Brazil maintained a robust trade surplus with Spain in 2024, reaching US$ 5.99 billion. Total exports amounted to US$ 9.97 billion, significantly outpacing imports of US$ 3.98 billion. This positive balance reflects Brazil's strong export performance in key commodities.
Brazil's export basket to Spain is heavily concentrated in energy and agricultural products. Crude oil (SH4 2709) was the dominant export, followed by soybeans (SH4 1201) and soy-based animal feed (SH4 2304). This highlights Brazil's role as a major supplier of raw materials to the Spanish market. Browse the SH4 chapters below to drill into a specific commodity.
| # | SH4 | Description | FOB | Weight | Avg. price |
|---|---|---|---|---|---|
| 1 | Crude oil from petroleum and bituminous minerals |
| US$ 1.24 B |
| 2.56 Mt |
| US$ 0.484/kg |
| 2 | 1201 | Soya beans, whether or not broken | US$ 944.2 M | 2.26 Mt | US$ 0.418/kg |
| 3 | 2603 | Copper ores and concentrates | US$ 244.6 M | 72.1 kt | US$ 3.395/kg |
| 4 | 2304 | Soybean oilcake and other solid residue, wh/not ground | US$ 184.5 M | 506.5 kt | US$ 0.364/kg |
| 5 | 0901 | Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion | US$ 171.8 M | 27.5 kt | US$ 6.245/kg |
| 6 | 7207 | Semi-finished products of iron or non-alloy steel | US$ 108.2 M | 220.0 kt | US$ 0.492/kg |
| 7 | 4703 | Chemical wood pulp, soda or sulphate, other than dissolving grades | US$ 57.4 M | 108.2 kt | US$ 0.531/kg |
| 8 | 0207 | Meat and edible offal, of the poultry of heading No 0105, fresh, chilled or frozen | US$ 50.3 M | 20.8 kt | US$ 2.418/kg |
| 9 | 2710 | Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con | US$ 49.9 M | 46.3 kt | US$ 1.077/kg |
| 10 | 8411 | Turbo-jets, turbo-propellers and other gas turbines | US$ 42.9 M | 2 t | US$ 22,384.830/kg |
| 11 | 0804 | Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens, fresh or dried | US$ 40.3 M | 31.9 kt | US$ 1.265/kg |
| 12 | 0807 | Melons (including watermelons) and papaws (papayas), fresh | US$ 32.9 M | 40.3 kt | US$ 0.817/kg |
| 13 | 0201 | Meat of bovine animals, fresh or chilled | US$ 24.7 M | 2.6 kt | US$ 9.434/kg |
| 14 | 8001 | Unwrought tin | US$ 24.3 M | 510 t | US$ 47.695/kg |
| 15 | 8807 | Parts of apparatus of heading 88.01, 88.02 or 88.06 | US$ 22.0 M | 41 t | US$ 531.650/kg |
| # | SH4 | Description | FOB | Weight | Avg. price |
|---|---|---|---|---|---|
| 1 | 3004 | Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings | US$ 182.7 M | 1.5 kt | US$ 120.931/kg |
| 2 | 2710 | Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con | US$ 155.5 M | 190.1 kt | US$ 0.818/kg |
| 3 | Parts and accessories of the motor vehicles of heading 8701 to 8705 | US$ 52.7 M | 6.7 kt | US$ 7.914/kg | |
| 4 | Organo-sulphur compounds | US$ 43.6 M | 29.3 kt | US$ 1.489/kg | |
| 5 | Heterocyclic compounds with nitrogen hetero-atom(s) only | US$ 43.6 M | 865 t | US$ 50.354/kg | |
| 6 | Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel | US$ 37.9 M | 2.1 kt | US$ 17.943/kg | |
| 7 | Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and modified immunological products, whether or not obtained by means of biotechnological processes; vaccines, toxins, cultures of micr | US$ 34.7 M | 209 t | US$ 166.360/kg | |
| 8 | Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including | US$ 33.0 M | 2.9 kt | US$ 11.437/kg | |
| 9 | Olive oil and its fractions, whether or not refined, but not chemically modified | US$ 30.3 M | 4.6 kt | US$ 6.527/kg | |
| 10 | Polymers of ethylene, in primary forms | US$ 26.8 M | 18.3 kt | US$ 1.466/kg | |
| 11 | Perfumes and toilet waters | US$ 26.4 M | 930 t | US$ 28.398/kg | |
| 12 | Parts of apparatus of heading 88.01, 88.02 or 88.06 | US$ 23.1 M | 39 t | US$ 595.009/kg | |
| 13 | Sulphates; alums; peroxosulphates (persulphates) | US$ 21.5 M | 239.9 kt | US$ 0.090/kg | |
| 14 | Parts suitable for use solely or principally with the engines of heading No 8407 or 8408 | US$ 20.5 M | 1.2 kt | US$ 17.652/kg | |
| 15 | Prepared pigments, prepared opacifiers and prepared colours, vitrifiable enamels and glazes, engobes (slips), liquid lustres and similar preparations, of a kind used in the ceramic, enamelling or glass industry; glass frit and other glass, in the form of | US$ 16.8 M | 2.5 kt | US$ 6.734/kg |
Brazil's primary export to Spain in 2024 was crude oil (SH4 2709), valued at US$ 4.82 billion. This was followed by soybeans (SH4 1201) at US$ 1.80 billion, and soybean oilcake (SH4 2304) at US$ 504.43 million. Copper ores (SH4 2603) and coffee (SH4 0901) also featured prominently.
In 2024, Brazil recorded a significant trade surplus with Spain amounting to US$ 5.99 billion. This surplus was driven by total exports of US$ 9.97 billion against imports valued at US$ 3.98 billion.
Brazil's largest import from Spain in 2024 was petroleum oils and related preparations (SH4 2710), totaling US$ 726.44 million. Medicaments for therapeutic or prophylactic uses (SH4 3004) were the second largest import category, valued at US$ 247.54 million.
The leading import category for Brazil from Spain in 2024, based on SH4 classification, was 'Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations...' (SH4 2710), with a value of US$ 726.44 million.
Brazil's exports to Spain in 2024 significantly exceeded imports. Exports reached US$ 9.97 billion, while imports from Spain were US$ 3.98 billion, resulting in a substantial trade surplus of US$ 5.99 billion for Brazil.
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