Brazil - Mainland China Trade 2024 Q3: Resource-for-Tech Exchange
Key Market Takeaways: Brazil - Mainland China Trade
The bilateral trade relationship between Brazil and Mainland China shows growth with notable volatility in Q3 2024.
- $43.8B total trade volume with a $5.9B surplus for Brazil, though export swings (e.g., August’s -28.8% MoM drop) signal vulnerability.
- Resource-for-Tech exchange: Brazil’s top exports (78% raw materials like soybeans and ores) fund imports of Chinese machinery (43% of total).
- Asymmetric interdependence: Brazil relies on China’s demand for commodities, while China secures inputs and sells value-added tech.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-Mainland China Trade Trend in Q3 2024
Brazil Export Performance: Shipments to Mainland China
- Total Volume: $24.84B in Q3 2024.
- Growth Trend & Context:
- YoY declines in August (-22.38%) and September (-22.2%), offset by a 16.93% YoY rise in July. No news context to explain the contraction.
- Key Volatility: August saw a sharp -28.79% MoM drop, the steepest monthly decline in the quarter.
Brazil Import Performance: Sourcing from Mainland China
- Total Volume: $18.94B in Q3 2024.
- Growth Trend & Context:
- Consistently strong YoY growth: +37.23% (July), +22.56% (August), +27.12% (September). No news-driven disruptions.
- Key Volatility: July posted the highest MoM growth (+7.05%), while September was nearly flat (-0.16%).
Brazil - Mainland China Trade Balance & Market Dynamics
- Net Position: Brazil recorded a $5.9B trade surplus with Mainland China (Exports $24.84B vs. Imports $18.94B).
- Relationship Status: Brazil maintains a net exporter role, though export volatility (especially August’s plunge) warrants monitoring.
Brazil Import Trend from Mainland China 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 6.03B | -3.89% | 37.23% |
| Aug | 6.46B | 7.05% | 22.56% |
| Sep | 6.45B | -0.16% | 27.12% |
| Total | 18.94B | - | - |
Brazil Export Trend to Mainland China 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 10.17B | 6.14% | 16.93% |
| Aug | 7.24B | -28.79% | -22.38% |
| Sep | 7.43B | 2.53% | -22.2% |
| Total | 24.84B | - | - |
Get Historical Brazil Mainland China Trade Records
Brazil-Mainland China Top Trading Products in Q3 2024
Brazil Export Profile: What Does Brazil Sell to Mainland China
- Top Commodity: Rank #1 Export is HS Code 12 (Oil seeds and oleaginous fruits) at 33.44% of total exports.
- Demand Driver: Mainland China uses these for industrial processing (e.g., soybean crushing for animal feed and edible oil).
- Concentration: The top 3 exports (HS Codes 12, 26, 27) dominate 78.49% of trade, indicating heavy reliance on raw materials.
Brazil Import Profile: What Does Brazil Buy from Mainland China
- Top Commodity: Rank #1 Import is HS Code 85 (Electrical machinery and equipment) at 25.72% of total imports.
- Dependency Nature: Critical technology dependency, with machinery (HS Codes 84, 85) accounting for 43% of imports.
Brazil - Mainland China Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Brazil supplies raw materials (soybeans, ores, fuels), while Mainland China provides high-tech machinery and manufactured goods.
- Value Chain Position: Mainland China holds the higher value-add position, exporting complex machinery (HS 84, 85) versus Brazil’s commodity-heavy exports.
Import Analysis by Product: Mainland China to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 4.87B | 25.72% |
| 84 | 3.27B | 17.27% |
| 29 | 1.59B | 8.42% |
| 87 | 1.09B | 5.77% |
| 38 | 871.31M | 4.60% |
| 31 | 820.12M | 4.33% |
| 72 | 733.22M | 3.87% |
| 39 | 700.39M | 3.70% |
| 73 | 447.16M | 2.36% |
| 90 | 437.63M | 2.31% |
Export Analysis by Product: Brazil to Mainland China (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 8.31B | 33.44% |
| 26 | 5.84B | 23.51% |
| 27 | 5.35B | 21.54% |
| 02 | 2.04B | 8.22% |
| 47 | 1.17B | 4.70% |
| 17 | 746.53M | 3.00% |
| 72 | 330.86M | 1.33% |
| 52 | 182.28M | 0.73% |
| 15 | 149.57M | 0.60% |
| 25 | 142.29M | 0.57% |
Check Detailed Brazil-Mainland China Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Brazil’s trade surplus with Mainland China is expected to stabilize in Q4 2024, though export volatility may persist due to fluctuating commodity demand. While China’s appetite for Brazilian raw materials (soybeans, ores, fuels) remains strong, the recent YoY declines in August and September signal potential demand softening or supply-side bottlenecks. Conversely, Brazil’s reliance on Chinese high-tech imports will likely deepen, sustaining the resource-for-tech complementarity. Traders should prepare for tighter margins in commodity exports while capitalizing on stable machinery imports.
Strategic Moves
- Lock in Long-Term Supply Contracts: Brazilian soybean and ore exporters should negotiate fixed-price agreements with Chinese buyers to mitigate price swings and secure stable revenue streams.
- Diversify Export Markets: Reduce overreliance on China by targeting emerging Asian and Middle Eastern markets for commodity sales, cushioning against demand shocks.
- Boost Domestic Tech Capacity: Invest in local production of critical machinery (HS 84, 85) to reduce dependency on Chinese imports and capture higher value-added segments.
Frequently Asked Questions
How did Brazil - Mainland China trade perform in 2024 Q3?
Brazil exported $24.84B to Mainland China (mixed YoY growth) and imported $18.94B (strong YoY growth), resulting in a $5.9B trade surplus.
What are the top exports from Brazil to Mainland China?
Oil seeds and oleaginous fruits (HS Code 12) dominate, accounting for 33.44% of exports, alongside ores and fuels (HS Codes 26, 27).
What does Brazil import from Mainland China?
Electrical machinery and equipment (HS Code 85) lead at 25.72% of imports, with machinery (HS Codes 84, 85) comprising 43% of total imports.
What is the trade balance between Brazil and Mainland China?
Brazil maintained a $5.9B surplus in Q3 2024, though export volatility (e.g., August’s -28.79% MoM drop) warrants monitoring.
Brazil - Mainland China Trade 2024 Q2: Commodity Surplus & Tech Imbalance
Brazil's $12.59B surplus with Mainland China highlights a resource-for-tech exchange, with 85% of exports as raw materials. Explore Brazil Mainland China trade trends and top products via yTrade data.
Brazil - Mainland China Trade 2024 Q4: Cooling Demand & Export Decline
Brazil's trade deficit with China widened in Q4 2024 as exports fell 40.6%. Explore Brazil Mainland China trade trends & top trading products like ores and machinery via yTrade data.
