Brazil / Kuwait

Overview In March 2024, Brazil exported $22.8M and imported $214M from Kuwait, resulting in a negative trade balance of $191M. Between March 2023 and March 2024 the exports of Brazil have increased by $2.7M (13.5%) from $20.1M to $22.8M, while imports increased by $209M (4.46k%) from $4.69M to $214M.

Trade In March 2024, the top exports of Brazil to Kuwait were Poultry Meat ($12.6M), Frozen Bovine Meat ($2.04M), Other Prepared Meat ($661k), Fruit Juice ($280k), and Rubber Footwear ($179k). In March 2024 the top imports of Brazil from Kuwait were Refined Petroleum ($70.2M), Sulphur ($3.74M), Iron Fasteners ($228), Other Iron Products ($145), and Other Plastic Products ($20).

Origins In March 2024 the exports of Brazil were mainly from Paraná ($11.5M), Rio Grande do Sul ($4.07M), Santa Catarina ($3.36M), Goiás ($880k), and Minas Gerais ($879k), while imports destinations were mainly Maranhão ($141M), Pernambuco ($53.4M), Amazonas ($19.3M), and São Paulo ($302).

Growth In March 2024, the increase in Brazil's year-by-year exports to Kuwait was explained primarily by an increase in product exports in Frozen Bovine Meat ($1.47M or 256%), Other Prepared Meat ($372k or 129%), and Fruit Juice ($133k or 90.5%). In March 2024, the increase in Brazil's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in Iron Fasteners ($67 or 41.6%) and Other Iron Products ($60 or 70.6%).