Overview In July 2021 Brazil exported $25.5B and imported $18.1B, resulting in a positive trade balance of $7.39B. Between July 2020 and July 2021 the exports of Brazil have increased by $6.07B (31.2%) from $19.5B to $25.5B, while imports increased by $6.63B (57.6%) from $11.5B to $18.1B.
Trade In July 2021, the top exports of Brazil were Iron Ore ($5.04B), Soybeans ($3.99B), Crude Petroleum ($1.95B), Soybean Meal ($873M), and Refined Petroleum ($849M). In July 2021 the top imports of Brazil were Refined Petroleum ($970M), Vehicle Parts ($640M), Crude Petroleum ($618M), Blood, antisera, vaccines, toxins and cultures ($525M), and Mixed Mineral or Chemical Fertilizers ($495M).
Origins In July 2021 the exports of Brazil were mainly from São Paulo ($4.04B), Minas Gerais ($3.8B), Pará ($2.91B), Rio Grande do Sul ($2.01B), and Rio de Janeiro ($1.89B), while imports destinations were mainly São Paulo ($5.92B), Santa Catarina ($2.07B), Rio de Janeiro ($1.84B), Paraná ($1.52B), and Rio Grande do Sul ($1.12B).
Destinations In July 2021, Brazil exported mostly to China ($8.32B), United States ($2.99B), Argentina ($1.08B), Netherlands ($856M), and Japan ($696M), and imported mostly from China ($3.91B), United States ($3.15B), Germany ($966M), Argentina ($914M), and India ($579M).
Growth In July 2021, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to United States ($1.29B or 75.6%), China ($1.1B or 15.2%), and Argentina ($379M or 54.1%), and product exports increase in Iron Ore ($2.64B or 110%), Soybeans ($530M or 15.3%), and Refined Petroleum ($437M or 106%). In July 2021, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from United States ($1.46B or 87.1%), China ($1.25B or 47.2%), and Germany ($364M or 60.6%), and product imports increase in Refined Petroleum ($519M or 115%), Vehicle Parts ($486M or 315%), and Crude Petroleum ($359M or 138%).