As per Global Import Export Data, Brazil was the ninth largest exporter for US products and services, representing $62.07 billion in exports.
As per Brazil Import Data, main imports of the country are machinery, fuels, lubricants, chemicals and pharmaceutical products and parts and accessories for motor vehicles and tractors. The main import partners of the country are China, the United States, Argentina, Germany, Chile, Netherlands and India.
In year 2023, as per Brazil shipment and custom data, the country’s imports went down by 3.1% to $22.1 billion mainly because of lower purchase of goods in extractive industries. The top imports of the country in 2023 were crude petroleum, vaccines, blood, antisera, toxins and cultures, motor vehicles and accessories.
As per Brazil Export Data the top exports of the country in 2023 were soybeans, iron ore, crude petroleum, refined petroleum and soybean meal. The main export partners are China, the United States, Argentina, Germany, Netherlands, Chile and India.
The country’s main exported product was iron ore. The steel raw material contributed roughly 44.7 billion US dollars to Brazilian total export value. At around 38.6 billion dollars soybean was the second most exported product in Brazil.
The country is also all set to supply up to half of the soybeans to Argentina after the worst drought in 100 years devastated its fields and cut the 2023 output nearly half. Brazil is harvesting a record crop and could increase its sales to Argentina by at least ten times.
The country will export at least 3 million tonnes to Argentina but if the international soy prices pay off the volume can reach five million tonnes. Brazil may also export up to 97 million tons to all the destinations on back of bumper crop.
The country’s exports are expected to reach US$325 billion in 2023 down by 2.3% compared to last year. The iron ore exports of Brazil accounted for $2.01billion in 2023. The country exported 27.2 million tonnes of iron ore globally in March.
The import export data of Brazil showcase the authentic and real time information about the key details like HS code, origin/destination country, price/quantity of goods, competitors address, quantity imported or exported by them, trade trends and shipment and custom data for particular product.
It is therefore imperative to work with a professional data service provider when planning to do international business with Brazil to get real-time and accurate data for making informed business decisions.