Brazil's Trade Statisctics/Results and Top Trading Partners in 2010

As one of the four emerging markets comprising the B-R-I-Cs (i.e., Brazil, Russia, Indian and China), Brazil’s trade growth has been unprecedented, and in 2010, its success continued. According to Brazil's Ministry of Development, Industry & Commerce, Brazil's exports increased nearly 32% from 2009 (US$153 billion) to 2010 (US$202 billion), and its imports increased by a whopping 42% during that period from US$127 billion to US$181 billion.

In 2009, for the first time, China became the largest importer of Brazilian products, replacing the United States. This gap increased in 2010, as exports to China increased by over 46% (to US$31 billion) from during that period (comprising 15.2% of Brazil's total exports). Meanwhile exports to the United States increased by nearly 23%, comprising 9.5% of Brazil's total exports. The remaining countries rounding up the top five export markets in 2010 were Argentina, Holland and Germany, comprising 9.1%, 5.0% and 4.0% of Brazil's total exports, respectively.

Brazil has a very strong industrial base. It exports not only natural resources and agricultural products, but also industrial and commercial products. At the top of the list are natural resources (like iron ore)) and agricultural products (like soy beans, coffee and sugar). However, moving down the list, their manufactured products include vehicle parts, airplanes, petrochemical products and ethanol. While China and the United States mainly imported natural resources, Argentina’s top import was automobiles.

Meanwhile, in regards to imports, in 2010, both the United States and China again are the top two countries that export to Brazil. The United States is the top country (comprising 14.9% of Brazil's imports) and China came in a close second place (comprising 14.0%). Rounding up the top five countries are Argentina, Germany and South Korea (replacing Japan as number 5), comprising 7.9 %, 6.9% and 4.6% of Brazil's total imports, respectively. Imported products include passenger cars, medicines, vehicle parts, potassium chloride, engines and machines.

A Brazilian-based online directory to find Brazilian companies for business-to-business trade is B2Brazil.com. The service is free to use in order to access, learn about and directly contact Brazilian companies in all industries. Users do not have to register to use the site, just browse, search and contact. B2Brazil.com is the source for trade with Brazil for importers and exporters alike.