Brazil Top 10 Export Destination Countries in 2024 Q1
Brazil Top Export Destinations and Market Reach in 2024 Q1
- Dominant Market: Mainland China accounts for 29.43% ($22.87B) of Brazil’s exports, solidifying its position as the primary consumption market—not a transshipment hub.
- Market Dependence: Top 3 partners (China, US, Argentina) absorb 45.63% of exports, indicating moderate reliance on a narrow buyer base for Brazil export destinations.
- Global Spread: Exports skew toward distant economies (China, US, EU) over regional neighbors, with only Argentina (3.61%) and Chile (2.01%) ranking in the top 10 key trading partners.
Data reflects 2024 Q1 trade flows. Values in USD.
Table: Brazil Top Destination Countries in 2024 Q1 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Mainland China | 22.87B | 29.43% |
| United States | 9.79B | 12.59% |
| Argentina | 2.81B | 3.61% |
| Netherlands | 2.41B | 3.10% |
| Singapore | 1.91B | 2.46% |
| Mexico | 1.78B | 2.29% |
| Spain | 1.73B | 2.23% |
| Chile | 1.57B | 2.01% |
| India | 1.44B | 1.85% |
| Germany | 1.32B | 1.70% |
Get Complete Brazil Export Destination Countries Profile
Brazil - Key Destination Country Trading Product Pattern
- Mainland China (29.43%): A major importer of Brazilian soybeans, iron ore, and crude oil, driven by its vast manufacturing base and resource needs.
- United States (12.59%): Buys Brazilian crude oil, aircraft, and machinery, reflecting strong industrial and energy demand.
- Argentina (3.61%): Imports Brazilian vehicles, machinery, and electronics, supporting its agricultural and consumer sectors.
- Netherlands (3.10%): Serves as a key European gateway for Brazilian soy, coffee, and animal feed, often for wider EU distribution.
- Singapore (2.46%): Purchases Brazilian oil, minerals, and food products, leveraging its role as a global trade and refining hub.
- Mexico (2.29%): Buys Brazilian iron and steel, motor vehicles, and chemicals to supply its industrial and auto sectors.
Frequently Asked Questions
Which countries are the top destinations for Brazil's exports in 2024 Q1?
The top 3 destinations are Mainland China ($22.87B), the United States ($9.79B), and Argentina ($2.81B).
What is the dominant export market for Brazil?
Mainland China is the primary buyer, accounting for 29.43% ($22.87B) of Brazil's total exports in Q1 2024.
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.
Brazil Top 10 Export Destination Countries in 2024 Q2
In Q2 2024, China remains Brazil's top export destination with 32.15% share, as yTrade data reveals moderate reliance on top 3 markets while maintaining global reach beyond Latin America.
