Overview In February 2023 Brazil exported $20.6B and imported $17.7B, resulting in a positive trade balance of $2.83B. Between February 2022 and February 2023 the exports of Brazil have decreased by $-2.95B (-12.6%) from $23.5B to $20.6B, while imports decreased by $-1.16B (-6.13%) from $18.9B to $17.7B.
Trade In February 2023, the top exports of Brazil were Soybeans ($2.88B), Iron Ore ($2.01B), Crude Petroleum ($1.2B), Refined Petroleum ($961M), and Soybean Meal ($710M). In February 2023 the top imports of Brazil were Refined Petroleum ($1.66B), Crude Petroleum ($744M), Vaccines, blood, antisera, toxins and cultures ($573M), Motor vehicles; parts and accessories (8701... ($518M), and Gas Turbines ($467M).
Origins In February 2023 the exports of Brazil were mainly from São Paulo ($4.24B), Minas Gerais ($2.38B), Mato Grosso ($2.12B), Paraná ($1.61B), and Pará ($1.43B), while imports destinations were mainly São Paulo ($5.18B), Santa Catarina ($2.14B), Rio de Janeiro ($1.69B), Paraná ($1.41B), and Minas Gerais ($1.11B).
Destinations In February 2023, Brazil exported mostly to China ($5.1B), United States ($2.38B), Argentina ($1.32B), Netherlands ($657M), and Mexico ($651M), and imported mostly from China ($3.71B), United States ($2.85B), Argentina ($944M), Germany ($942M), and Russia ($550M).
Growth In February 2023, the decrease in Brazil's year-by-year exports was explained primarily by an decrease in exports to Malaysia ($-166M or -40.6%), Indonesia ($-74.4M or -25%), and Thailand ($-64.5M or -49.5%), and product exports decrease in Iron Ore ($-860M or -30.7%), Copper Ore ($-154M or -68.8%), and Raw Sugar ($-90.3M or -14.8%). In February 2023, the decrease in Brazil's year-by-year imports was explained primarily by an decrease in imports from Japan ($-295M or -43.2%), Paraguay ($-83.2M or -29%), and Italy ($-73.9M or -17.7%), and product imports decrease in Copper Ore ($-63.4M or -86.5%), Platinum ($-42.6M or -53.3%), and Radioactive Chemicals ($-35.9M or -94.7%).