Brazil
U.S. Trade with Brazil in 2023
Export Market Rank
#34 Among U.S. Agricultural Export Markets
Total Export Value
$712.19 Million
3-Year Average
$804.91 Million
Compound Average Growth
-8.11% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Brazil in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Dairy Products | $104.58 Million | 26,325 | $52.32 Million | 81% |
| Other Feeds, Meals & Fodders | $85.04 Million | 20,176 | $59.21 Million | 16% |
| Other Intermediate Products | $84.87 Million | 14,606 | $73.19 Million | 42% |
| Essential Oils | $76.33 Million | 3,862 | $54.13 Million | 78% |
| Distilled Spirits | $48.36 Million | --- | $26.14 Million | 433% |
| Eggs & Products | $42.5 Million | 99 | $29.72 Million | 191% |
| Wheat | $32.85 Million | 107,170 | $172.02 Million | -96% |
| Dextrins, Peptones, & Proteins | $32.61 Million | 5,576 | $37.84 Million | -47% |
| Hides & Skins | $28.86 Million | --- | $11.78 Million | 13768% |
| Food Preparations | $23.64 Million | 1,815 | $39.72 Million | -60% |
Data and Analysis
The Brazilian economy grew 2.9 percent, largely supported by household consumption, which improved by 3.1 percent in 2023. Low unemployment (7.9%) and inflation (4.6%) were two major drivers for this outcome.
Post revised up Brazil’s MY 2024/25 cotton production forecast to 16.6 million 480lb bales (3.6 million metric tons (MMT)), an 11 percent increase compared to the previous MY. The main drivers behind this record output are a forecasted area increase (revised up to 1.94 million hectares), and better-than-anticipated yields across key producing states.
Brazil is the world’s second-largest ethanol and third-largest biodiesel producer but has yet to introduce renewable diesel or sustainable aviation fuel. Post forecasts total ethanol production at 32.5 billion liters in CY 2024, with cane ethanol forecast at 25.5 billion liters and corn ethanol production at seven billion liters.
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News and Features
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U.S. Department of Agriculture Deputy Secretary Dr. Jewel Bronaugh administered the oath of office today to 14 USDA employees who will serve American agriculture internationally as members of the Foreign Service.