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Pricing

2023
Flag → Flag
Exports $37BRnk 2 / 221
2023
Flag → Flag
Top Product $5.38BCrude Petroleum
2023
Flag → Flag
Exports $39.9BRnk 12 / 220
2023
Flag → Flag
Top Product $5.04BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
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GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Brazil-United States Trade: In 2023, Brazil exported $37B to United States. The main products that Brazil exported to United States were Crude Petroleum ($5.38B), Refined Petroleum ($1.94B), and Semi-Finished Iron ($1.7B). Over the past 5 years the exports of Brazil to United States have increased at an annualized rate of 4.87%, from $29.1B in 2018 to $37B in 2023.

In 2023, Brazil did not export any services to United States.

United States-Brazil Trade: In 2023, United States exported $39.9B to Brazil. The main products that United States exported to Brazil were Refined Petroleum ($5.04B), Gas Turbines ($4.66B), and Coal Briquettes ($1.78B). Over the past 5 years the exports of United States to Brazil have increased at an annualized rate of 3.11%,  from $34.2B in 2018 to $39.9B in 2023.

In 2017, United States exported services to Brazil worth $23B, with Travel ($8.37B), Financial services ($3.96B), and Other business services ($2.99B) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $3.72B and imported $3.22B from United States, resulting in a positive trade balance of $500M. Between December 2023 and December 2024 the exports of Brazil have increased by $270M (7.83%) from $3.45B to $3.72B, while imports increased by $219M (7.28%) from $3B to $3.22B.

Trade In December 2024, the top exports of Brazil to United States were Crude Petroleum ($724M), Semi-Finished Iron ($265M), Pig Iron ($164M), Coffee ($140M), and Large Construction Vehicles ($140M). In December 2024 the top imports of Brazil from United States were Refined Petroleum ($497M), Gas Turbines ($374M), Ethylene Polymers ($177M), Crude Petroleum ($118M), and Planes, Helicopters, and/or Spacecraft ($118M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($1.5B), Minas Gerais ($495M), Rio de Janeiro ($393M), Espírito Santo ($286M), and Santa Catarina ($156M), while imports destinations were mainly São Paulo ($1.02B), Rio de Janeiro ($711M), Minas Gerais ($219M), Espírito Santo ($188M), and Santa Catarina ($186M).

Growth In December 2024, the increase in Brazil's year-by-year exports to United States was explained primarily by an increase in product exports in Crude Petroleum ($469M or 184%), Refined Petroleum ($89.4M or 310%), and Pig Iron ($48.8M or 42.4%). In December 2024, the increase in Brazil's year-by-year imports  from United States was explained primarily by an increase in product imports  in Petroleum Gas ($88.6M or 473%), Planes, Helicopters, and/or Spacecraft ($62.1M or 111%), and Ethylene Polymers ($57.4M or 48.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$270M(7.83%)
IMPORT GROWTH (December 2023 - December 2024)$219M(7.28%)
MAIN EXPORTER (December 2024)São Paulo$1.5B

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check United States and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $37B to United States. The main products exported from Brazil to United States were Crude Petroleum ($5.38B), Refined Petroleum ($1.94B), and Semi-Finished Iron ($1.7B). During the last 5 years the exports of Brazil to United States have increased at an annualized rate of 4.87%, from $29.1B in 2018 to $37B in 2023.

In 2018, United States exported $39.9B to Brazil. The main products exported from United States to Brazil were Refined Petroleum ($5.04B), Gas Turbines ($4.66B), and Coal Briquettes ($1.78B). During the last 5 years the exports of United States to Brazil have increased at an annualized rate of 3.11%, from $34.2B in 2023 to $39.9B in 2018.

Exports from Brazil (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
United States
Top DestinationCanada$269B

This map shows whether countries import more from Brazil or United States. Each country is colored based on the difference in imports they receive from Brazil and United States or the difference in the growth in imports.

In 2023, countries that imported more from Brazil than United States included Argentina ($17.2B), Paraguay ($3.9B), and Iran ($2.3B).

In 2023, countries that imported more from United States than Brazil included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

Difference in imports from United States (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - United States

Flow
Scale

This chart compares trade between Brazil and United States by product, considering products traded by both, Brazil and United States.

During 2023, Brazil had a large net trade with United States in the exports of Mineral Products ($8B), Metals ($6.17B), and Machines ($4.47B).

During 2018, United States had a large net trade with Brazil in the exports of Machines ($10.9B), Mineral Products ($10.1B), and Chemical Products ($8.09B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil United States+$2.62BCrude Petroleum
Top Product Potential United States Brazil+$434MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and United States. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and United States (Flag) (2023)

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