Top Brazilian Trade Balances

Rio de janeiro

Rio de Janeiro

Food products including soya beans, sugar, chicken and frozen beef were major factors behind Brazil’s highest trade surpluses by product. Netherlands and China placed first and second respectively among trade partners with which Brazil experienced the highest positive trade balances.

Brazil’s overall trade surplus for all products equaled US$47.7 billion in 2016, up by 88.1% from a $25.3 billion surplus in 2009 after the global recession began. Year over year, the $47.7 billion in black ink in 2016 represents a creditable 142.3% improvement from the $19.7 billion surplus that Brazil incurred during 2015.

Top Brazilian Trade Balances by Product and Country

Product+

The following 10 leading products generated a surplus subtotal of $78.8 billion for Brazil in its global trade during 2016. Metrics listed below highlight Brazil’s strongest competitive advantages over worldwide trading partners in terms of commodities.

  1. Soya beans: US$19.2 billion (up 68.7% since 2009)
  2. Iron ores, concentrates: $13.3 billion (up 0.4%)
  3. Sugar (cane or beet): $10.4 billion (up 24.6%)
  4. Crude oil: $7.2 billion (up 4,860%)
  5. Poultry meat: $6.1 billion (up 23.8%)
  6. Soya-bean oil-cake, other solid residues: $5.2 billion (up 13.4%)
  7. Chemical woodpulp (non-dissolving): $5 billion (up 73.7%)
  8. Coffee: $4.8 billion (up 27.1%)
  9. Miscellaneous aircraft, spacecraft (e.g. helicopters, launchers): $4.1 billion (up 41.6%)
  10. Frozen beef: $3.5 billion (up 34.3%)

Leading increases for Brazil’s product surpluses from 2009 to 2016 were crude oil (up 4,860%), non-dissolving chemical woodpulp (up 73.7%) and soya beans (up 68.7%).

Product-

The 10 major products below accumulated a deficit subtotal of -$29 billion for Brazil in international trade during 2016. Brazil exhibited the severest competitive disadvantages in terms of red ink from exporting and importing the following goods.

  1. Processed petroleum oils: -US$6.1 billion (Up 323.3% since 2009)
  2. Phone system devices including smartphones: -$3.4 billion (Up 189.5%)
  3. Automobile parts/accessories: -$3 billion (Up 142.1%)
  4. Integrated circuits/microassemblies: -$2.8 billion (Down -2.1%)
  5. Petroleum gases: -$2.6 billion (Up 10.4%)
  6. Blood fractions (including antisera): -$2.6 billion (Up 67.6%)
  7. Medication mixes in dosage: -$2.4 billion (Up 28%)
  8. Packaged insecticides/fungicides/herbicides: -$2.1 billion (Up 117.3%)
  9. Potassic fertilizers: -$2 billion (Down -3.8%)
  10. Heterocyclics, nucleic acids: -$2 billion (Up 41.4%)

After 2009 Brazil’s red ink in global trade expanded for five of these top products, led by the following: processed petroleum oils (up 323.3%), phone system devices including smartphones (up 189.5%) and automobile parts and accessories (up 142.1%).

Two product-specific deficits were whittled down slightly: potassic fertilizers (down -3.8%) and integrated circuits or microassemblies (down -2.1%).

Country+

In 2016, Brazil generated a robust surplus subtotal worth $37.7 billion with the following 10 trading partners.

  1. China: US$11.8 billion (Up 175% since 2009)
  2. Netherlands: $8.5 billion (Up 18.9%)
  3. Argentina: $4.3 billion (Up 188.1%)
  4. Singapore: $2.4 billion (Up 275.9%)
  5. Iran: $2.2 billion (Up 79.6%)
  6. United Arab Emirates: $1.9 billion (Up 12.5%)
  7. Hong Kong: $1.8 billion (Up 34.4%)
  8. Belgium: $1.7 billion (Down -13.5%)
  9. Egypt: $1.7 billion (Up 23.7%)
  10. Uruguay: $1.5 billion (Up 1,119%)

Nine country-level Brazilian trade surpluses expanded since 2009, led by: Uruguay (up 1,119%), Singapore (up 275.9%) and Argentina (up 188.1%).

Only one of Brazil’s positive net exports declined: Belgium (down -13.5%).

Country-

Brazil experienced a deficit with 45 countries during 2016. The following 10 trade partners created a -$12.4 billion deficit subtotal from exchanging exports and imports.

  1. Germany: -US$4.3 billion (Up 15.7% since 2009)
  2. South Korea: -$2.6 billion (Up 16.9%)
  3. France: -$1.3 billion (Up 99.3%)
  4. Austria: -$962.9 million (Up 23%)
  5. United States: -$799 million (Down -82.1%)
  6. Nigeria: -$573.8 million (Down -84.5%)
  7. Algeria: -$557.6 million (Down -16.4%)
  8. Sweden: -$457.9 million (Down -42.3%)
  9. Czech Republic: -$429.4 million (Up 49.4%)
  10. Belarus: -$420.3 million (Down -15%)

Brazil’s county-specific trade deficits in 2016 compared to 2009 grew at the fastest pace with France (up 99.3%), Czech Republic (up 49.3%) and Austria (up 23%).

Brazil trimmed the size of its negative trade balances with five of its top partners: Nigeria (down -84.5%), United States (down -82.1%), Sweden (down -42.3%), Algeria (down -16.4%) and Belarus (down -15%).


See also Brazil’s Top 10 Major Export Companies and Brazil’s Top 10 Exports

Research Sources:
Trade Map, International Trade Centre. Accessed on January 30, 2017

Investopedia, Net Exports Definition. Accessed on January 30, 2017

The World Factbook, Field Listing: World, Central Intelligence Agency. Accessed on January 30, 2017

Wikipedia, Economy of Brazil. Accessed on January 30, 2017