Brazil

Overview In August 2024 Brazil exported $29.1B and imported $24.3B, resulting in a positive trade balance of $4.83B. Between August 2023 and August 2024 the exports of Brazil have decreased by $-2.02B (-6.5%) from $31.1B to $29.1B, while imports increased by $2.78B (13%) from $21.5B to $24.3B.

Trade In August 2024, the top exports of Brazil were Crude Petroleum ($3.68B), Soybeans ($3.51B), Iron Ore ($2.47B), Raw Sugar ($1.79B), and Refined Petroleum ($1.39B). In August 2024 the top imports of Brazil were Refined Petroleum ($1.48B), Motor vehicles; parts and accessories (8701... ($771M), Gas Turbines ($740M), Cars ($617M), and Crude Petroleum ($604M).

Origins In August 2024 the exports of Brazil were mainly from São Paulo ($5.62B), Rio de Janeiro ($3.4B), Minas Gerais ($3.34B), Não Declarada ($2.86B), and Paraná ($2.22B), while imports destinations were mainly São Paulo ($6.94B), Santa Catarina ($3.08B), Rio de Janeiro ($2.47B), Paraná ($1.81B), and Minas Gerais ($1.69B).

Destinations In August 2024, Brazil exported mostly to China ($7.48B), United States ($3.41B), Argentina ($1.18B), Singapore ($1.18B), and Spain ($972M), and imported mostly from China ($5.81B), United States ($3.82B), Germany ($1.27B), Argentina ($1.17B), and Russia ($1.02B).

Growth In August 2024, the decrease in Brazil's year-by-year exports was explained primarily by an decrease in exports to China ($-1.86B or -19.9%), Mexico ($-323M or -37%), and Argentina ($-246M or -17.2%), and product exports decrease in Corn ($-1.05B or -47%), Soybeans ($-687M or -16.4%), and Iron Ore ($-391M or -13.7%). In August 2024, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from China ($800M or 15.9%), United States ($605M or 18.8%), and Japan ($208M or 49%), and product imports increase in Petroleum Gas ($342M or 242%), Gas Turbines ($248M or 50.3%), and Vaccines, blood, antisera, toxins and cultures ($246M or 72.4%).