Brazil Trade Intelligence, Brazil Import-Export Trade Data

 Official figures released by Exim’s expert panel through Brazil import and export data on Monday indicated that Brazil had a record $61 billion trade surplus in 2021, and the Economy Ministry anticipates that amount to rise to $79.4 billion this year owing to lower imports.

Last year, exports in Latin America's largest economy hit a new high of $280.4 billion, owing mostly to price increases caused by the COVID-19 outbreak, while imports totaled $219.4 billion.

Exports, primarily to the United States, increased by 44.9 percent. Sales to China, Brazil's largest commercial partner, increased by 28%. Imports from the Mercosur trade group grew at the fastest rate of 44.7 percent in 2021, followed by the United States (41.3 percent) and China (36.7 percent) 

Brazil Export Statistics suggest that Brazil exports are predicted to climb by 1.4 percent to $284.3 billion in 2022, while imports are expected to shrink by 6.6 percent to $204.9 billion, according to the ministry. Global commerce is expected to rise at a more modest pace this year, according to forecasts.

In January 2022, based on Brazil export statistics, Brazil exported $19.6 billion and imported $19.8 billion, resulting in a $214 million trade deficit. Brazil's exports climbed by $4.69 billion (31.4 percent) from $14.9 billion to $19.6 billion between January 2021 and January 2022, while imports rose by $4.68 billion (30.9 percent) from $15.2 billion to $19.8 billion.

Brazil Trade Statistics 2022

According to Brazil customs import data, Imports to Brazil increased by 24.6 percent to $19.85 billion in January 2022, driven by increases in sales of manufactured goods (+14.9%) and mining goods (+325.8%), while agricultural imports fell by 15.7 percent.

Stats Related	Total Value	Unit	Reference Year
Total Imports of Brazil	$19849.00	USD Million	January 2022
Total Exports of Brazil	$19673.00	USD Million	January 2022
Trade Balance	$-200.00	USD Million	January 2022
Current Account	$-8146	USD Million	January 2022

Brazil’s Top Import Partner Countries 2022

The United States, Germany, China, India, European Union, South Korea, Argentina, Russia, Chile, and Japan are the top import partner countries of Brazil according to Brazil Import Data 2022.

 

Country	Total Value Last	Total Value Previous	Unit	Year Reference
United States	$4076.80	$4359.20	USD Million	January 2022
Germany	$858.96	$885.60	USD Million	January 2022
China	$5113.55	$4788.55	USD Million	January 2022
India	$567.06	$496.43	USD Million	January 2022
European Union	$2938.61	$3001.86	USD Million	January 2022
South Korea	$472.00	$418.00	USD Million	January 2022
Argentina	$795.86	$1234.75	USD Million	January 2022
Russia	$529.98	$415.63	USD Million	January 2022
Chille	$357.98	$316.77	USD Million	January 2022
Japan	$388.58	$374.47	USD Million	January 2022

You can buy Brazil import-export trade data through Exim Trade Data and get access to the latest updates and insights into Brazil import and export trade data and activities. Brazil import-export trade data help you find potential buyers and suppliers for your trade in Brazil.

The customs trade data Exim provides helps you locate new marketplaces in the overseas market for your global import-export trade business. Exim’s customs reports allow you to track and monitor the market competitions as well as the strategies your business rival uses for their import-export trade business.

Turkey's Exports Achieved a New High Of $17.6 Billion In January, Marking a Strong Start To The Year

 Turkey has had a strong start to 2022, picking up where it left off last year, with exports reaching a new high in January, according to the commerce ministry.

However, energy imports nearly doubled in comparison to a year before, causing the country's trade imbalance to skyrocket, according to figures released by Trade Minister Mehmet Muş.

Muş told a gathering in the capital Ankara to present preliminary estimates that foreign sales increased 17.6% year on year to $17.6 billion (TL 236.82 billion) in January, an all-time quarterly high as per Turkey import-export data. Us stated that the export acceleration attained in 2021 has continued.

However, due to the extremely harsh winter weather and soaring energy prices, imports increased by 55.2 percent to $28 billion last month, according to the ministry.

The research and Turkey trade statistics revealed that energy imports accounted for about $9 billion of this total. Turkey's energy imports, which were $2.6 billion in January last year, started to flourish at the end of last year as demand increased and global energy costs rose. In December, they totaled $7.2 billion.

Turkey import data shows that Turkey is nearly entirely reliant on Russian, Azerbaijani, and Iranian energy imports to satisfy its energy demands. Due to a technical breakdown, Iran curtailed natural gas supplies last month, resulting in restricted electricity and gas production for Turkey's industrial zones.

In January, the country's trade imbalance increased by 240.7 percent year on year to $10.44 billion.

"Compared to the previous year, our international trade volume climbed by 38 percent to $45.6 billion in January," Muş remarked.

The increase in exports was fueled by a 57.8% gain in iron and steel exports, as well as a 2.5 percent increase in equipment and boiler exports and a 1.2 percent increase in automobile exports.

President Recap Tayip Erdogan wants his government's new economic policy, which focuses on low-interest rates, better exports, and credit, to lead to a current account surplus.

Turkey’s market analysis reports and Turkey import-export data reveal that Turkey's imports rose by about 33% year on year in 2021, reaching an all-time high of nearly $225.4 billion.

Imports increased by 23.6 percent to roughly $271.4 billion year over year, while overall international trade volume increased to $496.7 billion.

According to Erdogan, the country's end-of-year export objective has been revised upwards to $250 billion from roughly $230 billion.

Turkey's exports have reached all-time highs in 12 of the previous 13 months, after being battered by the epidemic in 2020, which hampered trade with Ankara's main trading partners.

Turkey Trade Statistics 2021

Based on Turkey Import statistics, Turkey's trade deficit in December 2021 was USD 6.79 billion, the highest since May 2018, as imports outpaced exports as commodity prices rose and the currency fell. Exports increased by 24.9 percent to a new high of USD 22.28 billion, boosted by sales of manufactured goods (25.8%) and agricultural commodities (16.2%), while mining and quarrying exports decreased (-2 percent).

Stats Related	Total Value	Unit	Reference Year
Total Imports of Turkey	$29069.50	USD Million	December-2021
Total Exports of Turkey	$22277.99	USD Million	December-2021
Trade Balance	$-6791.16	USD Million	December-2021
Current Account	$-3841	USD Million	December-2021

Since 1947, Turkey's trade balance has been negative. The trade deficit grew by 36.8% to USD 76.7 billion in 2017, as imports increased by 17.7%, the highest rate since 2011, while exports increased at a slower rate of 10.2% according to Turkey import-export data.

Vietnam Global Import-Export Trade Value Is Projected To Hit $640-$645 Billion In 2021

 Vietnam’s Ministry of Industry and Trade recently forecast that Vietnam’s total import and export value for the year 2021 may reach $640 billion to $645 billion. The government ascribed this to the business community's efforts to overcome pandemic-related production challenges, particularly in the leather, textile, and garment industries.

Domestic firms can restore a growth rate similar to before the epidemic by the end of the year, according to the government. Telephone, electronics, machinery, and accessories, which have traditionally been strong export sectors, are expected to expand by 15-25 percent this year, according to the report.

However, the ministry said that firms face significant challenges, including a labor scarcity, particularly in southern areas, as well as a paucity of production supplies, high logistical costs, and limits imposed by COVID-19 preventive and control measures.

New Delhi, December 18 (KNN) – India and Vietnam have inked 12 agreements to strengthen trade and investment ties.

According to United News of India, it has reached an agreement in the fields of public health, pharmaceutical materials, medication and vaccine manufacturing, oil and gas, information technology and technology transfer, education, and tourism.

Vietnam Imports from India

Data of Vietnam imports suggest that steel & iron, pharmaceuticals products, meat & edible meat offal, electrical & electronic equipment, plastics, aquatics invertebrates, mollusks, fish & crustaceans, organic chemicals, tramway & vehicles other than railway, oleaginous fruits, seed, oilseeds, grain & fruits, and, animal fodder, waste of food industry & residue were the top imports of Vietnam from India according to Vietnam imports data 2020.

 

Vietnam top imports from India	Value in USD ($)	Reference Year
Steel and iron	$1.14 Billion	2020
Pharmaceuticals	$260.56 Million	2020
Meat and edible meat offal	$284.32 Million	2020
Electrical and electronic equipment	$247.01 Million	2020
Plastics	$172.86 Million	2020
Aquatics invertebrates, mollusks, fish & crustaceans	$228.18 Million	2020
Organic chemicals	$150.87 Million	2020
Tramway & vehicles other than railway	$158.30 Million	2020
Oleaginous fruits, seed, oilseeds, grain & fruits,	$160.88 Million	2020
Animal fodder, waste of food industry & residue	$145.59 Million	2020

Vietnam Export to India

As per Vietnam Customs Export Data, Vietnam top exports to India in the year 2020 were copper, boilers, machinery & nuclear reactors, electrical & electronic equipment, spices, mate, tea & coffee, articles of steel & iron,  rubbers, plastics, steel & iron, precious metal compound, inorganic chemicals & isotope, and gaiters & footwear were the top exports of Vietnam to India.

Import-export trade data from Vietnam is a sophisticated tool meant to aid merchants, manufacturers, and enterprises all over the world in making business-related decisions.

Exim's customs reports on import and export trade data from Vietnam will help you identify top importers and exporters, top brands, top manufacturers, and top merchants in the country. The data allows you to follow and monitor Vietnam trade shipping and trade operations.

You may buy Vietnam import and export trade data to get access to Exim's massive database of categorized directories and total transparency into the country's worldwide import-export activity.