Brazil - United States Trade 2024 Q4: Balanced Surge
Key Market Takeaways: Brazil - United States Trade
The bilateral trade relationship between Brazil and United States grew steadily with balanced dynamics in Q4 2024.
- Economic Pulse: Brazil maintained a $0.67B trade surplus ($11.14B exports vs. $10.47B imports), supported by consistent YoY growth in both directions.
- Exchange Structure: Brazil - United States trade statistics reveal a resource-for-tech complementarity—Brazil supplies fuels and raw materials, while the U.S. dominates machinery and high-tech imports.
- Strategic Interdependence: The partnership reflects stable, diversified trade flows, with Brazil as a key commodity supplier and the U.S. as a critical technology provider.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-United States Trade Trend in Q4 2024
Brazil Export Performance: Shipments to United States
- Total Volume: $11.14B in Q4 2024.
- Growth Trend & Context:
- YoY growth remained positive across all months (6.89% in Oct, 10.59% in Nov, 8.76% in Dec), indicating sustained demand.
- Key Volatility: October saw the sharpest MoM jump (+12.53%), while December growth nearly flatlined (+0.29%).
Brazil Import Performance: Sourcing from United States
- Total Volume: $10.47B in Q4 2024.
- Growth Trend & Context:
- YoY growth was mixed but net positive (6.28% in Oct, 16.59% in Nov, 7.5% in Dec), suggesting stable procurement.
- Key Volatility: November recorded the steepest MoM drop (-16.51%), followed by a partial recovery in December (+5.53%).
Brazil - United States Trade Balance & Market Dynamics
- Net Position: Brazil held a trade surplus of $0.67B (Exports: $11.14B > Imports: $10.47B).
- Relationship Status: Brazil maintains a net exporter role with the U.S., though the surplus is modest, reflecting balanced bilateral trade.
Brazil Import Trend from United States 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 3.86B | -5.29% | 6.28% |
| Nov | 3.22B | -16.51% | 16.59% |
| Dec | 3.40B | 5.53% | 7.5% |
| Total | 10.47B | - | - |
Brazil Export Trend to United States 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 3.66B | 12.53% | 6.89% |
| Nov | 3.73B | 1.9% | 10.59% |
| Dec | 3.74B | 0.29% | 8.76% |
| Total | 11.14B | - | - |
Get Historical Brazil United States Trade Records
Brazil-United States Top Trading Products in Q4 2024
Brazil Export Profile: What Does Brazil Sell to United States
- Top Commodity: Rank #1 Export is HS 27 (Mineral Fuels, Oils) at 18.23% of total exports.
- Demand Driver: United States uses these for industrial processing and energy needs.
- Concentration: No single category dominates (>50% share). Exports are diversified across multiple sectors.
Brazil Import Profile: What Does Brazil Buy from United States
- Top Commodity: Rank #1 Import is HS 84 (Nuclear Reactors, Machinery) at 26.77% of total imports.
- Dependency Nature: Critical technology dependency, reflecting Brazil's need for high-tech industrial equipment.
Brazil - United States Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Brazil exports raw materials (fuels, metals) while importing machinery and high-tech goods.
- Value Chain Position: United States holds the higher value-add position, supplying advanced machinery and pharmaceuticals, while Brazil provides commodities.
Import Analysis by Product: United States to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 2.80B | 26.77% |
| 27 | 2.42B | 23.10% |
| 39 | 661.76M | 6.32% |
| 30 | 537.90M | 5.14% |
| 29 | 494.16M | 4.72% |
| 38 | 485.59M | 4.64% |
| 90 | 485.01M | 4.63% |
| 88 | 438.18M | 4.18% |
| 85 | 436.96M | 4.17% |
| 87 | 277.77M | 2.65% |
Export Analysis by Product: Brazil to United States (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 2.03B | 18.23% |
| 72 | 1.13B | 10.15% |
| 88 | 1.05B | 9.42% |
| 84 | 958.24M | 8.60% |
| 09 | 706.18M | 6.34% |
| 20 | 474.74M | 4.26% |
| 47 | 427.03M | 3.83% |
| 02 | 411.79M | 3.70% |
| 44 | 411.16M | 3.69% |
| 85 | 400.35M | 3.59% |
Check Detailed Brazil-United States Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Brazil - United States trade forecast remains positive, with sustained demand for Brazilian commodities and U.S. high-tech exports driving steady growth. Given the complementary nature of the relationship—Brazil’s mineral fuels and the U.S.’s machinery—trade volumes are likely to expand further in 2025, barring geopolitical disruptions. However, volatility in monthly growth rates signals the need for proactive risk management, particularly in pricing and logistics. Traders should prepare for tighter margins in Brazil’s export-heavy sectors as global competition intensifies.
Strategic Moves
- Lock in Long-term Fuel Contracts: Brazilian exporters of HS 27 (Mineral Fuels) should secure multi-year agreements with U.S. industrial buyers to stabilize revenue amid fluctuating energy markets.
- Diversify Tech Imports: Brazilian importers reliant on U.S. machinery (HS 84) must explore alternative suppliers in Europe or Asia to mitigate over-dependency and negotiate better terms.
- Optimize Trade Financing: Both sides should leverage structured trade finance instruments, such as letters of credit with flexible terms, to smooth out cash flow disruptions from seasonal volatility.
Frequently Asked Questions
How did Brazil - United States trade perform in 2024 Q4?
Brazil exported $11.14B to the U.S. with positive YoY growth, while imports totaled $10.47B, showing mixed but net-positive growth.
What are the top exports from Brazil to United States?
The top export is HS 27 (Mineral Fuels, Oils), accounting for 18.23% of total exports, reflecting Brazil's role as a key energy supplier.
What does Brazil import from United States?
The top import is HS 84 (Nuclear Reactors, Machinery), making up 26.77% of total imports, highlighting Brazil's reliance on U.S. high-tech equipment.
What is the trade balance between Brazil and United States?
Brazil held a trade surplus of $0.67B in Q4 2024, maintaining its net exporter role with balanced bilateral trade.
Brazil - United States Trade 2024 Q1: Growth with Volatility
Brazil's trade surplus with the U.S. hit $130M in Q1 2024, fueled by resource-for-tech exchanges. Explore Brazil United States trade trends and top trading products on yTrade.
Brazil - United States Trade 2025 Q1: Deficit with Momentum
Brazil's United States trade trend shows a $1.20B deficit, fueled by rising U.S. demand. Top trading products include fuels and machinery, per yTrade data.
