Brazil / China

Overview In October 2023, Brazil exported $8.97B and imported $4.54B from China, resulting in a positive trade balance of $4.43B. Between October 2022 and October 2023 the exports of Brazil have increased by $2.37B (35.8%) from $6.61B to $8.97B, while imports decreased by $-933M (-17%) from $5.47B to $4.54B.

Trade In October 2023, the top exports of Brazil to China were Iron Ore ($1.11B), Soybeans ($997M), Crude Petroleum ($972M), Frozen Bovine Meat ($329M), and Sulfate Chemical Woodpulp ($239M). In October 2023 the top imports of Brazil from China were Semiconductor Devices ($429M), Telephones ($226M), Vaccines, blood, antisera, toxins and cultures ($176M), Nitrogen Heterocyclic Compounds ($144M), and Pesticides ($134M).

Origins In October 2023 the exports of Brazil were mainly from Rio de Janeiro ($1.58B), Minas Gerais ($1.29B), Pará ($1.03B), Mato Grosso ($886M), and Rio Grande do Sul ($749M), while imports destinations were mainly São Paulo ($1.28B), Santa Catarina ($892M), Minas Gerais ($363M), Paraná ($326M), and Espírito Santo ($276M).

Growth In October 2023, the increase in Brazil's year-by-year exports to China was explained primarily by an increase in product exports in Soybeans ($990M or 13.5k%), Sulfate Chemical Woodpulp ($103M or 75.9%), and Frozen Bovine Meat ($41.3M or 14.4%). In October 2023, the decrease in Brazil's year-by-year imports  from China was explained primarily by an decrease in product imports  in Electric Generating Sets ($-28.5M or -59.5%), Telephones ($-28M or -11%), and Computers ($-11.5M or -17.8%).