I met my beautiful Brazilian girlfriend in June 2018 in Venice beach California and we hit off since then she been to my Hometown in Texas and I have been to São Paulo and other great places in Brasil.
Our relationship grew naturally and I decide to move to Brasil because of my autonomy of working for myself and remotely.
We where talking about international commerce what opportunities exists between USA and BRL. Idea for the blog research on the political and finance relationship between USA-BRL to find out what are the 2 largest democracies and economies in the Western Hemisphere trading with each other.
Our countries USA-BRL have a lot of history and commonalities. Enjoy the information I gather and organized for you the exclusive designandfinance.com visitors
In 2011, the United States and Brazil 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 expands our direct trade and investment relationship by providing a framework to deepen cooperation on a number of issues of mutual concern, including innovation, trade facilitation and technical barriers to trade.
The United States was the first country to recognize Brazil’s independence in 1822. As the two largest democracies and economies in the Western Hemisphere, the United States and Brazil have a partnership that is rooted in a shared commitment to expand economic growth and prosperity; promote international peace, security, and respect for human rights; and strengthen defense and security cooperation.
In 2018, Brazil GDP was an estimated $1.9 trillion (current market exchange rates); real GDP was up by an estimated 1.1%; and the population was 208 million. (Source: IMF)
U.S. goods and services trade with Brazil totaled an estimated $105.0 billion in 2018. Exports were $67.8 billion; imports were $37.2 billion. The U.S. goods and services trade surplus with Brazil was $30.6 billion in 2018.
• U.S. total exports of agricultural products to Brazil totaled $625 million in 2018. Leading domestic export categories include: wheat ($59 million), prepared food ($39 million), chocolate & cocoa products ($36 million), feeds & fodders nesoi ($34 million), and eggs & products ($32 million).
• U.S. exports of services to Brazil were an estimated $28.3 billion in 2018, 5.0% ($1.3 billion) more than 2017, and 121% greater than 2008 levels. Leading services exports from the U.S. to Brazil were in the travel, transport, and telecommunications, computer, and information services sectors.
• U.S. total imports of agricultural products from Brazil totaled $3.3 billion in 2018. Leading categories include: coffee, unroasted ($934 million), fruit & vegetable juices ($501 million), red meats, prep/pres ($281 million), tobacco ($211 million), and essential oils ($145 million).
• U.S. imports of services from Brazil were an estimated $6.1 billion in 2018, 13.9% ($992 million) less than 2017, but 35.7% greater than 2008 levels. Leading services imports from Brazil to the U.S. were in the professional and management services, travel, and research and development sectors.
What are the 2 largest economies in Western Hemisphere trading has been answered above. Travel from Brazil to Florida USA is a popular route, in my experience traveling back and forth from Brazil. Travel equals tourism and that route includes Disney World and South Beach entrainment centers for tourism just in Florida.
Second on the list is transport, many Ford and Chevy vehicles in the streets of Brazil. In addition São Paulo has the largest helicopter fleet in the world. The U.S. part takes in that trade with Boeing and Lockheed Martin Technology.,
The last 3 exports on the list are telecommunications, computers and information services which are not surprising U.S. headquarters for Microsoft, Apple and Google and other Information/technology companies. Those are some of the services Brazil is buying from U.S. Now what is the U.S. buying from Brazil .
We see 3.3 billion in agricultural products in trade, Brazil has so much land that is fertile to grow food and other products like(coffee).
In the services sector for Brazil 6.1 billion from travel/ tourism and importing professional talent and research. I would categorize as information services.
Brazil and U.S. are amazing countries to travel to, have the ability grow lots of food and both have intelligent people using advanced technology and important information.
Below is Brazil’s and U.S. top trading Partners. Brazil makes in the top 12 trading partners for U.S. In addition the U.S. is Brazil’s second largest trade partners as seen below.
Brazil’s top trading partners in terms of export sales, countries that imported the most Brazilian shipments by dollar value during 2019. Also shown is each import country’s percentage of total Brazilian exports.
1. China: US$62.9 billion (28.1% of total Brazilian exports)
2. United States: $29.7 billion (13.3%)
3. Netherlands: $10.1 billion (4.5%)
4. Argentina: $9.7 billion (4.3%)
The U.S. Census Bureau tracks U.S. imports and exports on a month-to-month basis. These are America’s top trading partners for 2017, ranked by total exchange of goods:
1. China – $636 billion
2. Canada – $582.4 billion
3. Mexico – $557 billion
4. Japan – $204.2 billion
5. Germany – $171.2 billion
6. South Korea – $119.4 billion
7. United Kingdom – $109.4 billion
8. France – $82.5 billion
9. India – $74.3 billion
10. Italy – $68.3 billion
11. Taiwan – $68.2 billion
12. Brazil – $66.5 billion
13. Netherlands – $60 billion
Interesting to find out what is the United States is selling to the rest of the world and below we see some information about U.S. exports.
The top U.S. exports to China in 2016 were “miscellaneous grain, seeds, fruit (i.e., soybeans) ($15 billion), aircraft ($15 billion), electrical machinery ($12 billion), machinery ($11 billion) and vehicles ($11 billion).” The top imports from China in 2016 were, “electrical machinery ($129 billion), machinery ($97 billion), furniture and bedding ($29 billion), toys and sports equipment ($24 billion) and footwear ($15 billion),” according to the U.S. Trade Representative.
Mexico is the United States’ third largest trading partner doing a total of $557 billion in goods in 2017, according to the U.S. Census Bureau. The U.S. imported $314 billion in goods from Mexico in 2017 (second only to China in terms of imports). And while, the U.S. had a $71.1 billion trade deficit with Mexico in 2017, the country also imported more goods from the U.S. than any country except Canada: Mexico imported $243 billion in goods (not including services) from the United States last year.
The U.S. Census Bureau reports that the top exports for the U.S. (by category) in 2017 were:
1. Capital Goods (i.e. computers, electronics, office machines) – $533 billion
2. Industrial Supplies (including oil, chemicals, and petroleum products) – $463 billion
3. Consumer Goods (i.e. automobiles, clothing, furniture, toys) – $198 billion
The United States welcomed more than 1.9 million visitors from Brazil in 2017, comprising the eighth-largest group of visitors. There were approximately 475,000 U.S. visitors to Brazil in 2017, comprising the second-largest source of visitors to Brazil. During his March 2019 visit to Washington, President Bolsonaro announced Brazil’s intent to exempt U.S. citizens from tourist visa requirements for travel to Brazil, and this went into force in June. The United States and Brazil conduct regular exchanges on trade facilitation, good regulatory practices, and standards.
U.S. foreign direct investment (FDI) in Brazil (stock) was $70.9 billion in 2018, a 3.8% increase from 2017. U.S. direct investment in Brazil is led by manufacturing, finance and insurance, and mining.
Sales of services in Brazil by majority U.S.-owned affiliates were $39.1 billion in 2016 (latest data available), while sales of services in the United States by majority Brazil-owned firms were $2.4 billion.
The United States and Brazil signed the United States-Brazil Joint Action Plan to Eliminate Racial and Ethnic Discrimination and Promote Equality (JAPER) in 2008. In March 2019, the Department launched an Ambassadors Fund for Cultural Preservation grant to restore and preserve the Valongo Wharf archaeological site in Rio de Janeiro, which will ensure the appropriate infrastructure for wharf public visits and education outreach on the history and modern-day contributions of African Descendants in Brazil and beyond.
Brazil and the United States belong to a number of the same international organizations, including the United Nations, Organization of American States, Inter-American Development Bank, G-20, International Monetary Fund, World Bank, and the World Trade Organization. Brazil traditionally has been a leader in the inter-American community, and is a member of the sub-regional MERCOSUR and UNASUR groups.
U.S. Embassy Brasilia
SES – Av. das Nações, Quadra 801, Lote 03 70403-900 – Brasília, DF Phone: (55-61) 3312-7000 Fax: (55-61) 3225-9136
U.S. Consulate In São Paulo S.P.
Rua Henri Dunant, 500,
Chácara Santo Antônio,
São Paulo- SP, 04709-110
Phone: (55-11) 3250-5000
After hours: (11) 5183-5316/ 5181-8730