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2022
Exports $4.86BWorld Rnk 28 / 210
Flag Rnk 13 / 1206
2022
Destination $262M Argentina
2021 - 2022
FASTEST GROWING MARKET $262MChile
2022
PRODUCT COMPLEXITY IN Cars0.9Rnk 207 / 1025
2022
Imports $4.05BWorld Rnk 33 / 224
Flag Rnk 14 / 1198
2022
Origin $636M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $636MArgentina
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

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 (620), Volkswagen (73), and Fetzer Vineyards (30) were at the forefront of shipping Cars from Brazil to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Brazil's Cars exports accounted up to $519M and imports accounted up to $579M, resulting in a negative trade balance of $59.8M. Between October 2023 and October 2024 the exports of Brazil's   Cars have increased by $161M (45.1%) from $358M to $519M, while imports decreased by $-191k (-0.033%) from $579M to $579M.

Destinations In October 2024, Cars were exported mostly to Argentina ($294M), Mexico ($79.8M), Colombia ($53M), Uruguay ($34.7M), and Paraguay ($15.6M), and were imported mostly from Argentina ($292M), China ($104M), Mexico ($61.8M), Germany ($60.7M), and Japan ($13.9M).

Growth In October 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Colombia ($34.8M or 122%), Argentina ($12M or 13.9%), and Peru ($11.3M or 77%). In October 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-3.28M or -71.3%), Thailand ($-1.23M or -12.5%), and France ($-149k or -79.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$161M(45.1%)
IMPORT GROWTH (October 2023 - October 2024)$-191k(-0.033%)
MAIN EXPORTER (October 2024)São Paulo$255M
MAIN DESTINATION (October 2024)Argentina$294M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Chile$262M (92.7%)
Argentina$252M (19.6%)
Mexico$210M (44.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Brazil WERE (2021 - 2022):
Egypt-$4.56M (-99.2%)
Belgium-$2.79M (-39.3%)
Cote d'Ivoire-$1.13M (-52.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Cars were:
Germany $149B
Japan $89B
United States $57.5B
In 2022, Brazil's main importing competitors in Cars were:
United States $159B
Germany $67.7B
China $45.8B

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $99.8M
TOP IMPORT POTENTIALGermany+ $315M

Cars’s highest export potential is United States. With an export gap of $99.8M.   Cars’s highest import potential is Germany with an import gap of $315M.

See methodology.

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