Corn in Brazil 2020 Exports | Imports : $5.95B | $215M, World Rnk 3 / 154 Rnk 7 / 1202 | World Rnk 37 / 208 Rnk 156 / 1194
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Corn: -0.95, Rnk 825 / 1029
Exports In 2020, Brazil exported $5.95B in Corn, making it the 3rd largest exporter of Corn in the world. At the same year, Corn was the 7th most exported product in Brazil. The main destination of Corn exports from Brazil are: Iran ($745M), Japan ($712M), Vietnam ($633M), Egypt ($552M), and South Korea ($418M).
The fastest growing export markets for Corn of Brazil between 2019 and 2020 were Algeria ($74.7M), Turkey ($33.1M), and Israel ($23.6M).
Imports In 2020, Brazil imported $215M in Corn, becoming the 37th largest importer of Corn in the world. At the same year, Corn was the 156th most imported product in Brazil. Brazil imports Corn primarily from: Paraguay ($187M), Argentina ($19.3M), United States ($6.14M), Jordan ($1.91M), and Bolivia ($601k).
Tariffs In 2017, the average tariff for Brazil in Corn was 5.14%. The countries with the highest import tariffs for Corn were India (Preferential tariff for India, 7.2%), Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 6.4%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 5.76%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 5.76%), and Angola (Most Favoured Nation duty rate treatement, 5.33%).
December 2022
Overview In December 2022 Brazil's Corn exports accounted up to $1.87B and imports accounted up to $54.2M, resulting in a positive trade balance of $1.82B. Between December 2021 and December 2022 the exports of Brazil's Corn have increased by $1.07B (132%) from $807M to $1.87B, while imports decreased by $-55.7M (-50.7%) from $110M to $54.2M.
Destinations In December 2022, Corn were exported mostly to China ($310M), Iran ($232M), Spain ($219M), Japan ($136M), and South Korea ($123M), and were imported mostly from Paraguay ($53.3M), Argentina ($464k), United States ($379k), and South Africa ($35k).
Growth In December 2022, the increase in Corn's year-by-year exports was explained primarily by an increase in exports to Iran ($97.9M or 327%), South Korea ($58.2M or 122%), and Egypt ($38.6M or 33.8%). In December 2022, the decrease in Corn's year-by-year imports was explained primarily by a decrease in imports from Paraguay ($-28.8M or -65.6%).
EXPORT GROWTH (December 2021 - December 2022): $1.07B, (132%)
IMPORT GROWTH (December 2021 - December 2022): $-55.7M, (-50.7%)
MAIN EXPORTER (December 2022): Mato Grosso, $941M
MAIN DESTINATION (December 2022): China, $310M
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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EXPORTS (2020): $5.95B
IMPORTS (2020): $215M
NET TRADE (2020): $5.73B
In 2020, Brazil exported $5.95B in Corn. The main destinations of Brazil exports on Corn were Iran ($745M), Japan ($712M), Vietnam ($633M), Egypt ($552M), and South Korea ($418M).
In 2020, Brazil imported $215M in Corn, mainly from Paraguay ($187M), Argentina ($19.3M), United States ($6.14M), Jordan ($1.91M), and Bolivia ($601k).
In 2020, Brazil's main exporting competitors in Corn were:
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