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

14 July 2022

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).

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 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).

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 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.

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.