Thumper --- US Trade

In 2022, bilateral trade in goods between the U.S. and Brazil, as measured by MDIC, reached a new record of US$ 88.7 billion, exceeding the previous record from 2021 by 26%. 55% of Brazilian exports to the United States are in value-added goods and services, an important driver of job creation for Brazilians and Americans. Among the principal Brazilian exported products to the United States include aircraft and parts, semi-finished steel products, and partially manufactured wood products. According to the most recent report by the Central Bank of Brazil, the United States was the largest source of foreign direct investment stocks by final beneficiary with nearly R$ 1 trillion (nearly US$ 192 billion) in 2021, almost four times the amount of the next largest country source of investments. U.S. investments in greenfield initiatives are disproportionately higher than investments in this area from other foreign countries, which can help develop longer-term sustainable investment. All of Brazil’s unicorns, or startups valued at more than R$ 5 billion, have received investments from the United States. 80% of the top products (imports and exports) in major bilateral trade sectors saw an increase last year, a sign of mature growth and impressive potential in our commercial relationship.   Brazilian companies continue to expand their presence in the U.S. market, either through purchasing U.S. companies or establishing their own businesses across a range of sectors including agriculture, food processing, and finance. American energy companies are deploying cutting edge technology alongside Brazilian partners to promote Brazil’s continued growth as one of the largest oil producers and exporters in the world.