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The United States engages with Brazil on trade and investment matters through a number of initiatives.
On March 19, 2011, President Obama and President Rousseff 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. The agreement represents a shared commitment to broad-based economic growth, and is a foundation for cooperation in other trade fora.
U.S.-Brazil Trade Facts
U.S. goods and private services trade with Brazil totaled $107 billion in 2012 (latest data available). Exports totaled $68 billion; Imports totaled $39 billion. The U.S. goods and services trade surplus with Brazil was $29 billion in 2012.
Brazil is currently our 9th largest goods trading partner with $72 billion in total (two ways) goods trade during 2013. Goods exports totaled $44 billion; goods imports totaled $28 billion. The U.S. surplus with Brazil was $17 billion in 2013.
Trade in private services with Brazil (exports and imports) totaled $31 billion in 2012 (latest data available). Services exports were $24 billion; Services imports were $7 billion. The U.S. services trade surplus with Brazil was $17 billion in 2012.
Brazil was the United States' 7th largest goods export market in 2013.
U.S. goods exports to Brazil in 2013 were $44.1 billion, up 0.7% ($310 million) from 2012, and up 294% from 2003. U.S. exports to Brazil accounted for 2.8% of overall U.S. exports in 2013.
The top export categories (2-digit HS) in 2013 were: Machinery ($7.3 billion), Mineral Fuel ($6.5 billion), Aircraft ($5.3 billion), Electrical Machinery ($5.2 billion), and Organic Chemicals ($2.3 billion).
U.S. exports of agricultural products to Brazil totaled $1.9 billion in 2013, the 14th largest ag export market. Leading categories include: wheat ($1.2 billion), dairy products ($83 million), prepared food ($67 million), and feeds and fodders ($51 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Brazil were $23.9 billion in 2012 (latest data available), 7.1% ($1.6 billion) more than 2011 and 365% greater than 2002 levels. Other private services (telecom, business, professional and technical services, and financial services), travel and royalties and license fees categories accounted for most of the U.S. services exports to Brazil.
Brazil was the United States' 16th largest supplier of goods imports in 2013.
U.S. goods imports from Brazil totaled $27.6 billion in 2013, a 14.2% decrease ($4.6 billion) from 2012, but up 54% from 2003. U.S. imports from Brazil accounted for 1.2% of overall U.S. imports in 2013.
The five largest import categories in 2013 were: Mineral Fuel and Oil (crude) ($5.8 billion), Iron and Steel ($3.0 billion), Special Other (returns and repairs) ($1.9 billion), Machinery ($1.9 billion), and Aircraft ($1.7 billion).
U.S. imports of agricultural products from Brazil totaled $3.4 billion in 2013, the 6th largest supplier of ag imports. Leading categories include: coffee (unroasted) ($1.1 billion), tobacco ($391 million), fruit and vegetable juices ($304 million), and coarse grains ($296 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were $6.9 billion in 2012 (latest data available), 0.9% ($60 million) less than 2011 but up 305% from 2002 level. The other private services (business, professional, and technical services), royalties and license fees, and travel services categories led U.S. services imports from Brazil.
U.S. foreign direct investment (FDI) in Brazil (stock) was $79.4 billion in 2012 (latest data available), up 7.5% from 2011.
U.S. direct investment in Brazil is led by the manufacturing and finance/insurance sectors.
Brazil FDI in the United States (stock) was $3.6 billion in 2012 (latest data available), down 29.5% from 2011.
Brazil’s reported direct investment in the U.S. is led by the wholesale trade sector.
Sales of services in Brazil by majority U.S.-owned affiliates were $38.0 billion in 2011 (latest data available), while sales of services in the United States by majority Brazilian-owned firms were $1.5 billion.
*NOTE: Refers to private services trade not including U.S. Military sales, direct defense expenditures, and other miscellaneous U.S. Government services.