Top Brazilian Trade Balances

Rio de janeiro

Rio de Janeiro

Brazil’s overall trade surplus for all products equaled US$67 billion in 2017, up by 232.5% from a $20.1 billion surplus in 2010. Year over year, the $67 billion in black ink in 2017 represents a robust 40.5% improvement from the $47.7 billion surplus that Brazil generated for 2016.

As of June 2018, Brazil’s trade surplus stood at $29.9 billion down -17.6% compared to the first 6 months of 2017.

Food products including soya beans, sugar, chicken, corn and frozen beef were major factors behind Brazil’s highest trade surpluses by product.

China and Argentina placed first and second respectively among trade partners with which Brazil experienced the highest positive trade balances.

Top Brazilian Trade Balances by Product and Country

Product+

The following 10 leading products generated a surplus subtotal of $100.5 billion for Brazil in its global trade during 2017. Metrics listed below highlight Brazil’s strongest competitive advantages over worldwide trading partners in terms of commodities.

  1. Soya beans: US$25.6 billion (Up 133% since 2010)
  2. Iron ores, concentrates: $19.2 billion (Down -33.6%)
  3. Crude oil: $13.7 billion (Up 120.3%)
  4. Sugar (cane or beet): $11.4 billion (Down -10.6%)
  5. Poultry meat: $6.6 billion (Up 10.4%)
  6. Chemical woodpulp (non-dissolving): $5.8 billion (Up 40.9%)
  7. Soya-bean oil-cake, other solid residues: $5 billion (Up 5.6%)
  8. Coffee: $4.5 billion (Down -12.4%)
  9. Corn: $4.4 billion (Up 106.6%)
  10. Frozen beef: $4.3 billion (Up 29%)

Leading increases for Brazil’s product surpluses from 2010 to 2017 were soya beans (up 133%), crude oil (up 120.3%), corn (up 106.6%) and non-dissolving chemical woodpulp (up 40.9%).

Product-

The 10 major products below accumulated a deficit subtotal of -$37.3 billion for Brazil in international trade during 2017. Brazil exhibited the severest competitive disadvantages in terms of red ink from exporting and importing the following goods.

  1. Processed petroleum oils: -US$10.1 billion (Up 24.8% since 2010)
  2. Phone system devices including smartphones: -$4.1 billion (Up 96.7%)
  3. Integrated circuits/microassemblies: -$4.1 billion (Up 5.2%)
  4. Coal, solid fuels made from coal: -$3.4 billion (Up 15.8%)
  5. Automobile parts/accessories: -$3.3 billion (Up 82.3%)
  6. Blood fractions (including antisera): -$2.8 billion (Up 10.4%)
  7. Potassic fertilizers: -$2.4 billion (Up 8%)
  8. Fertilizer mixes: -$2.4 billion (Up 196.6%)
  9. Petroleum gases: -$2.38 billion (Down -41.1%)
  10. Medication mixes in dosage: -$2.3 billion (Up 3.1%)

Brazil’s red ink in global trade expanded at the fastest pace for the following products: fertilizer mixes (up 196.6%), phone system devices including smartphones (up 96.7%), automobile parts or accessories (up 82.3%) and processed petroleum oils (up 24.8%).

Petroleum gases was the sole top product-specific deficit that shrank from 2010 to 2017 via a -41.1% reduction.

Country+

In 2017, Brazil earned a surplus subtotal worth $50.7 billion with the following 10 trading partners.

  1. China: US$20.2 billion (Up 288.5% since 2010)
  2. Argentina: $8.2 billion (Up 100.2%)
  3. Netherlands: $7.4 billion (Down -13%)
  4. Iran: $2.5 billion (Up 26.1%)
  5. United Arab Emirates: $2.3 billion (Up 38.4%)
  6. Egypt: $2.3 billion (Up 25.8%)
  7. Hong Kong: $2.1 billion (Up 112%)
  8. Singapore: $2.09 billion (Up 353.1%)
  9. United States: $1.96 billion (Reversing a -$7.8 billion deficit)
  10. India: $1.7 billion (Reversing a -$750.1 million deficit)

Seven country-level Brazilian trade surpluses expanded since 2010, led by Singapore (up 353.1%), China (up 288.5%), Hong Kong (up 112%) and Argentina (up 100.2%).

Meanwhile, both the United States and India transitioned from red ink in their trade with Brazil in 2010 to billion-dollar surpluses for 2017.

Country-

Brazil experienced a deficit with 45 countries during 2017. The following 10 trade partners created a -$13.6 billion deficit subtotal from exchanging exports and imports.

  1. Germany: -US$4.3 billion (Down -2.2% since 2010)
  2. South Korea: -$2.2 billion (Down -53.6%)
  3. France: -$1.5 billion (Up 23.5%)
  4. Switzerland: -$1.2 billion (Down -14.8%)
  5. Algeria: -$1.1 billion (Down -26%)
  6. Australia: -$898.6 million (Up 17.2%)
  7. Austria: -$775.1 million (Down -31.8%)
  8. Sweden: -$623.4 million (Down -54.4%)
  9. Belarus: -$530.7 million (Down -18.8%)
  10. Vietnam: -$453.4 million (Up 4,298%)

Brazil’s county-specific trade deficits in 2017 compared to 2010 grew at the fastest pace with Vietnam (up 4,298%), France (up 23.5%) and Australia (up 17.2%).

Brazil trimmed the size of its negative trade balances with seven of its top partners led by Sweden (down -54.5%), South Korea (down -53.6%) and Algeria (down -26%).








See also Brazil’s Top 10 Imports, Brazil’s Top Trade Partners, Highest Value Brazilian Export Products and Brazil’s Top 10 Major Export Companies

Research Sources:
Trade Map, International Trade Centre. Accessed on August 31, 2018

Investopedia, Net Exports Definition. Accessed on August 31, 2018

The World Factbook, Field Listing: World, Central Intelligence Agency. Accessed on August 31, 2018

Wikipedia, Economy of Brazil. Accessed on August 31, 2018