Brazil - Singapore Trade 2024 Whole Year: Resource-for-Tech Boom
Key Market Takeaways: Brazil - Singapore Trade
The bilateral trade relationship between Brazil and Singapore is marked by volatile growth and a dominant Brazilian surplus in 2024.
- Economic Pulse: Brazil holds a $7.07B trade surplus ($7.90B exports vs. $832.54M imports), with exports nearly 9.5x higher than imports, despite sharp monthly fluctuations.
- Exchange Structure: Brazil - Singapore trade statistics reveal a resource-for-tech complementarity: Brazil supplies Mineral Fuels (67.67% of exports) while importing Electrical Machinery (32.23% of imports).
- Strategic Interdependence: The partnership is highly complementary, with Singapore adding value through advanced manufacturing and Brazil anchoring raw material supply.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Brazil-Singapore Trade Trend in Whole Year 2024
Brazil Export Performance: Shipments to Singapore
- Total Volume: $7.90B in 2024.
- Growth Trend & Context:
- Volatile YoY performance, with sharp declines in February (-47.89%) and May (-53.13%) offset by strong rebounds in April (+85.41%) and August (+64.84%).
- No specific trade news to explain fluctuations.
- Key Volatility: April saw the highest MoM surge (+94.53%), while September recorded the steepest drop (-62.79%).
Brazil Import Performance: Sourcing from Singapore
- Total Volume: $832.54M in 2024.
- Growth Trend & Context:
- Mixed YoY trends, with steep contractions in March (-49.55%) and October (-45.17%) countered by growth in July (+37.28%) and December (+32.62%).
- Key Volatility: August peaked at $93.28M (+36.08% MoM), while June hit the lowest at $49.32M (-36.0% MoM).
Brazil - Singapore Trade Balance & Market Dynamics
- Net Position: Brazil holds a trade surplus of $7.07B ($7.90B exports vs. $832.54M imports).
- Relationship Status: Brazil is a dominant net exporter to Singapore, with exports nearly 9.5x higher than imports.
Brazil Import Trend from Singapore 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 68.22M | 31.47% | 19.11% |
| Feb | 54.87M | -19.56% | -3.75% |
| Mar | 74.89M | 36.49% | -49.55% |
| Apr | 69.86M | -6.73% | -19.95% |
| May | 77.06M | 10.31% | -12.75% |
| Jun | 49.32M | -36.0% | -39.09% |
| Jul | 68.55M | 38.98% | 37.28% |
| Aug | 93.28M | 36.08% | 2.93% |
| Sep | 70.89M | -24.0% | -29.74% |
| Oct | 64.72M | -8.7% | -45.17% |
| Nov | 72.07M | 11.36% | 43.12% |
| Dec | 68.82M | -4.52% | 32.62% |
| Total | 832.54M | - | - |
Brazil Export Trend to Singapore 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 1.08B | 160.54% | 37.57% |
| Feb | 329.41M | -69.46% | -47.89% |
| Mar | 504.82M | 53.25% | 26.23% |
| Apr | 982.04M | 94.53% | 85.41% |
| May | 546.96M | -44.3% | -53.13% |
| Jun | 551.88M | 0.9% | -41.22% |
| Jul | 717.56M | 30.02% | 29.01% |
| Aug | 1.00B | 39.37% | 64.84% |
| Sep | 372.13M | -62.79% | -23.59% |
| Oct | 636.92M | 71.16% | 6.37% |
| Nov | 595.06M | -6.57% | 54.9% |
| Dec | 586.79M | -1.39% | 41.72% |
| Total | 7.90B | - | - |
Get Historical Brazil Singapore Trade Records
Brazil-Singapore Top Trading Products in Whole Year 2024
Brazil Export Profile: What Does Brazil Sell to Singapore
- Top Commodity: Rank #1 export is Mineral Fuels (HS 27) at 67.67% of total exports to Singapore.
- Demand Driver: Singapore uses these for industrial processing and energy needs, likely refining or re-exporting.
- Concentration: Trade is heavily dominated by Mineral Fuels, with a 67.67% share, indicating high reliance on this category.
Brazil Import Profile: What Does Brazil Buy from Singapore
- Top Commodity: Rank #1 import is Electrical Machinery (HS 85) at 32.23% of total imports from Singapore.
- Dependency Nature: Critical technology dependency, as Brazil imports high-tech components for industrial or consumer use.
Brazil - Singapore Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Brazil exports raw materials (Mineral Fuels) and imports high-tech goods (Electrical Machinery, Machinery, Optical/Medical Instruments).
- Value Chain Position: Singapore holds the higher value-add position, supplying advanced manufactured goods, while Brazil provides commodities.
Import Analysis by Product: Singapore to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 268.37M | 32.23% |
| 84 | 182.92M | 21.97% |
| 90 | 77.43M | 9.30% |
| 30 | 76.21M | 9.15% |
| 39 | 55.00M | 6.61% |
| 38 | 44.04M | 5.29% |
| 29 | 30.20M | 3.63% |
| 40 | 22.11M | 2.66% |
| 27 | 10.58M | 1.27% |
| 76 | 9.71M | 1.17% |
Export Analysis by Product: Brazil to Singapore (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 5.35B | 67.67% |
| 84 | 722.56M | 9.14% |
| 02 | 551.62M | 6.98% |
| 89 | 529.14M | 6.70% |
| 72 | 191.66M | 2.43% |
| 26 | 139.84M | 1.77% |
| 90 | 76.44M | 0.97% |
| 73 | 40.62M | 0.51% |
| 22 | 38.49M | 0.49% |
| 79 | 32.93M | 0.42% |
Check Detailed Brazil-Singapore Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Brazil’s trade surplus with Singapore is expected to remain robust in 2025, driven by sustained demand for mineral fuels (HS 27) as Singapore continues refining and re-exporting energy products. However, volatility in monthly trade flows—evident in 2024’s sharp swings—calls for caution, particularly in pricing and contract stability. The resource-for-tech exchange model will likely deepen, but Brazil must address its over-reliance on a single export category to mitigate commodity price risks. Traders should prepare for both growth opportunities and sudden market corrections.
Strategic Moves
- Diversify Export Portfolio: Brazil must reduce dependence on mineral fuels by promoting secondary exports like agricultural goods (e.g., soybeans, beef) to Singapore, leveraging existing demand for high-value commodities.
- Lock in Tech Supply Chains: Importers of Singaporean electrical machinery (HS 85) should secure long-term contracts to hedge against supply disruptions, given Brazil’s critical dependency on these high-tech inputs.
- Monitor Trade Policy Shifts: Both nations may negotiate tighter energy or tech trade terms; exporters and importers must stay ahead of regulatory changes to avoid sudden tariff or quota impacts.
Frequently Asked Questions
How did Brazil - Singapore trade perform in 2024 Whole Year?
Brazil exported $7.90B to Singapore and imported $832.54M, with volatile monthly growth trends but an overall trade surplus.
What are the top exports from Brazil to Singapore?
Mineral Fuels (HS 27) dominate, accounting for 67.67% of Brazil’s exports to Singapore.
What does Brazil import from Singapore?
The top import is Electrical Machinery (HS 85), making up 32.23% of total imports from Singapore.
What is the trade balance between Brazil and Singapore?
Brazil holds a trade surplus of $7.07B, with exports nearly 9.5x higher than imports.
Brazil - Singapore Trade 2023 Q2: $2.38B Surplus
Brazil's trade surplus with Singapore hit $2.38B in Q2 2023, fueled by mineral fuel exports. Explore Brazil-Singapore trade trends and top products via yTrade data.
Brazil - Singapore Trade 2024 Q1: Resource-Tech Surge
Brazil's $1.71B surplus with Singapore highlights a resource-for-tech exchange, with mineral fuels dominating exports. Explore Brazil-Singapore trade trends on yTrade.
