Brazil Top 10 Export Destination Countries in 2024 Q3
Brazil Top Export Destinations and Market Reach in 2024 Q3
- Dominant Market: Mainland China accounts for 28.22% ($24.84B) of Brazil’s exports, solidifying its role as the primary consumption market—not a transshipment hub.
- Market Dependence: Top 3 partners (China, US, Argentina) absorb 44.28% of exports, indicating moderate concentration risk. The US (11.76%, $10.35B) and Argentina (4.30%, $3.79B) trail distantly.
- Geographic Spread: Brazil export destinations skew global, with only one top-10 partner (Argentina) in Latin America. Key Asian (China, Singapore, South Korea) and European (Netherlands, Spain) markets dominate.
- Diversification: The next 7 partners (Netherlands to South Korea) hold 16.62% combined, reflecting stable but secondary demand. No single region dominates beyond China’s outsized share.
Table: Brazil Top Destination Countries in 2024 Q3 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Mainland China | 24.84B | 28.22% |
| United States | 10.35B | 11.76% |
| Argentina | 3.79B | 4.30% |
| Netherlands | 3.01B | 3.42% |
| Spain | 2.48B | 2.81% |
| Singapore | 2.09B | 2.37% |
| Mexico | 1.84B | 2.10% |
| Chile | 1.74B | 1.98% |
| Canada | 1.71B | 1.95% |
| South Korea | 1.66B | 1.89% |
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Brazil - Key Destination Country Trading Product Pattern
- Mainland China (28.22%): China's massive industrial base and consumer market drive heavy imports of Brazilian soybeans, iron ore, and crude oil to fuel its manufacturing and food security needs.
- United States (11.76%): The U.S. imports Brazilian crude oil, aircraft, and machinery parts, reflecting its diverse industrial demand and supply chain integration with key South American partners.
- Argentina (4.30%): Argentina relies on Brazilian vehicles, machinery, and electronics to support its automotive and agricultural sectors, highlighting regional trade complementarity.
- Netherlands (3.42%): As a European trade hub, the Netherlands redistributes Brazilian goods like coffee, beef, and soy across the continent, serving as a critical gateway to EU markets.
- Spain (2.81%): Spain sources Brazilian pork, fuels, and raw materials for its food processing and energy industries, leveraging historical trade ties and port infrastructure.
- Singapore (2.37%): Singapore’s role as a global logistics center supports imports of Brazilian oil, minerals, and food products for transshipment and regional consumption in Asia.
Frequently Asked Questions
Which countries are the top destinations for Brazil's exports in 2024 Q3?
Mainland China ($24.84B), the United States ($10.35B), and Argentina ($3.79B) are Brazil's top export destinations in Q3 2024.
What is the dominant export market for Brazil?
Mainland China is Brazil's dominant export market, accounting for 28.22% ($24.84B) of total exports in Q3 2024.
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.
Brazil Top 10 Export Destination Countries in 2024 Q4
Brazil's top export destinations in 2024 Q4 show China dominating with $18B (21.94% share), while yTrade data reveals balanced reliance across US, Argentina, and global markets.
