Brazil's foreign trade in 2019

Brazil's foreign trade in 2019

According to statistics from the Brazilian Ministry of Economy, Brazil's total exports in 2019 were US$205.86 billion, a year-on-year decrease of 14%. The total imports of the year were 164.789 billion US dollars, a year-on-year decrease of 9%.

Brazil's top five export destinations are China, the United States, the Netherlands, Argentina and Japan. The proportion of exports to the top five export destinations in total exports are 28%, 13%, 5%, 4% and 2%. Other major export destination countries include Chile, Mexico, Germany, Spain and South Korea.

In 2019, Brazil’s exports to China were USD 57.62 billion, a year-on-year decrease of 10%; exports to the United States were USD 26.95 billion, a year-on-year decrease of 6%; exports to the Netherlands were USD 9.58 billion, a year-on-year decrease of 27%; exports to Argentina were USD 9.01 billion, a year-on-year decrease of 40 %; The export to Japan was US$4.76 billion, a year-on-year increase of 10%.

Brazil's main export products in 2019 include: soybeans, iron ore, petroleum, corn, pulp, chicken, soybean meal, etc. Among them, soybean exports amounted to US$26.11 billion, down 21% year-on-year, exports amounted to 74.03 million tons, down 11% year-on-year; iron ore exports amounted to US$24 billion, down 5% year-on-year, and exports amounted to 610 million tons, up 6% year-on-year; Petroleum exports amounted to US$22.18 billion, a year-on-year increase of 10%, exports were 34.05 million tons, a year-on-year decrease of 13%; corn was US$7.42 billion, a year-on-year increase of 86%, and exports were 4.328 million tons, a year-on-year increase of 88%.

The top five import sources of Pakistan are: China, the United States, Argentina, Germany, and South Korea. The top five import sources account for 21%, 18%, 6%, 6%, and 3% of total imports. Other main sources of imports include India, Mexico, Japan and Italy.

Pakistan imported US$35.27 billion from China in 2019, a year-on-year increase of 2%; imports from the US US$30.09 billion, a year-on-year increase of 4%; imports from Argentina US$10.55 billion, a year-on-year decrease of 5%; imports from Germany US$10.28 billion, a year-on-year decrease of 3% , Imports 4.7 billion U.S. dollars from South Korea, down 13% year-on-year.

Brazil's main imported products mainly include: refined oil, crude oil, auto parts, communication equipment, non-navigation ships, integrated circuits, medicines, pesticides, various pipe fittings, fertilizers, etc. Brazil imported 12.98 billion US dollars of refined oil in 2019, a year-on-year increase of 1%; imported crude oil US$4.65 billion, a year-on-year decrease of 8%; imported auto parts US$4.6 billion, a year-on-year decrease of 22%; imported communication equipment US$4.43 billion, a year-on-year increase of 4%; Ships for non-navigation use US$4.4 billion, a year-on-year decrease of 54%; integrated circuits US$4.1 billion, a year-on-year decrease of 10%; pharmaceuticals US$3.71 billion, a year-on-year increase of 7%; pesticides US$3.61 billion, a year-on-year increase of 22%; various types of pipe fittings 3.55 billion US dollars, a year-on-year increase of 258%; chemical fertilizers were US$3.46 billion, a year-on-year increase of 11%.