Electrical Transformers in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $343M in Electrical Transformers, making it the 38th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 94th most exported product in Brazil. The main destination of Electrical Transformers exports from Brazil are: United States ($116M), Paraguay ($29.4M), Colombia ($27M), Chile ($24.3M), and Peru ($14M).

The fastest growing export markets for Electrical Transformers of Brazil between 2021 and 2022 were United States ($30.5M), Paraguay ($19.1M), and Canada ($8.95M).

Imports In 2022, Brazil imported $1.91B in Electrical Transformers, becoming the 20th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 24th most imported product in Brazil. Brazil imports Electrical Transformers primarily from: China ($1.39B), Germany ($97.5M), United States ($79M), Vietnam ($39.1M), and Japan ($35.5M).

The fastest growing import markets in Electrical Transformers for Brazil between 2021 and 2022 were China ($342M), United States ($33.9M), and Germany ($25.1M).

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (68) and GOODYEAR TIRE & RUBBER CO. (61) were at the forefront of shipping Electrical Transformers from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Electrical Transformers exports accounted up to $75.2M and imports accounted up to $129M, resulting in a negative trade balance of $53.5M. Between February 2023 and February 2024 the exports of Brazil's Electrical Transformers have increased by $38.8M (106%) from $36.4M to $75.2M, while imports decreased by $-13.8M (-9.65%) from $142M to $129M.

Destinations In February 2024, Electrical Transformers were exported mostly to United States ($51.9M), South Africa ($5M), Bolivia ($4.88M), Canada ($2.48M), and Argentina ($1.89M), and were imported mostly from China ($94M), Germany ($5M), United States ($4.43M), Vietnam ($3.57M), and Japan ($2.79M).

Growth In February 2024, the increase in Electrical Transformers's year-by-year exports was explained primarily by an increase in exports to Colombia ($15.2M or 3.51k%), Bolivia ($2.29M or 526%), and France ($582k or 11.8k%). In February 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from China ($-2.4M or -1.9%), Vietnam ($-1.43M or -40.3%), and New Zealand ($-537k or -87.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$38.8M(106%)

IMPORT GROWTH (February 2023 - February 2024)$-13.8M(-9.65%)

MAIN EXPORTER (February 2024)Rio Grande Do Sul$118M

MAIN DESTINATION (February 2024)United States$51.9M

This section shows Electrical Transformers'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 Electrical Transformers over time.

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