Brazil Country profile: Trade and Economic Analysis
As per the Latest Import Export Data , Brazil imported USD 166 billion and exported USD 209 billion in goods, while in services the country imported USD 47 billion and exported USD 27 billion. The country possesses a diversified economy. As per the Brazil Import Data , the country mainly imports manufactured goods – machinery, fuels and lubricants, chemicals and pharmaceutical products and parts and accessories for motor vehicles and tractors. The country also imports raw materials, mostly crude oil, coal, natural gas and wheat grain. The main import partners are China, United States, Argentina, Korea, and Germany. The country imports 90% of the raw materials for the manufacturing of medicines and with the escalation in freight prices and a rise in the dollar, the pharmaceutical industry is beginning to feel the impact on production costs. In the year 2021, the country imported 24.04 billion US dollars worth of motor vehicles and auto parts, an increase of nearly 99% in comparison...