Uzbekistan - Brazil Trade 2024 Q3: Deficit & Growth
Key Market Takeaways: Uzbekistan - Brazil Trade
The bilateral trade relationship between Uzbekistan and Brazil is marked by explosive export growth but steep import declines in Q3 2024.
- Deficit-Driven Trade: Uzbekistan runs a $151.81M trade deficit with Brazil, as imports ($156.00M) dwarf exports ($4.19M)—despite Uzbek exports surging 1386% YoY.
- Resource-for-Food Exchange: Uzbekistan - Brazil trade statistics reveal a raw-materials-for-processed-goods dynamic: cotton (39% of exports) flows to Brazil, while sugar (84% of imports) dominates inbound shipments.
- Nascent Complementarity: The partnership shows potential with high-growth Uzbek exports, but Brazil’s dominance in value-added goods underscores an imbalanced dependency.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Uzbekistan-Brazil Trade Trend in Q3 2024
Uzbekistan Export Performance: Shipments to Brazil
- Total Volume: $4.19M in Q3 2024.
- Growth Trend & Context:
- Explosive YoY growth (1386.97% in July, 373.95% in August, 442.13% in September), though volumes remain low.
- No specific trade news to explain the surge.
- Key Volatility: September saw an 83.01% MoM spike, while August dropped 40.69%.
Uzbekistan Import Performance: Sourcing from Brazil
- Total Volume: $156.00M in Q3 2024.
- Growth Trend & Context:
- Steep YoY declines (-26.37% in July, -30.29% in August, -29.29% in September).
- Key Volatility: September imports plummeted 35.61% MoM, the lowest monthly value ($37.54M).
Uzbekistan - Brazil Trade Balance & Market Dynamics
- Net Position: Trade Deficit of $151.81M (Imports dwarf exports).
- Relationship Status: Heavy reliance on Brazilian imports, with minimal export traction despite YoY growth.
Uzbekistan Import Trend from Brazil 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 60.17M | 3.6% | -26.37% |
| Aug | 58.29M | -3.13% | -30.29% |
| Sep | 37.54M | -35.61% | -29.29% |
| Total | 156.00M | - | - |
Uzbekistan Export Trend to Brazil 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 1.56M | -17.37% | 1386.97% |
| Aug | 926.88K | -40.69% | 373.95% |
| Sep | 1.70M | 83.01% | 442.13% |
| Total | 4.19M | - | - |
Get Historical Uzbekistan Brazil Trade Records
Uzbekistan-Brazil Top Trading Products in Q3 2024
Uzbekistan Export Profile: What Does Uzbekistan Sell to Brazil
- Top Commodity: Rank #1 export is HS 52 (Cotton), accounting for 39.22% of total exports to Brazil.
- Demand Driver: Brazil likely imports Uzbek cotton for textile manufacturing or as a raw material for its apparel industry.
- Concentration: The top 3 exports (HS 52, 31, 08) dominate 93.98% of trade, indicating high reliance on a few commodities.
Uzbekistan Import Profile: What Does Uzbekistan Buy from Brazil
- Top Commodity: Rank #1 import is HS 17 (Sugar and Confectionery), making up 84.47% of imports from Brazil.
- Dependency Nature: This suggests food security dependency, as Uzbekistan relies heavily on Brazilian sugar for domestic consumption or processing.
Uzbekistan - Brazil Trade Relationship Dynamics
- The Exchange Model: Resource-for-Food Complementarity—Uzbekistan exports raw materials (cotton, fertilizers) and imports processed food (sugar).
- Value Chain Position: Brazil holds the higher value-add position with processed goods (HS 17), while Uzbekistan supplies low-value raw materials (HS 52, 31).
Import Analysis by Product: Brazil to Uzbekistan (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 17 | 131.77M | 84.47% |
| 87 | 11.80M | 7.56% |
| 84 | 3.41M | 2.18% |
| 02 | 1.69M | 1.09% |
| 85 | 1.58M | 1.01% |
| 73 | 1.57M | 1.01% |
| 39 | 1.48M | 0.95% |
| 83 | 1.30M | 0.83% |
| 40 | 399.25K | 0.26% |
| 90 | 355.44K | 0.23% |
Export Analysis by Product: Uzbekistan to Brazil (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 52 | 1.64M | 39.22% |
| 31 | 1.46M | 34.97% |
| 08 | 828.58K | 19.79% |
| 85 | 240.54K | 5.75% |
| 40 | 11.28K | 0.27% |
Check Detailed Uzbekistan-Brazil Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Uzbekistan’s trade with Brazil is poised for asymmetric growth in the near term. While Uzbek exports to Brazil show explosive YoY momentum (albeit from a low base), the persistent trade deficit ($151.81M in Q3) and Brazil’s declining imports signal vulnerability. Expect volatility in cotton (HS 52) exports due to erratic monthly swings, while Brazil’s sugar (HS 17) shipments will likely remain dominant but pressured by Uzbekistan’s need to diversify food imports. Without intervention, the resource-for-food imbalance will deepen, leaving Uzbekistan exposed to commodity price shocks.
Strategic Moves
- Diversify Export Basket: Uzbek exporters must reduce reliance on cotton (39.22% of exports) by testing demand for higher-value textiles (e.g., finished garments) or processed fertilizers (HS 31) to capture more value.
- Secure Alternative Sugar Suppliers: Given Brazil’s 84.47% import share, Uzbekistan should negotiate long-term contracts with Thailand or India to mitigate supply chain risks and price volatility.
- Leverage Trade Diplomacy: The Uzbek government should push for preferential tariffs on cotton exports to Brazil while attracting Brazilian agro-processing FDI to upgrade domestic sugar production capacity.
Frequently Asked Questions
How did Uzbekistan - Brazil trade perform in 2024 Q3?
Uzbekistan's exports to Brazil surged YoY (up to 1386.97% in July) but remained low at $4.19M, while imports from Brazil fell sharply (-26.37% YoY) to $156.00M.
What are the top exports from Uzbekistan to Brazil?
The top exports are HS 52 (Cotton, 39.22% share), HS 31 (Fertilizers), and HS 08 (Edible fruits), collectively dominating 93.98% of exports.
What does Uzbekistan import from Brazil?
Uzbekistan primarily imports HS 17 (Sugar and Confectionery, 84.47% share) from Brazil, reflecting a heavy reliance on Brazilian sugar for domestic needs.
What is the trade balance between Uzbekistan and Brazil?
Uzbekistan recorded a trade deficit of $151.81M with Brazil in Q3 2024, driven by significantly higher imports compared to exports.
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