Top Brazil Exports 2024: Commodity Dominance
Brazil Export Portfolio Overview in 2024 Whole Year
- Dominated by commodities: Mineral fuels (16.96%, $57.16B) and oil seeds (13.00%, $43.83B) lead exports.
- High concentration risk: Top three sectors (fuels, oil seeds, ores) represent over 40% of total export value.
- Reinforces Brazil’s role as a global supplier of raw materials, heavily exposed to commodity price cycles and external demand shifts.
Table: Brazil Top Export Product in 2024 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 27 | Mineral fuels, mineral oils and products of their distill... | 57.16B | 16.96% |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, se... | 43.83B | 13.00% |
| 26 | Ores, slag and ash | 35.04B | 10.40% |
| 02 | Meat and edible meat offal | 24.55B | 7.28% |
| 17 | Sugars and sugar confectionery | 18.84B | 5.59% |
| 84 | Nuclear reactors, boilers, machinery and mechanical appli... | 12.98B | 3.85% |
| 72 | Iron and steel | 11.92B | 3.54% |
| 87 | Vehicles other than railway or tramway rolling-stock, and... | 11.89B | 3.53% |
| 09 | Coffee, tea, maté and spices | 11.85B | 3.52% |
| 23 | Residues and waste from the food industries; prepared ani... | 10.70B | 3.17% |
Get Complete Brazil Export HS Code Breakdown
Key Driver: Mineral Fuels, Mineral Oils and Products
- Driven by crude petroleum oils (HS 2709), accounting for 78.46% of the sector’s value.
- Product type: Raw material, exported largely unrefined.
- Reflects Brazil’s deepwater oil reserves and competitive extraction capacity, though value addition remains limited downstream.
Table: HS Code 27 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 2709 | 44.84B | 78.46% |
| 2710 | 11.69B | 20.46% |
| 2713 | 348.52M | 0.61% |
| 2716 | 192.71M | 0.34% |
| 2707 | 37.80M | 0.07% |
| 2706 | 19.19M | 0.03% |
| 2712 | 8.75M | 0.02% |
| 2715 | 4.90M | 0.01% |
| 2711 | 4.85M | 0.01% |
| 2703 | 1.10M | 0.00% |
Get Complete Brazil Export HS Code Breakdown
Key Driver: Oil Seeds and Oleaginous Fruits
- Dominated by soybeans (HS 1201), representing 97.98% of the sector.
- Acts as a complement to fuels, diversifying but still anchoring the economy in bulk agriculture.
- Strategic for global food supply chains, leveraging Brazil’s vast arable land and scalable farming.
Table: HS Code 12 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 1201 | 42.94B | 97.98% |
| 1207 | 374.22M | 0.85% |
| 1202 | 359.96M | 0.82% |
| 1209 | 93.50M | 0.21% |
| 1205 | 30.30M | 0.07% |
| 1211 | 19.05M | 0.04% |
| 1212 | 5.01M | 0.01% |
| 1208 | 4.41M | 0.01% |
| 1213 | 667.36K | 0.00% |
| 1214 | 171.09K | 0.00% |
Get Complete Brazil Export HS Code Breakdown
Key Driver: Ores, Slag and Ash
- Iron ores and concentrates (HS 2601) lead with 85.17% of the sector.
- Stable legacy export, tied to global steel production and infrastructure demand.
- Underlines Brazil’s resource wealth but highlights persistent dependency on low-value extractive exports.
Table: HS Code 26 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 2601 | 29.85B | 85.17% |
| 2603 | 4.16B | 11.87% |
| 2616 | 337.04M | 0.96% |
| 2604 | 231.57M | 0.66% |
| 2606 | 231.08M | 0.66% |
| 2602 | 84.94M | 0.24% |
| 2607 | 64.12M | 0.18% |
| 2615 | 32.72M | 0.09% |
| 2608 | 25.15M | 0.07% |
| 2614 | 10.16M | 0.03% |
Access Brazil Complete Export Profile
Frequently Asked Questions
What is Brazil's largest export commodity in 2024 Whole Year?
The largest export category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $57.16B. This sector is primarily driven by exports of Crude oil (HS 2709), which alone accounts for 78.46% of the sector's total value.
Which specific Mineral fuels products does Brazil export most in 2024 Whole Year?
Within the Mineral fuels sector, the top exports are Crude oil (HS 2709, $44.84B) and Petroleum oils (HS 2710, $11.69B), which together make up 98.92% of the industry's total exports.
Does Brazil export Oil seeds and oleaginous fruits in 2024 Whole Year?
Yes, Oil seeds and oleaginous fruits (HS 12) is Brazil's second-largest export sector, valued at $43.83B. The primary product is Soybeans (HS 1201), contributing 97.98% of the sector's total exports.
What are the main industries driving Brazil's economy?
Brazil's economy is heavily reliant on its top three exports:
- Mineral fuels (HS 27, $57.16B)
- Oil seeds (HS 12, $43.83B)
- Ores (HS 26, $35.04B)
These three sectors alone account for 40.36% of Brazil's total exports, indicating a concentrated export structure.
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.
Detailed Quarterly Report
Brazil Top Export Product 2024 Q1Brazil Top Export Product 2024 Q2Brazil Top Export Product 2024 Q3Brazil Top Export Product 2024 Q4
Top Brazil Exports 2023 Q4: Commodity Dominance
Brazil's top export product in Q4 2023 was dominated by mineral fuels and ores, accounting for nearly 30% of total exports. Discover the key drivers and top export destinations with yTrade.
Top Brazil Exports 2024 Q1: Commodity Dominance
Brazil's top export product in 2024 Q1 was dominated by mineral fuels and oil seeds, reflecting reliance on raw materials. Discover key trends and top export destinations with yTrade.
