Brazil / Morocco

Overview In December 2024, Brazil exported $190M and imported $74.3M from Morocco, resulting in a positive trade balance of $116M. Between December 2023 and December 2024 the exports of Brazil have increased by $49.3M (35%) from $141M to $190M, while imports decreased by $-14.6M (-16.5%) from $89M to $74.3M.

Trade In December 2024, the top exports of Brazil to Morocco were Raw Sugar ($101M), Corn ($17.8M), Coffee ($1.4M), Pepper ($1.22M), and Frozen Bovine Meat ($893k). In December 2024 the top imports of Brazil from Morocco were Phosphatic Fertilizers ($29.3M), Mixed Mineral or Chemical Fertilizers ($8.32M), Phosphoric Acid ($4.56M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($2.88M), and Non-fillet Frozen Fish ($2.16M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($52.9M), Mato Grosso ($34.3M), Pará ($12.7M), Minas Gerais ($12M), and Goiás ($4.38M), while imports destinations were mainly Mato Grosso ($16.5M), Rio Grande do Sul ($15.4M), Maranhão ($11.7M), Paraná ($10M), and São Paulo ($8.12M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Morocco was explained primarily by an increase in product exports in Raw Sugar ($27.1M or 36.8%), Coffee ($982k or 235%), and Electrical Transformers ($493k or 14.9k%). In December 2024, the decrease in Brazil's year-by-year imports  from Morocco was explained primarily by an decrease in product imports  in Mixed Mineral or Chemical Fertilizers ($-39.7M or -82.7%), Phosphoric Acid ($-6.81M or -59.9%), and Non-fillet Frozen Fish ($-5.65M or -72.3%).