RIO DE JANEIRO, BRAZIL – The Brazilian trade balance recorded a surplus of US$61 billion in 2021, according to the Ministry of Economy released on Monday, December 3.
In the accumulated last year, exports grew 34% compared to 2020 and totaled US$280.4 billion. Imports grew 38.2% and totaled US$ 219.4 billion.
China remained Brazil’s leading trade partner, accounting for 31.3% of Brazilian exports in 2021 and 21.7% of imports, followed by the United States and Argentina. See rankings below.
Countries with the largest shares in Brazilian exports:
- China: US$87.7 billion (31.3%)
- United States: US$31.1 billion (11.1%)
- Argentina: US$11.9 billion (4,2%)
- The Netherlands: US$9.3 billion (3.3%)
- Chile: US$7 billion (2.5%)
- Singapore: US$5.9 billion (2.1%)
- Mexico: US$5.6 billion (1.98%)
- South Korea: US$5.5 billion (1.97%)
- Japan: US$5.5 billion (1.97%)
- Spain: US$5.4 billion (1.94%)
Other countries: US$105.4 billion (37.6%)
Among the countries that most increased their participation in Brazilian exports, Argentina stands out, with a 40% increase in the total value compared to 2020. There was also a significant increase in purchases made by the USA (+44.9%), the European Union (+32.1%), and China, Hong Kong, and Macau (+28%).
Countries with the largest shares in Brazilian imports:
- China: US$47.7 billion (21.7%)
- United States: US$39.4 billion (18%)
- Argentina: US$11.9 billion (5.4%)
- Germany: US$11.3 billion (5.2%)
- India: US$6.7 billion (3.1%)
- Russia: US$5.7 billion (2.6%)
- Italy: US$5.5 billion (2.5%)
- Japan: US$5.1 billion (2.4%)
- South Korea: US$5.1 billion (2.3%)
- France: US$4.8 billion (2.2%)
Other countries: US$76.1 billion (34.7%)
Compared to the previous year, the increase in the volumes purchased from Argentina (+51.3%), the USA (41.3%), China, Hong Kong, and Macau (+36.7%), and the European Union (+26.2%) stand out.
Soy, iron ore and oil represent 40% of exports.
The surplus of 2021 happened in a year marked by the growth in prices of commodities (products with a basic price, such as food, oil, and minerals) and by the high dollar.
Among exports, the most significant advances occurred in the extractive industry products (62.4%), leveraged by sales of iron ore (72.9%) and oil (54.3%).
The agribusiness sector increased its foreign shipments by 22.2%, mainly soybeans, with a 35.3% increase.
Manufacturing exports grew 26.3%, with the sector recovering from a -9% drop in 2020.
In a note, the Institute for Industrial Development Studies (Iedi) highlighted that the participation of the manufacturing industry in the aggregate of Brazilian exports continues on a contraction path. In 2021 it will represent 51% of total exports, against a share of 81% 20 years ago.
“Not only did the primarization of Brazil’s export profile advance last year, but the concentration in a few products also increased. In 2021, only soybeans, iron ore, and crude oil represented 40% of the country’s total exports. In 2020 these same items represented 35% of the total,” highlighted Iedi.
With information from G1
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+2.97%
177,866
+2.97%
66,496
+0.59%
11,057
+0.28%
3,280,224
+2.43%
2,307.67
+0.65%
56,194.27
+1.29%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,866 | +2.97% | +30.07% | 172,742 | — | — | — |
| USD/BRL | 5.11 | +0.02% | -8.32% | 5.11 | 5.11 | 5.11 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| PETR4 | 39.65 | +1.12% | +22.98% | 39.21 | 39.97 | 39.34 | 27,213,400 |
| VALE3 | 74.18 | +1.41% | +34.19% | 73.15 | 74.66 | 73.12 | 22,118,800 |
| ITUB4 | 44.30 | +4.02% | +29.44% | 42.59 | 44.34 | 43.23 | 28,691,300 |
| BBDC4 | 18.86 | +4.78% | +16.85% | 18.00 | 18.87 | 18.32 | 47,714,200 |
| BBAS3 | 20.58 | +2.90% | -2.97% | 20.00 | 20.67 | 20.25 | 24,323,000 |
| B3SA3 | 15.42 | +4.26% | +9.44% | 14.79 | 15.53 | 15.19 | 41,437,800 |
| ABEV3 | 15.82 | +0.64% | +19.58% | 15.72 | 15.99 | 15.72 | 34,764,700 |
| WEGE3 | 46.51 | +1.68% | +16.57% | 45.74 | 46.80 | 46.11 | 7,145,200 |
| PRIO3 | 55.45 | -0.29% | +32.66% | 55.61 | 56.29 | 55.04 | 6,818,400 |
| SUZB3 | 41.55 | +1.27% | -16.65% | 41.03 | 41.87 | 41.20 | 8,080,900 |
| RENT3 | 41.10 | +4.31% | +7.45% | 39.40 | 41.32 | 40.31 | 8,338,600 |
| AZZA3 | 19.10 | +3.47% | -47.66% | 18.46 | 19.30 | 18.81 | 1,703,700 |
| CSNA3 | 5.18 | +7.92% | -37.82% | 4.80 | 5.20 | 4.95 | 14,591,200 |
| GGBR4 | 23.01 | +2.36% | +36.32% | 22.48 | 23.10 | 22.58 | 10,449,600 |
| ENEV3 | 27.55 | +5.15% | +107.61% | 26.20 | 27.55 | 26.61 | 16,185,800 |
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