Wheat in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $1.07B in Wheat, making it the 16th largest exporter of Wheat in the world. At the same year, Wheat was the 35th most exported product in Brazil. The main destination of Wheat exports from Brazil are: Saudi Arabia ($196M), Indonesia ($191M), Vietnam ($116M), South Africa ($104M), and Morocco ($102M).

The fastest growing export markets for Wheat of Brazil between 2021 and 2022 were Indonesia ($110M), South Africa ($104M), and Saudi Arabia ($99.7M).

Imports In 2022, Brazil imported $1.77B in Wheat, becoming the 11th largest importer of Wheat in the world. At the same year, Wheat was the 27th most imported product in Brazil. Brazil imports Wheat primarily from: Argentina ($1.38B), United States ($144M), Paraguay ($106M), Russia ($97.4M), and Uruguay ($22.2M).

The fastest growing import markets in Wheat for Brazil between 2021 and 2022 were United States ($115M), Russia ($90M), and Paraguay ($17.5M).

Latest Trends

March 2024

About

Overview In March 2024 Brazil's Wheat exports accounted up to $177M and imports accounted up to $126M, resulting in a positive trade balance of $50.9M. Between January 2023 and March 2024 the exports of Brazil's Wheat have decreased by $-5.29M (-2.91%) from $182M to $177M, while imports decreased by $-19.7M (-13.5%) from $145M to $126M.

Destinations In March 2024, Wheat were exported mostly to Philippines ($78.9M), Vietnam ($64M), Thailand ($18.9M), Venezuela ($7.86M), and Ecuador ($6.94M), and were imported mostly from Argentina ($89.2M), Uruguay ($28.8M), United States ($6.44M), and Paraguay ($1.27M).

Growth In March 2024, the decrease in Wheat's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-17.3M or -27.4%). In March 2024, the decrease in Wheat's year-by-year imports was explained primarily by a decrease in imports from Argentina ($-3.34M or -2.85%) and Paraguay ($-661k or -9.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - March 2024)$-5.29M(-2.91%)

IMPORT GROWTH (March 2023 - March 2024)$-19.7M(-13.5%)

MAIN EXPORTER (March 2024)Rio Grande Do Sul$192M

MAIN DESTINATION (March 2024)Philippines$78.9M

This section shows Wheat's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.07B

IMPORTS (2022)$1.77B

NET TRADE (2022)-$697M

In 2022, Brazil exported $1.07B in Wheat. The main destinations of Brazil exports on Wheat were Saudi Arabia ($196M), Indonesia ($191M), Vietnam ($116M), South Africa ($104M), and Morocco ($102M).

In 2022, Brazil imported $1.77B in Wheat, mainly from Argentina ($1.38B), United States ($144M), Paraguay ($106M), Russia ($97.4M), and Uruguay ($22.2M).

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