Brazilian foreign trade scenario registers growth in 2021
Those who are following the current scenario of Brazilian foreign trade know that there are many business opportunities, especially for imports.
And we affirm this through our extensive experience in international logistics. After all, our team of specialists operates in markets in many countries. So, we can see that Brazil has excelled year by year.
We have created this content with those of you who want to carry out foreign trade operations with Brazilian businesses in mind.
Here we list everything you need to know to update yourself on this promising moment to import from Brazil.
Check out the most relevant market data, products, inputs and raw materials, and seize the opportunities of Brazilian foreign trade in 2021!
20 Brazilian products that boosted foreign trade in 2020
Brazilian foreign trade was already showing good results at the end of 2020. Even during the challenging scenario we are in, impacted by the coronavirus pandemic, good results were recorded for imports and exports.
In our blog, we have the tradition of listing the most exported products from Brazil for the year. In 2020, the list was led by:
Mainly through the movement of these products, Brazil recorded the following results:
- USD 31.21 billion recorded with the flow of foreign trade in February 2021, with an 8.2% increase in the daily average, compared to the same month last year;
- Exports grew 3.9% and totaled USD 16.18 billion;
- On the import side, there was an increase of 13.4%, totaling USD 15.03 billion;
- The trade balance recorded a surplus of USD 1.15 billion;
- In addition, exports were driven by an increase in sales of 3.5% in the Manufacturing Industry and 13.8% in the Mining Industry;
- And Brazilian commodities such as oil, sugar, coffee and meat recorded export records in 2020, in addition to a 13% growth in soybean exports.
Who is importing from Brazil and why?
Today, according to an analysis shared by Banco Santander, Brazil is among the 25 largest exporters and importers in the world. It is also the largest economy in Latin America, in addition to the ninth in the world list. This proves the economic potential to conduct good negotiations.
“While Brazilian exports were able to remain relatively stable due to the pandemic, driven mainly by a higher demand for agricultural products from Asian countries and the real devalued, the unprecedented drop in the volume of imports – with the main reduction observed in fuels and lubricants – was a result of the reduction in domestic demand amid the economic crisis caused by the pandemic,” notes Santander’s assessment.
It is important to consider that currently the main partners of Brazilian foreign trade are the markets of China, the United States, the Netherlands, Germany, Argentina, Japan, Mercosur and the European Union.
And the country continues to make changes to gain more competitiveness and space in foreign trade. One of the strategies adopted was to reduce documentary compliance time for export and import, as is also observed by Santander.
Import trends from Brazil in 2021
As can be concluded from the list we presented at the beginning of the content, agribusiness is still the sector of greatest interest to those who import from Brazil.
One of the most relevant commodities in the segment is soybean. Brazil is the second largest product in the world, registering an average productivity of 3,362 kg per hectare.
The importance of agribusiness is such that this is the main pillar of foreign trade between Brazil and China.
Proof of this was the statement of Chinese ambassador Yang Wanming released by The Rio Times, in which he reinforced the broad interest of Chinese companies to invest in technologies and infrastructure in this sector in Brazil so that the country continues to meet the demands of Asian imports.
In addition, there is a strong trend towards strengthening foreign trade in the energy sector. The Chinese are also very active in negotiations on wind and solar energy, as observed by the portal Dialogo Chino.
To top it off, imports focusing on the Brazilian beauty and hygiene industry have also stood out in recent months. The segment registered its first surplus in 10 years.
The result was a reflection of the high commercialization of toiletries, perfumes and cosmetics, and was driven by the devaluation of the real against the dollar, as published by Premium Beauty News.
We can help you import from Brazil with great efficiency!
Even amid the challenges and economic impacts generated by the pandemic, Brazilian foreign trade continues in growth.
And you can take advantage of this promising landscape in your business. Therefore, it is important to rely on a logistics partner that guarantees the confidence necessary for its import.
This is what our team has to offer for your operations! Our experts are on hand to help you conduct the best negotiations with Brazilians, as we do in 186 countries where we operate.
And our complete solutions meet your import with agility, security and high performance. It is worth remembering that we are active members of the network of independent agents WCA, PPL, PCN and SFN.
So, request a freight quote without commitment and learn more about how our work can contribute to your import.