Brazil / Paraguay

Overview In February 2024, Brazil exported $259M and imported $171M from Paraguay, resulting in a positive trade balance of $88.5M. Between February 2023 and February 2024 the exports of Brazil have increased by $16.1M (6.61%) from $243M to $259M, while imports decreased by $-67.1M (-28.2%) from $238M to $171M.

Trade In February 2024, the top exports of Brazil to Paraguay were Mixed Mineral or Chemical Fertilizers ($15.8M), Harvesting Machinery ($12.8M), Corn ($11.4M), Refined Petroleum ($10.6M), and Cars ($6.23M). In February 2024 the top imports of Brazil from Paraguay were Electricity ($69.2M), Corn ($31.6M), Rice ($17.2M), Insulated Wire ($15.2M), and Bovine Meat ($9.27M).

Origins In February 2024 the exports of Brazil were mainly from São Paulo ($118M), Paraná ($43.9M), Rio Grande do Sul ($36.9M), Santa Catarina ($27.8M), and Minas Gerais ($13.3M), while imports destinations were mainly Paraná ($48.3M), São Paulo ($38.9M), Santa Catarina ($25.4M), Minas Gerais ($18.7M), and Rio Grande do Sul ($17.7M).

Growth In February 2024, the increase in Brazil's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Corn ($8.35M or 277%), Refined Petroleum ($6.21M or 142%), and Harvesting Machinery ($4.38M or 51.9%). In February 2024, the decrease in Brazil's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in Electricity ($-13.6M or -16.4%), Alcohol > 80% ABV ($-7.66M or -71.2%), and Pesticides ($-6.02M or -52.1%).