Direct Trade Impact of Brazil’s Recession

Brazil’s real GDP fell by 3.5 percent in 2015 and a similar decline is projected this year. Which countries suffer the most from Brazil’s recession in terms of impacted trade? Although Brazil’s share of global output (at market exchange rates) is only 2.5 percent, it is the largest economy in Latin America (36.4 percent of the region’s output). It is also a key trading partner for a few economies in South America. The table reports individual countries’ bilateral exports to Brazil as a share of

Source: Peterson Institute (PIIE)