Overview In January 2023 Brazil exported $23B and imported $20.4B, resulting in a positive trade balance of $2.61B. Between January 2022 and January 2023 the exports of Brazil have increased by $3.25B (16.4%) from $19.8B to $23B, while imports increased by $581M (2.93%) from $19.8B to $20.4B.
Trade In January 2023, the top exports of Brazil were Crude Petroleum ($3.28B), Corn ($1.79B), Iron Ore ($1.78B), Refined Petroleum ($1.07B), and Raw Sugar ($870M). In January 2023 the top imports of Brazil were Refined Petroleum ($1.33B), Crude Petroleum ($1.01B), Vaccines, blood, antisera, toxins and cultures ($656M), Motor vehicles; parts and accessories (8701... ($582M), and Gas Turbines ($532M).
Origins In January 2023 the exports of Brazil were mainly from São Paulo ($4.77B), Rio de Janeiro ($2.87B), Minas Gerais ($2.7B), Mato Grosso ($1.72B), and Rio Grande do Sul ($1.71B), while imports destinations were mainly São Paulo ($6.14B), Santa Catarina ($2.37B), Rio de Janeiro ($1.86B), Rio Grande do Sul ($1.42B), and Paraná ($1.38B).
Destinations In January 2023, Brazil exported mostly to China ($5.14B), United States ($2.68B), Argentina ($1.06B), Netherlands ($1.04B), and Singapore ($812M), and imported mostly from China ($4.59B), United States ($3.11B), Germany ($1.13B), Argentina ($823M), and India ($559M).
Growth In January 2023, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to United States ($769M or 53.9%), 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 January 2023, 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%).