Brazil - Chile Trade 2025 Q2: $360M Surplus

Key Market Takeaways: Brazil - Chile Trade

The bilateral trade relationship between Brazil and Chile shows mixed growth with high volatility in Q2 2025.

• Brazil holds a $360M trade surplus, with exports ($1.55B) outpacing imports ($1.19B), though both sides saw uneven YoY performance.
• Resource-for-resource complementarity drives trade: Brazil supplies mineral fuels (HS 27) and vehicles (HS 87) while importing Chilean copper (HS 74) for industrial needs.
• Strategic interdependence is strong, with Brazil adding higher value in machinery and Chile specializing in raw materials.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Brazil-Chile Trade Trend in Q2 2025

Brazil Export Performance: Shipments to Chile

• Total Volume: $1.55B in Q2 2025.
• Growth Trend & Context: Mixed YoY performance—June saw a 2.83% YoY rebound after steep declines in April (-30.56%) and May (-15.78%). No news to contextualize shifts.
• Key Volatility: June surged 23.4% MoM, offsetting May’s -9.32% drop.

Brazil Import Performance: Sourcing from Chile

• Total Volume: $1.19B in Q2 2025.
• Growth Trend & Context: YoY declines persisted in April (-22.47%) and June (-28.19%), with May’s 3.17% growth as an outlier. No news to explain trends.
• Key Volatility: June imports plummeted -22.5% MoM, erasing May’s 12.95% gain.

Brazil - Chile Trade Balance & Market Dynamics

• Net Position: Brazil holds a $360M trade surplus with Chile (Exports: $1.55B > Imports: $1.19B).
• Relationship Status: Brazil maintains a net exporter role, though import volatility suggests uneven demand for Chilean goods.

Brazil Import Trend from Chile 2025 Q2 (Source: yTrade)**

Brazil Export Trend to Chile 2025 Q2 (Source: yTrade)**

Get Historical Brazil Chile Trade Records

Brazil-Chile Top Trading Products in Q2 2025

Brazil Export Profile: What Does Brazil Sell to Chile

• Top Commodity: Rank #1 export is Mineral Fuels (HS 27) with a 21.24% share.
• Demand Driver: Chile uses these for industrial processing and energy needs.
• Concentration: No single category dominates (>50% share). Exports are diversified across vehicles (HS 87), meat (HS 02), and machinery (HS 85/84).

Brazil Import Profile: What Does Brazil Buy from Chile

• Top Commodity: Rank #1 import is Copper (HS 74) with a 42.55% share.
• Dependency Nature: Raw material dependency for Brazil's industrial and construction sectors.

Brazil - Chile Trade Relationship Dynamics

• The Exchange Model: Resource-for-Resource Complementarity. Brazil supplies energy (HS 27) and vehicles (HS 87) while importing copper (HS 74) and agricultural goods (HS 03/08).
• Value Chain Position: Brazil holds higher value-add in machinery (HS 84/85) and vehicles (HS 87), while Chile specializes in raw materials (HS 74, 26).

Import Analysis by Product: Chile to Brazil (Source: yTrade)

Export Analysis by Product: Brazil to Chile (Source: yTrade)

Check Detailed Brazil-Chile Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Brazil’s trade with Chile is poised for moderate recovery in Q3 2025, driven by resilient demand for mineral fuels (HS 27) and copper (HS 74). However, persistent import volatility signals underlying demand fragility, likely tempering growth. The Brazil-Chile trade forecast hinges on stabilizing industrial demand in both markets, with Brazil’s surplus expected to hold unless copper prices rally sharply. Exporters should prepare for uneven monthly swings, particularly in energy and raw material flows.

Strategic Moves

• Lock in Energy Contracts: Brazilian fuel exporters should secure fixed-term agreements with Chilean industrial buyers to mitigate price volatility and ensure steady revenue.
• Diversify Copper Suppliers: Brazilian manufacturers must reduce reliance on Chilean copper by exploring alternative sources (e.g., Peru, Zambia) to hedge against supply shocks.
• Push Higher-Value Exports: Capitalize on Brazil’s competitive edge in machinery (HS 84/85) and vehicles (HS 87) by targeting Chilean infrastructure and logistics upgrades.

Frequently Asked Questions

How did Brazil - Chile trade perform in 2025 Q2?

Brazil exported $1.55B to Chile and imported $1.19B, with mixed YoY growth—exports rebounded in June (+2.83%) while imports declined (-28.19% YoY in June).

What are the top exports from Brazil to Chile?

Mineral Fuels (HS 27) lead Brazil’s exports to Chile (21.24% share), followed by vehicles (HS 87), meat (HS 02), and machinery (HS 85/84).

What does Brazil import from Chile?

Copper (HS 74) dominates Brazil’s imports from Chile (42.55% share), primarily for industrial and construction needs.

What is the trade balance between Brazil and Chile?

Brazil holds a $360M trade surplus with Chile, driven by higher exports ($1.55B) than imports ($1.19B). Volatility in imports suggests uneven demand.