Rio Grande do Sul

Overview In October 2024 Rio Grande do Sul exported $2.3B and imported $1.18B, resulting in a positive trade balance of $1.12B. Between October 2023 and October 2024 the exports of Rio Grande do Sul have increased by $51.5M (2.29%) from $2.25B to $2.3B, while imports decreased by $-215M (-15.4%) from $1.4B to $1.18B.

Trade In October 2024, the top exports of Rio Grande do Sul were Soybeans ($753M), Raw Tobacco ($164M), Centrifuges ($142M), Soybean Meal ($134M), and Poultry Meat ($92.4M). In October 2024 the top imports of Rio Grande do Sul were Delivery Trucks ($115M), Mixed Mineral or Chemical Fertilizers ($110M), Cars ($104M), Crude Petroleum ($86.7M), and Refined Petroleum ($49.7M).

Destinations In October 2024, Rio Grande do Sul exported mostly to China ($772M), South Korea ($195M), United States ($126M), Argentina ($119M), and Uruguay ($54.5M), and imported mostly from Argentina ($302M), China ($235M), Algeria ($96M), Saudi Arabia ($61.8M), and United States ($60.6M).

Growth In October 2024, the increase in Rio Grande do Sul's year-by-year exports was explained primarily by an increase in exports to South Korea ($150M or 333%), France ($40.1M or 388%), and Philippines ($27.9M or 297%), and product exports increase in Centrifuges ($142M or 95.8k%), Liquid Fuel Furnaces ($47.4M or 189k%), and Sulfate Chemical Woodpulp ($25M or 57.8%). In October 2024, the decrease in Rio Grande do Sul's year-by-year imports was explained primarily by an decrease in imports from Nigeria ($-118M or -96.2%), United States ($-48.3M or -44.3%), and Canada ($-44.1M or -81.5%), and product imports decrease in Crude Petroleum ($-235M or -73.1%), Potassic Fertilizers ($-90M or -64.7%), and Nitrogenous Fertilizers ($-35.7M or -42.4%).