Brazil / Philippines

Overview In February 2024, Brazil exported $134M and imported $21M from Philippines, resulting in a positive trade balance of $113M. Between February 2023 and February 2024 the exports of Brazil have increased by $75.2M (128%) from $58.6M to $134M, while imports decreased by $-2.67M (-11.3%) from $23.6M to $21M.

Trade In February 2024, the top exports of Brazil to Philippines were Iron Ore ($30.8M), Poultry Meat ($17M), Frozen Bovine Meat ($11.1M), Pig Meat ($6.59M), and Explosive Ammunition ($4.99M). In February 2024 the top imports of Brazil from Philippines were Industrial Printers ($6.3M), Integrated Circuits ($4.5M), Computers ($2.33M), Video Displays ($2.19M), and Electrical Transformers ($1.26M).

Origins In February 2024 the exports of Brazil were mainly from Santa Catarina ($31.8M), Rio Grande do Sul ($31.2M), São Paulo ($20.9M), Pará ($19.9M), and Paraná ($15.7M), while imports destinations were mainly São Paulo ($11.5M), Amazonas ($2.14M), Rio de Janeiro ($2.12M), Espírito Santo ($1.39M), and Santa Catarina ($1.19M).

Growth In February 2024, the increase in Brazil's year-by-year exports to Philippines was explained primarily by an increase in product exports in Iron Ore ($7.41M or 31.7%), Poultry Meat ($6.13M or 56.6%), and Edible Offal ($802k or 381%). In February 2024, the decrease in Brazil's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Computers ($-1.18M or -33.7%), Blank Audio Media ($-709k or -99.9%), and Revolution Counters ($-488k or -49%).