Overview: In March 2021 Brazil exported $1.09B and imported $932M from Argentina, resulting in a positive trade balance of $159M. Between March 2020 and March 2021 the exports of Brazil have increased by $321M (41.7%) from $770M to $1.09B, while imports increased by $114M (14%) from $817M to $932M.
Trade: In March 2021, the top exports of Brazil to Argentina were Cars ($140M), Vehicle Parts ($80M), Iron Ore ($67.1M), Delivery Trucks ($62.6M), and Soybeans ($42.2M). In March 2021 the top imports of Brazil from Argentina were Delivery Trucks ($183M), Wheat ($138M), Electricity ($84.4M), Cars ($63.9M), and Petroleum Gas ($58.6M).
Origins: In March 2021 the exports of Brazil were mainly from São Paulo ($459M), Minas Gerais ($122M), Paraná ($84.4M), Rio Grande do Sul ($83.1M), and Rio de Janeiro ($68.6M), while imports destinations were mainly São Paulo ($232M), Rio Grande do Sul ($159M), Paraná ($103M), Goiás ($92.1M), and Santa Catarina ($85.8M).
Growth: In March 2021, the increase in Brazil's year-by-year exports to Argentina was explained primarily by an increase in product exports in Iron Ore ($46.6M or 227%), Vehicle Parts ($29.9M or 59.7%), and Soybeans ($28.4M or 206%). In March 2021, the increase in Brazil's year-by-year imports from Argentina was explained primarily by an increase in product imports in Petroleum Gas ($39.4M or 205%), Delivery Trucks ($23.5M or 14.7%), and Combustion Engines ($20.1M or 212%).