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 (latest data available for goods and services trade). 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 $76 billion in total (two ways) goods trade during 2012. Goods exports totaled $44 billion; Goods imports totaled $32 billion. The U.S. surplus with Brazil was $12 billion in 2012.
Trade in services with Brazil (exports and imports) totaled $29 billion in 2011 (latest data available). 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' 7th largest goods export market in 2012.
U.S. goods exports to Brazil in 2012 were $43.7 billion, up 1.8% ($774 million) from 2011, and up 253% from 2002. U.S. exports to Brazil accounted for 2.8% of overall U.S. exports in 2012.
The top export categories (2-digit HS) in 2012 were: Machinery ($7.7 billion), Mineral Fuel ($7.2 billion), Aircraft ($6.1 billion), Electrical Machinery ($4.8 billion), and Optic and Medical Instruments ($2.2 billion).
U.S. exports of agricultural products to Brazil totaled $515 million in 2012. Leading categories include: dairy products ($72 million), snack foods ($21 million), and feeds and fodders ($18 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Brazil were $21.7 billion in 2011 (latest data available), 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' 15th largest supplier of goods imports in 2012.
U.S. goods imports from Brazil totaled $32.1 billion in 2012, a 1.1% increase ($361 million) from 2011, and up 103% from 2002. U.S. imports from Brazil accounted for 1.4% of overall U.S. imports in 2012.
The five largest import categories in 2012 were: Mineral Fuel and Oil (crude) ($9.4 billion), Iron and Steel ($3.5 billion), Machinery ($2.7 billion), Special Other (returns and repairs) ($1.9 billion), and Beverages ($1.5 billion).
U.S. imports of agricultural products from Brazil totaled $3.4 billion in 2012, the 6th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($1.3 billion), tobacco ($313 million), fruit and vegetable juices ($242 million), and coarse grains ($227 million).
U.S. imports of private commercial services* (i.e., excluding military and government) were $6.9 billion in 2011 (latest data available), 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 $11.6 billion in 2012, up 3.7% ($413 million) from 2011.
The United States has a services trade surplus of $14.8 billion with Brazil in 2011 (latest data available), up 30.4% from 2010.
U.S. foreign direct investment (FDI) in Brazil (stock) was $71.1 billion in 2011 (latest data available), 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 (latest data available), 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.