Brazil's Automobile Exports of 2024: The in-depth Insights of the Top Trade Partners and Latest Shipments

Automobiles have contributed a substantial share to the economic growth of Brazil via the steadily growing demand of top trade partners. Visible government policies, technological advancements, and the development of the transportation infrastructure are the contributing factors behind this sturdy growth rate. Brazil Import Data says, the automotive industry of Brazil has evolved significantly with the robust production capacity of over 3 million units annually, recording it as the 6th largest producer of vehicles globally. The population of over 210 million people, with a rising middle class demanding high purchasing power, has been attributed to the upward trajectory of automobile exports of Brazil in 2024.

The globally increasing demand for Brazilian automobiles has induced the nation to improve its manufacturing units for efficient recovery of certain losses in nearby trades. The well-developed transportation infrastructure recorded an export trade value of automobiles from Brazil worth 22 billion US dollars in 2024. Import Globals with its Brazil trade data gives detailed trade intelligence on the Brazilian automobile exports to leading importing destinations worldwide for providing a brief detail to the business holders proactively looking for the latest shipments and strategies.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF AUTOMOBILES FROM BRAZIL IN 2024

The Green Mobility and Innovation Programme, launched in December 2023, to decarbonizes Brazil’s automotive sector, has been contributing a major share to the overall export of automobiles from Brazil. The tax incentives of over 3.9 billion US dollars to automakers investing in decarbonization and electric vehicle production, accompanied by the higher import tariffs on electric and hybrid vehicles, are encouraging the local manufacturing units.

The New Industry Brazil, announced in January 2024, is one of the comprehensive industrial policies extending until 2033 to revitalize the industrial sector. Allocation of around 8 billion US dollars financing program for exports of industrial goods, including automobiles, accompanied by innovation support via equity investments for research and development, has been fueling the automobile’s overall exports.

THE LEADING VARIANTS OF AUTOMOBILES EXPORTED FROM BRAZIL IN 2024

Brazil, being one of the leading exporters of automobiles, has introduced diversification in the overall global supply to record an upward trajectory in the amount of revenue rates. According to the Brazil Export Data, the top 10 leading variants of Automobiles exported from the nation in 2024 are,

  1. Chevrolet Onix — Export trade value of Chevrolet Onix from Brazil in 2024: 5.7 billion US dollars
  2. Volkswagen Gol — Export trade value of Volkswagen Gol from Brazil in 2024–4.5 billion US dollars
  3. Fiat Strada — Export trade value of Fiat Strada from Brazil in 2024–3.8 billion US dollars
  4. Toyota Corolla — Export trade value of Toyota Corolla from Brazil in 2024–2.7 billion US dollars
  5. Toyota Hilux — Export trade value of Toyota Hilux from Brazil in 2024–1.8 billion US dollars
  6. Renault Sandero — Export trade value of Renault Sandero from Brazil in 2024–1.2 billion US dollars
  7. Ford Ka — Export trade value of Ford Ka from Brazil in 2024–1 billion US dollars
  8. Hyundai HB20 — Export trade value of Hyundai HB20 from Brazil in 2024–870 million US dollars
  9. Honda HR-V — Export trade value of Honda HR-V from Brazil in 2024–654 million US dollars
  10. Agricultural Machinery — Export trade value of Agricultural Machinery from Brazil in 2024–478 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF BRAZIL FOR AUTOMOBILES IN 2024

The affordable pricing strategies adopted by the trade firms of Brazil have built up a suitable trade relationship with regions having attractive tariff rates for imports. According to the Brazil Customs Data, the top 10 export trade partners of the nation for automobiles in 2024 are,

  1. United States — Export trade value of Automobiles from Brazil to the United States in 2024–6.4 billion US dollars

Top 5 variants of Automobiles exported

1. Sedans

2. Hatchbacks

3. SUVs

4. Crossovers

5. Pick-up trucks

2. Argentina — Export trade value of Automobiles from Brazil to Argentina in 2024–4.8 billion US dollars

Top 5 variants of Automobiles exported

1. Vans

2. Microcars

3. Mini-trucks

4. Electric Cars

5. Hybrid Cars

3. Chile — Export trade value of Automobiles from Brazil to Chile in 2024–3.7 billion US dollars

Top 5 variants of Automobiles exported

1. Standard Motorcycles

2. Sports Bikes

3. Cruiser Motorcycles

4. Dirt Bikes

5. Touring Motorcycles

4. Belgium — Export trade value of Automobiles from Brazil to Belgium in 2024–2.8 billion US dollars

Top 5 variants of Automobiles exported

1. Touring Motorcycles

2. Mini Scooters

3. Full-size Scooters

4. Automatic Scooters

5. Convertibles

5. Germany — Export trade value of Automobiles from Brazil to Germany in 2024–1.7 billion US dollars

Top 5 variants of Automobiles exported

1. Luxury cars

2. Sports cars

3. Muscle cars

4. Electric Bicycles

5. Sports Utility Bikes

  1. China — Export trade value of Automobiles from Brazil to China in 2024–1.4 billion US dollars

Top 5 variants of Automobiles exported

1. Mountain Bikes

2. Electric Bicycles

3. Hybrid Bicycles

4. Road Bikes

5. Vans

7. Colombia — Export trade value of Automobiles from Brazil to Colombia in 2024–1.2 billion US dollars

Top 5 variants of Automobiles exported

1. Chevrolet Onix

2. Fiat Strada

3. Volkswagen Gol

4. Ford Ranger

5. Hyundai HB20

8. Peru — Export trade value of Automobiles from Brazil to Peru in 2024–1 billion US dollars

Top 5 variants of Automobiles exported

1. Toyota Hilux

2. Renault Kwid

3. Zotye Z560

4. Volkswagen T-Cross

5. Ford Ka

9. Ecuador — Export trade value of Automobiles from Brazil to Ecuador in 2024–800 million US dollars

Top 5 variants of Automobiles exported

1. Renault Duster Oroch Pick-up

2. Fiat Mobi Drive GSR Dualogic Flex

3. Toyota Corolla GLi Tech Hybrid Flex One

4. Mitsubishi L200 Triton Sport HPE-S Automática 4x4 Diesel

5. BMW X1 sDrive20i GP ActiveFlex

10. United Kingdom — Export trade value of Automobiles from Brazil to the United Kingdom in 2024–600 million US dollars

Top 5 variants of Automobiles exported

1. Porsche Macan S V6 Biturbo

2. Range Rover Evoque HSE Dynamic

3. Mercedes-AMG GLC63 Coupe

4. Ford Ecosport Titanium Plus Turbo AT Flex

5. Jaguar E-Pace P250 S Petrol

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