Top Brazil Imports 2024 Q1: Industrial & Energy Focus

Brazil Import Portfolio Overview in 2024 Q1

• Machinery and mechanical appliances (HS 84) lead at $9.67B (15.56%), followed by mineral fuels and oils (HS 27) at $9.00B (14.48%).
• Moderate concentration risk: top two sectors account for 30% of imports, reflecting balanced industrial and energy needs.
• Imports align with Brazil’s role as an agro-industrial economy: machinery supports farming and processing, while fuels power transport and industry.

Table: Brazil Top Import Product in 2024 Q1 (Source: yTrade)

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Import Key Driver: Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

• Dominated by turbojets and gas turbines (HS 8411) at $1.76B (18.19% of sector).
• Product type: capital goods and components, indicating investment in energy and industrial infrastructure.
• Insight: Brazil relies on imported high-value machinery to sustain its agro-industrial base and expand energy capacity, lacking full domestic expertise in advanced turbine production.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

• Led by petroleum oils (HS 2710) at $4.27B (47.37% of sector).
• Acts as a complement to machinery imports, supplying energy for industrial operations and transportation.
• Strategic importance: essential for economic stability, exposing vulnerability to global oil price shifts despite domestic pre-salt reserves.

Table: HS Code 27 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

• Top product: electronic integrated circuits (HS 8542) at $1.53B (19.87% of sector).
• Role: stable legacy import, critical for manufacturing, automation, and consumer electronics assembly.
• Brazil depends on these components to modernize industry and infrastructure, highlighting gaps in local semiconductor production.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest import commodity in 2024 Q1?

The largest import category is Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS 84), valued at $9.67B. This sector is primarily driven by imports of turbojets, turbopropellers, and other gas turbines (HS 8411), accounting for $1.76B (18.19%).

Which specific nuclear reactor and machinery products does Brazil import most in 2024 Q1?

Within the HS 84 sector, the top imports are:

1. Turbojets, turbopropellers, and other gas turbines (HS 8411) at $1.76B.
2. Transmission shafts, cranks, and bearing housings (HS 8483) at $517.80M.
3. Taps, cocks, valves, and similar appliances (HS 8481) at $481.82M.

Does Brazil import mineral fuels and oils in 2024 Q1?

Yes, Mineral fuels, mineral oils, and related products (HS 27) is the second-largest import sector, valued at $9.00B. The primary driver is petroleum oils (HS 2710), contributing $4.27B (47.37%).

What are the main industries driving Brazil's economy?

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

1. HS 84 (Machinery): $9.67B (15.56%).
2. HS 27 (Mineral Fuels): $9.00B (14.48%).
3. HS 85 (Electrical Machinery): $7.71B (12.40%).

How to find Brazil nuclear reactor and machinery buyers?

You can access a list of active overseas buyers and importers for HS 84 (Machinery) using the yTrade database, which provides detailed shipment records and company contacts.