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  • What are Brazil's biggest exports in 2024?
  • Brazil’s 8 biggest exports by value in 2024 were crude oil, soya beans, iron ores and concentrates, sugar, processed petroleum oils, coffee, frozen beef and non-dissolving chemical woodpulp. Collectively, that leading subset of Brazilian products represents over half (53.2%) of Brazil’s exports during 2024.
  • Does Brazil export oil seeds?
  • Brazil has highly positive net exports in the international trade of oil seeds. In turn, these cashflows indicate Brazil’s strong competitive advantages under the oil seeds product category. Below are exports from Brazil that result in negative net exports or product trade balance deficits.
  • What happened to Brazilian exports in 2023?
  • Year over year, the overall value of Brazilian exports flatlined via a -0.8% slowdown from $339.7 billion in 2023. Based on the average exchange rate for 2024, the Brazilian real depreciated by -6.8% against the US dollar from 2023 to 2024.
  • Does Brazil rely on international markets for exports in 2024?
  • That 7.2% for exports to overall GDP in PPP for 2024 compares to 8.3% for 2023. Those percentages suggest a relatively decreasing reliance on products sold on international markets for Brazil’s total economic performance, albeit based on a short timeframe.
  • What are Brazil's Top 10 export products?
  • Brazil’s top 10 export product categories exceeded two-thirds (70.8%) of the overall value of total Brazilian shipments. Coffee, tea and spices was the fastest grower among the top 10 export categories, up by 52.3% from 2022 to 2023. In second place for improving export sales was sugar including sugar confectionery which was up by 17.9%.
  • Why does Brazil have negative net exports?
  • These negative net exports reveal product categories where foreign spending on home country Brazil’s goods trail Brazilian importer spending on foreign products. Brazil has highly negative net exports and therefore deep international trade deficits for machinery and assembled electronic equipment.