Top Brazil Imports 2024 Q3: Market Insights

Brazil Import Portfolio Overview in 2024 Q3

• Capital and intermediate goods dominate, led by machinery (HS 84, 15.0%) and mineral fuels (HS 27, 13.3%).
• Moderate concentration risk: top three sectors represent 40% of total import value, reflecting balanced industrial and energy needs.
• This structure underscores Brazil’s role as an industrial and agricultural economy dependent on imported equipment, inputs, and energy to sustain production and infrastructure.

Table: Brazil Top Import Product in 2024 Q3 (Source: yTrade)

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

• Turbojets and gas turbines (HS 8411) drive this category, accounting for 19.3% of sector imports.
• These are high-value capital goods, essential for energy generation, aviation, and heavy industry.
• Brazil relies on imported machinery due to limited domestic advanced manufacturing capacity, highlighting its role as an industrial operator dependent on foreign technology for productivity and expansion.

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) dominate, making up 45.0% of the sector.
• This complements machinery imports by supplying energy for industrial operations and transportation, reducing reliance on a single import type.
• Strategic for energy security, as Brazil still imports refined products despite its oil production capacity, indicating gaps in refining and distribution self-sufficiency.

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) lead with 18.2% of sector value.
• These are critical intermediate goods for electronics, automation, and telecommunications.
• Reflects stable, growing demand for technology inputs, supporting Brazil’s digital infrastructure and manufacturing modernization, though dependent on global semiconductor supply chains.

Table: HS Code 85 Detailed Breakdown

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Frequently Asked Questions

What is Brazil's largest import commodity in 2024 Q3?

The largest import category is Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS 84), valued at $11.29B. This sector is primarily driven by imports of Turbojets, turbopropellers, and other gas turbines (HS 8411), which alone account for $2.18B (19.31%).

Which specific Nuclear Reactors and Machinery products does Brazil import most in 2024 Q3?

Within the HS 84 sector, the top imports are:

1. Turbojets, turbopropellers, and other gas turbines (HS 8411) - $2.18B (19.31%)
2. Transmission shafts, cranks, and bearings (HS 8483) - $594.68M (5.27%)
3. Automatic data processing machines (HS 8471) - $574.71M (5.09%)

Does Brazil import Mineral Fuels and Oils in 2024 Q3?

Yes, Mineral fuels, mineral oils, and related products (HS 27) is the second-largest import category, valued at $9.98B. The primary driver is Petroleum oils and oils from bituminous minerals (HS 2710), accounting for $4.49B (44.96%).

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) - $11.29B (14.99%)
2. Mineral Fuels & Oils (HS 27) - $9.98B (13.25%)
3. Electrical Machinery (HS 85) - $8.72B (11.58%)

How to find Brazil Machinery and Mechanical Appliances buyers?

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