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Brazil Trade Summary

2023

Brazil exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BRAZIL 2023

Overall Exports and Imports for Brazil 2023

Exports and imports of Brazil in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 339,696 million.
  • The total value of imports (CIF) was 252,710 million.
  • At the HS6 digit level, 4,205 products were exported to 227 countries and 4,226 products were imported from 224 countries.

Brazil top 5 Export and Import partners 2023

Top five countries to which Brazil exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Brazil exports to China worth US$ 104,325 million, with a partner share of 30.71 percent.
  2. Brazil exports to United States worth US$ 37,452 million, with a partner share of 11.03 percent.
  3. Brazil exports to Argentina worth US$ 16,712 million, with a partner share of 4.92 percent.
  4. Brazil exports to Netherlands worth US$ 12,148 million, with a partner share of 3.58 percent.
  5. Brazil exports to Mexico worth US$ 8,572 million, with a partner share of 2.52 percent.

Top five countries from which Brazil imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Brazil imports from China worth US$ 55,980 million, with a partner share of 22.15 percent.
  2. Brazil imports from United States worth US$ 40,191 million, with a partner share of 15.90 percent.
  3. Brazil imports from Germany worth US$ 13,624 million, with a partner share of 5.39 percent.
  4. Brazil imports from Argentina worth US$ 12,419 million, with a partner share of 4.91 percent.
  5. Brazil imports from Russian Federation worth US$ 11,134 million, with a partner share of 4.41 percent.

Brazil Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Brazil along with trade value are:

  1. Brazil exported Soya beans , worth 53,244,619.43 (US$ Thousands).
  2. Brazil exported Petroleum oils and oils obtained from bituminou , worth 42,611,148.60 (US$ Thousands).
  3. Brazil exported Non-agglomerated iron ores and concentrates , worth 27,298,053.22 (US$ Thousands).
  4. Brazil exported Maize (excl. seed) , worth 13,465,452.72 (US$ Thousands).
  5. Brazil exported Raw cane sugar, in solid form , worth 13,348,669.24 (US$ Thousands).

The top five imported HS 6 digit level products from world by Brazil along with trade value are

  1. Brazil imported Petroleum oils, etc, (excl. crude); preparation , worth 18,525,387.96 (US$ Thousands).
  2. Brazil imported Petroleum oils and oils obtained from bituminou , worth 9,382,113.74 (US$ Thousands).
  3. Brazil imported Potassium chloride , worth 5,528,250.99 (US$ Thousands).
  4. Brazil imported Monolithic integrated circuits, digital , worth 4,850,555.32 (US$ Thousands).
  5. Brazil imported Photosensitive semiconductor devices,photovolta , worth 4,061,743.21 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Brazil in 2023 are below

  • The maximum rate of tariff in percentage on any product was 55 percent.
  • The simple average tariff across all products was 13.35 percent.
  • The trade weighted average tariff was 7.86 .
  • The total duty free imports in thousands of US dollars were 73,639,579.77 and duty free tariff line items share was 17.35 percent.

Development Indicators 2023

Key Development Indicators of Brazil in 2023 are below

  • Brazil GDP in current US dollar was 2,191,132 million.
  • GNI per capita, Atlas method (current US$) was 9,310.00 .
  • Brazil Trade balance: as % of GDP was 2.27.
  • Trade balance in current US$ was 49,792.00 million.
  • Trade as percentage of GDP was 33.67 .
  • Trade in services as percentage of GDP was 6.12 .

Trade Indicators 2023

Trade Indicators for Brazil in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 14.70.
  • World Growth in percentage was -3.13 and Brazil Country Growth was 0.65 .