US-Brazil Trade Report – 2024

US-Brazil Trade Relationship – 2024 Report

1. Total Goods Trade (USTR)

Trade Component	Value (USD billions)
Total Goods Trade	92.0

2. Goods Trade Breakdown – U.S. Perspective

Component	Value (USD billions)
Exports to Brazil	49.7
Imports from Brazil	42.3
Trade Surplus (US)	7.4

3. Goods Trade Breakdown – Brazil's Perspective

Component	Value (USD billions)
Exports to US	40.3
Imports from US	40.6
Trade Deficit (Brazil)	-0.3

4. Services Trade Balance

Component	Indicator
US Services Surplus	✔️ Confirmed (Trend)
Brazil Services Deficit	✔️ Ongoing (Bank Data)

5. Overall Trade Outcome

Summary	Outcome
US Total Trade Surplus (Goods + Services)	✔️ Likely Confirmed
Brazil Total Trade Deficit	✔️ Confirmed (-$253.3 million)

💡 Key Insights

• The U.S. maintained a $7.4 billion goods surplus with Brazil.
• Brazil recorded a slight goods deficit (~$253.3 million).
• A consistent U.S. surplus in services continues, strengthening its overall advantage.
• 16 consecutive years of trade deficits for Brazil with the U.S.