• Countries & Regions
  • Western Hemisphere
  • Brazil

    • Brazil

    Initiatives

    The United States engages with Brazil on trade and investment matters through a number of initiatives. 

    In 2011, the United States and Brazil signed the Agreement on Trade and Economic Cooperation to enhance cooperation on trade and investment between the Western Hemisphere's two largest economies. The agreement expands our direct trade and investment relationship by providing a framework to deepen cooperation on a number of issues of mutual concern, including innovation, trade facilitation and technical barriers to trade.  

    In 2019, Brazil GDP was an estimated $1.8 trillion (current market exchange rates); real GDP was up by an estimated 1.1%; and the population was 210 million. (Source: IMF) 

    U.S. goods and services trade with Brazil totaled an estimated $105.1 billion in 2019. Exports were $67.4 billion; imports were $37.6 billion. The U.S. goods and services trade surplus with Brazil was $29.8 billion in 2019. 

    Brazil is currently our 14th largest goods trading partner with $73.7 billion in total (two way) goods trade during 2019. Goods exports totaled $42.9 billion; goods imports totaled $30.8 billion. The U.S. goods trade surplus with Brazil was $12.0 billion in 2019. 

    Trade in services with Brazil (exports and imports) totaled an estimated $31.4 billion in 2019. Services exports were $24.6 billion; services imports were $6.8 billion. The U.S. services trade surplus with Brazil was $17.8 billion in 2019. 

    Exports 

    • Brazil was the United States' 9th largest goods export market in 2019. 

    • U.S. goods exports to Brazil in 2019 were $42.9 billion, up 8.7% ($3.4 billion) from 2018 and up 64.2% from 2009.  U.S. exports to Brazil account for 3% of overall U.S. exports in 2019. 

    • The top export categories (2-digit HS) in 2019 were: mineral fuels ($12 billion), aircraft ($7.0 billion), machinery ($4.9 billion), electrical machinery ($3.4 billion), and organic chemicals ($2.0 billion). 

    • U.S. total exports of agricultural products to Brazil totaled $610 million in 2019. Leading domestic export categories include: wheat ($86 million), feeds & fodders not elsewhere specified or indicated ($49 million), eggs & products ($40 million), dairy products ($35 million), and prepared food ($34 million). 

    • U.S. exports of services to Brazil were an estimated $24.6 billion in 2019, 8.4% ($2.2 billion) less than 2018, but 81.0% greater than 2009 levels.  Leading services exports from the U.S. to Brazil were in the travel, transport, and telecommunications, computer, and information services sectors. 

    Imports 

    • Brazil was the United States' 17th largest supplier of goods imports in 2019. 

    • U.S. goods imports from Brazil totaled $30.8 billion in 2019, down 1.2% ($371 million) from 2018, but up 54% from 2009.  U.S. imports from Brazil account for 1.2% of overall U.S. imports in 2019. 

    • The top import categories (2-digit HS) in 2019 were: mineral fuels ($5.2 billion), iron and steel ($3.4 billion), aircraft ($2.7 billion), special other (returns) ($2.5 billion), and machinery ($2.4 billion). 

    • U.S. total imports of agricultural products from Brazil totaled $3.3 billion in 2019, our 8th largest supplier of agricultural imports. Leading categories include: unroasted coffee ($1.0 billion), fruit & vegetable juices ($378 million), red meats, prepared or preserved ($326 million), tobacco ($221 million), and essential oils ($122 million). 

    • U.S. total imports of agricultural products from Brazil totaled $3.3 billion in 2019, our 8th largest supplier of agricultural imports. Leading categories include: unroasted coffee ($1.0 billion), fruit & vegetable juices ($378 million), red meats, prepared or preserved ($326 million), tobacco ($221 million), and essential oils ($122 million). 

    • U.S. imports of services from Brazil were an estimated $6.8 billion in 2019, 1.4% ($96 million) more than 2018, and 44.5% greater than 2009 levels.  Leading services imports from Brazil to the U.S. were in the travel, professional and management services, and telecommunications, computer, and information services sectors. 

    Trade Balance 

    • The U.S. goods trade surplus with Brazil was $12.0 billion in 2019, a 46.6% increase ($3.8 billion) over 2018. 

    • The United States has a services trade surplus of an estimated $18 billion with Brazil in 2019, down 11.6% from 2018. 

    Investment 

    • U.S. foreign direct investment (FDI) in Brazil (stock) was $81.7 billion in 2019, a 3.4% increase from 2018. U.S. direct investment in Brazil is led by manufacturing, finance and insurance, and mining. 

    • Brazil's FDI in the United States (stock) was $4.6 billion in 2019, up 83.7% from 2018. Brazil's direct investment in the U.S. is led by depository institutions, manufacturing, and finance and insureance. 

    • Sales of services in Brazil by majority U.S.-owned affiliates were $40.2 billion in 2017 (latest data available), while sales of services in the United States by majority Brazil-owned firms were $2.7 billion.