Core Viewpoint - Brazil's future exports will remain concentrated in bulk commodities, particularly agricultural products and mineral resources such as oil and energy, despite the traditional trade relationship with the EU [1] Trade Structure - The EU is a traditional trading partner for Brazil, but competition in agricultural products limits its potential as a major alternative market to the US [1] - In contrast, the Asia-Pacific market may show a more significant short-term substitution effect for the US, as Brazil's agricultural and mineral products align with the strong import demand from Asia-Pacific countries [1] Market Expansion - Brazil is likely to focus on expanding its overseas market towards the Asia-Pacific region, with Japan, South Korea, and certain Southeast Asian countries identified as key targets for market development [1]