NEW RECORD SET: BRAZIL-US TRADE REACHES US$ 88.7 BILLION

Trade between Brazil and the United States in 2022 reached a historic level of US 88.7 billion. An original analysis of Amcham’s “Brazil-US Trade Monitor” indicates that the value surpassed the previous record set in 2021 by US$18.2 billion (25.8%). The Brazil-US Monitor shows that bilateral trade performed above the average for Brazilian foreign trade. The growth of exports from Brazil to the world was 19.3%, while to the United States, it was 20.2%. The increase in total Brazilian imports was 24.3%, while the increase in purchases from the United States was 30.3%. As a result, the North American share in the Brazilian trade flow rose to 14.6%, reaching the highest level since the pandemic’s beginning.

Sources: Canal Rural/Datamar News