Initiatives
The United States engages with Brazil on trade and investment matters through a number of initiatives.
In 2011, the United States and Brazil signed the Agreement on Trade and Economic Cooperation to enhance cooperation on trade and investment between the Western Hemisphere's two largest economies. The agreement expands our direct trade and investment relationship by providing a framework to deepen cooperation on a number of issues of mutual concern, including innovation, trade facilitation and technical barriers to trade.
Brazil Trade Summary
U.S. total goods trade with Brazil were an estimated $92.0 billion in 2024. U.S. goods exports to Brazil in 2024 were $49.7 billion, up 11.3 percent ($5.0 billion) from 2023. U.S. goods imports from Brazil in 2024 totaled $42.3 billion, up 8.3 percent ($3.2 billion) from 2023. The U.S. goods trade surplus with Brazil was $7.4 billion in 2024, a 31.9 percent increase ($1.8 billion) over 2023.
