Top Brazil Imports 2023 Q3: Industrial Insights

Brazil Import Portfolio Overview in 2023 Q3

• Imports dominated by capital and intermediate goods: machinery (HS 84, 14.4%), electrical equipment (HS 85, 11.9%), and mineral fuels (HS 27, 14.4%).
• Concentration risk is moderate: top three sectors account for 40.8% of total imports, reflecting balanced industrial and energy needs.
• Structure aligns with Brazil’s role as an agro-industrial economy: heavy machinery and inputs support agribusiness and manufacturing, while fuel imports hedge domestic production gaps.

Table: Brazil Top Import Product in 2023 Q3 (Source: yTrade)

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Import Key Driver: Mineral Fuels, Mineral Oils and Products of Their Distillation; Bituminous Substances; Mineral Waxes

• Dominant product: petroleum oils (HS 2710, 49.4% of sector, $4.56B).
• Product type: raw material and refined intermediate goods for energy and transport.
• Insight: reliance on imported crude and refined oils underscores Brazil’s mixed energy matrix—despite pre-salt reserves, refining capacity and logistics constraints necessitate imports to meet domestic demand.

Table: HS Code 27 Detailed Breakdown

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

• Leading product: turbojets and gas turbines (HS 8411, 18.0% of sector, $1.65B).
• Acts as a complement to fuel imports: machinery enables energy generation, agriculture, and industrial processing.
• Strategic importance: essential for maintaining and expanding Brazil’s agro-industrial and infrastructure base, reducing operational downtime.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Electrical Machinery and Equipment and Parts Thereof; Sound Recorders and Reproducers, Television Image and Sound Recorders and Reproducers, and Parts and Accessories of Such Articles

• Key product: integrated circuits (HS 8542, 15.8% of sector, $1.20B).
• Role: emerging growth sector driven by digitalization needs in agtech, finance, and industry.
• Stable demand for components like telephones (HS 8517) and semiconductors reflects Brazil’s ongoing technological modernization despite low domestic electronics production.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest import commodity in 2023 Q3?

The largest import category is Mineral fuels, mineral oils and products of their distillation (HS 27), valued at $9.23B. This sector is primarily driven by imports of Petroleum oils and oils obtained from bituminous minerals, crude (HS 2709), which accounted for $2.33B (25.23%).

Which specific Mineral fuels products does Brazil import most in 2023 Q3?

Within the Mineral fuels sector, the top imports are:

1. Petroleum oils and oils obtained from bituminous minerals, crude (HS 2709) - $2.33B (25.23%)
2. Petroleum oils and oils obtained from bituminous minerals, not crude (HS 2710) - $4.56B (49.39%)
   Together, these two products dominate 74.62% of the sector's imports.

Does Brazil import Nuclear reactors, boilers, and machinery in 2023 Q3?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is Brazil’s second-largest import sector, valued at $9.20B. The primary driver is Turbojets, turbopropellers, and other gas turbines (HS 8411), contributing $1.65B (17.97%).

What are the main industries driving Brazil's economy?

The top 3 import industries in Q3 2023 are:

1. Mineral fuels (HS 27) - $9.23B (14.44%)
2. Nuclear reactors & machinery (HS 84) - $9.20B (14.39%)
3. Electrical machinery (HS 85) - $7.62B (11.92%)
   Brazil’s import economy is moderately diversified, with the top 3 sectors accounting for 40.75% 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.