Overview: In March 2021 Brazil exported $24.4B and imported $17.9B, resulting in a positive trade balance of $6.53B. Between March 2020 and March 2021 the exports of Brazil have increased by $6.04B (32.9%) from $18.3B to $24.4B, while imports increased by $3.34B (23%) from $14.5B to $17.9B.
Trade: In March 2021, the top exports of Brazil were Soybeans ($5.36B), Iron Ore ($3.6B), Crude Petroleum ($2.47B), Raw Sugar ($639M), and Poultry Meat ($550M). In March 2021 the top imports of Brazil were Refined Petroleum ($761M), Vehicle Parts ($728M), Petroleum Gas ($517M), Blood, antisera, vaccines, toxins and cultures ($486M), and Integrated Circuits ($418M).
Origins: In March 2021 the exports of Brazil were mainly from São Paulo ($4.22B), Minas Gerais ($3.12B), Mato Grosso ($2.59B), Rio de Janeiro ($2.56B), and Pará ($2.36B), while imports destinations were mainly São Paulo ($6.09B), Santa Catarina ($2.24B), Rio de Janeiro ($1.58B), Paraná ($1.39B), and Amazonas ($1.1B).
Destinations: In March 2021, Brazil exported mostly to China ($8.52B), United States ($2.4B), Argentina ($1.09B), Netherlands ($806M), and Germany ($512M), and imported mostly from China ($4.01B), United States ($3.14B), Germany ($993M), Argentina ($932M), and Italy ($588M).
Growth: In March 2021, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($3.02B or 54.7%), United States ($454M or 23.4%), and Argentina ($321M or 41.7%), and product exports increase in Iron Ore ($2.24B or 164%), Soybeans ($1.61B or 43.1%), and Crude Petroleum ($443M or 21.9%). In March 2021, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from China ($1.61B or 67.2%), United States ($961M or 44%), and Italy ($305M or 108%), and product imports increase in Vehicle Parts ($420M or 136%), Petroleum Gas ($362M or 233%), and Gas Turbines ($233M or 682%).