Uzbekistan - Brazil Trade 2023 Whole Year: Deficit & Dependency

Key Market Takeaways: Uzbekistan - Brazil Trade

The bilateral trade relationship between Uzbekistan and Brazil is marked by explosive growth in Uzbek exports but remains heavily skewed toward Brazilian imports in 2023.

• Deficit-Driven Trade: Uzbekistan ran a $649.54M trade deficit with Brazil, as imports ($653.52M) dwarfed exports ($3.98M)—despite Uzbek export growth hitting quadruple-digit YoY spikes.
• Resource-for-Food Exchange: Uzbekistan - Brazil trade statistics reveal a lopsided agricultural complementarity: Uzbek exports (fruits, cotton) are raw, while Brazilian imports (sugar, processed foods) dominate higher-value chains.
• Asymmetric Dependency: Brazil holds strategic leverage as Uzbekistan’s critical food supplier, with no rebalancing in sight.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Uzbekistan-Brazil Trade Trend in Whole Year 2023

Uzbekistan Export Performance: Shipments to Brazil

• Total Volume: Exports to Brazil totaled 3.98M in 2023.
• Growth Trend & Context:
  • Explosive YoY growth dominated, with peaks like 1875.75% (Feb) and 1538.46% (Dec). Base effects likely at play given low prior-year volumes.
  • No specific trade news to contextualize the surge.
• Key Volatility:
  • November (1.23M, +95.66% MoM) was the peak month, while July (-43.21% MoM) and December (-75.64% MoM) saw sharp contractions.

Uzbekistan Import Performance: Sourcing from Brazil

• Total Volume: Imports from Brazil reached 653.52M in 2023.
• Growth Trend & Context:
  • YoY swings were erratic, from +138.87% (May) to -44.89% (Oct), suggesting volatile demand or supply chain adjustments.
• Key Volatility:
  • July (81.73M, +246.03% MoM) spiked, while June (23.62M, -69.5% MoM) and October (33.14M, -37.57% MoM) were troughs.

Uzbekistan - Brazil Trade Balance & Market Dynamics

• Net Position: Trade deficit of 649.54M (Imports dwarfed exports).
• Relationship Status: Uzbekistan is heavily dependent on Brazilian imports, with exports remaining negligible in comparison. No evidence of rebalancing in 2023.

Uzbekistan Import Trend from Brazil 2023 Whole Year (Source: yTrade)**

Uzbekistan Export Trend to Brazil 2023 Whole Year (Source: yTrade)**

Get Historical Uzbekistan Brazil Trade Records

Uzbekistan-Brazil Top Trading Products in Whole Year 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to Brazil

• Top Commodity: Rank #1 export is HS Code 08 (Edible fruit and nuts) with 48.94% share.
• Demand Driver: Brazil likely imports these for consumer market needs, given the agricultural nature of the top exports.
• Concentration: Trade is highly concentrated, with the top two categories (HS 08 and 52) making up 81.92% of total exports.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Brazil

• Top Commodity: Rank #1 import is HS Code 17 (Sugars and sugar confectionery) with 60.00% share.
• Dependency Nature: Reflects a food security dependency, as the top imports are dominated by agricultural products.

Uzbekistan - Brazil Trade Relationship Dynamics

• The Exchange Model: Resource-for-Food Complementarity—Uzbekistan exports raw agricultural goods (fruits, cotton) while importing processed food products (sugar, meat).
• Value Chain Position: Brazil holds the higher value-add position, exporting processed goods (sugar, machinery parts) versus Uzbekistan’s raw material exports.

Import Analysis by Product: Brazil to Uzbekistan (Source: yTrade)

Export Analysis by Product: Uzbekistan to Brazil (Source: yTrade)

Check Detailed Uzbekistan-Brazil Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Uzbekistan-Brazil trade relationship in 2024 is likely to remain asymmetrical, with Uzbekistan’s heavy reliance on Brazilian imports persisting. Given the explosive but volatile growth in Uzbek exports to Brazil—primarily in raw agricultural goods—traders should anticipate short-term fluctuations rather than sustained rebalancing. Meanwhile, Brazil’s dominance in processed food exports (e.g., sugar) will continue to drive the trade deficit unless Uzbekistan diversifies its import sources or scales value-added exports. The Uzbekistan-Brazil trade forecast suggests cautious optimism for export growth, but structural dependency risks remain.

Strategic Moves

• Diversify Import Sources: Uzbekistan must reduce reliance on Brazilian sugar (HS 17) by exploring alternative suppliers in Southeast Asia or Africa to mitigate price volatility and supply chain disruptions.
• Upgrade Export Composition: Uzbek exporters should shift from raw fruit/nuts (HS 08) to processed agricultural goods (e.g., dried fruits, juices) to capture higher margins and reduce dependency on low-value commodities.
• Lock in Long-Term Contracts: Brazilian sugar importers in Uzbekistan should secure fixed-price agreements to hedge against global commodity swings, given the erratic YoY import trends observed in 2023.

Frequently Asked Questions

How did Uzbekistan - Brazil trade perform in 2023 Whole Year?

Uzbekistan exported 3.98M to Brazil, with explosive YoY growth, while imports from Brazil reached 653.52M, resulting in a trade deficit of 649.54M.

What are the top exports from Uzbekistan to Brazil?

The top exports are HS Code 08 (Edible fruit and nuts) with a 48.94% share and HS Code 52 (Cotton).

What does Uzbekistan import from Brazil?

The top import is HS Code 17 (Sugars and sugar confectionery) with a 60.00% share.

What is the trade balance between Uzbekistan and Brazil?

Uzbekistan recorded a trade deficit of 649.54M with Brazil, as imports significantly outweighed exports.