Top Trading Partners
Total Trade: $56.47 billion
|3||New York City||$5,303,335,841|
January – December 2016
Top U.S. Trading Partners
Total U.S. trade: $3.64 trillion
Brazil’s trade fell to $56.47 billion through December
Brazil’s trade with the United States fell 4.4 percent, from $59.07 billion to $56.47 billion when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. U.S. exports to Brazil decreased 4.32 percent while imports from Brazil fell 4.49 percent. The U.S. surplus with Brazil was $4.12 billion.
Brazil ranked No. 14 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 12. Brazil’s top U.S. Customs districts for total imports and exports were No. 1 Miami, No. 2 Houston, No. 3 New York City, No. 4 New Orleans and No. 5 Jacksonville/Tampa compared to the last year when the top spots were held by No. 1 Miami, No. 2 Houston, No. 3 New Orleans, No. 4 New York City and No. 5 Jacksonville/Tampa. In the current time period, the top five accounted for 67.28 percent of Brazil’s U.S. trade. That compares to 64.89 percent for the nation’s top five Customs districts during the same time period in the previous year.
Taking a closer look:
- Trade with No.1 Miami rose 0.15 percent to $14.27 billion.
Exports fell 8.13 percent to $8.9 billion. Imports rose 17.7 percent to $5.37 billion.
- Trade with No.2 Houston fell 1.88 percent to $10.29 billion.
Exports rose 7.37 percent to $6.9 billion. Imports fell 16.54 percent to $3.38 billion.
- Trade with No.3 New York City rose 18.84 percent to $5.3 billion.
Exports rose 15.76 percent to $2.59 billion. Imports rose 21.94 percent to $2.71 billion.
- Trade with No.4 New Orleans fell 12.42 percent to $4.19 billion.
Exports rose 6.8 percent to $2.26 billion. Imports fell 27.68 percent to $1.93 billion.
- Trade with No.5 Jacksonville/Tampa fell 9.33 percent to $3.95 billion.
Exports fell 8.75 percent to $3.09 billion. Imports fell 11.37 percent to $854.83 million.
Through December, 15 Customs districts posted trade surpluses with Brazil while 31 had deficits. That compares with 16 surpluses and 28 deficits for the same period one year ago. The top surplus was with Miami at $3.53 billion, the largest deficit was with Mobile at $1.41 billion.
Top Exports to Brazil
Total YTD: $30.3 billion
|1||Civilian aircraft and parts||$4,433,008,970|
|2||Gasoline, other fuels||$3,763,367,493|
|3||Landline, cellular phone equipment||$767,679,782|
|6||Motor vehicle parts||$680,746,084|
|7||Misc. mineral or chemical fertilizers||$650,360,367|
|8||Medical instruments for surgeons, dentists, vets||$635,443,150|
January – December 2016
Top Imports from Brazil
Total YTD: $26.18 billion
|3||Imports of returned exports||$2,008,371,060|
|4||Exports of charitable items, returned as imports||$1,524,919,243|
|6||Chemical woodpulp, not dissolving grade||$924,655,591|
|7||Semifinished products of Iron, nonalloy steel||$739,803,990|
|8||Stone monuments, similar artwork||$689,512,759|
|10||Gasoline, other fuels||$483,421,657|
Meanwhile, total U.S. trade with the world increased to $3.64 trillion, down 2.76 percent compared to the same period last year. The nation’s exports dropped 3.38 percent to $1.45 trillion; imports dropped 2.34 percent to $2.19 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $735.46 billion, down compared to the same period of last year when the deficit was $737.07 billion.
The top five U.S. exports to Brazil, by value through, December were the categories of Civilian aircraft and parts; Gasoline, other fuels; Landline, cellular phone equipment; Computer chips; and Medicine, respectively. They accounted for 34.32 percent of total exports to Brazil.
The value of the top five categories of U.S. imports from Brazil –– Military aircraft; Oil; Imports of returned exports; Exports of charitable items, returned as imports; and Coffee –– accounted for 37.96 percent of all inbound shipments.
Looking more closely at U.S. exports to Brazil:
- Civilian aircraft and parts fell 3.22 percent compared to last year to $4.43 billion.
- Gasoline, other fuels rose 47.19 percent compared to last year to $3.76 billion.
- Landline, cellular phone equipment fell 11.36 percent compared to last year to $767.68 million.
- Computer chips rose 4.45 percent compared to last year to $723.06 million.
- Medicine fell 3.58 percent compared to last year to $711.85 million.
Looking more closely at U.S. imports from Brazil:
- Military aircraft rose 10.6 percent compared to last year to $3.14 billion.
- Oil fell 40.75 percent compared to last year to $2.19 billion.
- Imports of returned exports rose 67.26 percent compared to last year to $2.01 billion.
- Exports of charitable items, returned as imports rose 11.03 percent compared to last year to $1.52 billion.
- Coffee fell 19.71 percent compared to last year to $1.08 billion.
In the latest annual figures available, Brazil recorded $59.07 billion in trade with the United States. At year’s end, its top five Customs districts were Miami; Houston; New Orleans; New York City; and Jacksonville/Tampa. Total U.S. exports to Brazil were $ 31.67 billion and imports from Brazil were $27.41 billion. The U.S. surplus with Brazil was $4.26 billion.