In 2024, Brazil's trade with Mexico demonstrated a robust surplus, reaching US$ 2.03 billion. Total exports amounted to US$ 7.80 billion, while imports stood at US$ 5.77 billion, highlighting a significant positive balance for Brazil.
The trade structure reveals a clear specialization. Brazil's primary exports to Mexico are concentrated in motor vehicles for passenger transport (SH4 8703) and agricultural commodities like soya beans (SH4 1201) and poultry meat (SH4 0207). Conversely, Brazil's imports from Mexico are dominated by automotive parts and accessories (SH4 8708) and passenger vehicles (SH4 8703). Browse the SH4 chapters below to drill into a specific commodity.
| # | SH4 | Description | FOB | Weight | Avg. price |
|---|---|---|---|---|---|
| 1 | Soya beans, whether or not broken |
| US$ 426.2 M |
| 1.03 Mt |
| US$ 0.413/kg |
| 2 | 0207 | Meat and edible offal, of the poultry of heading No 0105, fresh, chilled or frozen | US$ 237.7 M | 102.2 kt | US$ 2.327/kg |
| 3 | 8703 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars | US$ 234.8 M | 19.6 kt | US$ 11.957/kg |
| 4 | 8704 | Motor vehicles for the transport of goods | US$ 221.1 M | 22.1 kt | US$ 10.009/kg |
| 5 | 0202 | Meat of bovine animals, frozen | US$ 145.7 M | 25.4 kt | US$ 5.724/kg |
| 6 | 2601 | Iron ores and concentrates, including roasted iron pyrites | US$ 111.9 M | 1.28 Mt | US$ 0.087/kg |
| 7 | 4011 | New pneumatic tyres, of rubber | US$ 85.0 M | 17.7 kt | US$ 4.790/kg |
| 8 | 8708 | Parts and accessories of the motor vehicles of heading 8701 to 8705 | US$ 79.6 M | 8.9 kt | US$ 8.956/kg |
| 9 | 0901 | Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion | US$ 77.2 M | 17.7 kt | US$ 4.354/kg |
| 10 | 8407 | Spark-ignition reciprocating or rotary internal combustion piston engines | US$ 72.0 M | 2.9 kt | US$ 24.712/kg |
| 11 | 7207 | Semi-finished products of iron or non-alloy steel | US$ 66.3 M | 134.3 kt | US$ 0.493/kg |
| 12 | 8409 | Parts suitable for use solely or principally with the engines of heading No 8407 or 8408 | US$ 62.3 M | 14.8 kt | US$ 4.194/kg |
| 13 | 4407 | Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm | US$ 62.1 M | 125.6 kt | US$ 0.494/kg |
| 14 | 0203 | Meat of swine, fresh, chilled or frozen | US$ 50.6 M | 21.9 kt | US$ 2.312/kg |
| 15 | 8411 | Turbo-jets, turbo-propellers and other gas turbines | US$ 47.1 M | 2 t | US$ 26,979.564/kg |
| # | SH4 | Description | FOB | Weight | Avg. price |
|---|---|---|---|---|---|
| 1 | 8703 | Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars | US$ 411.0 M | 28.7 kt | US$ 14.321/kg |
| 2 | 8471 | Automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included | US$ 404.5 M | 990 t | US$ 408.399/kg |
| 3 | Parts and accessories of the motor vehicles of heading 8701 to 8705 | US$ 342.0 M | 24.0 kt | US$ 14.262/kg | |
| 4 | Motor vehicles for the transport of goods | US$ 136.4 M | 9.6 kt | US$ 14.189/kg | |
| 5 | Automatic regulating or controlling instruments and apparatus | US$ 106.8 M | 1.1 kt | US$ 93.514/kg | |
| 6 | Electrical lighting or signalling equipment (excluding articles of heading 8539), windscreen wipers, defrosters and demisters, of a kind used for cycles or motor vehicles | US$ 77.1 M | 2.1 kt | US$ 36.094/kg | |
| 7 | Petroleum gases and other gaseous hydrocarbons | US$ 70.3 M | 150.3 kt | US$ 0.468/kg | |
| 8 | Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight-testing instruments | US$ 64.9 M | 471 t | US$ 137.807/kg | |
| 9 | Unwrought zinc | US$ 55.3 M | 15.6 kt | US$ 3.548/kg | |
| 10 | Parts of apparatus of heading 88.01, 88.02 or 88.06 | US$ 54.5 M | 89 t | US$ 614.979/kg | |
| 11 | Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones | US$ 52.7 M | 158 t | US$ 333.309/kg | |
| 12 | Yachts and other vessels for pleasure or sports; rowing boats and canoes | US$ 47.9 M | 2.0 kt | US$ 23.818/kg | |
| 13 | Other colouring matter; preparations as specified in note 3 to this chapter, other than those of heading 3203, 3204 or 3205; inorganic products of a kind used as luminophores, whether or not chemically defined | US$ 46.6 M | 15.2 kt | US$ 3.057/kg | |
| 14 | 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$ 43.9 M | 869 t | US$ 50.543/kg | |
| 15 | Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made-up of individually sheathed fibres, whether or not assembled with | US$ 40.6 M | 1.4 kt | US$ 28.522/kg |
In 2024, Brazil's leading exports to Mexico were motor cars and other vehicles for transporting persons (SH4 8703) at US$ 715.42 million, followed by soya beans (SH4 1201) valued at US$ 695.57 million, and poultry meat (SH4 0207) at US$ 563.66 million.
Brazil's primary imports from Mexico in 2024 consisted of parts and accessories for motor vehicles (SH4 8708), totaling US$ 849.02 million. Motor cars for transporting persons (SH4 8703) followed, with imports valued at US$ 757.76 million.
In 2024, the trade balance between Brazil and Mexico registered a surplus of US$ 2.03 billion in favor of Brazil. This was driven by total exports of US$ 7.80 billion against imports of US$ 5.77 billion.
The leading SH4 chapter for Brazil's exports to Mexico in 2024 was 8703, covering motor cars and other vehicles for the transport of persons, with a value of US$ 715.42 million. This was closely followed by SH4 1201 (Soya beans) at US$ 695.57 million.
The primary SH4 chapter for Brazil's imports from Mexico in 2024 was 8708, which includes parts and accessories for motor vehicles, amounting to US$ 849.02 million. This category significantly outweighs other imports from Mexico.
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