilian-Russian bilateral trade volume decreased by 31% and reached 4.7 billion USD compared to 6.8 billion USD in 2014.


Brazilian exports to Russia fell to 2.5 billion USD (by 36%) while imports fell to 2.2 billion USD (by 24%) (see Figure 1).



Figure 1. 2007-2015 Brazilian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Brazilian-Russian bilateral trade turnover, billion USD.png



Brazilian exports to Russia


Brazil primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Meat and edible meat offal (54%)

▪ Sugars and sugar confectionery (14%)

▪ Oil seed, oleagic fruits, grain, seed, fruit, etc, nes (10%)

▪ Tobacco and manufactured tobacco substitutes (5%)

▪ Inorganic chemicals, precious metal compound, isotopes (4%)

▪ Miscellaneous edible preparations (3%)

▪ Coffee, tea, mate and spices (3%)

▪ Iron and steel (2%)

▪ Machinery, nuclear reactors, boilers, etc (1%)


In 2015 the imports of Brazilian made products in Russia experienced a significant fall. The imports of machinery, nuclear reactors, boilers fell by 76%.



Figure 2. Structure of Brazilian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Brazilian Exports to Russia in 2015.png




Table 1. Key products exported from Brazil to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Brazil products

02

Meat and edible meat offal

$2,432,846

$1,340,538

-45%

43.7

23.00

17

Sugars and sugar confectionery

$543,704

$343,619

-37%

25.9

20.2

12

Oil seed, oleagic fruits, grain, seed, fruit, etc, nes

$309,697

$248,158

-20%

17.6

1.2

24

Tobacco and manufactured tobacco substitutes

$142,892

$135,066

-5%

22.4

12.6

28

Inorganic chemicals, precious metal compound, isotopes

$10,515

$91,688

772%

0.9

4.2

21

Miscellaneous edible preparations

$65,680

$73,103

11%

4.2

12.5

09

Coffee, tea, mate and spices

$88,744

$67,882

-24%

8.3

2.3

72

Iron and steel

$10,161

$46,823

361%

1.4

3.8

84

Machinery, nuclear reactors, boilers, etc

$61,146

$14,769

-76%

0.2

1.9

64

Footwear, gaiters and the like, parts thereof

$18,584

$14,058

-24%

0.6

8.4

05

Products of animal origin, nes

$10,726

$13,539

26%

8.9

5.4

29

Organic chemicals

$25,412

$12,266

-52%

1.0

3.4

20

Vegetable, fruit, nut, etc food preparations

$4,622

$9,241

100%

3.0

8.2

23

Residues, wastes of food industry, animal fodder

$17,137

$6,764

-61%

8.2

4.9



Russian exports to Brazil


In 2015 Russia has exported to Brazil the following products (see Figure 3, Table 2):


▪ Fertilizers (55%)

▪ Aluminium and articles thereof (16%)

▪ Mineral fuels, oils, distillation products, etc (10%)

▪ Iron and steel (4%)

▪ Rubber and articles thereof (3%)

▪ Pearls, precious stones, metals, coins, etc (3%)

▪ Salt, sulphur, earth, stone, plaster, lime and cement (3%)

▪ Machinery, nuclear reactors, boilers, etc (1%)

▪ Copper and articles thereof (1%)

▪ Organic chemicals (1%)


2015 showed a significant rise in Russian exports to Brazil of copper and articles thereof (+6263%). At the same time the exports of mineral fuels, oils, distillation products (-45%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Brazil in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Brazil in 2015.png



Table 2. Key products exported from Russia to Brazil in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

31

Fertilizers

$1,728,552

$1,226,981

-29%

20.5

76

Aluminium and articles thereof

$374,971

$359,568

-4%

19

27

Mineral fuels, oils, distillation products, etc

$403,953

$223,409

-45%

0.9

72

Iron and steel

$126,107

$91,792

-27%

3.7

40

Rubber and articles thereof

$121,466

$76,630

-37%

3

71

Pearls, precious stones, metals, coins, etc

$41,392

$68,120

65%

7.9

25

Salt, sulphur, earth, stone, plaster, lime and cement

$54,278

$63,300

17%

5.8

84

Machinery, nuclear reactors, boilers, etc

$2,806

$19,130

582%

0

74

Copper and articles thereof

$279

$17,752

6263%

0

29

Organic chemicals

$20,343

$11,838

-42%

0.2

81

Other base metals, cermets, articles thereof

$10,016

$10,419

4%

4.8

28

Inorganic chemicals, precious metal compound, isotopes

$6,813

$9,665

42%

0.3

85

Electrical, electronic equipment

$12,652

$7,466

-41%

0

39

Plastics and articles thereof

$6,473

$7,242

12%

0.1


Table 3. represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Brazil. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Brazil

GDP in 2014, billion dollars

1,857.461

2,353.025

Estimated GDP in 2015, billion dollars

1,175.996

1,903.934

Inflation, average consumer prices, %

7.82

6.329

Volume of imported goods, billion dollars

282.6

229.1

Volume of exported goods, billion dollars

492.1

225.1

Unemployment rate, %

5.10

4.84

Population, millions

143.7

202.8


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