Brazil / Venezuela

Overview In February 2024, Brazil exported $85.7M and imported $35.2M from Venezuela, resulting in a positive trade balance of $50.5M. Between February 2023 and February 2024 the exports of Brazil have increased by $10.2M (13.5%) from $75.6M to $85.7M, while imports decreased by $-4.4M (-11.1%) from $39.6M to $35.2M.

Trade In February 2024, the top exports of Brazil to Venezuela were Malt Extract ($18.8M), Soybean Oil ($15.4M), Raw Sugar ($9.65M), Rice ($8.52M), and Sausages ($7.11M). In February 2024 the top imports of Brazil from Venezuela were Nitrogenous Fertilizers ($17.8M), Raw Aluminium ($11.4M), Acyclic Alcohols ($2.45M), Molybdenum Ore ($1.57M), and Carbon ($997k).

Origins In February 2024 the exports of Brazil were mainly from Roraima ($18.7M), São Paulo ($17.9M), Amazonas ($9.09M), Mato Grosso ($9.02M), and Rio Grande do Sul ($7.25M), while imports destinations were mainly Santa Catarina ($21.2M), Maranhão ($8.91M), Rondônia ($2.6M), Paraná ($2.2M), and São Paulo ($249k).

Growth In February 2024, the increase in Brazil's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Malt Extract ($8.16M or 77%), Soybean Oil ($4.1M or 36.4%), and Rice ($2.11M or 32.9%). In February 2024, the decrease in Brazil's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in Acyclic Alcohols ($-4.98M or -67%) and Low-voltage Protection Equipment ($-1.01k or -56.8%).