The United States engages with Brazil on trade and investment matters through a number of initiatives.
On March 19, 2011, President Obama and Presiden 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 will expand our direct trade and investment relationship by providing a frameworkto 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 will become a foundation for cooperatoin in other trade fora.
U.S.-Brazil Trade Facts
U.S. goods and services trade with Brazil totaled $103 billion in 2011. Exports totaled $65 billion; Imports totaled $39 billion. The U.S. goods and services trade surplus with Brazil was $26 billion in 2011.
Brazil is currently our 8th largest goods trading partner with $75 billion in total (two ways) goods trade during 2011. Goods exports totaled $43 billion; Goods imports totaled $32 billion. The U.S. surplus with Brazil was $11 billion in 2011.
Trade in services with Brazil (exports and imports) totaled $29 billion in 2011 (preliminary data). Services exports were $22 billion; Services imports were $7 billion. The U.S. services trade surplus with Brazil was $15 billion in 2011.
Brazil was the United States= 8th largest goods export market in 2011.
U.S. goods exports to Brazil in 2011 were $42.9 billion, up 21.2% ($7.5 billion) from 2010, and up 180% from 2000. U.S. exports to Brazil accounted for 2.9% of overall U.S. exports in 2011.
The top export categories (2-digit HS) in 2011 were: Machinery ($7.9 billion), Mineral Fuel ($6.4 billion), Aircraft ($5.4 billion), Electrical Machinery ($4.6 billion), and Plastic ($2.1 billion).
U.S. exports of agricultural products to Brazil totaled $800 million in 2011. Leading categories include: cotton ($323 million), dairy products ($40 million), wheat ($30 million), and sugars and sweeteners ($21 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Brazil were $21.7 billion in 2011, 28.8% ($4.8 billion) more than 2010 and 248% greater than 2000 levels. Other private services (telecom services, 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= 17th largest supplier of goods imports in 2011.
U.S. goods imports from Brazil totaled $31.7 billion in 2011, a 32.5% increase ($7.8 billion) from 2010, and up 129% from 2000. U.S. imports from Brazil accounted for 1.4% of overall U.S. imports in 2011.
The five largest import categories in 2011 were: Mineral Fuel and Oil (crude) ($10.5 billion), Iron and Steel ($3.5 billion), Machinery ($2.3 billion), Spices, Tea, and Coffee (coffee) ($2.0 billion), and Special Other (returns)($1.3 billion).
U.S. imports of agricultural products from Brazil totaled $4.1 billion in 2011, the 4th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($1.9 billion), fruit and vegetable juices ($321 million), tobacco ($278 million), and raw beet and sugar cane ($270 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were $6.9 billion in 2011, 25.4% ($1.4 billion) more than 2010 and up 256% from 2000 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.
The U.S. surplus with Brazil was $11.2 billion in 2011, up 2.3% ($259 million) from 2010.
The United States has a services trade surplus of $14.8 billion with Brazil in 2011, up 30.4% from 2010.
U.S. foreign direct investment (FDI) in Brazil (stock) was $71.1 billion in 2011, up 10.8% from 2010.
U.S. direct investment in Brazil is led by the manufacturing and finance/ insurance sectors.
Brazil FDI in the United States (stock) was $5.0 billion in 2011, up 266% from 2010.
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 $29.9 billion in 2010 (latest data available), while sales of services in the United States by majority Brazil-owned firms were $1.3 billion.
*NOTE: Refers to private services trade not including U.S. Military sales, direct defense expenditures, and other miscellaneous U.S. Government services.