Brazil - Netherlands Trade 2024 Q3: $2.36B Surge
Key Market Takeaways: Brazil - Netherlands Trade
The bilateral trade relationship between Brazil and Netherlands reflects growth and volatility in Q3 2024.
- Brazil dominates trade with a $2.36B surplus, driven by $3.01B in exports (+23.63% YoY peak) against $646.74M imports (-9.21% YoY contraction).
- Resource-for-resource trade defines the flow, with both nations exchanging mineral fuels (HS 27)—Brazil’s top export (29.62%) and import (24.07%)—highlighting refining or logistical arbitrage.
- Strategic energy interdependence is evident, as Brazil supplies raw/semi-processed fuels while the Netherlands leverages its European refining hub role for value-add.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-Netherlands Trade Trend in Q3 2024
Brazil Export Performance: Shipments to Netherlands
- Total Volume: Brazil exported $3.01B worth of goods to the Netherlands in Q3 2024.
- Growth Trend & Context: Exports grew 23.63% YoY in September, the strongest monthly performance. However, August saw a -13.39% MoM drop, indicating volatility. No trade news explains these shifts.
- Key Volatility: September’s 7.86% MoM rebound followed August’s sharp decline, suggesting demand fluctuations.
Brazil Import Performance: Sourcing from Netherlands
- Total Volume: Brazil imported $646.74M from the Netherlands in Q3 2024.
- Growth Trend & Context: Imports contracted -9.21% YoY in August, persisting into September (-9.18% YoY). No news context is available to explain the downturn.
- Key Volatility: July’s 46.02% MoM surge stands out, though it tapered to 7.05% MoM growth by September.
Brazil - Netherlands Trade Balance & Market Dynamics
- Net Position: Brazil holds a trade surplus of $2.36B ($3.01B exports - $646.74M imports) with the Netherlands.
- Relationship Status: Brazil is a net exporter, with exports 4.6x higher than imports, reflecting strong outbound trade dominance.
Brazil Import Trend from Netherlands 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 189.90M | 46.02% | 1.86% |
| Aug | 220.64M | 16.19% | -9.21% |
| Sep | 236.20M | 7.05% | -9.18% |
| Total | 646.74M | - | - |
Brazil Export Trend to Netherlands 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 1.08B | 1.63% | 6.04% |
| Aug | 931.51M | -13.39% | 4.82% |
| Sep | 1.00B | 7.86% | 23.63% |
| Total | 3.01B | - | - |
Get Historical Brazil Netherlands Trade Records
Brazil-Netherlands Top Trading Products in Q3 2024
Brazil Export Profile: What Does Brazil Sell to Netherlands
- Top Commodity: Rank #1 export is HS 27 (Mineral fuels, oils) at 29.62% of total exports.
- Demand Driver: Netherlands uses these for industrial processing and energy needs.
- Concentration: Trade is moderately concentrated, with HS 27 accounting for nearly 30% of exports.
Brazil Import Profile: What Does Brazil Buy from Netherlands
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils) at 24.07% of total imports.
- Dependency Nature: Reflects energy security dependency, with refined petroleum products likely flowing back to Brazil.
Brazil - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Trade, with both sides exchanging refined and crude petroleum products. Suggests a refining or logistical arbitrage relationship.
- Value Chain Position: Netherlands likely holds higher value-add, given its role as a refining and distribution hub for Europe. Brazil’s exports are more raw or semi-processed.
Import Analysis by Product: Netherlands to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 155.67M | 24.07% |
| 84 | 106.33M | 16.44% |
| 31 | 55.42M | 8.57% |
| 39 | 38.61M | 5.97% |
| 30 | 38.29M | 5.92% |
| 90 | 30.53M | 4.72% |
| 87 | 27.37M | 4.23% |
| 29 | 27.06M | 4.18% |
| 21 | 18.95M | 2.93% |
| 85 | 18.94M | 2.93% |
Export Analysis by Product: Brazil to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 892.09M | 29.62% |
| 47 | 286.55M | 9.51% |
| 20 | 267.71M | 8.89% |
| 23 | 223.97M | 7.44% |
| 72 | 191.19M | 6.35% |
| 26 | 174.18M | 5.78% |
| 02 | 153.38M | 5.09% |
| 08 | 109.04M | 3.62% |
| 09 | 103.49M | 3.44% |
| 12 | 70.68M | 2.35% |
Check Detailed Brazil-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Brazil’s trade surplus with the Netherlands is likely to widen further in Q4 2024, driven by sustained demand for mineral fuels and oils (HS 27). The volatility in monthly export growth suggests traders should prepare for short-term fluctuations, but the overall trajectory remains upward, supported by the Netherlands’ role as an energy hub. However, the persistent YoY contraction in Brazilian imports from the Netherlands signals a potential cooling in refined petroleum demand, possibly due to domestic energy diversification efforts.
Strategic Moves
- Lock in Long-Term Contracts: Exporters of Brazilian crude and semi-processed fuels should secure fixed-term agreements with Dutch buyers to stabilize revenue amid price volatility.
- Diversify Import Sources: Brazilian importers should explore alternative suppliers for refined petroleum products to reduce dependency on Dutch re-exports and mitigate supply chain risks.
- Optimize Logistics for Volatility: Traders on both sides must adopt agile inventory strategies to handle sudden demand swings, leveraging Rotterdam’s port efficiency for just-in-time adjustments.
Frequently Asked Questions
How did Brazil - Netherlands trade perform in 2024 Q3?
Brazil exported $3.01B to the Netherlands, with 23.63% YoY growth in September, while imports fell -9.21% YoY in August. Trade showed volatility, with a $2.36B surplus for Brazil.
What are the top exports from Brazil to Netherlands?
The top export is HS 27 (Mineral fuels, oils), accounting for 29.62% of total exports, driven by industrial and energy demand in the Netherlands.
What does Brazil import from Netherlands?
Brazil’s top import is also HS 27 (Mineral fuels, oils), making up 24.07% of imports, likely reflecting refined petroleum products for energy security.
What is the trade balance between Brazil and Netherlands?
Brazil holds a $2.36B trade surplus with the Netherlands, with exports 4.6x higher than imports, reinforcing its net exporter position.
Brazil - Netherlands Trade 2024 Q2: Commodity Surplus Slows
Brazil's $2.70B trade surplus with the Netherlands shows slowing growth in Q2 2024. Explore Brazil Netherlands trade trends & top trading products via yTrade data.
Brazil - Netherlands Trade 2024 Q4: Declining Volumes
Brazil's trade surplus with the Netherlands hit $2.66B in 2024 Q4, but both exports and imports fell sharply. Explore Brazil Netherlands trade trends and top trading products via yTrade data.
