Trade Trend

In 2023, Brazil's total export value is 339.67Billion USD, total import value is 252.75Billion USD, Surplus is 86.92Billion USD, and foreign trade dependency is 0.273. In 2023，Brazil's top export products are Soya beans, whether or not broken(53.24Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(42.54Billion USD), Iron ores and concentrates; including roasted iron pyrites(30.53Billion USD), top export destinations are China(104.31Billion USD), United States(36.87Billion USD), Argentina(16.72Billion USD). In 2023, Brazil's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(18.53Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(9.38Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(7.59Billion USD), top import origins are China(55.98Billion USD), United States(39.73Billion USD), Germany(13.62Billion USD).

Comparing to 2022, Brazil's total export value increased 5.54Billion USD(1.66%) in 2023, this could result from its export increases of products such as Soya beans, whether or not broken(6.68Billion USD or 14.35%), Cane or beet sugar and chemically pure sucrose, in solid form(4.74Billion USD or 43.02%), Iron ores and concentrates; including roasted iron pyrites(1.60Billion USD or 5.55%) and export increases to countries/economics such as China(14.88Billion USD or 16.64%), Mexico(1.52Billion USD or 21.61%), Argentina(1.37Billion USD or 8.94%). Comparing to 2022, Brazil's total import value decreased -39.49Billion USD(-13.51%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-6.13Billion USD or -24.87%), Petroleum gases and other gaseous hydrocarbons(-4.12Billion USD or -62.20%), Fertilizers; mineral or chemical, potassic(-3.96Billion USD or -41.24%), and its import decreases from countries/economies such as United States(-14.18Billion USD or -26.31%), China(-11.78Billion USD or -17.39%), India(-2.40Billion USD or -25.02%).

Cumulated to first 7 months of 2024, Brazil's total export value is 139.11Billion USD, total import value is 108.27Billion USD, and tradesurplus is 30.85Billion USD. Cumulated to first 7 months of 2024, Brazil's top export products are Soya beans, whether or not broken(21.79Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(20.67Billion USD), Iron ores and concentrates; including roasted iron pyrites(12.86Billion USD), and top export destinations are China(42.37Billion USD), United States(16.01Billion USD), Argentina(5.00Billion USD). Cumulated to first 7 months of 2024, Brazil's top import products are Soya beans, whether or not broken(21.79Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(20.67Billion USD), Iron ores and concentrates; including roasted iron pyrites(12.86Billion USD), and top import origins areChina(24.76Billion USD), United States(16.88Billion USD), Germany(5.80Billion USD).