Brazil Top 10 Export Destination Countries in 2023 Q4
Brazil Top Export Destinations and Market Reach in 2023 Q4
- Dominant Market: Mainland China accounted for 31.01% ($26.77B) of Brazil’s exports, solidifying its role as the primary consumption market.
- Market Dependence: Top 3 partners (China, U.S., Netherlands) held 47.1% share—indicating moderate concentration risk in Brazil export destinations.
- Regional vs. Global: Exports show global reach, with key trading partners spanning Asia (China, Japan), Americas (U.S., Argentina, Chile, Mexico), and Europe (Netherlands, Spain).
Table: Brazil Top Destination Countries in 2023 Q4 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Mainland China | 26.77B | 31.01% |
| United States | 10.25B | 11.87% |
| Netherlands | 3.64B | 4.22% |
| Argentina | 3.07B | 3.55% |
| Chile | 2.08B | 2.40% |
| Mexico | 1.96B | 2.27% |
| Spain | 1.71B | 1.98% |
| Japan | 1.66B | 1.92% |
| Canada | 1.63B | 1.89% |
| Indonesia | 1.47B | 1.70% |
Get Complete Brazil Export Destination Countries Profile
Brazil - Key Destination Country Trading Product Pattern
- Mainland China (31.01%): A massive importer of Brazilian iron ore, soybeans, and crude oil to fuel its industrial base and feed its population.
- United States (11.87%): Imports significant volumes of Brazilian crude oil, semi-finished iron and steel products, and aircraft parts for its energy and manufacturing sectors.
- Netherlands (4.22%): Serves as a key European trade and distribution hub, importing Brazilian soybeans, animal feed, and raw materials for onward shipment across the continent.
- Argentina (3.55%): Relies on Brazilian imports of vehicles, auto parts, and machinery to support its industrial and consumer markets.
- Chile (2.40%): Buys Brazilian goods like vehicles, sugar, and machinery, benefiting from regional trade agreements and supply chain integration.
- Mexico (2.27%): Sources Brazilian products including motor vehicles, machinery, and iron and steel for its manufacturing and construction industries.
Frequently Asked Questions
Which countries are the top destinations for Brazil's exports in 2023 Q4?
The top 3 destinations are Mainland China ($26.77B), the United States ($10.25B), and the Netherlands ($3.64B).
What is the dominant export market for Brazil?
Mainland China is the primary buyer, accounting for 31.01% ($26.77B) of Brazil's total exports in Q4 2023.
Brazil Top 10 Export Destination Countries in 2023 Q3
In Q3 2023, China dominated as Brazil's top export destination with 31.3% share, while yTrade data reveals moderate risk as top 3 markets absorb 47.1% of shipments. Regional trade remains limited.
Brazil Top 10 Export Destination Countries in 2024 Q1
In Q1 2024, China remained Brazil's top export destination with 29.43% share, as yTrade data reveals concentrated reliance on just 3 key markets absorbing 45.63% of shipments.
