The trade relationship between Brazil and Russia surged to ~$13 billion in 2024, driven by Russian investment in Brazilian industry and Brazil’s rising exports to Russia, reflecting their strategic realignment away from Western-dominated trade systems.
Brazil and Russia have recorded a 20% year-on-year increase in bilateral trade, reaching approximately US$13 billion in 2024 as both nations deepen economic ties.
Russia is increasingly investing in Brazil’s industrial sectors, including nuclear energy and uranium processing, while Brazil is expanding exports of coffee, sugar and dairy products into Russian markets — part of a strategic shift toward BRICS-oriented trade flows.
In energy cooperation, Russian companies secured contracts for uranium and oil supplies to Brazil, and new shipping routes and logistic frameworks were established to facilitate the growing trade volume — signalling a broader pivot away from traditional Western markets.