Brazil Top 10 Export Destination Countries in 2023 Q3
Brazil Top Export Destinations and Market Reach in 2023 Q3
- Dominant Market: Mainland China accounts for 31.3% ($27.58B) of Brazil’s exports, solidifying its role as the primary consumption market—not a transshipment hub.
- Market Dependence: Top 3 partners (China, U.S., Argentina) absorb 47.1% of exports, indicating moderate concentration risk. The Brazil export destinations list shows diversification beyond these, with 7 other partners each holding 1.8-4.8% shares.
- Regional vs. Global: Exports skew global—only Argentina (4.8%) and Chile (2.3%) are regional. Key trading partners span Asia (China, Japan, Singapore), North America (U.S., Canada), and Europe (Netherlands, Spain).
Table: Brazil Top Destination Countries in 2023 Q3 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Mainland China | 27.58B | 31.30% |
| United States | 9.73B | 11.04% |
| Argentina | 4.21B | 4.78% |
| Netherlands | 2.72B | 3.08% |
| Mexico | 2.25B | 2.56% |
| Spain | 2.25B | 2.55% |
| Chile | 2.03B | 2.31% |
| Japan | 1.87B | 2.13% |
| Singapore | 1.65B | 1.87% |
| Canada | 1.59B | 1.81% |
Get Complete Brazil Export Destination Countries Profile
Brazil - Key Destination Country Trading Product Pattern
- Mainland China (31.30%): A massive industrial economy with immense demand for Brazilian raw materials, particularly iron ore, soybeans, crude oil, and beef to fuel its manufacturing and feed its population.
- United States (11.04%): A major consumer market and industrial base that imports Brazilian crude oil, aircraft, iron and steel products, and machinery, reflecting both energy needs and supply chain integration.
- Argentina (4.78%): A regional partner with significant imports of Brazilian vehicles, machinery, and electronics, driven by integrated manufacturing and agricultural supply chains within Mercosur.
- Netherlands (3.08%): Serves as a key European logistics and distribution hub, with imports of Brazilian agricultural goods, fuels, and ores often routed through Rotterdam for wider European distribution.
- Mexico (2.56%): Imports Brazilian goods like vehicles, machinery, and iron and steel products, supporting its own manufacturing and automotive industries.
- Chile (2.31%): A stable South American economy that buys Brazilian manufactured goods, including vehicles, machinery, and electronics, to supplement its mining-focused import profile.
Frequently Asked Questions
Which countries are the top destinations for Brazil's exports in 2023 Q3?
The top 3 destinations are Mainland China ($27.58B), the United States ($9.73B), and Argentina ($4.21B).
What is the dominant export market for Brazil?
Mainland China is the primary buyer, accounting for 31.30% of Brazil's total exports in Q3 2023 with $27.58B in trade value.
Brazil Top 10 Export Destination Countries in 2023 Q2
In Q2 2023, China emerged as Brazil's top export destination, absorbing 32% of shipments, while yTrade data shows diversified global reach with 55% of exports going beyond the Americas.
Brazil Top 10 Export Destination Countries in 2023 Q4
In Q4 2023, China remained Brazil's top export destination with 31% share, while yTrade data shows global reach across Asia, Americas & Europe despite moderate market concentration.
