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2023
Exports $14.4BWorld Rnk 1 / 158
Flag Rnk 5 / 1207
2023
Destination $3.36B China
2022 - 2023
FASTEST GROWING MARKET $3.36BChina
2023
PRODUCT COMPLEXITY IN Corn-1.03Rnk 838 / 1025
2023
Imports $274MWorld Rnk 40 / 216
Flag Rnk 161 / 1200
2023
Origin $1.17M Paraguay
2022 - 2023
FASTEST GROWING ORIGIN $1.17MChile
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $14.4B in Corn, making it the 1st largest exporter of Corn in the world. At the same year, Corn was the 5th most exported product in Brazil. The main destination of Corn exports from Brazil are: China ($3.69B), Japan ($1.76B), Vietnam ($1.13B), South Korea ($866M), and Iran ($829M).

The fastest growing export markets for Corn of Brazil between 2022 and 2023 were China ($3.36B), Vietnam ($663M), and Japan ($520M).

Imports In 2023, Brazil imported $274M in Corn, becoming the 40th largest importer of Corn in the world. At the same year, Corn was the 161st most imported product in Brazil. Brazil imports Corn primarily from: Paraguay ($266M), United States ($2.68M), Argentina ($1.89M), Chile ($1.6M), and United Arab Emirates ($872k).

The fastest growing import markets in Corn for Brazil between 2022 and 2023 were Chile ($1.17M), South Africa ($19.4k), and Philippines ($14.8k).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Corn exports accounted up to $915M and imports accounted up to $32.1M, resulting in a positive trade balance of $883M. Between December 2023 and December 2024 the exports of Brazil's   Corn have decreased by $-461M (-33.5%) from $1.38B to $915M, while imports increased by $5.44M (20.4%) from $26.6M to $32.1M.

Destinations In December 2024, Corn were exported mostly to Egypt ($213M), Iran ($185M), Vietnam ($119M), Chinese Taipei ($83.5M), and Morocco ($55.1M), and were imported mostly from Paraguay ($30.6M), Argentina ($884k), and United States ($583k).

Growth In December 2024, the decrease in Corn's year-by-year exports was explained primarily by a decrease in exports to Japan ($-196M or -71.4%), Colombia ($-145M or -98.4%), and South Korea ($-108M or -59.9%). In December 2024, the increase in Corn's year-by-year imports was explained primarily by an increase in imports from United States ($2.2M or 1.09k%) and Argentina ($1.73M or 3.06k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-461M(-33.5%)
IMPORT GROWTH (December 2023 - December 2024)$5.44M(20.4%)
MAIN EXPORTER (December 2024)Mato Grosso$838M
MAIN DESTINATION (December 2024)Egypt$213M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$14.4B
IMPORTS (2023)$274M
NET TRADE (2023)$14.2B

In 2023, Brazil exported $14.4B in Corn. The main destinations of Brazil exports on Corn were China ($3.69B), Japan ($1.76B), Vietnam ($1.13B), South Korea ($866M), and Iran ($829M).

In 2023, Brazil imported $274M in Corn, mainly from Paraguay ($266M), United States ($2.68M), Argentina ($1.89M), Chile ($1.6M), and United Arab Emirates ($872k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
China$3.36B (1.03k%)
Vietnam$663M (141%)
Japan$520M (41.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Brazil WERE (2022 - 2023):
Iran-$1.18B (-58.8%)
Egypt-$683M (-61.3%)
Spain-$660M (-53.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Corn were:
United States $14.4B
Argentina $6.62B
In 2023, Brazil's main importing competitors in Corn were:
China $7.56B
Mexico $5.8B
Japan $4.52B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $301M
TOP IMPORT POTENTIALArgentina+ $66.6M

Corn’s highest export potential is China. With an export gap of $301M.   Corn’s highest import potential is Argentina with an import gap of $66.6M.

See methodology.

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