Overview In December 2022 Brazil exported $26.6B and imported $21.9B, resulting in a positive trade balance of $4.78B. Between December 2021 and December 2022 the exports of Brazil have increased by $2.29B (9.39%) from $24.4B to $26.6B, while imports increased by $1.45B (7.09%) from $20.4B to $21.9B.
Trade In December 2022, the top exports of Brazil were Crude Petroleum ($4.67B), Iron Ore ($2.07B), Corn ($1.87B), Soybeans ($1.25B), and Raw Sugar ($948M). In December 2022 the top imports of Brazil were Refined Petroleum ($2.57B), Crude Petroleum ($1.19B), Vaccines, blood, antisera, toxins and cultures ($630M), Nitrogenous Fertilizers ($609M), and Motor vehicles; parts and accessories (8701... ($513M).
Origins In December 2022 the exports of Brazil were mainly from São Paulo ($5.79B), Rio de Janeiro ($3.36B), Minas Gerais ($2.78B), Mato Grosso ($1.99B), and Rio Grande do Sul ($1.92B), while imports destinations were mainly São Paulo ($6.33B), Santa Catarina ($2.41B), Rio de Janeiro ($2.04B), Rio Grande do Sul ($1.69B), and Paraná ($1.65B).
Destinations In December 2022, Brazil exported mostly to China ($6.53B), United States ($3.6B), Argentina ($978M), Netherlands ($779M), and Chile ($704M), and imported mostly from China ($4.72B), United States ($3.84B), Germany ($1.09B), Argentina ($981M), and India ($906M).
Growth In December 2022, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to United States ($770M or 54%), Singapore ($399M or 128%), and India ($321M or 201%), and product exports increase in Soybeans ($1.22B or 5.24k%), Crude Petroleum ($560M or 35.2%), and Refined Petroleum ($546M or 140%). In December 2022, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from China ($1.64B or 47.1%), United States ($1.56B or 61.8%), and Saudi Arabia ($286M or 726%), and product imports increase in Petroleum Gas ($1.13B or 424%), Refined Petroleum ($582M or 66.7%), and Crude Petroleum ($440M or 455%).