The dollar amount for products exported from Brazil reflects a 61.1% increase compared to $209.2 billion five years earlier in 2020.
Year over year, the overall value of Brazilian exports flatlined via a -0.8% slowdown from $339.7 billion in 2023.
Brazilian exports represent roughly 1.4% of the world’s overall exported products for 2023 valued at $23.652 trillion.
More than half (50.6%) of the revenue that Brazil collected for exports sold during 2024 came from a diverse subset of 5 trading partners namely mainland China, United States of America, Argentina, Netherlands and Spain.
Applying a continental lens, 49.3% of Brazil exports by value was delivered to Asian countries while 16.7% was sold to buyers in Europe. Brazil shipped another 16.3% worth of goods to importers in North America.
Smaller percentages went to customers located in Latin America excluding Mexico but including the Caribbean (12.7%), Africa (4.7%) then Oceania (0.3%) led by Australia, Marshall Islands and New Zealand.
Brazil’s Top 25 Trading Partners
Below is a list showcasing 25 of Brazil’s top trading partners in terms of export sales, countries that imported the most Brazilian shipments by dollar value during 2024. Also shown is each import country’s percentage of total Brazilian exports.
- mainland China: US$94.4 billion (28% of total Brazilian exports)
- United States: $40.6 billion (12%)
- Argentina: $13.8 billion (4.1%)
- Netherlands: $11.8 billion (3.5%)
- Spain: $9.9 billion (2.9%)
- Singapore: $7.9 billion (2.3%)
- Mexico: $7.8 billion (2.3%)
- Chile: $6.7 billion (2%)
- Canada: $6.3 billion (1.9%)
- Germany: $5.9 billion (1.7%)
- Japan: $5.6 billion (1.7%)
- South Korea: $5.51 billion (1.6%)
- India: $5.3 billion (1.6%)
- United Arab Emirates: $4.54 billion (1.3%)
- Italy: $4.47 billion (1.3%)
- Indonesia: $4.47 billion (1.3%)
- Malaysia: $4.32 billion (1.3%)
- Vietnam: $4.05 billion (1.2%)
- Egypt: $4 billion (1.2%)
- Belgium: $3.92 billion (1.2%)
- Türkiye: $3.86 billion (1.1%)
- Paraguay: $3.75 billion (1.1%)
- Thailand: $3.45 billion (1%)
- Portugal: $3.41 billion (1%)
- Colombia: $3.2 billion (1%)
Nearly four-fifths (79.8%) of Brazilian exports in 2024 was delivered to the above 25 trade partners.
Posting the strongest increases buying products shipped from Brazil were customers in Egypt (up 72.7% from 2023), United Arab Emirates (up 43.5%), Spain (up 26.4%), Türkiye (up 14.1%) and Belgium (also up 14.1%).
Leading the decliners were importers in Argentina (down 17.6%), Chile (down -16.2%), Japan (down -15.7%), Colombia (down -15.4%) and mainland China (down -9.5%).
Countries Causing Brazil’s Worst Trade Deficits
As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.
It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.
In 2024, Brazil incurred the highest trade deficits with the following countries.
- Russia: -US$9.5 billion (country-specific trade deficit in 2024)
- Germany: -$7.9 billion
- France: -$3.2 billion
- Italy: -$1.9 billion
- Switzerland: -$1.8 billion
- India: -$1.6 billion
- Sweden: -$1.5 billion
- Austria: -$1.3 billion
- Denmark: -$1.14 billion
- Ireland: -$1.05 billion
Among Brazil’s trading partners that cause the greatest negative trade balances, Brazilian deficits with Denmark (up 59.4%), Ireland (up 44.8%) and Switzerland (up 28.3%) grew at the fastest pace from 2023 to 2024.
These cashflow deficiencies clearly indicate Brazil’s competitive disadvantages with the above countries, but also represent key opportunities for Brazil to develop country-specific strategies to strengthen its overall position in international trade.
Countries Generating Brazil’s Best Trade Surpluses
Brazil earned an overall US$74.6 billion trade surplus for 2024 shrinking by -24.6% from its $98.9 billion positive trade balance one year earlier in 2023.
Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.
In 2024, Brazil generated the highest trade surpluses with the following countries.
- mainland China: US$30.8 billion (country-specific trade surplus in 2024)
- Netherlands: $9.5 billion
- Singapore: $7.1 billion
- Spain: $6 billion
- United Arab Emirates: $3.7 billion
- Canada: $3.5 billion
- Egypt: $3.1 billion
- Iran: $3 billion
- Malaysia: $2.8 billion
- Indonesia: $2.6 billion
Among Brazil’s trading partners that generate the greatest positive trade balances, Brazilian surpluses with United Arab Emirates (up 86.4%), Egypt (up 67.4%) and Spain (up 54%) grew at the fastest pace from 2023 to 2024.
These positive cashflow streams clearly indicate Brazil’s competitive advantages with the above countries, but also represent key opportunities for Brazil to develop country-specific strategies to optimize its overall position in international trade.
Companies Servicing Brazilian Trading Partners
Twenty-five Brazilian corporations rank among Forbes Global 2000. Below is a sample of the major Brazilian companies that Forbes included:
- Braskem (specialized chemicals)
- BRF-Brasil Foods (food processing)
- Cosan (food processing)
- CSN (iron, steel)
- Embraer (aerospace)
- Itaúsa (industrials conglomerate)
- JBS (food processing)
- Metalurgica Gerdau (iron, steel)
- Petrobras (oil, gas)
- Vale (iron, steel)
- WEG (electrical equipment)
According to IMPORTERS.com listings for Brazilian suppliers, the following are examples of companies that ship products from Brazil to its trading partners around the globe. Shown within parenthesis are products that the Brazilian business provides.
- Alfa International (manganese ore)
- Almeida Junior Com Intl Ltda (pig iron)
- CSS Exports & Imports (beer)
- Dwd Export Ltda (slippers, flip-flops)
- Eric Phones Store (mobile phones)
- Industrias Colin SA (polyester, cotton, fiberglass)
- JS Electronics (computers, digital cameras)
- Kalam Diamond (raw diamonds)
- Kesco Ltda (rice, chicken, beef)
- MMS 2000 Import & Export Ltda (cane sugar, soyabeans)
See also Brazil’s Top 10 Major Export Companies, Brazil’s Top 10 Imports, Brazil’s Top 10 Exports and Top Brazilian Trade Balances
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on March 30, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 30, 2025
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 30, 2025
International Trade Centre, Trade Map. Accessed on March 30, 2025
Investopedia, Net Exports Definition. Accessed on March 30, 2025
Wikipedia, Brazil. Accessed on March 30, 2025
Wikipedia, Gross domestic product. Accessed on March 30, 2025
Wikipedia, List of Companies of Brazil. Accessed on March 30, 2025
Wikipedia, Purchasing power parity. Accessed on March 30, 2025