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2022
Exports $921MWorld Rnk 18 / 216
Flag Rnk 43 / 1206
2022
Destination $91.9M United States
2021 - 2022
FASTEST GROWING MARKET $91.9MUnited States
2022
PRODUCT COMPLEXITY IN Electric Motors0.76Rnk 259 / 1025
2022
Imports $873MWorld Rnk 25 / 226
Flag Rnk 60 / 1198
2022
Origin $21.4M China
2021 - 2022
FASTEST GROWING ORIGIN $21.4MGermany
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $921M in Electric Motors, making it the 18th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 43rd most exported product in Brazil. The main destination of Electric Motors exports from Brazil are: United States ($263M), Germany ($91.9M), Canada ($42.7M), Italy ($40.4M), and Chile ($39.6M).

The fastest growing export markets for Electric Motors of Brazil between 2021 and 2022 were United States ($91.9M), Germany ($25.8M), and Italy ($24.7M).

Imports In 2022, Brazil imported $873M in Electric Motors, becoming the 25th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 60th most imported product in Brazil. Brazil imports Electric Motors primarily from: China ($374M), Germany ($94.9M), United States ($83.6M), Japan ($49.7M), and Mexico ($47.4M).

The fastest growing import markets in Electric Motors for Brazil between 2021 and 2022 were Germany ($21.4M), Serbia ($11.5M), and United States ($10.1M).

COMPANIES In 2023, leading companies such as Samsung (2), Goodyear Tire and Rubber (1), and Toshiba (1) were at the forefront of shipping Electric Motors from Brazil to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Brazil's Electric Motors exports accounted up to $83.3M and imports accounted up to $91.5M, resulting in a negative trade balance of $8.18M. Between July 2023 and July 2024 the exports of Brazil's   Electric Motors have increased by $16.1M (24%) from $67.2M to $83.3M, while imports increased by $15.5M (20.4%) from $76M to $91.5M.

Destinations In July 2024, Electric Motors were exported mostly to United States ($26.5M), Canada ($9.07M), Germany ($5.22M), United Arab Emirates ($4.8M), and Italy ($3.9M), and were imported mostly from China ($48.2M), United States ($9.43M), Germany ($5.42M), Japan ($5.34M), and Mexico ($4.18M).

Growth In July 2024, the increase in Electric Motors's year-by-year exports was explained primarily by an increase in exports to United States ($9.77M or 114%), Italy ($2.08M or 314%), and Germany ($1.34M or 52%). In July 2024, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from Mexico ($2.43M or 74.4%), United States ($2.01M or 47.4%), and Germany ($1.94M or 51.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$16.1M(24%)
IMPORT GROWTH (July 2023 - July 2024)$15.5M(20.4%)
MAIN EXPORTER (July 2024)Santa Catarina$73.9M
MAIN DESTINATION (July 2024)United States$26.5M

This section shows Electric Motors's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Electric Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$921M
IMPORTS (2022)$873M
NET TRADE (2022)$48.5M

In 2022, Brazil exported $921M in Electric Motors. The main destinations of Brazil exports on Electric Motors were United States ($263M), Germany ($91.9M), Canada ($42.7M), Italy ($40.4M), and Chile ($39.6M).

In 2022, Brazil imported $873M in Electric Motors, mainly from China ($374M), Germany ($94.9M), United States ($83.6M), Japan ($49.7M), and Mexico ($47.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
United States$91.9M (53.7%)
Germany$25.8M (39%)
Italy$24.7M (157%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Brazil WERE (2021 - 2022):
Canada-$7.81M (-15.5%)
Ecuador-$3.22M (-33%)
Russia-$2.86M (-24%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Brazil's main importing competitors in Electric Motors were:
United States $12.1B
Germany $7.08B
China $4.2B

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $88.9M
TOP IMPORT POTENTIALChina+ $67.2M

Electric Motors’s highest export potential is United States. With an export gap of $88.9M.   Electric Motors’s highest import potential is China with an import gap of $67.2M.

See methodology.

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