Overview In March 2022 Brazil exported $29.1B and imported $21.7B, resulting in a positive trade balance of $7.35B. Between March 2021 and March 2022 the exports of Brazil have increased by $4.73B (19.5%) from $24.3B to $29.1B, while imports increased by $3.85B (21.5%) from $17.9B to $21.7B.
Trade In March 2022, the top exports of Brazil were Soybeans ($6.48B), Crude Petroleum ($3.09B), Iron Ore ($2.79B), Refined Petroleum ($1.02B), and Frozen Bovine Meat ($930M). In March 2022 the top imports of Brazil were Refined Petroleum ($1.33B), Crude Petroleum ($759M), Vehicle Parts ($710M), Petroleum Gas ($710M), and Semiconductor Devices ($624M).
Origins In March 2022 the exports of Brazil were mainly from São Paulo ($5.59B), Minas Gerais ($3.69B), Rio de Janeiro ($3.14B), Mato Grosso ($2.99B), and Pará ($1.98B), while imports destinations were mainly São Paulo ($6.62B), Santa Catarina ($2.34B), Rio de Janeiro ($2.21B), Paraná ($1.81B), and Minas Gerais ($1.3B).
Destinations In March 2022, Brazil exported mostly to China ($9.17B), United States ($2.9B), Argentina ($1.2B), Netherlands ($1.04B), and Chile ($815M), and imported mostly from China ($5.05B), United States ($3.81B), Argentina ($973M), Germany ($934M), and South Korea ($615M).
Growth In March 2022, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($473M or 12.9%), Argentina ($166M or 28%), and Indonesia ($163M or 122%), and product exports increase in Iron Ore ($1.06B or 60.8%), Raw Sugar ($138M or 29.3%), and Coffee ($110M or 30.6%). In March 2022, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from Japan ($330M or 93.3%), Paraguay ($172M or 148%), and Argentina ($133M or 20.1%), and product imports increase in Electricity ($294M or 8.48k%), Vehicle Parts ($166M or 44.5%), and Gas Turbines ($165M or 166%).