Although Brazilian exports in the last five years have slowed down, the main indexes indicate that one of the worst crises has already left its apex. According to the Ministry for Industry and Foreign Trade, Brazilian exports reached US$ 132,391 billion up to September 2016, which, along with USD 97,654 in imports, summed up to a positive figure of USD 34,737.
The Asian market is still the main destination of Brazilian products, growing 13% when compared to 2015, representing almost one fourth (23%) of all our exports. On the other hand, there’s been a decline in Brazilian exports towards North America, Europe and the Mercosur. Currently the country’s biggest importers are China, the US and Argentina.
Main products exported by Brazil
Let’s see which products have contributed to Brazilian exports in 2016. Soybeans represent the largest share of exports, reaching 11% of global sales, where China remains as main buyer.
The sale of basic products leverages the figures, thanks to the trade of oil and ores and their concentrates, representing 8.7% of exports. Poultry is also among the main exported products, representing 7% of sales. Beef is also represented, with nearly 5% of sales.
Manufactured products (machinery and motors), while being among the most trade products, represent 5.9% of exports, and vehicles score a 5% share. Semi-manufactured products like sugar and cellulose reach only 4% of exports in spite of the importance of these sectors. Coffee, tea and spices represent 3.2% of Brazilian
Main exporter companies
From this scenario we can analyze the main exported companies in the country. Among them we have Petrobrás, Vale and JBS. Although Vale posted a 45% decrease in exports, and Petrobrás also dipped by 35%, both still occupy the post of greatest Brazilian exporters.
Companys in the mineral and food processing sectors harbor the biggest exporters, such as Brasil Foods, Metalúrgica Gerdau, CSN and Cosan. Embraer is also among the highest foreign sellers, and one of the exceptions in showing growing sales. Itaúsa, Braskem and WEG complete the list.
What to expect of Brazilian exports?
Exports through 2016 have shown significant increase in daily sales, posting a 4.5% growth in the first half of the year. Even though still declining, when compared to previous years, there is an optimist expectation that the figures may recover, focusing in products with aggregated value for the international buyer.
The country is well regarded thanks to the commercial agreements that may favor international transactions. Exchange rates may also help in the financial strengthening of the country as it brings new exporters into play. Finally, agricultural products should be highlighted as they may leverage the country, mainly due to soybeans that have remained as a top-ranking exported product.
What is your perspective for the incoming months? Take part in the discussion leaving your comment. Sign up for our newsletter in order to receive exclusive content on Brazilian exports.