Overview: In July 2020 Brazil exported $19.6B and imported $11.5B, resulting in a positive trade balance of $8.06B. Between July 2019 and July 2020 the exports of Brazil have decreased by $-584M (-2.9%) from $20.2B to $19.6B, while imports decreased by $-6.25B (-35.2%) from $17.8B to $11.5B.
Trade: In July 2020 the top exports of Brazil were Soybeans ($3.61B), Iron Ore ($2.39B), Crude Petroleum ($1.79B), Raw Sugar ($964M), and Corn ($666M). In July 2020 the top imports of Brazil were Refined Petroleum ($451M), Pesticides ($447M), Telephones ($400M), Valves ($339M), and Integrated Circuits ($321M).
Origins: In July 2020 the exports of Brazil were mainly from São Paulo ($3.2B), Minas Gerais ($2.13B), Pará ($2B), Rio de Janeiro ($1.68B), and Rio Grande do Sul ($1.56B), while imports destinations were mainly São Paulo ($4.07B), Santa Catarina ($1.07B), Rio de Janeiro ($1.05B), Paraná ($962M), and Amazonas ($744M).
Destinations: In July 2020 Brazil exported mostly to China ($7.2B), United States ($1.72B), Argentina ($701M), Netherlands ($570M), and Spain ($452M), and imported mostly from China ($2.66B), United States ($1.68B), Germany ($601M), Argentina ($554M), and Brazil ($554M).
Growth: In July 2020, the decrease in Brazil's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.03B or -37.4%), Netherlands ($-207M or -26.6%), and Japan ($-181M or -30.5%), and product exports decrease in Corn ($-353M or -34.6%), Poultry Meat ($-182M or -28.9%), and Iron Ore ($-170M or -6.65%). In July 2020, the decrease in Brazil's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.46B or -46.5%), Brazil ($-654M or -54.1%), and Germany ($-372M or -38.2%), and product imports decrease in Refined Petroleum ($-1.11B or -71%), Special Purpose Ships ($-611M or -100%), and Flexible Metal Tubing ($-564M or -65.4%).