Brazil is a major player and fastest growing economy globally, with a strong import trade and diverse industries. As such, it is no surprise that the country imports a wide range of products from various countries around the world. In year 2023 Brazil ranked 19th largest importer in the world, the total import value is accounted $246 billion in 2023 due to increase in the demand and robust economic growth according to Brazil Import Data. The GDP of Brazil has been increasing steadily and recorded as $2.6 trillion USD in the year 2023
What Are the Top Brazil Import Products in the Year 2023?
According to Brazil Import Data, the top products that are imported by Brazil are listed below-
1. Mineral Fuels and Oils : 38 billion US Dollar This category includes petroleum oils, coal, natural gas, and other fuels used for energy production. Mineral Fuel HS Code - 27
2. Machinery & Mechanical Appliances: 35 billion US dollar This category includes import of all necessary products for industry development and advancement such as nuclear reactors, boilers, machinery and mechanical appliances Machinery HS Code - 84
3. Electrical Machinery and Equipment: 29 billion US dollar It includes all electrical products of latest technology for industry growth such as sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories Electrical Machinery and equipment HS Code: 85
4. Vehicles : 19.3 billion US dollar The automobile industry is prominent in Brazil, with both domestic production and imports playing a significant role. Vehicles comes under HS Code: 87
5. Fertilizers: 16 billion US dollar Fertilizers are another top imported product by Brazilian. It comes under HS Code:31
6. Organic Chemicals: 14 billion US dollar This includes all types of chemical which is used by pharmaceutical, agricultural and manufacturing industries. Organic Chemical HS Code :29
7. Pharmaceutical: 11.2 billion US dollar With an increasing aging population in the Brazil there are always high demand of pharmaceutical products. Pharmaceutical Medicines HS Code 30
8. Plastic and Plastic Articles: 9.73 billion US dollar Plastics have become necessity globally due to their versatility and affordability; hence their high demand by Brazilian industries Plastic and Plastic Articles HS CODE 39
9. Optical & Medical Equipment: 7.69 billion US dollar With advancements in technology and increasing healthcare needs, optical and medical equipment have become essential commodities for Brazil. Medical Equipment HS CODE : 90
10. Articles of Iron & Steel: 7 billion US dollar This category includes items such as pipes, tubes, and tools made from iron and steel. Iron and Steel HS Code – 72
FREQUENTLY ASKED QUESTIONS
Que. What information contains in Brazil Import Data? Ans. Brazil Import data contains Brazil Importers company name, Foreign Suppliers, Price, Quantity, weight, HS Code, product description etc.
Que. What are the top importing products of Brazil in 2023? Ans. Mineral Fuel and oil are the top importing products of Brazil in 2023
Que. Who is the leading trading partner of Brazil? Ans. China is the leading trading partner of Brazil?
Que. What is the GDP of Brazil in 2023? Ans. Brazil GDP in 2023 was $2.6 trillion USD