Brazil Exports Higher Than Imports: A Brief Overview of Brazil Trade

14 July 2022
Brazil Trade Data

Brazil’s imports and exports for the year 2021 increased in terms of the imported and exported value, as compared to the import and export value of the year 2021 for Brazil. The growth is significant in values. Apart from the increasing values of imports and exports of Brazil in 2021, the global trade data intelligence online reveals that Brazil’s exports are much higher than the imports for the years 2020 and 2021.

 

 Brazil Imports, 2021


As per Brazil import data 2021, the top imports of Brazil are diesel oil ($7 billion), potassium chloride ($4 billion), crude petroleum oil ($3.9 billion), LNG ($3.5 billion), and human vaccine ($3.4 billion).

 

Other top imports include petrochemical naphtha ($3.1 billion), urea ($3 billion), ammonium dihydrogen orthophosphate ($2.8 billion), electrical energy ($2.8 billion), and bituminous coal ($2.6 billion).


 

Brazil Top Imports (2021) – By Commodities

Commodity

Value USD Billion

Diesel Oil

7.07

Potassium Chloride

4.09

Crude Petroleum Oil

3.99

Liquefied Natural Gas

3.53

Vaccines For Human Medicine

3.41

Naphtha For Petrochemical

3.11

Urea, Containing Nitrogen

3.04

Ammonium Dihydrogen Orthophosphate

2.88

Electrical Energy

2.87

Bituminous Coal

2.60

 


The top importing countries for Brazil in 2021 were China (21.7%), the USA (18.1%), Argentina (5.4%), Germany (5.2%), India (3.1%), Russia (2.6%), Italy (2.5%), Japan (2.3%), South Korea (2.3%), and France (2.2%).


 

Brazil’s Top Import Partners (2021)

Country

Value USD %

China

21.7

United States of America

18.1

Argentina

5.4

Germany

5.2

India

3.1

Russia

2.6

Italy

2.5

Japan

2.3

South Korea

2.3

France

2.2

 

 

Brazil Exports, 2021


As per Brazil export data 2021, the top exports for Brazil are iron ores & concentrates ($40.7 billion), soybeans ($38.6 billion), crude petroleum oil ($30.6 billion), cane sugar ($7.9 billion), and boneless frozen bovine meat ($6.9 billion).

 

Other top products consist of chemical wood pulp ($6.2 billion), soybean solid waste ($5.9 billion), non-roasted coffee ($5.8 billion), fuel oil ($5.4 billion), and semifinished iron and steel products ($5.3 billion).


 

Brazil Top Exports – By Commodities (2021)

Commodity

Value USD Billion

Iron Ores and Concentrates

40.71

Soybeans (Except for Sowing)

38.62

Crude Petroleum Oil

30.60

Other Cane Sugar

7.95

Boneless Frozen Bovine Meat

6.95

Chemical Wood of Pulp

6.22

Soybean Solid Waste

5.92

Coffee, Non-Roasted (In Grain)

5.80

Fuel Oil

5.47

Semi-Finished Iron/Steel Products

5.33

 

Top exporting countries for Brazil in 2021 were China (31.3%), the USA (11.2%), the Netherlands (4.2%), Argentina (3.3%), Chile (2.5%), Singapore (2.1%), South Korea (2%), Mexico (2%), Japan (2%), and Spain (1.9%).


 

Brazil's Top Export Partners (2021)

Country

Value USD %

China

31.3

United States of America

11.2

Netherlands

4.2

Argentina

3.3

Chile

2.5

Singapore

2.1

South Korea

2

Mexico

2

Japan

2

Spain

1.9

 


Brazil Trade – YoY


The values of imports in Brazil for 2020 amounted to $158.7 billion, while imports in 2021 amounted to $219.4 billion. In 2020, the exports amounted to $209.1 billion and in 2021 the exports amounted to $280.8 billion.


 

Brazil Import-Export Comparison – YoY Comparison

Year

Value USD Thousand

Year

Value USD Thousand

2020

158,786,825

2020

209,180,242

2021

219,408,049

2021

280,814,577

Total Value (Import) – $378,194,874,000

Total Value (Export) – $489,994,819,000

 


The total value of imports in Brazil has accounted for a smaller value than the exports for the year 2020. In 2020, the total value of imports in Brazil amounted to $378.1 billion and the total value of exports amounted to $489.9 billion.

 

This shows that Brazil accounts for larger values of exports than imports. It is to be noted that not just exports are higher in Brazil, but the values have substantially increased in the year 2021.

Is this article helpful. Share with others!   

Add Comments


Request a Demo close modal

Get global trade data online at your fingertips!

Copyright © 2021 Export Genius. All rights reserved
//