Brazil / Mexico

Overview In February 2024, Brazil exported $562M and imported $359M from Mexico, resulting in a positive trade balance of $203M. Between February 2023 and February 2024 the exports of Brazil have decreased by $-12.5M (-2.18%) from $574M to $562M, while imports decreased by $-6.36M (-1.74%) from $365M to $359M.

Trade In February 2024, the top exports of Brazil to Mexico were Corn ($81.1M), Cars ($45.2M), Engine Parts ($23.3M), Iron Ore ($23M), and Poultry Meat ($21.6M). In February 2024 the top imports of Brazil from Mexico were Motor vehicles; parts and accessories (8701... ($54.8M), Delivery Trucks ($38.8M), Cars ($38.4M), Recreational Boats ($28.8M), and Computers ($17.2M).

Origins In February 2024 the exports of Brazil were mainly from São Paulo ($205M), Paraná ($67.5M), Santa Catarina ($41.8M), Minas Gerais ($40.9M), and Rio Grande do Sul ($38.5M), while imports destinations were mainly São Paulo ($137M), Rio de Janeiro ($51.1M), Santa Catarina ($40.8M), Pernambuco ($33.2M), and Espírito Santo ($28.8M).

Growth In February 2024, the decrease in Brazil's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Semi-Finished Iron ($-23M or -67.6%), Telephones ($-4.56M or -82.7%), and Sawn Wood ($-4.38M or -32.7%). In February 2024, the decrease in Brazil's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Polycarboxylic Acids ($-4.21M or -59.3%), Silver ($-3.45M or -99.2%), and Computers ($-2.89M or -14.4%).