Brazil

Overview In September 2023 Brazil exported $28.4B and imported $19.5B, resulting in a positive trade balance of $8.9B. Between September 2022 and September 2023 the exports of Brazil have decreased by $-156M (-0.55%) from $28.6B to $28.4B, while imports decreased by $-5.37B (-21.6%) from $24.9B to $19.5B.

Trade In September 2023, the top exports of Brazil were Crude Petroleum ($3.92B), Soybeans ($3.3B), Iron Ore ($2.73B), Corn ($2B), and Raw Sugar ($1.6B). In September 2023 the top imports of Brazil were Refined Petroleum ($1.41B), Crude Petroleum ($681M), Pesticides ($591M), Gas Turbines ($589M), and Motor vehicles; parts and accessories (8701... ($563M).

Origins In September 2023 the exports of Brazil were mainly from São Paulo ($5.54B), Rio de Janeiro ($3.26B), Minas Gerais ($3.07B), Não Declarada ($2.74B), and Pará ($2.13B), while imports destinations were mainly São Paulo ($5.64B), Santa Catarina ($2.52B), Rio de Janeiro ($1.95B), Paraná ($1.48B), and Minas Gerais ($1.27B).

Destinations In September 2023, Brazil exported mostly to China ($9.27B), United States ($3.01B), Argentina ($1.16B), Netherlands ($942M), and Spain ($735M), and imported mostly from China ($4.83B), United States ($2.7B), Russia ($1.02B), Germany ($1.02B), and Argentina ($984M).

Growth In September 2023, the decrease in Brazil's year-by-year exports was explained primarily by an decrease in exports to Iran ($-481M or -76.4%), United States ($-374M or -11.1%), and Argentina ($-296M or -20.3%), and product exports decrease in Frozen Bovine Meat ($-324M or -28.5%), Sulfate Chemical Woodpulp ($-249M or -30.2%), and Soybean Oil ($-179M or -53.3%). In September 2023, the decrease in Brazil's year-by-year imports was explained primarily by an decrease in imports from United States ($-1.71B or -38.8%), China ($-983M or -16.9%), and India ($-565M or -51.1%), and product imports decrease in Refined Petroleum ($-1.24B or -46.7%), Crude Petroleum ($-363M or -34.7%), and Petroleum Gas ($-320M or -64.1%).