Overview: In January 2021 Brazil exported $14.8B and imported $15.9B, resulting in a negative trade balance of $1.13B. Between January 2020 and January 2021 the exports of Brazil have increased by $313M (2.16%) from $14.5B to $14.8B, while imports decreased by $-245M (-1.51%) from $16.2B to $15.9B.
Trade: In January 2021, the top exports of Brazil were Iron Ore ($2.75B), Crude Petroleum ($1.44B), Raw Sugar ($625M), Corn ($505M), and Coffee ($468M). In January 2021 the top imports of Brazil were Special Purpose Ships ($2.02B), Refined Petroleum ($872M), Integrated Circuits ($416M), Telephones ($363M), and Vehicle Parts ($336M).
Origins: In January 2021 the exports of Brazil were mainly from São Paulo ($2.89B), Minas Gerais ($2.21B), Pará ($1.97B), Rio de Janeiro ($1.44B), and Mato Grosso ($988M), while imports destinations were mainly São Paulo ($4.43B), Rio de Janeiro ($3.12B), Santa Catarina ($1.75B), Paraná ($1.13B), and Amazonas ($935M).
Destinations: In January 2021, Brazil exported mostly to China ($4.04B), United States ($1.4B), Argentina ($761M), Chile ($428M), and Malaysia ($410M), and imported mostly from China ($3.4B), United States ($2.21B), Brazil ($1.74B), Argentina ($783M), and Japan ($757M).
Growth: In January 2021, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($367M or 10%), Argentina ($168M or 28.2%), and Indonesia ($166M or 124%), and product exports increase in Iron Ore ($1B or 57.7%), Raw Sugar ($154M or 32.8%), and Corn ($145M or 40.3%). In January 2021, the decrease in Brazil's year-by-year imports was explained primarily by an decrease in imports from China ($-1.66B or -32.7%), Germany ($-291M or -28.6%), and United States ($-256M or -10.4%), and product imports decrease in Refined Petroleum ($-286M or -24.7%), Packaged Medicaments ($-115M or -33.1%), and Crude Petroleum ($-111M or -53.5%).