Trade between Brazil and the United States hit a record high in the first half, fueled by fuel

The exchange of goods between Brazil and the United States reached a new record in the first half of 2022, the American Chamber of Commerce (Amsam Brazil) revealed today (15). According to the organization, trade between the two countries during the period totaled 42.7 billion US dollars, an increase of 43.2% compared to the first half of last year. The full report is available at this link.

“Bilateral trade continued to heat up in the first half of the year. The increase in international prices and, to a lesser extent, demand for products important to the bilateral agenda led to unprecedented values ​​in Brazilian imports and exports relative to the United States.”, said the Executive Vice President of Aspect Brazil. Abram Neto.

On the side of Brazilian imports from the United States, the volume handled reached US$25 billion in the first half, an increase of 52.4%. This result was particularly influenced by the purchase of fuels and energy products such as oil products, natural gas, crude oil and coal. In total, these products account for 43.7% of total Brazilian imports.

Meanwhile, Brazil’s exports to the US registered a 31.9% increase over the year. Positive performance in sales of beef, crude oil, processed timber, steel products and civil engineering equipment contributed to an unprecedented 17.7 billion USD. In the first half of the year, Brazil recorded its largest deficit with the United States, amounting to US＄ -7.4 billion. This is Brazil’s largest deficit with any trading partner in 2022.