Top Trading Partners
Total Trade: $9.62 billion
|3||New York City||$897,426,959|
January – February 2017
Top U.S. Trading Partners
Total U.S. trade: $592.18 billion
Brazil’s trade rose to $9.62 billion through February
Brazil’s trade with the United States rose 28.73 percent, from $7.47 billion to $9.62 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 31.54 percent while imports from Brazil rose 25.33 percent. The U.S. surplus with Brazil was $1.15 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. 17. 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 66.53 percent of Brazil’s U.S. trade. That compares to 67.98 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 12.05 percent to $2.1 billion.
Exports rose 20.06 percent to $1.51 billion. Imports fell 4.39 percent to $587.37 million.
- Trade with No.2 Houston rose 44.97 percent to $1.99 billion.
Exports rose 39.94 percent to $1.28 billion. Imports rose 55.08 percent to $707.01 million.
- Trade with No.3 New York City rose 47.09 percent to $897.43 million.
Exports rose 93.59 percent to $507.68 million. Imports rose 12.04 percent to $389.75 million.
- Trade with No.4 New Orleans rose 20.18 percent to $735.99 million.
Exports rose 41.05 percent to $462.02 million. Imports fell 3.81 percent to $273.97 million.
- Trade with No.5 Jacksonville/Tampa rose 10.8 percent to $675.85 million.
Exports rose 13.22 percent to $554.2 million. Imports rose 0.99 percent to $121.65 million.
Through February, 13 Customs districts posted trade surpluses with Brazil while 30 had deficits. That compares with 13 surpluses and 31 deficits for the same period one year ago. The top surplus was with Miami at $926.7 million, the largest deficit was with Philadelphia at $376.33 million.
Top Exports to Brazil
Total YTD: $5.38 billion
|1||Gasoline, other fuels||$906,321,959|
|2||Civilian aircraft and parts||$767,735,574|
|5||Motor vehicle parts||$182,713,292|
|8||Misc. mineral or chemical fertilizers||$117,122,798|
|9||Landline, cellular phone equipment||$114,731,462|
|10||Medical instruments for surgeons, dentists, vets||$113,833,652|
January – February 2017
Top Imports from Brazil
Total YTD: $4.24 billion
|2||Imports of returned exports||$258,666,016|
|3||Exports of charitable items, returned as imports||$219,972,169|
|6||Semifinished products of Iron, nonalloy steel||$141,564,106|
|7||Chemical woodpulp, not dissolving grade||$115,230,560|
|8||Stone monuments, similar artwork||$94,019,918|
|10||Iron ores and concentrates||$88,978,580|
Meanwhile, total U.S. trade with the world increased to $592.18 billion, up 6.44 percent compared to the same period last year. The nation’s exports climbed 6.68 percent to $237.05 billion; imports climbed 6.28 percent to $355.13 billion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $118.08 billion, up compared to the same period of last year when the deficit was $111.94 billion.
The top five U.S. exports to Brazil, by value through, February were the categories of Gasoline, other fuels; Civilian aircraft and parts; Coal, briquettes; Ethyl alcohol; and Motor vehicle parts, respectively. They accounted for 41.72 percent of total exports to Brazil.
The value of the top five categories of U.S. imports from Brazil –– Oil; Imports of returned exports; Exports of charitable items, returned as imports; Military aircraft; and Coffee –– accounted for 37.26 percent of all inbound shipments.
Looking more closely at U.S. exports to Brazil:
- Gasoline, other fuels rose 101.26 percent compared to last year to $906.32 million.
- Civilian aircraft and parts rose 24.15 percent compared to last year to $767.74 million.
- Coal, briquettes rose 145.1 percent compared to last year to $196.12 million.
- Ethyl alcohol rose 242.72 percent compared to last year to $193.52 million.
- Motor vehicle parts rose 209.39 percent compared to last year to $182.71 million.
Looking more closely at U.S. imports from Brazil:
- Oil rose 164.89 percent compared to last year to $694.41 million.
- Imports of returned exports rose 63.32 percent compared to last year to $258.67 million.
- Exports of charitable items, returned as imports rose 50.46 percent compared to last year to $219.97 million.
- Military aircraft fell 42.19 percent compared to last year to $204.17 million.
- Coffee rose 7.14 percent compared to last year to $200.83 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.