Brazil / Saudi Arabia

Overview In July 2024, Brazil exported $227M and imported $287M from Saudi Arabia, resulting in a negative trade balance of $60.1M. Between July 2023 and July 2024 the exports of Brazil have decreased by $-25.7M (-10.2%) from $253M to $227M, while imports decreased by $-125M (-30.4%) from $413M to $287M.

Trade In July 2024, the top exports of Brazil to Saudi Arabia were Poultry Meat ($77.6M), Corn ($53.8M), Wheat ($45.8M), Raw Sugar ($22.7M), and Frozen Bovine Meat ($9.72M). In July 2024 the top imports of Brazil from Saudi Arabia were Crude Petroleum ($163M), Cyclic Hydrocarbons ($27M), Mixed Mineral or Chemical Fertilizers ($22.7M), Nitrogenous Fertilizers ($18M), and Propylene Polymers ($9.09M).

Origins In July 2024 the exports of Brazil were mainly from São Paulo ($57.2M), Mato Grosso ($44.2M), Santa Catarina ($20M), Paraná ($19.3M), and Minas Gerais ($17.8M), while imports destinations were mainly Rio de Janeiro ($170M), Rio Grande do Sul ($45.7M), Amazonas ($21.7M), Paraná ($16.1M), and São Paulo ($13.1M).

Growth In July 2024, the decrease in Brazil's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Wheat ($-17.3M or -27.4%), Machinery Having Individual Functions ($-7.49M or -99.6%), and Sulfate Chemical Woodpulp ($-2.32M or -83.7%). In July 2024, the decrease in Brazil's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Crude Petroleum ($-86.4M or -34.6%), Refined Petroleum ($-35.2M or -99.8%), and Propylene Polymers ($-2.89M or -24.1%).