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Pricing

2022
Exports $12.4BWorld Rnk 2 / 160
Flag Rnk 5 / 1206
2022
Destination $1.31B Iran
2021 - 2022
FASTEST GROWING MARKET $1.31BIran
2022
PRODUCT COMPLEXITY IN Corn-1.16Rnk 869 / 1025
2022
Imports $595MWorld Rnk 27 / 212
Flag Rnk 85 / 1198
2022
Origin $160M Paraguay
2021 - 2022
FASTEST GROWING ORIGIN $160MParaguay
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $12.4B in Corn, making it the 2nd largest exporter of Corn in the world. At the same year, Corn was the 5th most exported product in Brazil. The main destination of Corn exports from Brazil are: Iran ($2.01B), Spain ($1.36B), Japan ($1.35B), Egypt ($1.07B), and Colombia ($700M).

The fastest growing export markets for Corn of Brazil between 2021 and 2022 were Iran ($1.31B), Japan ($1.02B), and Spain ($959M).

Imports In 2022, Brazil imported $595M in Corn, becoming the 27th largest importer of Corn in the world. At the same year, Corn was the 85th most imported product in Brazil. Brazil imports Corn primarily from: Paraguay ($526M), Argentina ($52.1M), Jordan ($6.73M), United States ($6.12M), and United Arab Emirates ($2.42M).

The fastest growing import markets in Corn for Brazil between 2021 and 2022 were Paraguay ($160M), Jordan ($6.73M), and United Arab Emirates ($699k).

Latest Trends

October 2024

About

Overview In October 2024 Brazil's Corn exports accounted up to $1.28B and imports accounted up to $47M, resulting in a positive trade balance of $1.23B. Between October 2023 and October 2024 the exports of Brazil's   Corn have decreased by $-624M (-32.8%) from $1.9B to $1.28B, while imports increased by $5.38M (12.9%) from $41.7M to $47M.

Destinations In October 2024, Corn were exported mostly to Iran ($235M), Vietnam ($182M), Japan ($117M), Egypt ($84.3M), and South Korea ($77.9M), and were imported mostly from Paraguay ($45.7M), Chile ($789k), United States ($545k), and Thailand ($16.3k).

Growth In October 2024, the decrease in Corn's year-by-year exports was explained primarily by a decrease in exports to Egypt ($-151M or -99.2%), Indonesia ($-13.2M or -67%), and Dominican Republic ($-4.67M or -24.9%). In October 2024, the increase in Corn's year-by-year imports was explained primarily by an increase in imports from Paraguay ($16.5M or 109%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-624M(-32.8%)
IMPORT GROWTH (October 2023 - October 2024)$5.38M(12.9%)
MAIN EXPORTER (October 2024)Mato Grosso$832M
MAIN DESTINATION (October 2024)Iran$235M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.4B
IMPORTS (2022)$595M
NET TRADE (2022)$11.8B

In 2022, Brazil exported $12.4B in Corn. The main destinations of Brazil exports on Corn were Iran ($2.01B), Spain ($1.36B), Japan ($1.35B), Egypt ($1.07B), and Colombia ($700M).

In 2022, Brazil imported $595M in Corn, mainly from Paraguay ($526M), Argentina ($52.1M), Jordan ($6.73M), United States ($6.12M), and United Arab Emirates ($2.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Iran$1.31B (186%)
Japan$1.02B (317%)
Spain$959M (241%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY Brazil WERE (2021 - 2022):
Turkey-$38.2M (-88.2%)
Cambodia-$4.14M (-40.9%)
Qatar-$2.9M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Corn were:
United States $19.3B
Argentina $9.79B
In 2022, Brazil's main importing competitors in Corn were:
China $6.81B
Mexico $5.38B
Japan $5.12B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $301M
TOP IMPORT POTENTIALArgentina+ $66.6M

Corn’s highest export potential is China. With an export gap of $301M.   Corn’s highest import potential is Argentina with an import gap of $66.6M.

See methodology.

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