Overview: In May 2020 Brazil exported $17.9B and imported $13.4B, resulting in a positive trade balance of $4.55B. Between May 2019 and May 2020 the exports of Brazil have decreased by $-2.65B (-12.9%) from $20.6B to $17.9B, while imports decreased by $-1.58B (-10.5%) from $15B to $13.4B.
Trade: In May 2020 the top exports of Brazil were Soybeans ($5.14B), Iron Ore ($1.36B), Crude Petroleum ($1.27B), Raw Sugar ($767M), and Soybean Meal ($649M). In May 2020 the top imports of Brazil were Special Purpose Ships ($2.73B), Flexible Metal Tubing ($644M), Blood, antisera, vaccines, toxins and cultures ($315M), Refined Petroleum ($298M), and Telephones ($296M).
Origins: In May 2020 the exports of Brazil were mainly from São Paulo ($2.95B), Minas Gerais ($2.14B), Mato Grosso ($1.59B), Rio de Janeiro ($1.34B), and Rio Grande do Sul ($1.29B), while imports destinations were mainly Rio de Janeiro ($3.76B), São Paulo ($3.55B), Santa Catarina ($1.03B), Espírito Santo ($764M), and Paraná ($744M).
Destinations: In May 2020 Brazil exported mostly to China ($7B), United States ($1.58B), Netherlands ($821M), Argentina ($449M), and Spain ($397M), and imported mostly from Brazil ($3.47B), China ($2.51B), United States ($1.55B), Germany ($613M), and Argentina ($397M).
Growth: In May 2020, the decrease in Brazil's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.5B or -48.7%), Argentina ($-562M or -55.6%), and Mexico ($-222M or -49.6%), and product exports decrease in Crude Petroleum ($-892M or -41.3%), Iron Ore ($-582M or -29.9%), and Planes, Helicopters, and/or Spacecraft ($-357M or -99.8%). In May 2020, the decrease in Brazil's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.25B or -44.6%), Argentina ($-497M or -55.6%), and Germany ($-335M or -35.3%), and product imports decrease in Refined Petroleum ($-821M or -73.4%), Crude Petroleum ($-417M or -84.2%), and Vehicle Parts ($-243M or -56.7%).