Top Brazil Imports 2023 Q1: Market Insight

Brazil Import Portfolio Overview in 2023 Q1

• Dominated by capital and intermediate goods: mineral fuels (16.4%, $10.4B) and machinery/equipment (13.9%, $8.9B).
• Moderate concentration risk: top 3 sectors account for 42% of imports, reflecting diversified industrial and agricultural demand.
• Structure confirms Brazil’s role as a resource and commodity exporter reliant on imported energy, industrial inputs, and technology.

Table: Brazil Top Import Product in 2023 Q1 (Source: yTrade)

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

• Driven by petroleum oils (HS 2710, $5.2B, 49.8% of sector), primarily crude and refined imports.
• Product type: raw material and intermediate energy input.
• High import volume reflects limited domestic refining capacity and strong energy demand from transport, industry, and agribusiness.

Table: HS Code 27 Detailed Breakdown

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

• Top product: turbojets and gas turbines (HS 8411, $1.6B, 17.6% of sector).
• Acts as a complement to fuel imports: machinery enables energy, mining, and processing operations.
• Strategically critical for maintaining and expanding Brazil’s export-oriented infrastructure and industrial base.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment

• Led by integrated circuits (HS 8542, $1.3B, 17.4% of sector), a key electronic component.
• Role: supports manufacturing automation, telecommunications, and value-added exports.
• Indicates growing dependency on high-tech intermediates as Brazil upgrades industrial and digital capacity.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest import commodity in 2023 Q1?

The largest import category is Mineral fuels, mineral oils, and products of their distillation (HS 27), valued at $10.41B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals, crude (HS 2710), which alone accounts for $5.18B (49.81%).

Which specific Mineral fuels products does Brazil import most in 2023 Q1?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils, crude (HS 2710) - $5.18B (49.81%)
2. Petroleum oils, not crude (HS 2709) - $2.55B (24.46%)
3. Coal; briquettes, ovoids, etc. (HS 2701) - $1.15B (11.02%)

Does Brazil import Nuclear reactors and machinery in 2023 Q1?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $8.86B. The primary driver is Turbojets, turbopropellers, and other gas turbines (HS 8411), accounting for $1.56B (17.60%).

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) - $10.41B (16.37%)
2. Machinery & mechanical appliances (HS 84) - $8.86B (13.94%)
3. Electrical machinery (HS 85) - $7.52B (11.83%)

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.