Brazil Import Data

Brazil Import Data

Brazil is one of the largest economies in the world and its import trade plays a significant role in its economic growth. As per recent projections, Brazil's import ranking is expected to continue on an upward trend in 2023. Currently ranked as the 19th largest importer globally, Brazil's imports are estimated to reach $246 billion by 2023. This will be mainly driven by increasing consumer demand and robust economic growth.

Moving on to demographics, Brazil's total population is projected to reach approximately 216 million by 2023. This steady rise in population can be attributed to various factors such as improved healthcare facilities and decreasing mortality rates. Brazil currently stands at number nine globally with a GDP of $1.8 trillion USD. By 2023, it is predicted that their GDP will reach $2.6 trillion USD. This remarkable growth can be attributed to the country's diversified economy which includes industries such as agriculture, manufacturing, and services.

Brazil's main imports consist of machinery and equipment, chemical products, oil and gas products, electronics and electrical equipment, automotive parts and components, pharmaceuticals, plastics and rubber products among others. The country heavily relies on imported goods for its domestic production needs and infrastructure development.

Brazil engages in trade with several countries around the world. Some of its major trading partners include China, which is currently its largest import partner followed by the United States of America (USA), Argentina, Germany and South Korea. These countries account for over half of Brazil's total imports.

Furthermore, due to its geographic proximity within Latin America region combined with tariff-free agreements such as Mercosur (South American Common Market) nations including Paraguay, Uruguay and Bolivia, have also become significant import partners for Brazil.

Brazil's economy is highly dependent on imports, with the country importing more than it exports. This trend is expected to continue in 2023 as the country continues to rely on imported goods for its domestic production needs and development plans.

Moreover, with an expected increase in consumer demand due to a growing middle class population and rising disposable incomes, Brazil's import activity is set to remain high in 2023. The country will also continue to seek out new trade partnerships and diversify its imports to further strengthen its position in the global market.

Brazil Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 15.4% (38 billion US dollar) HS CODE: 27 - Mineral fuels, mineral oils, and distillation products; bituminous substances; mineral waxes
  • 14.2% (35 billion US dollar) HS CODE: 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 11.7% (29 billion US dollar) HS CODE : 85 - Electrical machinery and equipment, sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories thereof
  • 7.65% (19.3 billion US dollar) HS CODE: 87 - Other than railway or tramway rolling stock, and parts and accessories
  • 6.33% (16 billion US dollar) HS CODE :31 - Fertilizers
  • 5.54% (14 billion US dollar) HS CODE :29 - Organic chemicals
  • 4.44% (11.2 billion US dollar) HS CODE 30 - comes from the pharmaceutical industry
  • 3.85% (9.73 billion US dollar) HS CODE 39 - Plastics and articles thereof
  • 3.04% (7.69 billion US dollar) HS CODE : 90 - Optical, photographic, cinematographic, measuring, checking, precision, and medical or surgical instruments and apparatus; parts and accessories
  • 2.89% (7.31 billion US dollar) HS CODE 38 - Miscellaneous chemical products

Brazil Import Global Trade Data Shows Top 10
Trading Partners
of Brazil

  • A share of 22% (55 billion US dollar), China dominates
  • A share of 15.9% (40 billion US dollar) was held by the USA
  • A share of 5.39% (13.6 billion US dollar) was held by Germany
  • A share of 4.91% (12.4 billion US dollar) belongs to Argentina
  • A share of 4.4% (11.1 billion US dollar) is held by Russia
  • A share of 2.84% (7.18 billion US dollar) was held by India
  • A share of 2.41% (6.09 billion US dollar) was held by Italy
  • A share of 2.28% (5.77 billion US dollar) belongs to Mexico
  • Japan with a share of 2.3% (3.7 billion US$)
  • A share of 2.13% (5.39 billion US dollar), Japan dominated the market

Brazil Import Data Sample

ACHIEVING SUCCESS IN INTERNATIONAL TRADE: HOW IMPORT GLOBALS' BRAZIL IMPORT DATA CAN DRIVE YOUR BUSINESS FORWARD

Import Globals Brazil Import Data is a comprehensive database that provides valuable insights into the imports taking place in Brazil. This data is based on custom shipping bill and bill of lading documents, which are essential documents required for any international trade transaction. The import data collected by Import Globals is accurate and reliable as it comes directly from the Brazilian Customs authority.

One of the key elements of Brazil import data is the HS Code. HS Code, also known as Harmonized System code, is a globally recognized classification system used to identify and categorize goods being traded internationally. Each product has a unique HS code assigned to it, which helps in identifying its origin, composition, and other relevant information. With Import Globals Brazil Import Data, businesses can easily track the products being imported into Brazil using their respective HS codes.

In addition to the HS code, this import data also contains detailed product descriptions. These descriptions provide information about the type of product being imported, its specifications, and other relevant details such as weight, quantity, value, etc. Having access to these detailed product descriptions can be immensely beneficial for businesses looking to understand their competitors' imports or identify potential suppliers.

The Brazil import data provided by Import Globals covers a wide range of industries and products imported into Brazil. From machinery and electronics to food items and consumer goods – everything is included in this database. Businesses can use this information to gain a better understanding of market trends and demand for specific products in Brazil.

Moreover, with Import Globals' advanced search filters and tools, users can customize their search based on specific criteria such as country of origin or destination port. This feature allows businesses to narrow down their search results and get more targeted insights.
One of the key pieces of information included in our Brazil import data is the consignee name. This refers to the individual or company who is receiving the imported goods. Knowing the consignee name can help businesses identify potential partners or competitors, as well as track trends in demand for specific products.

The consigner name is another important detail provided in our import data. This refers to the individual or company who shipped the goods from their origin country. By knowing this information, businesses can assess which countries are top exporters to Brazil and potentially establish new trade relationships with them.

In addition to names, Brazil import data also includes addresses for both the consignee and consigner. Having this level of detail allows businesses to gain a better understanding of where imports are coming from and where they are being distributed within Brazil. This knowledge can be especially useful for logistics planning and identifying potential distribution channels.

Import Globals, Brazil Customs Data also specifies the port of loading and unloading for each shipment. This provides crucial information about shipping routes and transportation methods used by different companies. It can also help businesses determine which ports are most commonly used for specific types of products, allowing them to optimize their supply chain strategies accordingly.

But that's not all – Import Globals goes above and beyond by also including destination country and origin country details in our import data for Brazil. This adds an extra layer of insight by revealing where imported goods originated from, as well as where they will ultimately end up within Brazil.

Having access to such comprehensive information allows businesses to make informed decisions when it comes to importing into Brazil. With Import Globals' reliable and detailed import data at your fingertips, you can stay ahead of the competition and tap into new opportunities in this dynamic market.

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