Brazil exported US$26.4 billion worth of merchandise to the U.S. in 2006, up 8% from 2005 and up 67% in just 4 years.
Brazilian imports from the U.S. rose 25% to $19.2 billion in 2006, up 55% since 2002.
Brazil’s biggest trade partner for both imports and exports is the United States.
In terms of the merchandise flow between the two countries, America’s trade deficit with Brazil was $7.2 billion in 2006, up 109% from 2002. The U.S. trade deficit with Brazil in 2006 decreased 22% from the year earlier.
Brazil Exports to U.S.
Of the $26.4 billion in American imports from Brazil in 2006, the following product categories had the highest values.
- Crude oil … US$2.8 billion (10.6% of Brazil to U.S. exports, up 77.2% from 2005)
- Steelmaking materials … $1.45 billion (5.5%, down 0.3%)
- Semi-finished iron & steel products … $1.38 billion (5.2%, up 9.4%)
- Industrial organic chemicals … $1.16 billion (4.4%, up 236.4%)
- Fully built civilian aircraft … $1.16 billion (4.4%, down 34.7%)
- Engines & engine parts … $1.07 billion (4.0%, up 25.6%)
- Footwear … $902.7 million (3.4%, down 11.6%)
- Finishing materials (e.g. shingles, wallboard) … $859.8 million (3.3%, up 15.4%)
- Fuel oil … $670.5 million (2.5%, down 37.4%)
- Stone, sand, cement & lime … $665.8 million (2.5%, up 37.2%)
Fastest-Growing Brazilian Exports to U.S.
Below are American imports from Brazil in 2006 with the highest percentage sales increases from 2005.
- Oil field drilling equipment & platforms … US$241.9 million (up 107% from 2005)
- Industrial organic chemicals … $1.2 billion (up 236%)
- Cotton cloth & fabrics … $36.4 million (up 154%)
- Military equipment … $14.3 million (up 133%)
- Civilian aircraft equipment … $10.97 million (up 121%)
- Precious metals … $73.3 million (up 103%)
Brazil Imports from U.S.
Of the $19.2 billion in American exports to Brazil in 2006, the following product categories had the highest values.
- Computer accessories, peripherals and parts … US$1.7 billion (8.9% of Brazil from U.S. imports, up 29.5% from 2005)
- Civilian aircraft parts … $1.19 billion (6.2%, up 39.7%)
- Civilian aircraft engines … $1.18 billion (6.2%, up 1.9%)
- Organic chemicals …. $1.14 billion (5.9%, up 17.2%)
- Fully built civilian aircraft … $1.06 billion (5.5%, up 716%)
- Oil field drilling equipment … $894.5 million (4.7%, up 146.8%)
- Plastics … $757.7 million (3.9%, up 19.1%)
- Semi-conductors … $693.6 million (3.6%, up 0.1%)
- Chemical fertilizers … $571.3 million (3.0%, up 4.5%)
- Pharmaceutical preparations … $566.2 million (2.9%, up 20.5%)
Fastest-Growing Brazilian Imports from U.S.
Below are American exports to Brazil in 2006 with the highest percentage sales increases from 2005.
- Fully built civilian aircraft … $1.06 billion (5.5%, up 716% from 2005)
- Raw cotton … $67.0 million (up 277%)
- Bodies & chassis for passenger cars … $4.1 million (up 264%)
- Oil field drilling equipment … $894.5 million (up 147%)
- Fuel oil … $119.2 million (up 131%)
- Copper … $9.2 million (up 101%)
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
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