Cars in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $4.86B in Cars, making it the 28th largest exporter of Cars in the world. At the same year, Cars was the 13th most exported product in Brazil. The main destination of Cars exports from Brazil are: Argentina ($1.53B), Colombia ($720M), Mexico ($685M), Chile ($545M), and Peru ($247M).

The fastest growing export markets for Cars of Brazil between 2021 and 2022 were Chile ($262M), Argentina ($252M), and Mexico ($210M).

Imports In 2022, Brazil imported $4.05B in Cars, becoming the 33rd largest importer of Cars in the world. At the same year, Cars was the 14th most imported product in Brazil. Brazil imports Cars primarily from: Argentina ($2.05B), Germany ($486M), China ($372M), Mexico ($238M), and United States ($185M).

The fastest growing import markets in Cars for Brazil between 2021 and 2022 were Argentina ($636M), Germany ($178M), and Belgium ($51.7M).

COMPANIES In 2023, leading companies such as TELAMON CORPORATION (5.58k), AMAZON SERVICES LLC (348), and FORD MOTOR COMPANY (180) were at the forefront of shipping Cars from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Cars exports accounted up to $318M and imports accounted up to $422M, resulting in a negative trade balance of $104M. Between February 2023 and February 2024 the exports of Brazil's Cars have decreased by $-34.4M (-9.75%) from $353M to $318M, while imports increased by $119M (39.4%) from $303M to $422M.

Destinations In February 2024, Cars were exported mostly to Argentina ($129M), Mexico ($75.1M), Colombia ($40.1M), Uruguay ($16.9M), and Chile ($16.4M), and were imported mostly from China ($187M), Germany ($51.3M), Mexico ($50.8M), Argentina ($31.7M), and Slovakia ($13.5M).

Growth In February 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Chile ($-11.1M or -25%), Paraguay ($-4.06M or -39.4%), and Uruguay ($-2.98M or -13.5%). In February 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from China ($36.4M or 546%), Mexico ($24.9M or 183%), and Germany ($14.5M or 83.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-34.4M(-9.75%)

IMPORT GROWTH (February 2023 - February 2024)$119M(39.4%)

MAIN EXPORTER (February 2024)São Paulo$201M

MAIN DESTINATION (February 2024)Argentina$129M

This section shows Cars'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 Cars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.86B

IMPORTS (2022)$4.05B

NET TRADE (2022)$806M

In 2022, Brazil exported $4.86B in Cars. The main destinations of Brazil exports on Cars were Argentina ($1.53B), Colombia ($720M), Mexico ($685M), Chile ($545M), and Peru ($247M).

In 2022, Brazil imported $4.05B in Cars, mainly from Argentina ($2.05B), Germany ($486M), China ($372M), Mexico ($238M), and United States ($185M).

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