Brazil / United States

Overview In February 2024, Brazil exported $2.65B and imported $2.79B from United States, resulting in a negative trade balance of $137M. Between February 2023 and February 2024 the exports of Brazil have increased by $226M (9.35%) from $2.42B to $2.65B, while imports decreased by $-79.5M (-2.77%) from $2.87B to $2.79B.

Trade In February 2024, the top exports of Brazil to United States were Semi-Finished Iron ($378M), Crude Petroleum ($255M), Sulfate Chemical Woodpulp ($135M), Large Construction Vehicles ($116M), and Pig Iron ($115M). In February 2024 the top imports of Brazil from United States were Refined Petroleum ($551M), Gas Turbines ($399M), Coal Briquettes ($121M), Ethylene Polymers ($119M), and Sodium or Potassium Peroxides ($83.8M).

Origins In February 2024 the exports of Brazil were mainly from São Paulo ($850M), Minas Gerais ($328M), Espírito Santo ($294M), Rio de Janeiro ($212M), and Rio Grande do Sul ($154M), while imports destinations were mainly São Paulo ($881M), Rio de Janeiro ($660M), Santa Catarina ($174M), Minas Gerais ($162M), and Rio Grande do Sul ($143M).

Growth In February 2024, the increase in Brazil's year-by-year exports to United States was explained primarily by an increase in product exports in Large Construction Vehicles ($69.2M or 146%), Pig Iron ($57.5M or 99.7%), and Sulfate Chemical Woodpulp ($57.4M or 73.6%). In February 2024, the decrease in Brazil's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Petroleum Gas ($-1.11B or -98.3%), Refined Petroleum ($-342M or -38.3%), and Crude Petroleum ($-51.4M or -43.4%).