Machinery Having Individual Functions in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $219M in Machinery Having Individual Functions, making it the 37th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 127th most exported product in Brazil. The main destination of Machinery Having Individual Functions exports from Brazil are: Argentina ($32.1M), Paraguay ($26.2M), United States ($25.4M), Mexico ($24.1M), and Bolivia ($17M).

The fastest growing export markets for Machinery Having Individual Functions of Brazil between 2021 and 2022 were Bolivia ($12.5M), Argentina ($11.8M), and United States ($5.45M).

Imports In 2022, Brazil imported $1.19B in Machinery Having Individual Functions, becoming the 31st largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 43rd most imported product in Brazil. Brazil imports Machinery Having Individual Functions primarily from: China ($269M), Germany ($214M), United States ($170M), Italy ($124M), and Japan ($61.9M).

The fastest growing import markets in Machinery Having Individual Functions for Brazil between 2021 and 2022 were China ($52.6M), United States ($24.2M), and United Kingdom ($12.5M).

COMPANIES In 2023, leading companies such as Ford Motor Company (3), CNH Industrial (1), and Amazon (1) were at the forefront of shipping Machinery Having Individual Functions from Brazil to the United States.

Latest Trends

July 2024

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Overview In July 2024 Brazil's Machinery Having Individual Functions exports accounted up to $67.8M and imports accounted up to $119M, resulting in a negative trade balance of $51.6M. Between July 2023 and July 2024 the exports of Brazil's Machinery Having Individual Functions have increased by $35.7M (112%) from $32M to $67.8M, while imports decreased by $-21M (-15%) from $140M to $119M.

Destinations In July 2024, Machinery Having Individual Functions were exported mostly to Singapore ($45.1M), Paraguay ($4.45M), Colombia ($3.46M), Mexico ($2.93M), and United States ($2.33M), and were imported mostly from China ($23.9M), United States ($18M), Spain ($17.4M), Germany ($10.8M), and Japan ($5.65M).

Growth In July 2024, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Bolivia ($1.2M or 376%), United States ($911k or 105%), and Argentina ($641k or 58.2%). In July 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from France ($-6.63M or -82.3%), Singapore ($-1.91M or -91.3%), and Spain ($-1.83M or -52.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$35.7M(112%)

IMPORT GROWTH (July 2023 - July 2024)$-21M(-15%)

MAIN EXPORTER (July 2024)Rio De Janeiro$45.1M

MAIN DESTINATION (July 2024)Singapore$45.1M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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