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Brazilian Trade with the UK in 2021

According to figures from ApexBrasil, the Brazilian Trade and Investment Promotion Agency, Brazil’s exports to the UK rose by 21% to hit £2.2bn by the end of 2021. The exports are Brazil’s highest by value to the UK since 2014, and contributed to Brazil registering a record global trade surplus in 2021 of £44.4bn.

In the food and drink sector, Brazilian fruit exports to the UK grew by 15% with strong demand for tropical varieties and superfruits such as mangos, papayas, peaches, nectarines, and berries. Taking advantage of post-Brexit trade between Brazil and the UK, sugar and ethanol exports surged by 67% to hit €122.6m / £105.5m, the result of a new sugar import quota agreed by the UK government which allows for higher volumes of tariff-free sugarcane from Brazil.

Exports to the European Union rose by 32% in 2021 to reach €30.8bn / £26.5bn, the highest since 2013. The total value of goods exported by Brazil in 2021 totalled €236.8bn / £203.7bn, a rise of 32% on 2020 values, and an all-time high for the country.

In the other direction Brazilian imports of UK goods rose by just 9% to £1.8bn in total for 2021, with particularly high demand in Brazil for oil and gas products (5,530% increase in value to reach £41.5m), British spirits (105% increase to £15.8m), chemicals (54% increase to £37.2m), and transport equipment (35% increase to £15.3m). Imports from the EU totalled €32.4bn / £27.8bn, a rise of 26% on 2020 levels. Brazilian demand was strongest for EU oil and petroleum products, pharmaceuticals and chemicals.