
Brazilian exports to exceeded Brazil’s imports from Asian nations by $5.5 billion in 2014. Similarly, Brazil achieved a $5 billion trading surplus with Middle Eastern countries, and generated a $10.2 billion balance from other Latin American countries (excluding Mexico) and Caribbean islands.
The fact that Brazil earns these country-specific trade surpluses indicates Brazilian competitive advantages albeit for a specific set of export products highlighted below.
These major product supply advantages provide a silver lining for the grim fact that Brazil carried a -$4 billion trade deficit during 2014 despite achieving a $16.9 billion surplus in 2010 and a $2.6 billion positive balance for 2013.
Brazil Major Product Supply Advantages
- Top 10
- Growth
- Detail
Top 10
Presented in descending order, the following list showcases the general product categories under which Brazil earned the highest trade surpluses in 2014.
- Ores, slag and ash: US$27.2 billion (21.7% of all product surpluses)
- Oil seed: $23 billion (18.4%)
- Meat: $14.9 billion (11.9%)
- Sugar, sugar confectionery: $9.5 billion (7.6%)
- Food industry waste and animal fodder: $7.1 billion (5.7%)
- Coffee, tea, spices: $6.4 billion (5.2%)
- Iron and steel: $6.2 billion (5%)
- Woodpulp: $5 billion (4%)
- Raw hides, skins excluding furskins and leather:$2.9 billion (2.3%)
- Tobacco: $2.5 billion (2%)
The above top 10 product categories represent 83.7% of Brazil’s overall product-category surplus subtotal which amounted to $125.1 billion. For that subtotal, 41 of Brazil’s 97 general product categories delivered a surplus in 2014 while the remaining 56 categories incurred deficits.
Growth
Detail
Brazil Major Product Supply Advantages by Country
- Top 10
- Growth
- Netherlands
- Venezuela
- China
Top 10
Presented in descending order, the following list shows with which trade partners Brazil earned the highest trade surpluses in 2014.
- Netherlands: US$9.9 billion (18.6% of Brazilian country-specific surpluses)
- Venezuela: $3.5 billion (6.5%)
- China: $3.3 billion (6.2%)
- Singapore: $2.5 billion (4.8%)
- Hong Kong: $2.4 billion (4.6%)
- United Arab Emirates: $2.3 billion (4.4%)
- Egypt: $2.2 billion (4.1%)
- Paraguay: $2 billion (3.7%)
- Belgium: $1.4 billion (2.7%)
- Iran: $1.4 billion (2.7%)
The above 10 trade partners represent 63.1% of Brazil’s subtotal surplus of $53.2 billion from the 156 geographic entities with which Brazil demonstrated competitive trade advantages. That subtotal excludes the 66 trade partners with which Brazil incurred trade deficits.
Growth
Netherlands
Venezuela
China
See also Brazil’s Top 10 Exports, Highest Value Brazilian Export Products, Brazil’s Top 10 Imports and Brazil’s Top Import Partners
Research Sources:
The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on December 7, 2015
Trade Map, International Trade Centre. Accessed on December 7, 2015
Investopedia, Net Exports Definition. Accessed on December 7, 2015