Brazil

Brazil ranked No. 17 in total trade value through May with a total of $24.07 billion. Exports totaled $14.97 billion and Imports totaled $9.1 billion, a surplus of $5.87 billion.

U.S. trade with Brazil rose to $20.03 billion through May

Brazil’s trade with the United States rose to $20.03 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.39 percent below its total trade during the same time period last year. U.S. exports to Brazil decreased 4.55 percent while U.S. imports from Brazil fell 25.34 percent. The U.S. surplus with Brazil was $5.35 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of Jacksonville, Fla.; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Miami Int’l Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of Jacksonville, Fla. and No. 5 Port of New York. In the current time period, the top five accounted for 46.18 percent of Brazil’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 10.93 percent to $4.49 billion.
    Exports fell 5.76 percent to $3.84 billion. Imports fell 32.75 percent to $649.8 million.
  • Trade with No. 2 Port of Houston fell 5.64 percent to $3.59 billion.
    Exports fell 3.82 percent to $2.55 billion. Imports fell 9.81 percent to $1.04 billion.
  • Trade with No. 3 Port of New Orleans fell 24.59 percent to $1.16 billion.
    Exports fell 10.59 percent to $790.28 million. Imports fell 43.47 percent to $370.83 million.
  • Trade with No. 4 Port of Jacksonville, Fla. fell 14.3 percent to $967.05 million.
    Exports fell 3.13 percent to $726.74 million. Imports fell 36.45 percent to $240.32 million.
  • Trade with No. 5 Port of New York fell 11.57 percent to $900.23 million.
    Exports fell 10.3 percent to $541.57 million. Imports fell 13.43 percent to $358.66 million.

Brazil ranked No. 17 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 14.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Brazil by value through May were the categories of Gasoline, other fuels; Civilian aircraft, parts; Computer chips; LNG, other petroleum gases; and Coal, briquettes, respectively. They accounted for 41.63 percent of total exports to Brazil.

The value of the top five categories of U.S. imports from Brazil –– Oil; Returned exports, without change; Semifinished products of Iron, nonalloy steel; Coffee; and Gasoline, other fuels –– accounted for 28.38 percent of all inbound shipments.

Looking more closely at U.S. exports to Brazil:

  • Gasoline, other fuels fell 7.29 percent compared to last year to $2.76 billion.
  • Civilian aircraft, parts fell 14.96 percent compared to last year to $2.43 billion.
  • Computer chips rose 3.84 percent compared to last year to $365.84 million.
  • LNG, other petroleum gases rose 2.84 percent compared to last year to $350.95 million.
  • Coal, briquettes fell 32.29 percent compared to last year to $328.59 million.

Looking more closely at U.S. imports from Brazil:

  • Oil fell 44.23 percent compared to last year to $683.07 million.
  • Returned exports, without change fell 19.99 percent compared to last year to $583.65 million.
  • Semifinished products of Iron, nonalloy steel fell 38.19 percent compared to last year to $488.38 million.
  • Coffee rose 4.19 percent compared to last year to $454.53 million.
  • Gasoline, other fuels fell 42.29 percent compared to last year to $373.07 million.

In the latest annual figures available, Brazil recorded $73.94 billion in trade with the United States. Total U.S. exports to Brazil were $ 43.08 billion and imports from Brazil were $30.85 billion. The U.S. surplus with Brazil was $12.23 billion.