Trade between Brazil and the United States in 2022 reached an all-time high of US$88.7 billion, according to an analysis by Amcham’s Brazil-US Trade Monitor.
The survey shows that the value surpassed by US$ 18.2 billion (25.8%) the previous record, set in 2021.
The growth of exports from Brazil to the world was 19.3% while to the United States it was 20.2%, according to the Monitor. The increase in total Brazilian imports was 24.3%, while the increase in purchases from the United States was 30.3%.
As a result, the American share in the Brazilian chain rose to 14.6%, reaching the highest level since the beginning of the pandemic.
“The unprecedented results in all the main indicators of bilateral trade reveal the moment of strong dynamism of economic relations between the two countries, as well as the increased relevance of the United States for Brazilian foreign trade”, says the new CEO of Amcham Brasil , Abrão Neto, in a note.
“For 2023, we project a certain stability in bilateral flows, with values close to last year’s records”, he added.
In 2022, Brazilian imports from the United States reached a record US$ 51.3 billion, an increase of 30.3% over the previous year.
The average price increase of 35.6% largely explains this growth, especially for fertilizers, fuels and coal.
In turn, exports from Brazil to the United States jumped 20.2% compared to 2021, reaching an unprecedented value of US$ 37.4 billion, driven both by the increase in prices and by the growth in the volume of exports, which occurred in 7 of the top 10 items shipped to the United States.
Despite the historical value of the bilateral chain, Brazil also accumulated an unprecedented negative balance of US$ 13.9 billion, almost 70% greater than in 2021.
Source: CNN Brasil
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