Top Brazil Imports 2024 Q2: Industrial & Energy Needs

Brazil Import Portfolio Overview in 2024 Q2

• Machinery and mechanical appliances (HS 84, 15.0%, $10.4B) and mineral fuels (HS 27, 14.1%, $9.8B) dominate imports.
• Concentration risk is moderate: top two sectors comprise 29.1% of total imports, reflecting Brazil’s heavy reliance on industrial inputs and energy.
• This structure underscores Brazil’s role as an industrial and agricultural producer dependent on imported capital goods and fuel to sustain output.

Table: Brazil Top Import Product in 2024 Q2 (Source: yTrade)

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

• Turbojets and turbopropellers (HS 8411, $2.15B, 20.7% of sector) lead this category.
• These are high-value finished and intermediate goods, critical for aviation, energy, and heavy industry.
• Brazil’s large industrial and agribase sectors drive demand for advanced machinery, as domestic production cannot meet technological or scale requirements.

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

• Petroleum oils (HS 2710, $4.20B, 42.9% of sector) are the primary import.
• This complements machinery imports: fuel powers industrial operations and transportation networks essential for economic activity.
• Strategic importance is high due to Brazil’s mixed energy matrix; despite domestic oil production, refining gaps and regional disparities necessitate sustained imports.

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

• Integrated circuits (HS 8542, $1.48B, 19.1% of sector) are the largest component.
• These are intermediate goods vital for electronics, automotive, and industrial automation—sectors where Brazil is expanding capacity.
• Role is growth-oriented: reflects increasing technological integration in Brazilian industry and consumer markets, though from a relatively low base.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest import commodity in 2024 Q2?

The largest import category is Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS 84), valued at $10.42B. This sector is primarily driven by imports of Turbo-jets, turbo-propellers, and other gas turbines (HS 8411), which alone account for $2.15B (20.65%).

Which specific nuclear reactor and machinery products does Brazil import most in 2024 Q2?

Within the HS 84 sector, the top imports are:

1. Turbo-jets, turbo-propellers, and other gas turbines (HS 8411) at $2.15B (20.65%).
2. Transmission shafts, cranks, and bearings (HS 8483) at $533.80M (5.12%).
3. Valves for pipes, boilers, and similar uses (HS 8481) at $463.38M (4.45%).

Does Brazil import mineral fuels and oils in 2024 Q2?

Yes, Mineral fuels, mineral oils, and related products (HS 27) are Brazil’s second-largest import sector, valued at $9.79B. The primary driver is Petroleum oils and oils from bituminous minerals (HS 2710), which alone contribute $4.20B (42.88%).

What are the main industries driving Brazil's economy?

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

1. Machinery & mechanical appliances (HS 84) at $10.42B (14.98%).
2. Mineral fuels & oils (HS 27) at $9.79B (14.06%).
3. Electrical machinery (HS 85) at $7.75B (11.15%).

How to find Brazil nuclear reactor and machinery buyers?

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