Brazil / Saudi Arabia

Overview In February 2024, Brazil exported $272M and imported $198M from Saudi Arabia, resulting in a positive trade balance of $73.4M. Between February 2023 and February 2024 the exports of Brazil have increased by $31.1M (12.9%) from $241M to $272M, while imports decreased by $-2.46M (-1.23%) from $201M to $198M.

Trade In February 2024, the top exports of Brazil to Saudi Arabia were Poultry Meat ($77.6M), Corn ($53.8M), Wheat ($45.8M), Raw Sugar ($22.7M), and Frozen Bovine Meat ($9.72M). In February 2024 the top imports of Brazil from Saudi Arabia were Crude Petroleum ($163M), Cyclic Hydrocarbons ($27M), Mixed Mineral or Chemical Fertilizers ($22.7M), Nitrogenous Fertilizers ($18M), and Propylene Polymers ($9.09M).

Origins In February 2024 the exports of Brazil were mainly from Minas Gerais ($51.1M), Mato Grosso ($34.7M), São Paulo ($33.6M), Espírito Santo ($31M), and Paraná ($27.3M), while imports destinations were mainly Rio de Janeiro ($164M), Santa Catarina ($11.2M), Amazonas ($7.71M), São Paulo ($4.82M), and Minas Gerais ($3.73M).

Growth In February 2024, the increase in Brazil's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Poultry Meat ($46.6M or 150%), Corn ($32.9M or 158%), and Raw Sugar ($7.07M or 45.2%). In February 2024, the decrease in Brazil's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Crude Petroleum ($-86.4M or -34.6%), Refined Petroleum ($-35.2M or -99.8%), and Propylene Polymers ($-2.89M or -24.1%).