Overview In July 2022 Brazil exported $30B and imported $24.5B, resulting in a positive trade balance of $5.44B. Between July 2021 and July 2022 the exports of Brazil have increased by $4.44B (17.4%) from $25.5B to $30B, while imports increased by $6.39B (35.2%) from $18.1B to $24.5B.
Trade In July 2022, the top exports of Brazil were Soybeans ($4.71B), Crude Petroleum ($3.49B), Iron Ore ($2.88B), Refined Petroleum ($1.64B), and Corn ($1.16B). In July 2022 the top imports of Brazil were Refined Petroleum ($2.38B), Potassic Fertilizers ($1.39B), Mixed Mineral or Chemical Fertilizers ($1.13B), Pesticides ($797M), and Crude Petroleum ($771M).
Origins In July 2022 the exports of Brazil were mainly from São Paulo ($5.69B), Rio de Janeiro ($3.77B), Minas Gerais ($3.44B), Mato Grosso ($2.55B), and Pará ($2.13B), while imports destinations were mainly São Paulo ($7.66B), Santa Catarina ($2.44B), Paraná ($2.05B), Rio de Janeiro ($1.92B), and Minas Gerais ($1.83B).
Destinations In July 2022, Brazil exported mostly to China ($7.86B), United States ($3.3B), Argentina ($1.39B), Singapore ($1.07B), and Chile ($1.06B), and imported mostly from China ($5.3B), United States ($4.83B), Germany ($1.16B), Argentina ($1.02B), and Russia ($929M).
Growth In July 2022, the increase in Brazil's year-by-year exports was explained primarily by an increase in exports to China ($473M or 12.9%), Argentina ($166M or 28%), and Indonesia ($163M or 122%), and product exports increase in Iron Ore ($1.06B or 60.8%), Raw Sugar ($138M or 29.3%), and Coffee ($110M or 30.6%). In July 2022, the increase in Brazil's year-by-year imports was explained primarily by an increase in imports from Japan ($330M or 93.3%), Paraguay ($172M or 148%), and Argentina ($133M or 20.1%), and product imports increase in Electricity ($294M or 8.48k%), Motor vehicles; parts and accessories (8701... ($166M or 44.5%), and Gas Turbines ($165M or 166%).