|DOING BUSINESS WITH BRAZIL
YOUR USBRAZIL TRADE ASSIST
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BRAZIL'S TRADING PARTNERS
Brazil’s top three trading partners by country – for the year 2016 – were China with total trade in goods of
US$58.5 billion, followed by the USA (including Puerto Rico) with US$47.3 billion, and Argentina with US$22.5
When compared with the previous year, Brazil’s exports and imports in 2016 to all regions shrunk by 3.1
percent and 19.8 percent, respectively.
The chart below shows imports and exports by area for 2016.
Source: Brazil MDIC/Secex, April 2017
US-BRAZIL TRADE 2006-2016
According to US foreign trade statistics, published by the US Census Bureau, Brazil dropped from 9th to 14th
place among US top trade partners during the period 2014 to 2016 with 1.5 percent of total trade in 2016, a value
of US$56.5 billion. Exports totaled US$30.3 billion; imports totaled US$26.2 billion.
Brazil’s total trade with the USA grew steadily over the period 2005 to 2008 from US$39.9 billion to US$62.7
billion, representing an increase of 58 percent. Due to the 2009 global economic crisis, this growth was
interrupted, as seen in the diagram below.
Trade between the USA and Brazil recovered and expanded during 2010-2011, surpassing levels in 2008. In
2016, due to Brazil's persistent economic woes aggravated by the drop in oil prices, exports and imports
plummeted by 29 percent and 14 percent, respectively, when compared to the previous year.
Source: US Census Bureau, February 2017
See next page for Brazil Import-Export Regulations.