Top Brazil Exports 2023 Q4: Commodity Dominance

Brazil Export Portfolio Overview in 2023 Q4

• Mineral fuels and ores dominate, accounting for nearly 30% of total exports.
• High concentration risk: Top 3 commodity sectors represent 38.5% of exports.
• Structure confirms Brazil's role as a global supplier of raw materials and agricultural staples.

Table: Brazil Top Export Product in 2023 Q4 (Source: yTrade)

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Key Driver: Mineral Fuels, Mineral Oils and Products

• HS 2709 (Petroleum Oils) drives 78% of sector value at $11.96B.
• Pure raw material export with minimal downstream processing.
• Reflects Brazil's deepwater pre-salt reserves and extraction infrastructure advantage.

Table: HS Code 27 Detailed Breakdown

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Key Driver: Ores, Slag and Ash

• HS 2601 (Iron Ores) constitutes 87.4% of sector value at $8.83B.
• Complements energy exports as another raw material pillar.
• Strategic importance: Positions Brazil as critical supplier to global steel industry.

Table: HS Code 26 Detailed Breakdown

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Key Driver: Oil Seeds and Oleaginous Fruits

• HS 1201 (Soybeans) represents 97.5% of sector value at $7.64B.
• Stable legacy export with value-chain expansion potential.
• Underpins Brazil's status as agricultural powerhouse and food security provider.

Table: HS Code 12 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest export commodity in 2023 Q4?

The largest export category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $15.30B. This sector is primarily driven by exports of Crude petroleum oils (HS 2709), which alone accounted for $11.96B (78.16%) of the total.

Which specific Mineral fuels products does Brazil export most in 2023 Q4?

Within the Mineral fuels sector, the top exports are Crude petroleum oils (HS 2709, $11.96B) and Petroleum oils (excluding crude, HS 2710, $3.13B), which together account for 98.64% of the industry's total exports.

Does Brazil export Ores, slag and ash in 2023 Q4?

Yes. Ores, slag and ash (HS 26) is Brazil’s second-largest export sector, valued at $10.11B. The primary driver is Iron ores and concentrates (HS 2601), which contributed $8.83B (87.40%) of the total.

What are the main industries driving Brazil's economy?

Brazil’s economy is heavily reliant on its top 3 export sectors:

1. Mineral fuels (HS 27, $15.30B, 17.72%)
2. Ores, slag and ash (HS 26, $10.11B, 11.71%)
3. Oil seeds (HS 12, $7.83B, 9.07%).
   These industries account for 38.5% of total exports, indicating a concentrated reliance on raw materials.

How to find Brazil Mineral fuels suppliers?

You can access a list of active suppliers and exporters for Mineral fuels (HS 27) using the yTrade database, which provides detailed shipment records and company contacts for verified Brazilian exporters.