Brazil / Portugal

Overview In February 2024, Brazil exported $162M and imported $89.5M from Portugal, resulting in a positive trade balance of $72.4M. Between February 2023 and February 2024 the exports of Brazil have increased by $7.75M (5.03%) from $154M to $162M, while imports decreased by $-4.72M (-5.01%) from $94.2M to $89.5M.

Trade In February 2024, the top exports of Brazil to Portugal were Crude Petroleum ($241M), Refined Petroleum ($17.4M), Raw Sugar ($12.4M), Rough Wood ($2.84M), and Electric Motor Parts ($2M). In February 2024 the top imports of Brazil from Portugal were Pure Olive Oil ($23.3M), Aircraft parts including unmanned craft ($13.7M), Wine ($5.7M), Apples and Pears ($4.9M), and Non-fillet Frozen Fish ($3.27M).

Origins In February 2024 the exports of Brazil were mainly from Rio de Janeiro ($103M), São Paulo ($17M), Rio Grande do Sul ($13.6M), Minas Gerais ($5.89M), and Amapá ($3.52M), while imports destinations were mainly São Paulo ($35.9M), Santa Catarina ($21.8M), Rio de Janeiro ($7.3M), Pernambuco ($4.85M), and Minas Gerais ($3.48M).

Growth In February 2024, the increase in Brazil's year-by-year exports to Portugal was explained primarily by an increase in product exports in Crude Petroleum ($174M or 260%), Raw Sugar ($9.74M or 370%), and Refined Petroleum ($5.87M or 50.9%). In February 2024, the decrease in Brazil's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Broadcasting Equipment ($-593k or -98.7%), Engine Parts ($-541k or -86.7%), and Twine and Rope ($-392k or -65.5%).