Uzbekistan - Brazil Trade 2023 Q1: Explosive Growth, Heavy Deficit

Key Market Takeaways: Uzbekistan - Brazil Trade

The bilateral trade relationship between Uzbekistan and Brazil is marked by explosive export growth and heavy import reliance in Q1 2023.

• Deficit-Driven Trade: Uzbekistan runs a $174.66M trade deficit with Brazil, with imports ($175.21M) dwarfing exports ($547.70K)—a 320x imbalance.
• Resource-for-Food Exchange: Uzbekistan - Brazil trade statistics show a raw-for-processed dynamic: 88% of Uzbek exports are edible fruits/nuts (HS 08), while 59% of imports are Brazilian sugar (HS 17).
• Nascent but High-Growth Potential: Uzbek exports to Brazil surged up to 1,875% YoY, signaling untapped demand, but the partnership remains lopsided with Brazil dominating value chains.

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

Uzbekistan-Brazil Trade Trend in Q1 2023

Uzbekistan Export Performance: Shipments to Brazil

• Total Volume: $547.70K in Q1 2023.
• Growth Trend & Context:
  • Explosive YoY growth across all months (416.88% to 1,875.75%), indicating a surge in demand or new export channels.
  • February saw the highest YoY jump (1,875.75%), likely due to base effects or one-off shipments.
• Key Volatility: January’s MoM spike (+428.71%) suggests a sharp rebound or seasonal ramp-up.

Uzbekistan Import Performance: Sourcing from Brazil

• Total Volume: $175.21M in Q1 2023.
• Growth Trend & Context:
  • Mixed YoY trends: February surged (+112.98%), while March moderated (+38.29%).
  • January’s 70.41% YoY rise points to sustained import demand, though no news explains the volatility.
• Key Volatility: February’s -27.07% MoM drop contrasts with its YoY surge, hinting at irregular shipments.

Uzbekistan - Brazil Trade Balance & Market Dynamics

• Net Position: Trade deficit of $174.66M (Imports dwarf exports by 320x).
• Relationship Status: Heavy reliance on Brazilian imports, with exports still nascent but growing rapidly from a tiny base.

Uzbekistan Import Trend from Brazil 2023 Q1 (Source: yTrade)**

Uzbekistan Export Trend to Brazil 2023 Q1 (Source: yTrade)**

Get Historical Uzbekistan Brazil Trade Records

Uzbekistan-Brazil Top Trading Products in Q1 2023

Uzbekistan Export Profile: What Does Uzbekistan Sell to Brazil

• Top Commodity: Rank #1 Export is HS Code 08 (Edible fruit and nuts) with 87.75% share.
• Demand Driver: Brazil likely imports these for consumer market consumption, given the agricultural nature of the product.
• Concentration: Trade is highly concentrated, with a single category (HS Code 08) dominating at nearly 88%.

Uzbekistan Import Profile: What Does Uzbekistan Buy from Brazil

• Top Commodity: Rank #1 Import is HS Code 17 (Sugars and sugar confectionery) with 59.28% share.
• Dependency Nature: Reflects a food security dependency, as Brazil is a major global sugar producer.

Uzbekistan - Brazil Trade Relationship Dynamics

• The Exchange Model: Resource-for-Food Complementarity. Uzbekistan exports agricultural products (fruit/nuts) and imports processed food (sugar) from Brazil.
• Value Chain Position: Brazil holds a higher value-add position, exporting processed goods (sugar, vehicles) while Uzbekistan supplies raw agricultural output.

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 is poised for asymmetric growth in 2023. Uzbekistan’s exports to Brazil, though starting from a low base, show explosive potential—particularly in agricultural goods (HS Code 08). However, the $174.66M trade deficit will persist unless Uzbekistan diversifies its export basket beyond raw commodities. Brazil’s sugar exports (HS Code 17) will remain dominant, but volatility in monthly shipments signals supply chain inefficiencies. Traders should anticipate tighter margins in sugar imports and seek alternative suppliers to mitigate price swings.

Strategic Moves

• Expand Export Basket: Uzbek agribusinesses must target Brazil’s consumer markets with higher-value processed fruit products (e.g., dried fruits, juices) to reduce reliance on raw commodity sales.
• Diversify Sugar Sources: Importers should secure contracts with alternative sugar producers (India, Thailand) to counter Brazil’s pricing power and shipment irregularities.
• Leverage Logistics Partnerships: Given February’s erratic MoM import drop, Uzbek traders must collaborate with Brazilian logistics firms to stabilize shipping schedules and reduce lead times.

Frequently Asked Questions

How did Uzbekistan - Brazil trade perform in 2023 Q1?

Uzbekistan's exports to Brazil surged by 416.88% YoY to $547.70K, while imports from Brazil totaled $175.21M, resulting in a trade deficit of $174.66M.

What are the top exports from Uzbekistan to Brazil?

Edible fruit and nuts (HS Code 08) dominated Uzbekistan's exports to Brazil, accounting for 87.75% of total shipments.

What does Uzbekistan import from Brazil?

Sugars and sugar confectionery (HS Code 17) were the top imports, making up 59.28% of Uzbekistan's purchases from Brazil.

What is the trade balance between Uzbekistan and Brazil?

Uzbekistan recorded a significant trade deficit of $174.66M with Brazil, as imports outweighed exports by 320x.