Top Trading Partners
Total Trade: $36.92 billion
|3||New York City||$3,318,620,388|
January – July 2017
Top U.S. Trading Partners
Total U.S. trade: $2.21 trillion
Brazil’s trade rose to $36.92 billion through July
Brazil’s trade with the United States rose 22.03 percent, from $30.26 billion to $36.92 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 24.85 percent while imports from Brazil rose 18.71 percent. The U.S. surplus with Brazil was $3.9 billion.
Brazil ranked No. 12 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 Jacksonville/Tampa and No. 5 New Orleans. In the current time period, the top five accounted for 64.8 percent of Brazil’s U.S. trade. That compares to 67.06 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 10.99 percent to $8.47 billion.
Exports rose 12.73 percent to $5.51 billion. Imports rose 7.88 percent to $2.97 billion.
- Trade with No. 2 Houston rose 35.69 percent to $6.97 billion.
Exports rose 31.34 percent to $4.55 billion. Imports rose 44.72 percent to $2.42 billion.
- Trade with No. 3 New York City rose 21.5 percent to $3.32 billion.
Exports rose 50.05 percent to $1.9 billion. Imports fell 3.19 percent to $1.42 billion.
- Trade with No. 4 New Orleans rose 21.57 percent to $2.83 billion.
Exports rose 45.29 percent to $1.74 billion. Imports fell 3.68 percent to $1.09 billion.
- Trade with No. 5 Jacksonville/Tampa fell 5.13 percent to $2.34 billion.
Exports fell 4.66 percent to $1.91 billion. Imports fell 7.16 percent to $428.87 million.
Through July, 14 Customs districts posted trade surpluses with Brazil while 30 had deficits. That compares with 15 surpluses and 31 deficits for the same period one year ago. The top surplus was with Miami at $2.54 billion, the largest deficit was with Mobile at $1.13 billion.
Top Exports to Brazil
Total YTD: $20.41 billion
|1||Gasoline, other fuels||$3,301,901,856|
|2||Civilian aircraft, parts||$2,906,340,750|
|3||Motor vehicle parts||$878,821,733|
|6||Misc. mineral or chemical fertilizers||$506,657,120|
|7||Medicines in individual dosages||$494,612,055|
|9||Petroleum gases, other gaseous hydrocarbons||$431,291,387|
|10||Cell phones, related equipment||$401,796,491|
January – July 2017
Top Imports from Brazil
Total YTD: $16.51 billion
|3||Returned exports, after repair||$992,921,905|
|4||Exports returned, without change||$787,832,450|
|5||Semifinished products of Iron, nonalloy steel||$661,041,990|
|7||Chemical wood pulp, not dissolving grade||$501,205,365|
|8||Granite, marble, other stones||$402,922,312|
Meanwhile, total U.S. trade with the world increased to $2.21 trillion, up 6.67 percent compared to the same period last year. The nation’s exports climbed 6.31 percent to $879.69 billion; imports climbed 6.91 percent to $1.33 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 $447.79 billion, up compared to the same period of last year when the deficit was $414.15 billion.
The top five U.S. exports to Brazil, by value through July were the categories of Gasoline, other fuels; Civilian aircraft, parts; Motor vehicle parts; Coal, briquettes; and Ethyl alcohol, respectively. They accounted for 40.14 percent of total exports to Brazil.
The value of the top five categories of U.S. imports from Brazil –– Oil; Aircraft; Returned exports, after repair; Exports returned, without change; and Semifinished products of Iron, nonalloy steel –– accounted for 37.5 percent of all inbound shipments.
Looking more closely at U.S. exports to Brazil:
- Gasoline, other fuels rose 80.76 percent compared to last year to $3.3 billion.
- Civilian aircraft, parts rose 15.86 percent compared to last year to $2.91 billion.
- Motor vehicle parts rose 225.66 percent compared to last year to $878.82 million.
- Coal, briquettes rose 127.59 percent compared to last year to $582.5 million.
- Ethyl alcohol rose 194.59 percent compared to last year to $524.33 million.
Looking more closely at U.S. imports from Brazil:
- Oil rose 102.35 percent compared to last year to $2.2 billion.
- Aircraft rose 0.54 percent compared to last year to $1.55 billion.
- Returned exports, after repair rose 31.63 percent compared to last year to $992.92 million.
- Exports returned, without change fell 17.96 percent compared to last year to $787.83 million.
- Semifinished products of Iron, nonalloy steel rose 62.49 percent compared to last year to $661.04 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.