After bottoming out in 2020, trade between Brazil and the United States is recovering for the first time in 11 years, thanks mainly to expanded Brazilian exports totaling US$ 10.671 billion, up 25.5% for the first five months compared to the same period in 2020. American exports had a much more modest increase, in the order of 1.5%, to US$ 13.485 billion. The trade flow (exports + imports) registered an increase of 10.9%, totaling US$ 24.163 billion. During the period, the United States had a trade surplus with Brazil of US$ 2.807 billion. The data are from SECEX (the foreign trade secretariat) of the Ministry of Finance. The year 2020 was marked by a profound contraction in bilateral trade. Brazilian exports fell 27.8%, totaling US$ 21.471 billion and, in absolute terms, the United States was the most affected partner among Brazil’s main trading partners. American exports also fell, 19.8% compared to 2019, totaling US$ 27.876 billion. Last year, bilateral trade flows totaled US$49.347 billion and generated a trade surplus of US$6.405 billion in favor of the Americans.
Sources: Comex do Brasil/Datamar News