Brazil - France Trade 2024 Whole Year: Deficit & Tech Imbalance
Key Market Takeaways: Brazil - France Trade
The bilateral trade relationship between Brazil and France is marked by volatility and a persistent deficit in 2024.
- Economic Pulse: Brazil posted a $3.31B trade deficit with France ($6.31B imports vs. $3.00B exports), with erratic monthly swings in both directions.
- Exchange Structure: Brazil - France trade statistics reveal a resource-for-tech dynamic—Brazil supplies agricultural residues (HS 23) and fuels (HS 27), while France dominates with machinery (HS 84) and pharmaceuticals (HS 30).
- Strategic Interdependence: The partnership is structurally complementary but imbalanced, with France holding the high-value position in the supply chain.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-France Trade Trend in Whole Year 2024
Brazil Export Performance: Shipments to France
- Total Volume: $3.00B in exports to France for 2024.
- Growth Trend & Context:
- Volatile YoY performance, with sharp declines in Feb (-21.93%), Mar (-29.84%), and Dec (-48.19%), offset by surges in Apr (+88.21%) and Aug (+41.41%).
- No specific trade news to explain fluctuations.
- Key Volatility: April saw a 100.41% MoM spike, while December posted a -21.63% MoM drop.
Brazil Import Performance: Sourcing from France
- Total Volume: $6.31B in imports from France for 2024.
- Growth Trend & Context:
- Mixed YoY trends, with strong growth in Oct (+30.01%) and Sep (+20.73%) but contractions in Mar (-1.5%), May (-0.95%), and Jul (-2.55%).
- Key Volatility: February recorded the lowest MoM drop (-22.26%), while May peaked at $616.06M.
Brazil - France Trade Balance & Market Dynamics
- Net Position: Brazil ran a trade deficit of $3.31B (Imports $6.31B > Exports $3.00B).
- Relationship Status: Heavy reliance on French imports, with exports failing to offset the imbalance.
Brazil Import Trend from France 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 507.12M | 28.21% | 11.93% |
| Feb | 394.22M | -22.26% | 14.91% |
| Mar | 484.12M | 22.81% | -1.5% |
| Apr | 556.42M | 14.93% | 16.98% |
| May | 616.06M | 10.72% | -0.95% |
| Jun | 484.01M | -21.44% | 0.88% |
| Jul | 526.89M | 8.86% | -2.55% |
| Aug | 587.13M | 11.43% | 13.76% |
| Sep | 556.78M | -5.17% | 20.73% |
| Oct | 565.95M | 1.65% | 30.01% |
| Nov | 520.07M | -8.11% | 11.2% |
| Dec | 506.53M | -2.6% | 28.06% |
| Total | 6.31B | - | - |
Brazil Export Trend to France 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 266.17M | -17.47% | 16.16% |
| Feb | 187.57M | -29.53% | -21.93% |
| Mar | 191.40M | 2.04% | -29.84% |
| Apr | 383.60M | 100.41% | 88.21% |
| May | 273.58M | -28.68% | -9.04% |
| Jun | 234.34M | -14.34% | 17.73% |
| Jul | 228.04M | -2.69% | 18.62% |
| Aug | 283.88M | 24.49% | 41.41% |
| Sep | 272.66M | -3.95% | -19.26% |
| Oct | 297.80M | 9.22% | 15.71% |
| Nov | 213.21M | -28.4% | -7.03% |
| Dec | 167.09M | -21.63% | -48.19% |
| Total | 3.00B | - | - |
Get Historical Brazil France Trade Records
Brazil-France Top Trading Products in Whole Year 2024
Brazil Export Profile: What Does Brazil Sell to France
- Top Commodity: HS Code 23 (Residues and waste from the food industries) dominates at 22.15% of total exports to France.
- Demand Driver: France uses these for industrial processing, likely as inputs for animal feed or biofuel production.
- Concentration: The top two categories (HS 23 and 27) account for 43.86%, indicating moderate concentration in raw materials.
Brazil Import Profile: What Does Brazil Buy from France
- Top Commodity: HS Code 84 (Nuclear reactors, boilers, machinery) leads at 30.24% of imports, reflecting France's industrial exports.
- Dependency Nature: Critical technology dependency, as Brazil imports high-value machinery and equipment for infrastructure and manufacturing.
Brazil - France Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Brazil supplies raw materials (HS 23, 27) while France exports machinery (HS 84) and pharmaceuticals (HS 30).
- Value Chain Position: France holds the higher value-add position, with advanced exports (machinery, pharmaceuticals) versus Brazil's commodity-heavy shipments.
Import Analysis by Product: France to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 1.91B | 30.24% |
| 30 | 609.46M | 9.67% |
| 88 | 421.20M | 6.68% |
| 29 | 404.96M | 6.42% |
| 87 | 333.00M | 5.28% |
| 39 | 325.83M | 5.17% |
| 38 | 293.59M | 4.66% |
| 85 | 276.08M | 4.38% |
| 90 | 265.53M | 4.21% |
| 27 | 200.34M | 3.18% |
Export Analysis by Product: Brazil to France (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 664.38M | 22.15% |
| 27 | 651.23M | 21.71% |
| 47 | 233.86M | 7.80% |
| 84 | 213.52M | 7.12% |
| 09 | 180.29M | 6.01% |
| 26 | 129.30M | 4.31% |
| 73 | 123.99M | 4.13% |
| 72 | 94.83M | 3.16% |
| 88 | 81.55M | 2.72% |
| 44 | 81.05M | 2.70% |
Check Detailed Brazil-France Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Brazil - France Trade
The Brazil - France trade relationship is expected to remain volatile in the near term, with Brazil’s deficit likely to persist due to its heavy reliance on French high-value machinery and pharmaceuticals. While Brazil’s commodity exports (HS 23, 27) may see sporadic demand spikes, structural imbalances and price fluctuations in raw materials will keep trade flows uneven. Without diversification or value-added export growth, France will maintain its upper hand in the exchange model. Traders should brace for continued turbulence, particularly in months with historically sharp swings (April, December).
Strategic Moves for Brazilian Stakeholders
- Diversify Export Composition: Shift focus from low-margin raw materials (HS 23, 27) to semi-processed or niche agricultural goods to capture higher value in French markets.
- Negotiate Long-Term Tech Transfer Deals: Counter the deficit by securing joint ventures or local production agreements for French machinery (HS 84) to reduce import dependency.
- Hedge Against Commodity Volatility: Lock in forward contracts for key exports like food industry residues (HS 23) to mitigate the impact of erratic monthly swings.
Frequently Asked Questions
How did Brazil - France trade perform in 2024 Whole Year?
Brazil exported $3.00B to France and imported $6.31B, resulting in volatile growth trends with sharp declines and surges in specific months.
What are the top exports from Brazil to France?
The top exports are residues and waste from the food industries (HS Code 23) and energy-related products (HS Code 27), accounting for 43.86% of total exports.
What does Brazil import from France?
Brazil primarily imports nuclear reactors, boilers, and machinery (HS Code 84), reflecting France's industrial exports and Brazil's technology dependency.
What is the trade balance between Brazil and France?
Brazil recorded a trade deficit of $3.31B with France in 2024, driven by higher imports of machinery and pharmaceuticals compared to exports of raw materials.
Brazil - France Trade 2023 Q3: Widening Deficit
Brazil's trade deficit with France hit $789.29M in Q3 2023, driven by declining exports and high-value imports. Explore Brazil France trade trends and top trading products with yTrade data.
Brazil - France Trade 2024 Q1: Widening Deficit
Brazil's trade deficit with France hit $744.86M in Q1 2024, driven by tech imports. Explore Brazil France trade trends and top trading products via yTrade data.
