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2023
Flag → Flag
Exports $39.9BRnk 12 / 220
2023
Flag → Flag
Top Product $5.04BRefined Petroleum
2023
Flag → Flag
Exports $37BRnk 2 / 221
2023
Flag → Flag
Top Product $5.38BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
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Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
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GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
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GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$10,295CURRENT US$
Rnk 89 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

United States-Brazil Trade: In 2023, United States exported $39.9B to Brazil. The main products that United States exported to Brazil were Refined Petroleum ($5.04B), Gas Turbines ($4.66B), and Coal Briquettes ($1.78B). Over the past 5 years the exports of United States to Brazil have increased at an annualized rate of 3.11%, from $34.2B in 2018 to $39.9B in 2023.

In 2017, United States exported services to Brazil worth $23B, with Travel ($8.37B), Financial services ($3.96B), and Other business services ($2.99B) being the largest in terms of value.

Brazil-United States Trade: In 2023, Brazil exported $37B to United States. The main products that Brazil exported to United States were Crude Petroleum ($5.38B), Refined Petroleum ($1.94B), and Semi-Finished Iron ($1.7B). Over the past 5 years the exports of Brazil to United States have increased at an annualized rate of 4.05%,  from $29.1B in 2018 to $37B in 2023.

In 2023, Brazil did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Company data: In 2023, leading companies such as Telamon (1.8k), Pirelli Tires (1.41k), and Goodyear Tire and Rubber (1.39k) were at the forefront of exporting goods from Brazil to the United States. Conversely, Other (3.43k), Tupy S/a (1.79k), and Pirelli Pneus Ltda (1.41k) were notable for importing products to Brazil from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $4.23B and imported $3.95B from Brazil, resulting in a positive trade balance of $281M. Between November 2023 and November 2024 the exports of United States have increased by $625M (17.3%) from $3.61B to $4.23B, while imports increased by $344M (9.52%) from $3.61B to $3.95B.

Trade In November 2024, the top exports of United States to Brazil were Aircraft parts (gliders, balloons, and powered... ($517M), Refined Petroleum ($436M), Packaged Medicaments ($114M), Ethylene Polymers ($109M), and Coal Briquettes ($108M). In November 2024 the top imports of United States from Brazil were Crude Petroleum ($396M), Sulfate Chemical Woodpulp ($203M), Commodities not elsewhere specified ($167M), Coffee ($158M), and Pig Iron ($148M).

Origins In November 2024 the exports of United States were mainly from Texas ($1.13B), Florida ($520M), Kentucky ($368M), Illinois ($267M), and Louisiana ($230M), while imports destinations were mainly California ($792M), Florida ($524M), Texas ($481M), Illinois ($365M), and New Jersey ($265M).

Growth In November 2024, the increase in United States's year-by-year exports to Brazil was explained primarily by an increase in product exports in Packaged Medicaments ($69.3M or 155%), Potassic Fertilizers ($30.8M or 125%), and Pesticides ($28.6M or 55.9%). In November 2024, the increase in United States's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Crude Petroleum ($117M or 42.2%), Sulfate Chemical Woodpulp ($93.7M or 85.5%), and Refined Petroleum ($56.7M or 5.01k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$625M(17.3%)
IMPORT GROWTH (November 2023 - November 2024)$344M(9.52%)
MAIN EXPORTER (November 2024)Texas$1.13B

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Brazil and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $39.9B to Brazil. The main products exported from United States to Brazil were Refined Petroleum ($5.04B), Gas Turbines ($4.66B), and Coal Briquettes ($1.78B). During the last 5 years the exports of United States to Brazil have increased at an annualized rate of 3.11%, from $34.2B in 2018 to $39.9B in 2023.

In 2018, Brazil exported $37B to United States. The main products exported from Brazil to United States were Crude Petroleum ($5.38B), Refined Petroleum ($1.94B), and Semi-Finished Iron ($1.7B). During the last 5 years the exports of Brazil to United States have increased at an annualized rate of 4.05%, from $29.1B in 2023 to $37B in 2018.

Exports from United States (Flag) to Brazil (Flag) (2023)

Exports from Brazil (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Brazil
Top DestinationChina$106B

This map shows whether countries import more from United States or Brazil. Each country is colored based on the difference in imports they receive from United States and Brazil or the difference in the growth in imports.

In 2023, countries that imported more from United States than Brazil included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

In 2023, countries that imported more from Brazil than United States included Argentina ($17.2B), Paraguay ($3.9B), and Iran ($2.3B).

Difference in imports from Brazil (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Brazil

Flow
Scale

This chart compares trade between United States and Brazil by product, considering products traded by both, United States and Brazil.

During 2023, United States had a large net trade with Brazil in the exports of Machines ($10.9B), Mineral Products ($10.1B), and Chemical Products ($8.09B).

During 2018, Brazil had a large net trade with United States in the exports of Mineral Products ($8B), Metals ($6.17B), and Machines ($4.47B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Brazil+$434MCrude Petroleum
Top Product Potential Brazil United States+$2.62BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Brazil. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Brazil (Flag) (2023)

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