Brazil’s Top 15 Trading Partners

Brazil’s Top Trading Partners

by Flagpictures.org

Brazil shipped US$185.2 billion worth of goods around the globe in 2016, up by 21.1% since 2009 but down by -3.1% from 2015 to 2016. Brazilian exports represents roughly 1.1% of overall global exports for 2015 estimated at $16.236 trillion (as of January 25, 2017).

From a continental perspective, 39.8% of Brazil’s total exports by value in 2016 were delivered to Asian trade partners.

European importers purchased 20.7% of Brazilian shipments while 18.1% worth of products arrived in other Latin American countries (excluding Mexico) and Caribbean nations. Brazilian exports to North American clients totaled 15.9%.

At 4.2%, a smaller portion of Brazilian exports were bought by importers in Africa.

Brazil’s Top 15 Trading Partners

Top 15

Below is a list showcasing 15 of Brazil’s top trading partners in terms of export sales, countries that imported the most Brazilian shipments by dollar value during 2016. Also shown is each import country’s percentage of total Brazilian exports.

  1. China: US$35.1 billion (19% of total Brazilian exports)
  2. United States: $23.3 billion (12.6%)
  3. Argentina: $13.4 billion (7.2%)
  4. Netherlands: $10.3 billion (5.6%)
  5. Germany: $4.9 billion (2.6%)
  6. Japan: $4.6 billion (2.5%)
  7. Chile: $4.1 billion (2.2%)
  8. Mexico: $3.8 billion (2.1%)
  9. Italy: $3.3 billion (1.8%)
  10. Belgium: $3.2 billion (1.7%)
  11. India: $3.2 billion (1.7%)
  12. South Korea: $2.9 billion (1.6%)
  13. United Kingdom: $2.9 billion (1.5%)
  14. Singapore: $2.8 billion (1.5%)
  15. Uruguay: $2.7 billion (1.5%)

Almost two-thirds (65.1%) of Brazilian exports in 2016 were delivered to the above 15 trade partners.

Fastest-growing among Brazil’s top import customers was Singapore via its 117.9% improvement since 2009. Singapore was followed by Uruguay (up 101.7%), China (up 74%), Chile (up 53.6%), United States (up 47.8%) and Mexico (up 42.5%).

Leading declining import purchases from Brazil over the 7-year period was the United Kingdom’s -23% cutback. The other decreases were posted by Germany (down -21.3%) and India (down -7.4%).

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 2016, Brazil incurred the highest trade deficits with the following countries:

  1. Germany: -US$4.3 billion (country-specific trade deficit in 2016)
  2. South Korea: -$2.6 billion
  3. France: -$1.3 billion
  4. Austria: -$962.9 million
  5. United States: -$799 million
  6. Nigeria: -$573.8 million
  7. Algeria: -$557.6 million
  8. Sweden: -$457.9 million
  9. Czech Republic: -$429.4 million
  10. Belarus: -$420.3 million

Among Brazil’s trading partners that cause the greatest negative trade balances, Brazilian deficits with France (up 99.3%), Czech Republic (up 49.4%) and Austria (up 23%) grew at the fastest pace from 2009 to 2016.

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.

Surpluses

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 2016, Brazil incurred the highest trade surpluses with the following countries:

  1. China: US$11.8 billion (country-specific trade surplus in 2016)
  2. Netherlands: $8.5 billion
  3. Argentina: $4.3 billion
  4. Singapore: $2.4 billion
  5. Iran: $2.2 billion
  6. United Arab Emirates: $1.9 billion
  7. Hong Kong: $1.8 billion
  8. Belgium: $1.7 billion
  9. Egypt: $1.7 billion
  10. Uruguay: $1.5 billion

Among Brazil’s trading partners that cause the greatest positive trade balances, Brazilian surpluses with Uruguay (up 1,119%), Singapore (up 275.9%) and Argentina (up 188.1%) grew at the fastest pace from 2009 to 2016.

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

Companies Servicing Brazilian Trading Partners

Twenty-five Brazilian corporations rank among Forbes Global 2000 for 2015. Below is a sample of the major Brazilian companies that Forbes included:

  • Petrobras (oil, gas)
  • Vale (iron, steel)
  • JBS (food processing)
  • BRF-Brasil Foods (food processing)
  • Itaúsa (industrials conglomerate)
  • Braskem (specialized chemicals)
  • Metalurgica Gerdau (iron, steel)
  • CSN (iron, steel)
  • Cosan (food processing)
  • Embraer (aerospace)
  • 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 Imports, Highest Value Brazilian Import Products and Top Brazilian Trade Balances

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on January 26, 2017

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on January 26, 2017

Trade Map, International Trade Centre. Accessed on January 26, 2017

Investopedia, Net Exports Definition. Accessed on April 18, 2016

Wikipedia, List of Companies of Brazil. Accessed on April 18, 2016

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 18, 2016

IMPORTERS.com The Online Market for G20 Importers, Brazil Import Export Directory. Accessed on November 11, 2015