Brazil Top 10 Export Destination Countries in 2024 Q2
Brazil Top Export Destinations and Market Reach in 2024 Q2
- Dominant Market: Mainland China accounts for 32.15% ($28.69B) of Brazil’s exports, solidifying its role as the primary key trading partner and end-market buyer—not a transshipment hub.
- Market Dependence: Top 3 partners (China, US, Spain) absorb 46.71% of exports, indicating moderate concentration risk. Brazil export destinations show diversification beyond a single dominant buyer.
- Global Reach: Exports skew toward distant economies (China, US, EU) rather than regional neighbors. Only Argentina (3.43%) and Chile (2.06%) rank in the top 10.
Table: Brazil Top Destination Countries in 2024 Q2 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Mainland China | 28.69B | 32.15% |
| United States | 9.64B | 10.80% |
| Spain | 3.36B | 3.76% |
| Netherlands | 3.20B | 3.58% |
| Argentina | 3.06B | 3.43% |
| Mexico | 2.15B | 2.41% |
| Singapore | 2.08B | 2.33% |
| Chile | 1.84B | 2.06% |
| Canada | 1.48B | 1.66% |
| Germany | 1.46B | 1.63% |
Get Complete Brazil Export Destination Countries Profile
Brazil - Key Destination Country Trading Product Pattern
- Mainland China (32.15%): A dominant importer of Brazilian commodities, primarily soybeans, iron ore, and crude oil, fueling its vast manufacturing sector and food security needs.
- United States (10.80%): Imports a wide range of Brazilian goods, including crude oil, aircraft, and iron and steel, supporting its energy and industrial production.
- Spain (3.76%): A key European market for Brazilian products like soybeans, coffee, and meat, serving both its domestic consumption and re-export activities.
- Netherlands (3.58%): Acts as a major European logistics and distribution hub, importing Brazilian goods such as soybeans, orange juice, and ores for onward shipment across the continent.
- Argentina (3.43%): A significant regional trade partner, importing Brazilian manufactured goods, vehicles, and machinery to supplement its own industrial base.
- Mexico (2.41%): Buys Brazilian products including motor vehicles, machinery, and iron and steel to support its expanding automotive and manufacturing industries.
Frequently Asked Questions
Which countries are the top destinations for Brazil's exports in 2024 Q2?
The top 3 destinations are Mainland China ($28.69B), the United States ($9.64B), and Spain ($3.36B).
What is the dominant export market for Brazil?
Mainland China is the primary buyer, accounting for 32.15% of Brazil's total exports in Q2 2024 with $28.69B in trade value.
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.
Brazil Top 10 Export Destination Countries in 2024 Q3
In Q3 2024, China remained Brazil's top export destination (28.22% share), with yTrade data showing moderate concentration risk as top 3 markets absorbed 44.28% of shipments.
