What is the foreign trade of Brazil?

Brazil mainly exports soy beans (11.6%), petroleum oils (10.7%), iron ores (10.1%), maize (3.2%), and chemical wood pulp (3.1%); while its main imports are petroleum oils (9.9%), parts and accessories for tractors and motor vehicles (2.6%), electrical apparatus for line telephony (2.5%), floating vessels (2.5%), and electronic integrated circuits and microassemblies (2.3%). According to IMF Foreign Trade Forecasts, the volume of exports of goods and services remained unaltered in 2020 and is expected to increase by 7.8% in 2021, while the volume of imports of goods and services decreased by 12.1% in 2020 and is expected to increase by 12.5% in 2021. While Brazilian exports managed to remain relatively stable in light of the pandemic, mainly boosted by a higher demand of agricultural goods from Asian countries and a depreciated real, the unprecedented fall in volume of imports - with the main reduction observed in fuels and lubricants - was a result of lower domestic demand amid the economic crisis prompted by the pandemic.

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