Overview In January 2023, Brazil exported $2.68B and imported $3.11B from United States, resulting in a negative trade balance of $427M. Between January 2022 and January 2023 the exports of Brazil have increased by $488M (22.2%) from $2.2B to $2.68B, while imports decreased by $-972M (-23.8%) from $4.08B to $3.11B.
Trade In January 2023, the top exports of Brazil to United States were Semi-Finished Iron ($321M), Crude Petroleum ($273M), Coffee ($138M), Sulfate Chemical Woodpulp ($78M), and Frozen Bovine Meat ($77.2M). In January 2023 the top imports of Brazil from United States were Petroleum Gas ($1.13B), Refined Petroleum ($893M), Gas Turbines ($354M), Crude Petroleum ($118M), and Coal Briquettes ($98.4M).
Origins In January 2023 the exports of Brazil were mainly from São Paulo ($805M), Rio de Janeiro ($412M), Minas Gerais ($340M), Espírito Santo ($276M), and Ceará ($117M), while imports destinations were mainly São Paulo ($980M), Rio de Janeiro ($596M), Bahia ($244M), Santa Catarina ($185M), and Minas Gerais ($145M).
Growth In January 2023, the increase in Brazil's year-by-year exports to United States was explained primarily by an increase in product exports in Semi-Finished Iron ($245M or 322%), Crude Petroleum ($186M or 213%), and Frozen Bovine Meat ($70.5M or 1.04k%). In January 2023, the decrease in Brazil's year-by-year imports from United States was explained primarily by an decrease in product imports in Nitrogen Heterocyclic Compounds ($-23.9M or -54.2%), Pesticides ($-18.3M or -40.7%), and Alcohol > 80% ABV ($-16.1M or -80.2%).