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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 services trade with Brazil totaled an estimated $95.4 billion in 2015. Exports were $59.5 billion; imports were $35.9 billion. The U.S. goods and services trade surplus with Brazil was $23.6 billion in 2015.
Brazil is currently our 12th largest goods trading partner with $59 billion in total (two way) goods trade during 2015. Goods exports totaled $32 billion; goods imports totaled $27 billion. The U.S. goods trade surplus with Brazil was $4.3 billion in 2015.
Trade in services with Brazil (exports and imports) totaled an estimated $36.3 billion in 2015. Services exports were $27.8 billion; services imports were $8.5 billion. The U.S. services trade surplus with Brazil was $19.3 billion in 2015.
According to the Department of Commerce, U.S. exports of goods and services to Brazil supported an estimated 346 thousand jobs in 2014 (latest data available) (165 thousand supported by goods exports and 182 thousand supported by services exports).
- Brazil was the United States' 11th largest goods export market in 2015.
- U.S. goods exports to Brazil in 2015 were $32 billion, down 25% ($11 billion) from 2014 but up 106% from 2005. U.S. exports to Brazil account for 2.1% of overall U.S. exports in 2015.
- The top export categories (2-digit HS) in 2015 were: aircraft ($4.7 billion), machinery ($4.6 billion), mineral fuels ($3.8 billion), electrical machinery ($3.3 billion), and optical and medical instruments ($1.9 billion).
- U.S. exports of agricultural products to Brazil totaled $719 million in 2015, our 32nd largest agricultural export market. Leading categories include: wheat ($118 million), feeds & fodders ($67 million), dairy products ($49 million), prepared food ($46 million), and chocolate & cocoa products ($28 million).
- U.S. exports of services to Brazil were an estimated $27.8 billion in 2015, 1.4% ($404 million) less than 2014, but 373% greater than 2005 levels. Based on 2014, leading services exports from the U.S. to Brazil were in the travel, transportation, and telecommunications, computer, and information services sectors.
- Brazil was the United States' 17th largest supplier of goods imports in 2015.
- U.S. goods imports from Brazil totaled $27 billion in 2015, down 10% ($3.1 billion) from 2014, but up 12% from 2005.
- The top import categories (2-digit HS) in 2015 were: mineral fuels ($4.5 billion), aircraft ($3.0 billion), iron and steel ($2.9 billion), special other (articles for repair and returns) ($2.6 billion), and machinery ($1.7 billion).
- U.S. imports of agricultural products from Brazil totaled $3.5 billion in 2015, our 8th largest supplier of agricultural imports. Leading categories include: coffee, unroasted ($1.3 billion), fruit & vegetable juices ($319 million), red meats, prep/pres ($307 million), tobacco ($253 million), and spices ($147 million).
- U.S. imports of services from Brazil were an estimated $8.5 billion in 2015, 0.7% ($57 million) more than 2014, and 368% greater than 2005 levels. Based on 2014, leading services imports from Brazil to the U.S. were in the professional and management services, maintenance and repair services, and intellectual property (audio visual) sectors.
- The U.S. goods trade surplus with Brazil was $4.3 billion in 2015, a 64.2% decrease ($7.6 billion) over 2014.
- The United States has a services trade surplus of an estimated $19 billion with Brazil in 2015, down 2.3% from 2014.
- U.S. foreign direct investment (FDI) in Brazil (stock) was $70.5 billion in 2014 (latest data available), a 1.6% increase from 2013. U.S. direct investment in Brazil is led by manufacturing, nonbank holding companies, and finance/insurance.
- Brazil's FDI in the United States (stock) was $616 million in 2014 (latest data available), down 44.2% from 2013. Brazil's direct investment in the U.S. is led by depository institutions, finance/insurance, and real estate.
- Sales of services in Brazil by majority U.S.-owned affiliates were $39.6 billion in 2013 (latest data available), while sales of services in the United States by majority Brazil-owned firms were $2.0 billion.