Brazil - Germany Trade 2024 Whole Year: Volatile Deficit
Key Market Takeaways: Brazil - Germany Trade
The bilateral trade relationship between Brazil and Germany is marked by volatile growth and a significant trade deficit in 2024.
- Economic Pulse: Brazil posted an $8.29B trade deficit with Germany ($14.14B imports vs. $5.85B exports), reflecting heavy reliance on German industrial goods despite volatile export rebounds.
- Exchange Structure: Brazil - Germany trade statistics show a resource-for-tech model—Brazil supplies coffee, minerals, and food (58.98% of exports) while importing machinery and high-tech equipment (25.65% of imports).
- Strategic Interdependence: The partnership is asymmetrical but complementary, with Germany holding the high-value position in capital goods and Brazil as a key supplier of raw materials.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-Germany Trade Trend in Whole Year 2024
Brazil Export Performance: Shipments to Germany
- Total Volume: $5.85B in exports to Germany for 2024.
- Growth Trend & Context:
- YoY swings were volatile, with sharp declines in Jan (-15.95%) and Mar (-17.42%) offset by strong rebounds in Sep (41.65%) and Nov (44.2%).
- No specific trade news to explain the fluctuations.
- Key Volatility:
- Jun saw a 38.54% MoM surge, while Jul and Dec posted steep drops (-41.49% and -36.76% MoM, respectively).
Brazil Import Performance: Sourcing from Germany
- Total Volume: $14.14B in imports from Germany for 2024.
- Growth Trend & Context:
- Mixed YoY performance: Apr (+21.71%) and Sep (+21.05%) were standout months, but Mar (-15.1%) and Jul (-4.79%) dragged.
- Key Volatility:
- Nov recorded a -20.42% MoM plunge, while Dec rebounded with a 12.4% MoM gain.
Brazil - Germany Trade Balance & Market Dynamics
- Net Position: Brazil ran a trade deficit of $8.29B (Imports $14.14B > Exports $5.85B).
- Relationship Status: Heavy reliance on German imports, with exports failing to offset the imbalance.
Brazil Import Trend from Germany 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 1.13B | 11.14% | -4.58% |
| Feb | 1.06B | -6.32% | 7.16% |
| Mar | 1.18B | 12.03% | -15.1% |
| Apr | 1.20B | 1.53% | 21.71% |
| May | 1.24B | 2.86% | 6.5% |
| Jun | 1.23B | -0.85% | 6.43% |
| Jul | 1.24B | 1.21% | -4.79% |
| Aug | 1.30B | 4.98% | 2.05% |
| Sep | 1.27B | -2.6% | 21.05% |
| Oct | 1.22B | -3.54% | 11.09% |
| Nov | 973.88M | -20.42% | -4.07% |
| Dec | 1.09B | 12.4% | 7.85% |
| Total | 14.14B | - | - |
Brazil Export Trend to Germany 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 433.30M | 2.34% | -15.95% |
| Feb | 424.32M | -2.07% | 15.44% |
| Mar | 461.21M | 8.7% | -17.42% |
| Apr | 481.84M | 4.47% | 2.65% |
| May | 408.24M | -15.27% | -8.82% |
| Jun | 565.60M | 38.54% | 10.14% |
| Jul | 330.94M | -41.49% | -31.4% |
| Aug | 421.23M | 27.28% | -14.87% |
| Sep | 615.06M | 46.02% | 41.65% |
| Oct | 717.06M | 16.58% | 39.91% |
| Nov | 608.60M | -15.13% | 44.2% |
| Dec | 384.90M | -36.76% | -9.09% |
| Total | 5.85B | - | - |
Get Historical Brazil Germany Trade Records
Brazil-Germany Top Trading Products in Whole Year 2024
Brazil Export Profile: What Does Brazil Sell to Germany
- Top Commodity: Rank #1 export is HS Code 09 (Coffee, tea, spices) at 31.36% of total exports to Germany.
- Demand Driver: Germany imports these primarily for consumer market consumption, reflecting strong demand for Brazilian agricultural products.
- Concentration: The top 3 exports (HS 09, 26, 23) account for 58.98% of total exports, indicating moderate concentration in raw materials and food products.
Brazil Import Profile: What Does Brazil Buy from Germany
- Top Commodity: Rank #1 import is HS Code 84 (Machinery, nuclear reactors) at 25.65% of total imports from Germany.
- Dependency Nature: Dominated by high-tech and capital goods, highlighting Brazil's reliance on German machinery and industrial equipment for manufacturing and infrastructure.
Brazil - Germany Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Brazil supplies agricultural and mineral products (HS 09, 26, 23) in exchange for German machinery and industrial goods (HS 84, 85, 90).
- Value Chain Position: Germany holds the higher value-add position, exporting complex machinery (HS 84, 87) while Brazil provides lower-value raw materials. Trade is asymmetrical but mutually beneficial.
Import Analysis by Product: Germany to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 3.63B | 25.65% |
| 30 | 1.73B | 12.23% |
| 87 | 1.48B | 10.49% |
| 29 | 1.31B | 9.24% |
| 85 | 983.07M | 6.95% |
| 90 | 958.39M | 6.78% |
| 39 | 666.49M | 4.71% |
| 73 | 587.84M | 4.16% |
| 38 | 527.42M | 3.73% |
| 72 | 283.38M | 2.00% |
Export Analysis by Product: Brazil to Germany (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 09 | 1.84B | 31.36% |
| 26 | 936.42M | 16.00% |
| 23 | 679.94M | 11.62% |
| 84 | 440.93M | 7.53% |
| 71 | 246.91M | 4.22% |
| 28 | 214.04M | 3.66% |
| 47 | 167.27M | 2.86% |
| 85 | 142.70M | 2.44% |
| 12 | 110.79M | 1.89% |
| 02 | 92.78M | 1.59% |
Check Detailed Brazil-Germany Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Brazil-Germany trade relationship in 2025 is expected to remain volatile but structurally resilient, driven by Germany’s steady demand for Brazilian agricultural goods (HS 09) and Brazil’s reliance on German machinery (HS 84). However, the persistent $8.29B trade deficit signals vulnerability to external shocks, such as commodity price swings or supply chain disruptions. Exporters should anticipate asymmetrical growth, with German industrial exports likely outpacing Brazilian raw material shipments unless Brazil diversifies its export basket. The Brazil-Germany trade forecast hinges on Brazil’s ability to stabilize export volumes and Germany’s appetite for resource-driven imports.
Strategic Moves
- Lock in Long-Term Contracts for Coffee & Spices (HS 09): Brazilian exporters must secure multi-year agreements with German buyers to mitigate price volatility and ensure stable revenue streams, given Germany’s consistent demand.
- Diversify Import Sources for Machinery (HS 84): Brazilian manufacturers should reduce dependency on German capital goods by exploring competitive alternatives from Asia or regional suppliers to balance trade asymmetry.
- Invest in Value-Added Processing for Key Exports: Brazil must upgrade its mineral and agricultural exports (HS 26, 23) into semi-finished goods to capture higher margins and reduce the raw-material-for-tech imbalance.
Frequently Asked Questions
How did Brazil - Germany trade perform in 2024 Whole Year?
Brazil exported $5.85B to Germany and imported $14.14B, with volatile monthly swings but no clear annual growth trend.
What are the top exports from Brazil to Germany?
Coffee, tea, and spices (HS Code 09) lead, followed by mineral products (HS 26) and food industry residues (HS 23), accounting for 58.98% of total exports.
What does Brazil import from Germany?
Machinery and nuclear reactors (HS Code 84) dominate, reflecting Brazil’s reliance on German high-tech and capital goods for manufacturing and infrastructure.
What is the trade balance between Brazil and Germany?
Brazil ran a trade deficit of $8.29B with Germany in 2024, driven by higher imports of industrial goods versus exports of raw materials.
Brazil - Germany Trade 2023 Q4: Persistent Deficit & Volatile Trends
Brazil's trade deficit with Germany hit $1.77B in Q4 2023, with volatile export swings. Explore Brazil-Germany trade trends and top trading products via yTrade data.
Brazil - Germany Trade 2024 Q1: Persistent Deficit
Brazil's trade deficit with Germany hit $2.05B in Q1 2024, driven by resource-for-tech exchange. Explore Brazil Germany trade trends and top trading products via yTrade data.
