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U.S. – Brazil Trade Relations

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According to the Office of the United States Trade Representative (USTR), U.S. goods and services trade with Brazil totaled $64 billion in 2007 (latest data available). Exports totaled $34 billion and imports totaled $30 billion. The U.S. goods and services trade surplus with Brazil was $5 billion in 2007.

Currently, Brazil is the U.S.’ 11th largest goods trading partner, with $63 billion in total (two ways) goods traded during 2008. Goods exports totaled $32 billion and goods imports totaled $30 billion. The U.S. surplus with Brazil was $1.8 billion in 2008.

Trade in services with Brazil (exports and imports) totaled $13.8 billion in 2007 (latest data available). Services exports were $9.8 billion and services imports were $4 billion. The U.S. services trade surplus with Brazil was $5.8 billion in 2007.

Exports

Brazil was the U.S.’ 9th largest goods export market in 2008. U.S. goods exports to Brazil in 2008 were $32.3 billion, up 31.2 percent ($7.6 billion) from 2007, up 299 percent from 1994 (the year prior to Uruguay Round). U.S. exports to Brazil accounted for 2.5 percent of overall U.S. exports in 2008, up from 1.6 percent in 1994.

The top export categories (2-digit HS) in 2008 were: Machinery ($6.7 billion), Aircraft ($5.6 billion), Electrical Machinery ($3.5 billion), Mineral Fuel ($2.2 billion) and Organic Chemicals ($2.1 billion).

U.S. exports of agricultural products to Brazil totaled $677 million in 2008. Leading categories include: wheat ($295 million), cotton ($27 million), dairy products ($24 million) feeds and fodders (excluding pet foods) ($24 million).

U.S. exports of private commercial services, excluding military and government, to Brazil were $9.8 billion in 2007, 30.7 percent ($2.3 billion) more than 2006 and 164 percent ($6.1 billion) greater than 1994 levels. Other private services (business, professional, and technical services) and travel categories accounted for most of the U.S. exports in 2007.

Imports

Brazil was the U.S.’ 16th largest supplier of goods imports in 2008. U.S. goods imports from Brazil totaled $30.5 billion in 2008, an 18.8 percent increase ($4.8 billion) from 2007, and up 250 percent over the last 14 years. U.S. imports from Brazil accounted for 1.5 percent of overall U.S. imports in 2008, up from 1.3 percent in 1994.

The five largest import categories in 2008 were: Mineral Fuel and Oil (crude) ($8.8 billion), Iron and Steel ($3.2 billion), Machinery ($2.7 billion), Aircraft ($2.3 billion), and Woodpulp ($858 million).

U.S. imports of agricultural products from Brazil totaled $2.6 billion in 2008, the 6th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($725 million), tobacco ($304 million), red meats prepared/preserved ($303 million), and fruit and vegetable juices ($302 million).

U.S. imports of private commercial services, excluding military and government, were $4 billion in 2007 (latest data available), 21.5 percent ($711 million) more than 2006 and up 339 percent ($3.1 billion) from 1994 level. The other services category (business, professional, and technical services, and telecom services) led U.S. services imports from Brazil.

Trade Balance

The U.S. surplus with Brazil was $1.8 billion in 2008. It was a deficit of $1 billion in 2007.

The U.S. had a services trade surplus of $5.8 billion with Brazil in 2007 (latest data available).

Investment

U.S. foreign direct investment (FDI) in Brazil (stock) was $41.6 billion in 2007 (latest data available), up 25.6 percent from 2006.

U.S. direct investment in Brazil primarily is concentrated in the manufacturing sector. Brazil FDI in the U.S. (stock) was $1.4 billion in 2007 (latest data available), up 33.7 percent from 2006.

Brazil direct investment in the U.S. is reported mostly in the banking sector. Sales of services in Brazil by majority U.S.-owned affiliates were $17.7 billion in 2006 (latest data available), while sales of services in the U.S. by majority Brazil-owned firms were $995 million.

Media Contact

Leticia Phillips
Representative, North America
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