Trade movements involving Brazil and the United States continue to grow and head towards a new record. In 2021, the bilateral trade between the countries hit a record, therefore, the expectation was of average growth in 2022, but first quarter statistics were surprising and estimates are of a new record.
In the first quarter of 2022, the trade balance involving both countries (sum of import and export volumes) registered USD 19 billion, increase of 40.2% in comparison with the same period of 2021, the highest figure for a quarter of the entire series, started in 1989.
According to Valor Econômico portal, Brazilian exports to the US reached USD 7.6 billion in the first three months of 2022, a growth of 35.9%. Imports registered USD 11.4 billion. Compared with the same period of 2022.
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Written by Marcos Ferreira, Content Assistant at Drummond Advisors