Gains are partly offset by losses in imports of tobacco, rubber, coffee, and grain. In 1998 Brazil is the 21st largest market for U.S. agricultural exports, but it is fifth largest among Latin American markets. In recent years, Brazil has ranked higher, second in Latin America to Mexico. But in 1998 U.S. agricultural exports to Brazil have already declined somewhat even prior to the recent currency devaluation. The largest U.S. agricultural export to Brazil is live baby chicks, but the 1.5 million baby chicks exported account for only 3 percent of total U.S. baby chick sales.
Brazil is slightly more important as a source of U.S. agricultural imports.
It ranks as the eighth largest U.S. import supplier in January-November 1998 and third largest Latin American supplier. It accounts for 52 percent of the value of U.S. orange juice imports and 61 percent of volume. The U.S. also imports from Brazil prepared and preserved beef or veal, lemon juice, sugar, coffee, and tobacco.