Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports. It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. DeficitsĪs defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit. Leading the declining import purchases from Brazil were the United States (down -27.3%), Netherlands (down -26.7%), Chile (down -25.1%), Japan (down -23.6%) then Mexico (down -21.1%). Year over year, the greatest increases in purchases of exports from Brazil belong to Singapore (up 28.1%), Canada (up 27.9%), Malaysia (up 14.9%) and South Korea (up 9.5%). Over two-thirds (69.5%) of Brazilian exports in 2020 were delivered to the above 15 trade partners. China: US$67.7 billion (32.3% of total Brazilian exports).Also shown is each import country’s percentage of total Brazilian exports. Below is a list showcasing 15 of Brazil’s top trading partners in terms of export sales, countries that imported the most Brazilian shipments by dollar value during 2020.
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