2019 Exports | Imports: $7.39B | $207M, World Rnk 2 / 155
Rnk 4 / 1199 | World Rnk 34 / 210 Rnk 166 / 1196
2019 Destination | Origin: $1.11B | $183M, Japan | Paraguay
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.07B | $74.1M, Japan | Paraguay
2019 ECONOMIC COMPLEXITY of Brazil: 0.64, Rnk 44 / 157
2019 PRODUCT COMPLEXITY IN Corn: -1.08, Rnk 855 / 1029
Exports: In 2019, Brazil exported $7.39B in Corn, making it the 2nd largest exporter of Corn in the world. At the same year, Corn was the 4th most exported product in Brazil. The main destination of Corn exports from Brazil are: Japan ($1.11B), Iran ($972M), Vietnam ($661M), South Korea ($588M), and Egypt ($551M).
The fastest growing export markets for Corn of Brazil between 2018 and 2019 were Japan ($1.07B), South Korea ($384M), and Chinese Taipei ($366M).
Imports: In 2019, Brazil imported $207M in Corn, becoming the 34th largest importer of Corn in the world. At the same year, Corn was the 166th most imported product in Brazil. Brazil imports Corn primarily from: Paraguay ($183M), Argentina ($17.4M), United States ($6.01M), Bolivia ($570k), and Mexico ($36.1k).
The fastest growing import markets in Corn for Brazil between 2018 and 2019 were Paraguay ($74.1M), Bolivia ($216k), and Spain ($17.1k).
Tariffs: In 2017, the average tariff for Brazil in Corn was 5.14%. The countries with the highest import tariffs for Corn were India (7.2%), Mexico (6.4%), Cuba (5.76%), Panama (5.76%), and Angola (5.33%).
Overview: In February 2021 Brazil's Corn exports accounted up to $179M and imports accounted up to $50.7M, resulting in a positive trade balance of $128M. Between February 2020 and February 2021 the exports of Brazil's Corn have increased by $109M (156%) from $69.9M to $179M, while imports increased by $37.4M (282%) from $13.3M to $50.7M.
Destinations: In February 2021 Corn exported mostly to Iran ($61.1M), Egypt ($50.1M), Vietnam ($30.9M), Malaysia ($11.9M), and Algeria ($8.23M), and imported mostly from Paraguay ($50.3M), Argentina ($348k), South Africa ($53.7k), United States ($14.2k), and Mexico ($2.31k).
Growth: In February 2021, the increase in Corn's year-by-year exports was explained primarily by an increase in exports to Egypt ($47.1M or 1.55k%), Vietnam ($22.9M or 290%), and Iran ($22.6M or 58.9%). In February 2021, the increase in Corn's year-by-year imports was explained primarily by an increase in imports from N/A.
EXPORT GROWTH (February 2020 - February 2021): $109M, (156%)
IMPORT GROWTH (February 2020 - February 2021): $37.4M, (282%)
MAIN EXPORTER (February 2021): Mato Grosso, $75.1M
MAIN DESTINATION (February 2021): Iran, $61.1M
This section shows Corn's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Corn over time.
EXPORTS (2019): $7.39B
IMPORTS (2019): $207M
NET TRADE (2019): $7.19B
In 2019, Brazil exported $7.39B in Corn. The main destinations of Brazil exports on Corn were Japan ($1.11B), Iran ($972M), Vietnam ($661M), South Korea ($588M), and Egypt ($551M).
In 2019, Brazil imported $207M in Corn, mainly from Paraguay ($183M), Argentina ($17.4M), United States ($6.01M), Bolivia ($570k), and Mexico ($36.1k).
THE FASTEST GROWING Corn EXPORT MARKETS FOR Brazil WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Brazil WERE (2018 - 2019):
In 2018, Brazil's main exporting competitors in Corn were:
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