Brazil - Netherlands Trade 2023 Q3: Energy Trade Surplus

Key Market Takeaways: Brazil - Netherlands Trade

The bilateral trade relationship between Brazil and Netherlands shows Brazil maintaining a strong surplus despite declining export volumes in Q3 2023.

• Economic Pulse: Brazil holds a $2.03B trade surplus (exports $2.72B > imports $689.53M), though exports fell YoY while imports saw mixed growth.
• Exchange Structure: The Brazil - Netherlands trade statistics reveal a Resource-for-Resource Trade, with both sides exchanging mineral fuels—Brazil likely exports crude/semi-processed, while the Netherlands supplies refined products.
• Strategic Interdependence: The mutual reliance on energy trade highlights complementary supply chain roles, with the Netherlands adding value through refining capacity.

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

Brazil-Netherlands Trade Trend in Q3 2023

Brazil Export Performance: Shipments to Netherlands

• Total Volume: $2.72B in Q3 2023.
• Growth Trend & Context:
  • YoY decline persisted across all months, worsening from -0.71% in July to -27.25% in September.
  • Sharpest MoM drop in August (-12.38%), followed by September (-8.55%).
• Key Volatility: July was the only month with a minor MoM dip (-3.09%), while August and September saw accelerated declines.

Brazil Import Performance: Sourcing from Netherlands

• Total Volume: $689.53M in Q3 2023.
• Growth Trend & Context:
  • Mixed YoY performance: +11.29% in August and +25.71% in September offset July’s -19.44% slump.
  • MoM swings ranged from -27.84% (July) to +30.37% (August).
• Key Volatility: August posted the highest MoM surge (+30.37%), while July recorded the steepest drop.

Brazil - Netherlands Trade Balance & Market Dynamics

• Net Position: Brazil holds a $2.03B trade surplus (Exports $2.72B > Imports $689.53M).
• Relationship Status: Brazil remains a dominant net exporter to the Netherlands, with exports nearly 4x imports despite declining export volumes.

Brazil Import Trend from Netherlands 2023 Q3 (Source: yTrade)**

Brazil Export Trend to Netherlands 2023 Q3 (Source: yTrade)**

Get Historical Brazil Netherlands Trade Records

Brazil-Netherlands Top Trading Products in Q3 2023

Brazil Export Profile: What Does Brazil Sell to Netherlands

• Top Commodity: HS Code 27 (Mineral fuels, oils) dominates at 27.25% of total exports.
• Demand Driver: Netherlands imports these for industrial processing and energy needs.
• Concentration: No single category exceeds 50%, but HS Code 27 holds a significant lead.

Brazil Import Profile: What Does Brazil Buy from Netherlands

• Top Commodity: HS Code 27 (Mineral fuels, oils) leads at 44.52% of imports.
• Dependency Nature: Reflects energy security dependency, likely refined petroleum products.

Brazil - Netherlands Trade Relationship Dynamics

• The Exchange Model: Resource-for-Resource Trade—both sides exchange mineral fuels, suggesting a mutual energy supply chain link.
• Value Chain Position: Netherlands likely holds higher value-add, given its refining capacity, while Brazil exports crude or semi-processed fuels.

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

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

Check Detailed Brazil-Netherlands Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Brazil’s trade surplus with the Netherlands is likely to persist, but export volumes may face continued pressure in Q4 2023 due to the sharpening YoY declines. The mutual reliance on mineral fuels (HS Code 27) suggests stability in core trade flows, but volatility in monthly performance demands caution. If Brazil’s export slump extends, the Netherlands may seek alternative suppliers, risking Brazil’s dominant position. Conversely, import growth from the Netherlands could narrow the surplus if energy demand remains high.

Strategic Moves

• Diversify Export Offerings: Brazil must reduce dependence on mineral fuels by promoting secondary export categories (e.g., agriculture, machinery) to mitigate downturns in energy trade.
• Lock in Refined Fuel Contracts: Brazilian importers should secure long-term agreements with Dutch refiners to stabilize pricing and supply amid fluctuating monthly import volumes.
• Optimize Logistics for Volatile Months: Traders must adopt dynamic inventory strategies, such as just-in-time (JIT) adjustments, to navigate the erratic MoM swings in both exports and imports.

Frequently Asked Questions

How did Brazil - Netherlands trade perform in 2023 Q3?

Brazil's exports to the Netherlands declined YoY, totaling $2.72B, while imports rose to $689.53M with mixed YoY growth.

What are the top exports from Brazil to Netherlands?

The top export is HS Code 27 (Mineral fuels, oils), accounting for 27.25% of total exports.

What does Brazil import from Netherlands?

Brazil primarily imports HS Code 27 (Mineral fuels, oils) from the Netherlands, making up 44.52% of total imports.

What is the trade balance between Brazil and Netherlands?

Brazil holds a $2.03B trade surplus with the Netherlands, as exports nearly quadruple imports despite declining volumes.