Top Brazil Imports 2023: Market Insights

Brazil Import Portfolio Overview in 2023 Whole Year

• Mineral fuels and machinery dominate, with HS27 (15.4%) and HS84 (14.2%) leading imports.
• Concentration risk is moderate: top three sectors account for 41.4% of total import value.
• This reflects Brazil’s heavy reliance on imported energy, industrial inputs, and capital goods to support its resource-led economy and manufacturing base.

Table: Brazil Top Import Product in 2023 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products of Their Distillation

• Dominated by petroleum oils (HS2710, $18.5B, 47.6% of sector), primarily crude and refined.
• Product type: raw and semi-processed materials.
• Brazil’s pre-salt oil production is substantial but insufficient for domestic refining and fuel demand, requiring crude imports and specific fuel blends to balance refinery output and consumption patterns.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances

• Led by turbojets and gas turbines (HS8411, $6.6B, 18.5% of sector), critical for energy and industrial use.
• Acts as a complement to fuel imports: machinery enables energy production, mining, and agribusiness operations.
• Strategically vital for maintaining and expanding Brazil’s infrastructure, from power generation to agricultural processing.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Driven by integrated circuits (HS8542, $4.9B, 16.4% of sector), essential for electronics and industrial automation.
• Represents stable, high-value import demand linked to technology upgrades across sectors.
• Supports modernization in agriculture, manufacturing, and services, though exposes reliance on external tech supply chains.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest import commodity in 2023 Whole Year?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $38.94B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals, crude (HS 2710), which alone accounts for $18.53B (47.59%).

Which specific Mineral fuels products does Brazil import most in 2023 Whole Year?

Within the Mineral fuels sector, the top imports are:

1. Crude petroleum oils (HS 2710) - $18.53B (47.59%)
2. Petroleum oils (excluding crude) (HS 2709) - $9.38B (24.09%)
   Together, these two products make up 71.68% of Brazil's total imports in this category.

Does Brazil import Nuclear reactors, boilers, machinery in 2023 Whole Year?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Brazil’s second-largest import sector, valued at $35.97B. The primary driver is Turbojets, turbopropellers & other gas turbines (HS 8411), accounting for $6.64B (18.45%).

What are the main industries driving Brazil's economy?

Brazil’s import economy is heavily reliant on three key sectors:

1. Mineral fuels (HS 27) - $38.94B (15.41%)
2. Machinery & mechanical appliances (HS 84) - $35.97B (14.23%)
3. Electrical machinery (HS 85) - $29.76B (11.78%)
   These three industries alone account for 41.42% of total imports.

How to find Brazil Mineral fuels buyers?

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

Detailed Quarterly Report

Brazil Top Import Product 2023 Q1Brazil Top Import Product 2023 Q2Brazil Top Import Product 2023 Q3Brazil Top Import Product 2023 Q4