Latest Brazilian trade and export information (2022 edition)

Brazil is the largest nation in South America and the seventh most populous in the world (approximately 215 million people). It is also one of the leading emerging nations known as BRICs, which are expected to experience remarkable economic growth.

The Brazilian Ministry of Economy announced its trade balance (international balance of payments basis) for 2021 (full year) in January 2022. According to the announcement, Brazil's exports in 2021 increased 34.2% year-on-year to $280.815 billion, and imports increased 38.2% to $219.48 billion, resulting in a trade surplus of $61.47 billion. This was the largest surplus since statistics began being collected in 1989. It can be said that there are signs that the country is emerging from the impact of the spread of COVID-19.

Brazil's main trade items

Now, let's take a look at Brazil's specific trade situation. What comes to mind when you think of Brazil? We will introduce the situation by exports and imports, based on the 2021 Brazilian Ministry of Economy, Trade and Industry.

export

Brazil's main exports are iron ore, soybeans, crude oil, sugar, etc. As you can see from the fact that iron ore and crude oil are the main exports, Brazil is also a resource-rich country. In addition, Brazil was the number one producer of soybeans in the country in 2019, making it one of Brazil's major exports.

Import

Brazil's main import items are petroleum products, auto parts, medical related products (vaccines, etc.), petroleum gas, etc. In particular, intermediate goods such as auto parts have expanded significantly.
One possible reason for this is that the lifting of restrictions on economic activity that were imposed as a measure to prevent the spread of COVID-19 has led to the resumption of economic activity, which has led to increased demand for passenger cars and commercial vehicles, resulting in an increase in production volume.

Brazil's main trading partners

So far we have looked at Brazil's main trade items, but what countries are Brazil's trading partners? Again, let's look at this by exports and imports.

export

Brazil's main export partners include China, the United States, Argentina, the Netherlands, Chile, Singapore, and Japan. Of the total share, China accounts for about 30% of the total, while Japan accounts for only about 20%.

Import

Brazil's main import partners include China, the United States, Argentina, Germany, India, Russia, etc. China accounts for about 20% of the total share, but Japan is not in the top seven countries, and its share is about 0.2%, the same as for exports.

Japan-Brazil Trade

What is the current state of trade between Japan and Brazil?

The 23rd Japan-Brazil Economic Joint Committee was held in October 2022. At this meeting, the two countries once again discussed strengthening trade relations and initiatives in areas such as the environment.
This is a meeting that has been held many times, and despite its geographical distance, Brazil has had exchanges with Japan for a long time, so it can be said to be one of Japan's important countries.

Now let's take a look at the specific trade amounts and trade items.

Japan-Brazil trade volume

The trade volume between Japan and Brazil in fiscal year 2021 is as follows. Japan's exports were approximately 4.5968 trillion yen. Meanwhile, imports from Brazil were approximately 10.8496 trillion yen.

Main trade items

Japan's exports to Brazil include automobile parts and accessories, nucleic acids and their salts, parts for reciprocating, rotary or diesel engines, automatic adjustment equipment, and piston-type spark-ignition internal combustion engines (reciprocating and rotary engines only).

Japan's imports from Brazil include iron and steel, meat and edible offal of poultry, corn, ethyl and denatured alcohol, and coffee.

If you want to start trading with Brazil, use DigiTrad

This time, we brought you the basics of Brazilian trade and exports.

STANDAGE uses its own trade cloud service to provide "Digitrad", a service that can "completely" handle trade for small and medium-sized enterprises. "Digitrad" allows you to develop overseas sales channels at low cost thanks to the application of IT introduction subsidies. We can also handle small-scale, low-value trade and domestic purchases that cannot be done by large trading companies, so please feel free to contact us.

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