Rubber Tires in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $1.38B in Rubber Tires, making it the 23rd largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 31st most exported product in Brazil. The main destination of Rubber Tires exports from Brazil are: United States ($441M), Argentina ($271M), Mexico ($162M), Colombia ($90M), and Paraguay ($56.4M).

The fastest growing export markets for Rubber Tires of Brazil between 2021 and 2022 were Argentina ($82.2M), United States ($53.7M), and Mexico ($37M).

Imports In 2022, Brazil imported $1.67B in Rubber Tires, becoming the 14th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 28th most imported product in Brazil. Brazil imports Rubber Tires primarily from: China ($622M), Vietnam ($193M), India ($188M), United States ($146M), and Japan ($91.9M).

The fastest growing import markets in Rubber Tires for Brazil between 2021 and 2022 were Vietnam ($114M), China ($97.4M), and India ($43.4M).

COMPANIES In 2023, leading companies such as PIRELLI TIRE LLC (10.1k) and GOODYEAR TIRE & RUBBER CO. (6.28k) were at the forefront of shipping Rubber Tires from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Rubber Tires exports accounted up to $80.2M and imports accounted up to $168M, resulting in a negative trade balance of $88M. Between February 2023 and February 2024 the exports of Brazil's Rubber Tires have decreased by $-9.71M (-10.8%) from $89.9M to $80.2M, while imports increased by $30.9M (22.5%) from $137M to $168M.

Destinations In February 2024, Rubber Tires were exported mostly to United States ($27.5M), Mexico ($13.8M), Argentina ($12.4M), Colombia ($3.45M), and Chile ($3.22M), and were imported mostly from China ($70.1M), Vietnam ($26.5M), Malaysia ($17.2M), United States ($11.6M), and India ($9.05M).

Growth In February 2024, the decrease in Rubber Tires's year-by-year exports was explained primarily by a decrease in exports to India ($-1.72M or -98.6%), Chile ($-910k or -25.4%), and Netherlands ($-788k or -77.5%). In February 2024, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from China ($13.6M or 33.1%), Vietnam ($12.1M or 121%), and Thailand ($3.99M or 152%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-9.71M(-10.8%)

IMPORT GROWTH (February 2023 - February 2024)$30.9M(22.5%)

MAIN EXPORTER (February 2024)São Paulo$38M

MAIN DESTINATION (February 2024)United States$27.5M

This section shows Rubber Tires'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 Rubber Tires over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.38B

IMPORTS (2022)$1.67B

NET TRADE (2022)-$287M

In 2022, Brazil exported $1.38B in Rubber Tires. The main destinations of Brazil exports on Rubber Tires were United States ($441M), Argentina ($271M), Mexico ($162M), Colombia ($90M), and Paraguay ($56.4M).

In 2022, Brazil imported $1.67B in Rubber Tires, mainly from China ($622M), Vietnam ($193M), India ($188M), United States ($146M), and Japan ($91.9M).

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