December 4, 2022
Brazil-US trade reached US$67 billion and hit a record in the first nine months

Brazil-US trade reached US$67 billion and hit a record in the first nine months

In the first nine months of 2022, US$ 67.3 billion in merchandise trade was reported between Brazil and the US, a record value for the period and an increase of 36% (or US$ 17.8 billion) compared to the same period in 2021. Study of Amcham Brazil. Data are from the Brazil-US Trade Monitor. The document, published quarterly by the American Chamber of Commerce, also indicates that trade flows between the two countries are set to surpass an unprecedented US$80 billion by 2022.

According to Amcham’s estimates, the year 2022 will record a record in bilateral trade, with unprecedented import and export values. The forecast is based on increased demand and higher international prices for items critical to the bilateral agenda.

“In a very volatile external environment, Brazil and the United States have contributed to mutual security in terms of energy and strategic inputs,” points out Abro Neto, Executive Vice President of AmCham Brazil.

Imports are at an even faster pace

Imports from the US to Brazil continue to grow at a strong pace, outpacing exports (44.1% vs. 26%). In absolute terms, Brazilians bought US$39.4 billion from the United States. Although still very high, the growth has slowed slightly compared to the 1st semester.

Exports from Brazil to the US set a new record for the year at US$27.9 billion. Although its growth (+26%) is at a slower pace than imports, it is very widespread, with an emphasis on crude oil, pig iron, coffee, timber and engineering equipment. The last record was during the same period in 2021.

Trade contributes to security

In Amsam’s assessment, against the backdrop of uncertainties in the external environment and shocks in production chains, Trade between Brazil and the United States It helped both countries strengthen their defenses. The energy sector has a growing share of bilateral trade in inputs and essential commodities for food production.

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