Overview In April 2023, Brazil exported $418M and imported $339M from Spain, resulting in a positive trade balance of $78.9M. Between April 2022 and April 2023 the exports of Brazil have decreased by $-368M (-46.8%) from $786M to $418M, while imports increased by $45M (15.3%) from $294M to $339M.
Trade In April 2023, the top exports of Brazil to Spain were Crude Petroleum ($131M), Soybeans ($63.6M), Soybean Meal ($46.4M), Corn ($18.6M), and Coffee ($18.2M). In April 2023 the top imports of Brazil from Spain were Refined Petroleum ($45.1M), Packaged Medicaments ($8.54M), Pitch Coke ($8.54M), Motor vehicles; parts and accessories (8701... ($8.01M), and Organo-Sulfur Compounds ($7.9M).
Origins In April 2023 the exports of Brazil were mainly from São Paulo ($101M), Mato Grosso ($73.2M), Goiás ($50.4M), Rondônia ($36M), and Tocantins ($27.9M), while imports destinations were mainly São Paulo ($103M), Bahia ($56.9M), Rio de Janeiro ($45.9M), Santa Catarina ($23.7M), and Paraná ($21.1M).
Growth In April 2023, the decrease in Brazil's year-by-year exports to Spain was explained primarily by an decrease in product exports in Iron Ore ($-13M or -46.4%), Sulfate Chemical Woodpulp ($-12.5M or -89.9%), and Glands and Other Organs ($-1.55M or -45.3%). In April 2023, the increase in Brazil's year-by-year imports from Spain was explained primarily by an increase in product imports in Sulfuric Acid ($7.18M or 18M%), Pesticides ($6.45M or 2.27k%), and Pitch Coke ($4.79M or 128%).