September 29, 2023

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Exports from Parana to the United States grow by more than 50%

Exports from Parana to the United States grow by more than 50%

The state’s exports to the U.S. were at a historic high in the first quarter, up 50.4% to $ 411.3 million. This is almost $ 1 billion more than in the first quarter of the previous year.
Photo: Amsam Brazil

The first quarter of 2022 set a new record of $ 19 billion in bilateral trade between Brazil and the United States, with unprecedented export and import values ​​between the two countries. In the regional sector, trade between Paran and the United States recorded almost 40% growth in the first three months of 2022 compared to the same period last year. Data Amsam Brazil (American Chamber of Commerce for Brazil), published by the latest bulletin of the Brazil-US Business Monitor.

Exports from the state of Paran to the United States had a historic high in the first quarter, up 50.4% to $ 411.3 million. About 5.4% of Brazil’s total exports came from Paran and the positive results were driven by sales of working wood products (+ 47%), roasted coffee (+ 47%), leather (+ 126.6%) and cellulose (+96.2). %). Exports of wood products and roasted coffee were both driven by price increases: + 31.5% and + 30%, respectively.

Imports of Paran’s U.S. products also grew in the 1st quarter of 2022, totaling US $ 578.8 million – an increase of 31.3% over the same period in 2021. Paran is the fifth largest Brazilian importer from the United States, representing 5.1%. Imported in bulk from Brazil. Purchasing growth was driven by purchases of petroleum fuels (+ 147.6%), fertilizers (49.6%) and non-electric engines and engines (+ 4,127%). In this last production group, most imports represent components for gas turbines, with a total import of $ 12.4 million.

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“Bilateral trade between Paran and the United States reached approximately US $ 1 billion in the 1st quarter of 2022. The apparent growth of the state’s exports and imports during this period indicates a promising performance in Paran’s transactions with the largest economy. Worldwide,” Executive Vice President Abrav Neto.

Overall, total Brazilian exports to the United States grew 35.9% to $ 7.6 billion, while imports from the country totaled $ 11.4 billion in the quarter, both figures for the period. The increase in Brazilian exports was mainly driven by sales of crude oil, beef, unroasted coffee, pork iron and wood products. On the import side, thermoelectric plants are the main reason for the increase in demand.