brasil's second biggest source of external investment was Spain for a few years in the 21st century, which is a sign of how the two countries' relationship remains very strong - in 2013 two way trade totaled 8.03 billion US dollars, making commerce one of the strongest areas of bilateral cooperation.

Brazil and spain are also tightly connected in the science without borders programs which enables brazilian students to enroll in spanish establishments for a limited time, or for the whole duration of the learning program.