Overview In July 2024 Brazil exported $30.9B and imported $23.3B, resulting in a positive trade balance of $7.64B. Between July 2023 and July 2024 the exports of Brazil have increased by $2.62B (9.25%) from $28.3B to $30.9B, while imports increased by $3.16B (15.7%) from $20.1B to $23.3B.
Trade In July 2024, the top exports of Brazil were Soybeans ($4.99B), Crude Petroleum ($3.62B), Iron Ore ($2.92B), Raw Sugar ($1.72B), and Sulfate Chemical Woodpulp ($981M). In July 2024 the top imports of Brazil were Refined Petroleum ($1.36B), Gas Turbines ($740M), Motor vehicles; parts and accessories (8701... ($695M), Crude Petroleum ($673M), and Packaged Medicaments ($571M).
Origins In July 2024 the exports of Brazil were mainly from São Paulo ($5.63B), Minas Gerais ($3.64B), Não Declarada ($2.86B), Rio de Janeiro ($2.85B), and Mato Grosso ($2.44B), while imports destinations were mainly São Paulo ($6.81B), Santa Catarina ($2.81B), Rio de Janeiro ($2.58B), Paraná ($1.75B), and Amazonas ($1.64B).
Destinations In July 2024, Brazil exported mostly to China ($10.1B), United States ($3.55B), Argentina ($1.17B), Netherlands ($1.09B), and Spain ($831M), and imported mostly from China ($5.53B), United States ($3.62B), Germany ($1.21B), Argentina ($1.2B), and Russia ($1.17B).
Growth In July 2024, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($1.4B or 16.1%), United States ($472M or 15.3%), and Spain ($260M or 45.4%), and product exports increase in Iron Ore ($509M or 21.1%), Sulfate Chemical Woodpulp ($350M or 55.4%), and Coffee ($317M or 61.1%). In July 2024, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from China ($1.34B or 32%), Russia ($472M or 67.7%), and United States ($258M or 7.67%), and product imports increase in Mixed Mineral or Chemical Fertilizers ($183M or 49.9%), Gas Turbines ($177M or 31.4%), and Petroleum Gas ($176M or 98.2%).
