Imports of Brazil in 2017 – Brazil Import Data of 5 Largest Products

16 March 2018

Brazil’s economy is the largest in Latin America and the world’s eighth largest in the world. It has a mixed economy with abundant natural resources. After rapid growth in preceding decades, Brazil has been reeling under recession since 2014. Brazil enjoyed trade surplus of USD 66989 million in 2017. In fact, since 2015, the country has been recording higher exports than imports. This article focuses on import market of Brazil with listing of top 5 import products.

Brazil Import Outlook in Last 5 Years

According to Export Genius report on Brazil imports, the country has been recording a steady decline in import value of total products since 2013 due to the fact that it exports items more with abundant resources. If we see Brazil import statistics of last 5 years, from over USD 200 billion in year 2013 and 2014, import value of total products declined to over USD 150 billion in 2017.  

Top 5 Import Products of Brazil at 2-digit Level HS Code – Mineral Fuels & Oils Most Imported Product

Among total products, Brazil imported mineral fuels & oils the most at 2-digit level HS Code in 2017. Import data of Brazil shows that products under Chapter 27 shared 14.3% value to Brazil’s total imports. Here is the list of 5 Brazil major imports at 2-digit level HS Code with their trade values recorded in year 2017.

Detailed Analysis of Brazil’s Largest Import Items

Mineral fuels & oils stood as the largest import product of Brazil at 2-digit level HS Code in 2017. Under this chapter, the country imported gas oils the most at tariff level the most in the said year. Let’s have a detailed-wise analysis of top 5 Brazil import products from Brazil import data recorded in 2017.

Mineral Fuels & Oils

Brazil imports mineral fuels and oils worth USD 21551 million in 2017. Brazil trade data shows that the products under HS Code 27 shared 14.3% value to country’s total imports. It imported goods of mineral fuels and oils worth USD 7844 million highest from the United States of America in the said year.

Electrical Machinery & Equipment

Electrical machinery & equipment was the 2^nd largest import product of Brazil at 2-digit level HS Code in 2017. The country imported electrical machinery and equipment worth USD 20725 million in this year and maximum from China valued USD 8859 million. 

 Machinery, Mechanical Appliances, Nuclear Reactors, Boilers, etc.

As per Export Genius report on Brazil top imports prepared from Brazil customs data, the country also imports machinery, mechanical appliances, nuclear reactors, boilers, etc. The country imported products of Chapter 84 worth USD 17404 million in 2017. China supplied machinery and other products of Chapter 84 valued USD 4210 million to Brazil in 2017.

Vehicles Other Than Railway or Tramway

Vehicles Other Than Railway or Tramway positioned at Brazil’s 4^th largest import product in 2017. Chapter 87 products amounted to USD 11235 million and these were maximum imported from Argentina worth USD 3729 million in the given year.

Organic Chemicals

Organic chemicals stood at the 5^th largest import product of Brazil in 2017, which amounted to USD 8436 million. Among Brazil main trading partners of Chapter 29 goods, the country imported organic chemicals maximum from China, which valued at USD 2211 million.

5 Largest Import Partners of Brazil

Brazil’s largest import partner of total products was China in 2017, which shared 18.1% value to total imports to Brazil in 2017. It was followed by the United States of America, Argentina, Germany and Republic of Korea. Look at the trade values of Brazil top trading partners in terms of imports for having better analysis.

So, if you want to buy our complete report on Brazil main imports with specific requirements, you can go through our Brazil import sample given right below to know which data fields we cover in import data of Brazil.

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