Brazil's main exports include soybeans, coffee, tobacco, cocoa, beef, poultry, orange juice, raw cane and refined sugar, iron ore and concentrates, oil seed, and mineral fuels. Brazil's economy is export-oriented, and it is the world's largest exporter of coffee, soybeans, orange juice, tobacco, and raw cane and refined sugar. It is the third-largest exporter of beef and cocoa.
The main export partners of Brazil are China, the United States and Argentina. Other export partners include Japan, Germany and the Netherlands. Monthly exports of Brazil averaged $4,138.70 million from 1954 until 2014, with an all-time high of $26,158.51 million in August of 2011 and an all-time low of $75.06 million in January of 1965. Brazil's estimated export amount in 2011 was $256 billion. As of 2014, Brazil has the seventh-largest economy in the world and is also one of the world's fastest-growing economies with an average annual gross domestic product growth rate of more than 5 percent. It is projected that Brazil will become one of the five largest economies in the world by the middle of the 21st century. In 2012, Brazil was ranked by Forbes as having the fifth-largest number of billionaires in the world, ahead of both Japan and the United Kingdom.