Imports

In 2022, Brazil imported $272.7 billion worth of goods from around the world. The overall cost of commodities imported by Brazil increased by 24.3% from $219.4 billion in 2021.

The majority of Brazil's spending is on imported products, which include processed petroleum, crude oil, potash, blended fertilizers, and then automotive parts.

Brazil's Best International Trade Suppliers

The latest country-specific data show that Brazil's imports are supplied mainly by exporters from mainland China (35.6% of Brazil's global total), the United States (7.5%), Argentina (5.2%), Germany (5.1%), India (4%), Russia (2.8%), Italy (2.7%), South Korea (2.2%), Japan (2.2%), Saudi Arabia (1.8%), Mexico (1.7%) and Canada (1.3%).

Brazil's Top 10 Imports

1. Mineral fuels including oil: $49.5 billion (18.2% of total imports)

2. Machinery including computers: $33.9 billion (12.4%)

3. Electrical machinery and equipment: $31.6 billion (11.6%)

4. Fertilizers: $24.8 billion (9.1%)

5. Organic chemicals: $18.3 billion (6.7%)

6. Vehicles: $16.4 billion (6%)

7. Plastics, plastic products: $10.3 billion (3.8%)

8. Pharmaceuticals: $9.9 billion (3.6%)

9. Other chemicals: $9.5 billion (3.5%)

10. Optical, technical, medical equipment: $6.9 billion (2.5%)

Brazil's top 10 imports accounted for more than three-quarters (77.4%) of the total value of products it purchased from other countries.

The fastest-growing categories of Brazil's most expensive imports were fertilizers (up 63.4% from 2021), fossil fuels including petroleum (up 62.8%), miscellaneous chemicals (up 48.6%), organic chemicals (up 38.3%), and then machinery including computers (up 15.5%).

The only decline is a -9.9% decrease in Brazilian import spending from 2021 to 2022 due to a -9.9% slowdown.

Note that the results presented above are at the 2-digit Harmonized Tariff System code level. The following section provides information at a more granular 4-digit product code level.

Exports

Brazil exported $334.5 billion worth of products to the world in 2022. Brazil's total exports increased by 19.1% from $280.8 billion in 2021.

In 2022, Brazil's top 8 exports by value were soybeans, crude oil, iron ore and concentrates, processed petroleum, corn, sugar, frozen beef, and solid residues including soybean oil cake.

Brazil's Best International Trade Customers

The latest country-specific data show that Brazilian exports are mainly purchased by importers in mainland China (26.8% of Brazil's global total), the United States (11.3%), Argentina (4.6%), the Netherlands (3.6%), Spain (2.9%), Chile (2.7%), Singapore (2.5%), Mexico (2.1%), Japan (2%), India (1.9%), Germany (1.9%), and the United States (1.2%). 1.9%), Germany (1.9%) and South Korea (1.9%).

Brazil's Top 10 Exports

1. Fossil fuels including oil: $56.9 billion (17% of total exports)

2. Oilseeds: $47.2 billion (14.1%)

3. Ores, slag, ash: $32.4 billion (9.7%)

4. Meat: $24 billion (7.2%)

5. Steel: $16.7 billion (5%)

6. Grains: $13.9 billion (4.2%)

7. Machinery including computers: $12.44 billion (3.7%)

8. Vehicles: $12.39 billion (3.7%)

9. Sugar, confectionery: $11.24 billion (3.4%)

10. Industrial waste, animal feed: $11.15 billion (3.3%)

Brazil's top 10 exports are close to three-quarters (71.2%) of the value of its global exports.

Cereals are the fastest growing of the top ten export categories, growing 187.4% from 2021 to 2022. The cereals category is stimulated by increased export sales of corn. The second highest growth in export sales was in fossil fuels, including petroleum, which rose 48.2%. Brazil's exports of food industry waste and animal feed ranked third in terms of value growth, up 39.8% year-on-year.

The only decline in Brazil's top ten export categories was in ores, slag and ash, down -33.5%. This product category was dragged down by lower revenues from exports of iron ore or copper ores and concentrates.

>>>Click to Get Free Access to Customs Data from 80+ Countries<<<

1. Obtain Customs Data from 80+ Countries to Find Suitable Buyers

Tendata Customs Database provides real-time access to customs data from over 80 countries, 42 countries along the Europe-Asia route, 10+ billion real-time trade data, and a database of 130 million importers and exporters. This assists you in understanding global market trade trends and distribution, allowing you to quickly, accurately, and scientifically target hot-selling countries and emerging markets for your products. >>>Inquire Online

2. Present Trade Details and Directly Contact Buyers

Customs data is one of the fundamental tools for international traders to develop buyers, enabling you to move from market insights and competitor analysis to customer development.

Tendata iTrader offers various search criteria for detailed examination of each cross-border transaction, including exporter, importer, commodity type, transaction quantity, transaction amount, origin, carrier, departure port, arrival port, and more. Swiftly and comprehensively gather importers and exporters based on their procurement volume and preferences, pinpointing your target customers. By comparing historical import export data, you can quickly identify authentic importers and exporters, thereby providing you with accurate opportunities for successful transactions. >>>Click to Get Sample Online

3. Professional Market Analysis to Seize Opportunities for Closing Deals

Which website is good for customs data inquiries? This is a question that many international trade enterprises are highly concerned about!

Tendata Customs Data Platform offers nearly 20 types of market analysis reports (>>>Click to Use Data Analytics for Free Online) that can be customized and analyzed in a multi-dimensional, visual manner. This enables you to effortlessly identify your peers' primary export markets and buyers. Through analyzing transaction quantities, prices, and supply chains of target buyers, as well as examining bill of lading details of successful buyers and competitor information, various data analysis reports are intelligently generated to highlight your competitive advantages, aiding you in capturing a larger market share.