Overview: In February 2021 Brazil exported $16.2B and imported $15B, resulting in a positive trade balance of $1.15B. Between February 2020 and February 2021 the exports of Brazil have increased by $600M (3.85%) from $15.6B to $16.2B, while imports increased by $1.77B (13.4%) from $13.3B to $15B.
Trade: In February 2021, the top exports of Brazil were Iron Ore ($2.88B), Crude Petroleum ($1.61B), Soybeans ($1.13B), Raw Sugar ($608M), and Poultry Meat ($473M). In February 2021 the top imports of Brazil were Special Purpose Ships ($1.43B), Refined Petroleum ($536M), Telephones ($373M), Integrated Circuits ($371M), and Blood, antisera, vaccines, toxins and cultures ($362M).
Origins: In February 2021 the exports of Brazil were mainly from São Paulo ($3.18B), Minas Gerais ($2.21B), Pará ($2.07B), Rio de Janeiro ($1.38B), and Mato Grosso ($1.32B), while imports destinations were mainly São Paulo ($4.41B), Rio de Janeiro ($2.65B), Santa Catarina ($1.88B), Paraná ($989M), and Amazonas ($945M).
Destinations: In February 2021, Brazil exported mostly to China ($4.84B), United States ($1.7B), Argentina ($759M), Netherlands ($427M), and Chile ($368M), and imported mostly from China ($3.31B), United States ($2.05B), Brazil ($1.61B), Argentina ($888M), and Germany ($700M).
Growth: In February 2021, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($265M or 5.78%), Bahrain ($134M or 449%), and Italy ($109M or 53.4%), and product exports increase in Iron Ore ($1.4B or 94.4%), Raw Sugar ($224M or 58.3%), and Soybean Meal ($212M or 82.4%). In February 2021, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.04B or 181%), China ($944M or 39.9%), and Russia ($183M or 114%), and product imports increase in Electricity ($193M or 8.77k%), Potassic Fertilizers ($128M or 126%), and Telephones ($108M or 40.5%).