Spanish and Brazilian Elections Could Impact $5 Billion in Trade with Israel
Translated & summarized from Behadrei Haredim by baba
Upcoming elections in Spain and Brazil could impact nearly $5 billion in annual trade with Israel. Spain will hold snap elections on November 29, and Brazil's presidential runoff is scheduled for October 25. Despite political tensions, trade has continued due to EU and Mercosur frameworks. However, the political climate may influence corporate decisions on major projects and new collaborations.
The story in 6 lines · by baba
- Spanish and Brazilian elections could impact nearly $5 billion in annual trade with Israel.
- Spain will hold snap elections on November 29, while Brazil's presidential runoff is October 25.
- Trade with Spain was $2.9 billion in 2025, with $1 billion in Israeli exports.
- Trade with Brazil was $1.9 billion in 2025, with $1.3 billion in Israeli exports.
- Existing trade frameworks with the EU and Mercosur limit automatic changes to trade rules.
- The political climate may influence corporate decisions on large projects and new collaborations.
Upcoming elections in Spain and Brazil could significantly affect approximately $5 billion in annual trade with Israel. Spain is heading for snap elections on November 29, while Brazil will hold its presidential runoff on October 25 between incumbent President Lula da Silva and Senator Flavio Bolsonaro.
In 2025, trade between Israel and Spain reached about $2.9 billion, with Israeli exports accounting for $1 billion. Trade with Brazil totaled around $1.9 billion, including $1.3 billion in exports from Israel. Despite recent political tensions, trade with both nations has continued.
Spain operates under the European Union's trade framework, and Brazil is a member of Mercosur, with which Israel has a free trade agreement. These existing frameworks mean that changes in political relations do not automatically alter basic trade rules.
However, Ohad Cohen, former head of the Foreign Trade Administration at the Ministry of Economy, noted that the political climate can influence corporate decisions even without official trade restrictions. He suggested that this impact might be particularly noticeable in large projects, infrastructure tenders, banking activities, and new collaborations. Therefore, while changes in government might not immediately boost trade volumes, shifts in political relations could affect the willingness of Spanish and Brazilian companies to work with Israeli firms, participate in tenders, and expand their operations in Israel.
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