US-Brazil trade rebounds from its biggest downturn in 11 years and rises by 10.9%

After bottoming out in 2020, trade between Brazil and the United States is recovering for the first time in 11 years, thanks mainly to expanded Brazilian exports totaling US$ 10.671 billion, up 25.5% for the first five months compared to the same period in 2020. American exports had a much more modest increase, in the order of 1.5%, to US$ 13.485 billion.

The trade flow (exports + imports) registered an increase of 10.9%, totaling US$ 24.163 billion. During the period, the United States had a trade surplus with Brazil of US$ 2.807 billion. The data are from SECEX (the foreign trade secretariat) of the Ministry of Finance.

See below a history of maritime cargo handling between Brazil and the USA based on DataLiner data:

Maritime Import and Export between Brazil and USA | Jan to Dec 2011 to 2020 | WTMT

Graph source: DataLiner  (To request a DataLiner demo click here)

The year 2020 was marked by a profound contraction in bilateral trade. Brazilian exports fell 27.8%, totaling US$ 21.471 billion and, in absolute terms, the United States was the most affected partner among Brazil’s main trading partners. American exports also fell, 19.8% compared to 2019, totaling US$ 27.876 billion. Last year, bilateral trade flows totaled US$49.347 billion and generated a trade surplus of US$6.405 billion in favor of the Americans.

Source: Comex do Brasil

To read the full original article, click on the link:

https://www.comexdobrasil.com/comercio-brasil-eua-se-recupera-da-maior-retracao-em-11-anos-e-tem-alta-de-109-entre-janeiro-e-maio/

Sharing is caring!