Brazil - Netherlands Trade 2024 Q2: Commodity Surplus Slows
Key Market Takeaways: Brazil - Netherlands Trade
The bilateral trade relationship between Brazil and Netherlands reflects a strong but volatile commodity-driven surplus in Q2 2024.
- Economic Pulse: Brazil holds a $2.70B trade surplus with the Netherlands, fueled by $3.20B in exports (6.3x imports). Growth slowed sharply by June (+1.11% YoY exports, -49.66% YoY imports).
- Exchange Structure: Brazil - Netherlands trade statistics reveal resource-for-tech complementarity: Brazil supplies mineral fuels (31.92% of exports), while the Netherlands dominates machinery imports (18.19%).
- Strategic Interdependence: Highly asymmetric—Brazil relies on Dutch high-tech goods, while the Netherlands depends on Brazilian raw materials for industrial processing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-Netherlands Trade Trend in Q2 2024
Brazil Export Performance: Shipments to Netherlands
- Total Volume: $3.20B in Q2 2024.
- Growth Trend & Context:
- YoY growth was positive in April (+32.8%) but slowed sharply to +1.11% by June, indicating weakening demand or base effects.
- No relevant trade news to explain the trend.
- Key Volatility: April saw a 28.04% MoM surge, followed by a -12.17% drop in May.
Brazil Import Performance: Sourcing from Netherlands
- Total Volume: $504.29M in Q2 2024.
- Growth Trend & Context:
- Steep YoY declines throughout Q2, worsening to -49.66% in June, suggesting a structural pullback in purchases.
- Key Volatility: April imports ($212.68M) were the peak, with consecutive monthly drops (-27.5% MoM in April, -19.5% in June).
Brazil - Netherlands Trade Balance & Market Dynamics
- Net Position: Brazil holds a $2.70B trade surplus with the Netherlands (Exports: $3.20B > Imports: $504.29M).
- Relationship Status: Brazil is a dominant net exporter, with exports 6.3x higher than imports, signaling strong commodity or manufacturing reliance on this market.
Brazil Import Trend from Netherlands 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 212.68M | -27.5% | -20.66% |
| May | 161.55M | -24.04% | -17.29% |
| Jun | 130.05M | -19.5% | -49.66% |
| Total | 504.29M | - | - |
Brazil Export Trend to Netherlands 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 1.14B | 28.04% | 32.8% |
| May | 1.00B | -12.17% | 4.4% |
| Jun | 1.06B | 5.73% | 1.11% |
| Total | 3.20B | - | - |
Get Historical Brazil Netherlands Trade Records
Brazil-Netherlands Top Trading Products in Q2 2024
Brazil Export Profile: What Does Brazil Sell to Netherlands
- Top Commodity: Rank #1 export is HS 27 (Mineral fuels, oils) at 31.92% of total exports.
- Demand Driver: Netherlands uses these for industrial processing (refining, energy production).
- Concentration: Trade is highly concentrated, with HS 27 alone accounting for nearly one-third of exports.
Brazil Import Profile: What Does Brazil Buy from Netherlands
- Top Commodity: Rank #1 import is HS 84 (Nuclear reactors, machinery) at 18.19% of total imports.
- Dependency Nature: Reflects critical technology dependency (industrial machinery, high-tech equipment).
Brazil - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Brazil exports raw materials (fuels, ores) and imports advanced machinery.
- Value Chain Position: Netherlands holds the higher value-add position, supplying high-tech goods while Brazil provides commodities.
Import Analysis by Product: Netherlands to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 91.74M | 18.19% |
| 27 | 90.20M | 17.89% |
| 30 | 33.31M | 6.61% |
| 39 | 28.84M | 5.72% |
| 31 | 24.57M | 4.87% |
| 87 | 24.51M | 4.86% |
| 90 | 24.14M | 4.79% |
| 21 | 20.31M | 4.03% |
| 20 | 17.56M | 3.48% |
| 29 | 13.78M | 2.73% |
Export Analysis by Product: Brazil to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 1.02B | 31.92% |
| 12 | 317.61M | 9.93% |
| 26 | 241.39M | 7.55% |
| 72 | 238.13M | 7.44% |
| 47 | 218.18M | 6.82% |
| 23 | 207.72M | 6.49% |
| 20 | 193.56M | 6.05% |
| 02 | 109.92M | 3.44% |
| 08 | 93.76M | 2.93% |
| 09 | 93.60M | 2.93% |
Check Detailed Brazil-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Brazil-Netherlands Trade
Brazil’s trade surplus with the Netherlands is expected to persist in Q3 2024, but export growth may slow further due to weakening demand and base effects. The sharp YoY decline in imports suggests a structural shift, possibly driven by reduced Dutch machinery purchases or domestic substitution efforts. However, the commodity-driven export model remains resilient, with mineral fuels (HS 27) likely to dominate. Traders should prepare for volatility, as the Netherlands’ industrial demand could soften amid broader economic uncertainty.
Strategic Moves for Traders & Exporters
- Lock in Fuel Export Contracts: With HS 27 (mineral fuels) accounting for nearly a third of exports, Brazilian suppliers should secure long-term agreements to stabilize revenue amid fluctuating demand.
- Diversify Import Sources: The steep drop in Dutch machinery imports (HS 84) signals over-reliance. Brazilian manufacturers must scout alternative suppliers in Germany or Japan to mitigate supply chain risks.
- Monitor Dutch Industrial Policy: Shifts in the Netherlands’ energy or tech sectors could disrupt trade flows. Exporters should track regulatory changes and adjust shipments accordingly to avoid sudden demand shocks.
Frequently Asked Questions
How did Brazil - Netherlands trade perform in 2024 Q2?
Brazil exported $3.20B to the Netherlands in Q2 2024, with slowing YoY growth, while imports fell sharply to $504.29M, worsening to -49.66% YoY in June.
What are the top exports from Brazil to Netherlands?
The top export is HS 27 (Mineral fuels, oils), accounting for 31.92% of total exports, reflecting Brazil's strong commodity reliance on the Dutch market.
What does Brazil import from Netherlands?
Brazil's top import is HS 84 (Nuclear reactors, machinery), making up 18.19% of total imports, highlighting a dependency on Dutch high-tech equipment.
What is the trade balance between Brazil and Netherlands?
Brazil holds a $2.70B trade surplus with the Netherlands, with exports 6.3x higher than imports, signaling a dominant net exporter position.
Brazil - Netherlands Trade 2024 Q1: Strong but Volatile
Brazil Netherlands trade trend shows a $1.65B surplus for Q1 2024, driven by resource-for-resource exchange. Explore Brazil Netherlands top trading product insights via yTrade data.
Brazil - Netherlands Trade 2024 Q3: $2.36B Surge
Brazil's $2.36B surplus with the Netherlands in Q3 2024 highlights a resource-for-resource trade trend, with mineral fuels dominating. Verified by yTrade data.
