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 & Investment Summary
U.S. goods and services trade with Brazil totaled an estimated $120.7 billion in 2022. Exports were $75.7 billion; imports were $45.0 billion. The U.S. goods and services trade surplus with Brazil was $30.7 billion in 2022.
U.S. goods exports to Brazil in 2022 were $53.8 billion, up 14.8 percent ($6.9 billion) from 2021 and up 23 percent from 2012. U.S. goods imports from Brazil totaled $38.9 billion in 2022, up 24.6 percent ($7.7 billion) from 2021, and up 21 percent from 2012. U.S. exports to Brazil account for 2.6 percent of overall U.S. exports in 2022. The U.S. goods trade surplus with Brazil was $14.9 billion in 2022, a 4.8 percent decrease ($754 million) over 2021.
U.S. exports of services to Brazil were an estimated $21.9 billion in 2022, 44.3 percent ($6.7 billion) more than 2021, and 14 percent less than 2012 levels. U.S. imports of services from Brazil were an estimated $6.1 billion in 2022, 17.0 percent ($889 million) more than 2021, and 24 percent less than 2012 levels. Leading services exports from the U.S. to Brazil were in the travel, transportation, and professional and management services sectors. The United States had a services trade surplus of an estimated $15.7 billion with Brazil in 2022, up 58.8 percent from 2021.
U.S. foreign direct investment (FDI) in Brazil (stock) was $81.0 billion in 2022, a 12.0 percent increase from 2021. U.S. direct investment in Brazil is led by manufacturing, finance and insurance, and nonbank holding companies.
Brazil's FDI in the United States (stock) was $4.2 billion in 2022, down 4.7 percent from 2021. Brazil's direct investment in the U.S. is led by depository institutions, finance and insurance, and real estate.