Top Trading Partners
Total Trade: $14.8 billion
|3||New York City||$1,395,966,320|
January – March 2017
Top U.S. Trading Partners
Total U.S. trade: $922.69 billion
Brazil’s trade rose to $14.8 billion through March
Brazil’s trade with the United States rose 22.79 percent, from $12.05 billion to $14.8 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 increased 27.33 percent while imports from Brazil rose 17.63 percent. The U.S. surplus with Brazil was $1.52 billion.
Brazil ranked No. 13 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 16. 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 York City, No. 4 New Orleans and No. 5 Jacksonville/Tampa. In the current time period, the top five accounted for 65.3 percent of Brazil’s U.S. trade. That compares to 67.54 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 7.75 percent to $3.38 billion.
Exports rose 16.71 percent to $2.36 billion. Imports fell 8.53 percent to $1.02 billion.
- Trade with No. 2 Houston rose 39.79 percent to $2.86 billion.
Exports rose 34.07 percent to $1.83 billion. Imports rose 51.18 percent to $1.04 billion.
- Trade with No. 3 New York City rose 39.78 percent to $1.4 billion.
Exports rose 86.28 percent to $815.68 million. Imports rose 3.48 percent to $580.29 million.
- Trade with No. 4 New Orleans rose 3.58 percent to $1.02 billion.
Exports rose 30.67 percent to $639.58 million. Imports fell 23.34 percent to $377.54 million.
- Trade with No. 5 Jacksonville/Tampa rose 3.27 percent to $1.01 billion.
Exports rose 11.91 percent to $844.61 million. Imports fell 26.21 percent to $163.22 million.
Through March, 13 Customs districts posted trade surpluses with Brazil while 30 had deficits. That compares with 14 surpluses and 31 deficits for the same period one year ago. The top surplus was with Miami at $1.34 billion, the largest deficit was with Philadelphia at $588.68 million.
Top Exports to Brazil
Total YTD: $8.16 billion
|1||Civilian aircraft, parts||$1,196,161,229|
|2||Gasoline, other fuels||$1,162,639,649|
|3||Motor vehicle parts||$286,454,923|
|8||Misc. mineral or chemical fertilizers||$178,977,835|
|9||Cell phones, related equipment||$173,488,725|
|10||Medical instruments for surgeons, dentists, vets||$158,029,176|
January – March 2017
Top Imports from Brazil
Total YTD: $6.64 billion
|2||Returned exports, after repair||$405,445,692|
|4||Exports returned, without change||$369,033,024|
|6||Semifinished products of Iron, nonalloy steel||$264,887,328|
|7||Chemical wood pulp, not dissolving grade||$196,908,142|
|9||Granite, marble, other stones||$138,473,608|
Meanwhile, total U.S. trade with the world increased to $922.69 billion, up 7.24 percent compared to the same period last year. The nation’s exports climbed 7.2 percent to $372.7 billion; imports climbed 7.27 percent to $549.99 billion. The nation’s top five countries so far this year, by value, are Canada; China; Mexico; Japan and Germany. The overall trade deficit was $177.29 billion, up compared to the same period of last year when the deficit was $165.06 billion.
The top five U.S. exports to Brazil, by value through March were the categories of Civilian aircraft, parts; Gasoline, other fuels; Motor vehicle parts; Ethyl alcohol; and Coal, briquettes, respectively. They accounted for 38.95 percent of total exports to Brazil.
The value of the top five categories of U.S. imports from Brazil –– Oil; Returned exports, after repair; Aircraft; Exports returned, without change; and Coffee –– accounted for 37.93 percent of all inbound shipments.
Looking more closely at U.S. exports to Brazil:
- Civilian aircraft, parts rose 24.95 percent compared to last year to $1.2 billion.
- Gasoline, other fuels rose 77.05 percent compared to last year to $1.16 billion.
- Motor vehicle parts rose 180.95 percent compared to last year to $286.45 million.
- Ethyl alcohol rose 163.11 percent compared to last year to $273.7 million.
- Coal, briquettes rose 114.19 percent compared to last year to $258.25 million.
Looking more closely at U.S. imports from Brazil:
- Oil rose 144.87 percent compared to last year to $1.07 billion.
- Returned exports, after repair rose 51.11 percent compared to last year to $405.45 million.
- Aircraft fell 40.37 percent compared to last year to $379.95 million.
- Exports returned, without change fell 5.12 percent compared to last year to $369.03 million.
- Coffee rose 9 percent compared to last year to $295.3 million.
In the latest annual figures available, Brazil recorded $56.47 billion in trade with the United States. At year’s end, its top five Customs districts were Miami; Houston; New York City; New Orleans; and Jacksonville/Tampa. Total U.S. exports to Brazil were $ 30.3 billion and imports from Brazil were $26.18 billion. The U.S. surplus with Brazil was $4.12 billion.