Top Brazilian Trade Balances

Rio de janeiro

Rio de Janeiro

Food products including soya beans, corn, 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$19.7 billion in 2015, down by -33.9% from $29.8 billion for 2011. Year over year, the $19.7 billion in black ink represents a dramatic improvement from the -$4 billion deficit that Brazil incurred during 2014.

Top Brazilian Trade Balances by Product and Country

Product+

The following 10 leading products generated a surplus subtotal of $78.5 billion for Brazil in its global trade during 2015. Metrics listed below highlight Brazil’s strongest competitive advantages over worldwide trading partners.

  1. Soya beans: US$20.9 billion (up 28% since 2011)
  2. Iron ores, concentrates: $14.1 billion (down -66.3%)
  3. Sugar (cane or beet): $7.6 billion (down -48.9%)
  4. Poultry meat: $6.4 billion (down -12%)
  5. Soya-bean oil-cake, other solid residues: $5.8 billion (up 2.3%)
  6. Coffee: $5.5 billion (down -31.1%)
  7. Chemical woodpulp (non-dissolving): $5 billion (up 17.6%)
  8. Corn: $5 billion (up 92.8%)
  9. Crude oil: $4.4 billion (down -41.5%)
  10. Frozen beef: $3.9 billion (up 13.7%)

Five of Brazil’s top product surpluses rose in value from 2011 to 2015 led by corn (up 92.8%), soya beans (up 28%) and non-dissolving chemical woodpulp (up 17.6%).

Positive trade balances for the remaining five products fell in value. The top decliners were: iron ores and concentrates (down -66.3%), cane or beet sugar (down -48.9%) and crude oil (down -41.5%).

Product-

The 10 major products below accumulated a deficit subtotal of -$35.2 billion for Brazil in international trade during 2015. Brazil has demonstrated the severest competitive disadvantages in the exports and imports of the following commodities.

  1. Processed petroleum oils: -US$6.9 billion (down -44.9% since 2011)
  2. Petroleum gases: -$5.9 billion (up 30.2%)
  3. Phone system devices including smartphones: -$4 billion (up 11.7%)
  4. Automobile parts/accessories: -$3.1 billion (up 31.5%)
  5. Integrated circuits/microassemblies: -$2.9 billion (down -31.7%)
  6. Packaged insecticides/fungicides/herbicides: -$2.8 billion (up 88.5%)
  7. Blood fractions (including antisera): -$2.7 billion (up 5.8%)
  8. Potassic fertilizers: -$2.5 billion (down -27.8%)
  9. Medication mixes in dosage: -$2.3 billion (down -6.6%)
  10. TV/radio/radar device parts: -$2.1 billion (down -37.7%)

Brazil’s red ink in global trade expanded for five of these top products, led by the following: packaged insecticides, fungicides and herbicides (up 88.5%), automobile parts or accessories (up 31.5%) and petroleum gases (up 30.2%).

The five trade products showing the deficit declines were: refined petroleum (down -44.9%), TV/radio/radar device parts (down -37.7%), integrated circuits or microassemblies (down -31.7%),potassic fertilizers (down -27.8%) and medication mixes in dosage (down -6.6%).

Country+

In 2015, Brazil generated a robust surplus subtotal worth $27.5 billion with the following 10 trading partners.

  1. Netherlands: US$7.6 billion (down -33.4% since 2011)
  2. China: $4.9 billion (down -57.6%)
  3. Argentina: $2.5 billion (down -56.7%)
  4. Venezuela: $2.3 billion (down -30.6%)
  5. United Arab Emirates: $2 billion (up 20.8%)
  6. Egypt: $1.9 billion (down -14.5%)
  7. Iran: $1.7 billion (down -27.6%)
  8. Paraguay: $1.6 billion (down -29.5%)
  9. Uruguay: $1.5 billion (up 258.4%)
  10. Hong Kong: $1.5 billion (up 26.6%)

Only three country-level Brazilian trade surpluses expanded since 2011: Uruguay (up 258.4%), Hong Kong (up 26.6%) and United Arab Emirates (up 20.8%).

Brazil’s positive net exports declined with seven of its top partners, led by China (down -57.6%) and Argentina (down -56.7%) .

Country-

Brazil experienced a losing international trade relationship with 62 countries, islands or territories. The following 10 trade partners created a -$21 billion deficit subtotal in 2015 from exchanging exports and imports.

  1. Germany: -US$5.2 billion (down -15.7% since 2011)
  2. Nigeria: -$3.9 billion (down -45.2%)
  3. United States: -$2.5 billion (down -69.3%)
  4. South Korea: -$2.3 billion (down -57.5%)
  5. France: -$2.2 billion (up 97.2%)
  6. Italy: -$1.4 billion (up 79.7%)
  7. Bolivia: -$1 billion (down -24.2%)
  8. Algeria: -$820 million (down -50.1%)
  9. Mexico: -$789.6 million (down -32.5%)
  10. Austria: -$762 million (down -27.6%)

Brazil’s trade deficit with France grew by 97.2% from 2011 to 2015. The only other negative tally for Brazilian net exports with one of the above countries was with Italy, up 79.7%.

Brazil trimmed the size of its negative trade balances with the remaining eight top partners, led by: United States (down -69.3%), South Korea (down -57.5%) and Algeria (down -50.1%).


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

Research Sources:
Trade Map, International Trade Centre. Accessed on November 16, 2016

Investopedia, Net Exports Definition. Accessed on November 16, 2016

The World Factbook, Field Listing: World, Central Intelligence Agency. Accessed on November 16, 2016

Wikipedia, Economy of Brazil. Accessed on November 16, 2016