Brazil

Brazil

Global Trade Profile β€’ Rank #22 Exporter

$351.75B

Total Exports (2023)

$252.06B

Total Imports (2023)

$99.69B

Trade Surplus

#22

Export Ranking

Trade Flow Visualization

Interactive map showing Brazil's top trading partners. Green lines represent exports, red lines represent imports.

#22

Export Rank

$351.75B

Total Exports

$252.06B

Total Imports

+$99.69B

Trade Balance

26

Trade Partners

🌍 Top Export Destinations

Top Export Products

#1Soya beans: other than seed, whether or not broken
15.2%$53.58B
#2Oils: petroleum oils and oils obtained from bitumi...
12.4%$43.76B
#3Iron ores and concentrates: non-agglomerated
8.5%$30.05B
#4Cereals: maize (corn), other than seed
3.9%$13.63B
#5Sugars: cane sugar, raw, in solid form, other than...
3.8%$13.32B
#6Oil-cake and other solid residues: whether or not ...
3.3%$11.53B
#7Petroleum oils and oils from bituminous minerals, ...
3.1%$10.79B
#8Meat: of bovine animals, boneless cuts, frozen
2.4%$8.50B
#9Coffee: not roasted or decaffeinated
2.2%$7.67B
#10Wood pulp: chemical wood pulp, soda or sulphate, (...
2.1%$7.37B

πŸ“₯ Top Import Sources

Top Import Products

#1Petroleum oils and oils from bituminous minerals, ...
7.2%$18.14B
#2Oils: petroleum oils and oils obtained from bitumi...
3.7%$9.29B
#3Fertilizers, mineral or chemical: potassic, potass...
2.2%$5.43B
#4Electrical apparatus: photosensitive, including ph...
1.6%$4.01B
#5Coal: bituminous, whether or not pulverised, but n...
1.4%$3.63B
#6Turbo-jets: of a thrust exceeding 25kN
1.4%$3.50B
#7Medicaments: consisting of mixed or unmixed produc...
1.3%$3.39B
#8Fertilizers, mineral or chemical: ammonium dihydro...
1.2%$2.94B
#9Electronic integrated circuits: processors and con...
1.2%$2.91B
#10Vehicles: compression-ignition internal combustion...
1.1%$2.80B

πŸ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

πŸ“ˆ

Trend Direction

Brazil Trade Analysis 2023

πŸ“Š Overview

#22
Global Export Rank
603.81B
Total Trade Volume
3.02%
Share of Global Trade

Brazil stands as the world's #22 largest exporter and #26 largest importer, demonstrating substantial regional trade importance.

The trade profile reveals a robust surplus of 99.69 billion, indicating strong export competitiveness.

βœ“
Strong trade surplus exceeding 28.3% of exports provides currency stability and foreign reserve accumulation.
351.75B
Total Exports
252.06B
Total Imports
1.40
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $50.32B, generating continuous economic activity across logistics, finance, and trade services.

🚒 Export Markets

China
USA
Argentina
Netherlands
Japan
Others

Export Market Concentration

29.7%
$104.64B
10.0%$35.05B
4.8%$16.81B
3.4%$12.08B
2.7%$9.32B
2.4%$8.59B
2.3%$8.19B
13 others
19.2%$67.58B

Export concentration shows China as the dominant market at 29.7%. The top three markets control 44.5% of exports.

⚠️

Market Concentration Risk

Heavy reliance on China (29.7% of exports) creates vulnerability to bilateral tensions or economic downturns in that market.
50.6%
Top 5 Markets
61.6%
Top 10 Markets
20
Total Partners

Regional patterns reveal strong East Asian integration. Secondary markets (Mexico, Chile, Spain) provide $38.62B in additional trade.

πŸ“¦ Import Sources

Import Source Concentration

22.9%
$57.80B
15.8%
$39.85B
5.4%$13.62B
4.7%$11.93B
2.8%$7.07B
2.3%$5.76B
13 others
20.9%$52.68B

Brazil relies heavily on China for imports (22.9%),creating supply chain concentration risk.

Energy suppliers including Saudi Arabia (3.70B) collectively provide 3.70 billion or 1.5% of imports, highlighting the economy's dependence on imported energy resources.

Manufacturing inputs come primarily from China, Rep. of Korea, Viet Nam, reflecting deep integration into Asian production networks. China's dominant position at 57.80 billion encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The USA provides 39.85 billion (15.8%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 64.9% of total imports, with the remaining 35% distributed among 10 other suppliers.

Regional sourcing patterns reveal diversified global sourcing. European suppliers including Germany (13.62B), Italy (5.76B), France (5.41B) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with India, Viet Namemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

πŸ“¦ Product Composition

πŸš€ Export Products

Top Export Products

other than seed, whether or not broken
15.2%
$53.58B
petroleum oils and oils obtained from bituminous m...
12.4%$43.76B
non-agglomerated
8.5%$30.05B
maize (corn), other than seed
3.9%$13.63B
cane sugar, raw, in solid form, other than as spec...
3.8%$13.32B
3 others
8.8%$30.82B

Brazil's export economy centers on diversified industrial production, with the leading export being other than seed, whether or not brokenat $53.58 billion, accounting for 15.2% of total exports.

The automotive sector's dominance is evident in the export portfolio, with . This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 0 categories specifically related to alternative propulsion systems, totaling $0.

Beyond automotive, Brazil maintains strong positions in specialized equipment,, and Soya beans, Oils, Iron ores and concentrates.

The top 20 export products collectively account for 66.1% of total exports, revealing moderate concentration with room for further diversification.

πŸ›’ Import Products

Top Import Products

preparations n.e.c. containing by weight 70% or mo...
7.2%$18.14B
petroleum oils and oils obtained from bituminous m...
3.7%$9.29B
potassic, potassium chloride...
2.2%$5.43B
photosensitive, including photovoltaic cells, whet...
1.6%$4.01B
bituminous, whether or not pulverised, but not agg...
1.4%$3.63B
3 others
3.9%$9.84B

Energy dominates Brazil's import profile, with fossil fuels accounting for 31.05 billion or 12.3% of total imports. Crude oil leads at 18.14 billion (7.2%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.

Beyond energy, critical imports include potassic, potassium chloride (5.43B, 2.2%), photosensitive, including photovoltaic c... (4.01B, 1.6%), of a thrust exceeding 25kN (3.50B, 1.4%), consisting of mixed or unmixed products ... (3.39B, 1.3%), ammonium dihydrogenorthophosphate (monoa... (2.94B, 1.2%).Electronic components and devices total 12.88 billion (5.1% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 7.69 billion (3.1%), reflecting healthcare sector demands.

The import product mix reveals structural characteristics of Brazil's economy: heavy reliance on imported energy despite industrial advancement, integration into global electronics supply chains, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (10 : 10among top 20 products) indicates balanced import composition. Import substitution potential exists in chemicals and technology sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 17 primary products to 0 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests need for capability building to enter new product categories.

βš–οΈ Trade Balance Dynamics

+99.69 billion
Trade Surplus β€’ 16.51% of total trade
PartnerExportsImportsBalance
China$104.64B$57.80B+$46.83B
USA$35.05B$39.85B$-4.80B
Argentina$16.81B$11.93B+$4.88B
Germany$6.40B$13.62B$-7.23B
Netherlands$12.08B$3.26B+$8.82B

Export-to-import ratio of 1.395 means exports cover 139.5% of import costs.

πŸ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
China$104.64B$57.80B+$46.83B
USA$35.05B$39.85B$-4.80B
Argentina$16.81B$11.93B+$4.88B
Germany$6.40B$13.62B$-7.23B
Netherlands$12.08B$3.26B+$8.82B
Japan$9.32B$5.19B+$4.13B
Mexico$8.59B$5.74B+$2.85B
Chile$8.19B$4.34B+$3.85B
Total$201.08B$141.74B+$59.34B

The Brazil-China relationship leads at 162.44 billion in bilateral trade.View detailed analysis β†’

Additional major partnerships include Argentina (28.74B total trade), Germany (20.02B total trade), Netherlands (15.34B total trade). Regional integration through Asian supply chains facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsβ€”366.74B across top 10 partnersβ€”provides resilience against bilateral tensions and regional disruptions.

πŸ† Competitive Position

Global rankings position Brazil as the #22 exporter worldwide,within the major trading nations. The country's share of global exports at approximately 3.518%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of primary commodities, indicates potential for value chain upgrading. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Brazil's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly inother than seed, whether , petroleum oils and oils o, non-agglomerated. The revealed comparative advantage is strongest in product categories representing36.2% of exports. Market positioning against regional competitors shows leadership in key product segments.

Trade complementarity with major partners suggests deep integration into global supply chains. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including advanced technology and skilled labor, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

🎯 Strategic Outlook

ℹ️

Strategic Priority

Maintaining competitive advantages in key export sectors while exploring new markets.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include consistent trade surpluses supporting macroeconomic stability,diversified market access reducing concentration risk, and competitive positions in essential commodities.

Vulnerabilities include product concentration in cyclical sectors. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on market diversification and value chain upgrading to enhance trade competitiveness. Opportunities exist in expanding trade with Canada, Rep. of Korea, India, developing new product capabilities in higher technology sectors, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Brazil's trade prospects. Success requires balanced policies addressing both maintaining export competitiveness while managing currency appreciation pressures.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Brazil's position as the world's #22 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026