Combustion Engines in Brazil 2020 Exports | Imports : $171M | $607M, World Rnk 23 / 179 Rnk 112 / 1202 | World Rnk 16 / 217 Rnk 52 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $5.98M | $7.87M, Argentina | Belgium
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Combustion Engines: 1.15, Rnk 131 / 1029
Exports In 2020, Brazil exported $171M in Combustion Engines, making it the 23rd largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 112th most exported product in Brazil. The main destination of Combustion Engines exports from Brazil are: Germany ($65.7M), Mexico ($42.1M), Argentina ($24.1M), United States ($11.4M), and Peru ($3.55M).
The fastest growing export markets for Combustion Engines of Brazil between 2019 and 2020 were Argentina ($5.98M), Mauritania ($3.04M), and Spain ($1.67M).
Imports In 2020, Brazil imported $607M in Combustion Engines, becoming the 16th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 52nd most imported product in Brazil. Brazil imports Combustion Engines primarily from: Argentina ($184M), Italy ($140M), United States ($117M), United Kingdom ($28.4M), and France ($26.9M).
The fastest growing import markets in Combustion Engines for Brazil between 2019 and 2020 were Belgium ($7.87M), Japan ($757k), and Sweden ($696k).
Tariffs In 2017, the average tariff for Brazil in Combustion Engines was 13.6%. The countries with the highest import tariffs for Combustion Engines were Angola (Most Favoured Nation duty rate treatement, 14.3%), Burundi (Most Favoured Nation duty rate treatement, 14.3%), Benin (Most Favoured Nation duty rate treatement, 14.3%), Burkina Faso (Most Favoured Nation duty rate treatement, 14.3%), and Botswana (Most Favoured Nation duty rate treatement, 14.3%).
January 2023
Overview In January 2023 Brazil's Combustion Engines exports accounted up to $28.9M and imports accounted up to $77.7M, resulting in a negative trade balance of $48.7M. Between January 2022 and January 2023 the exports of Brazil's Combustion Engines have increased by $4.82M (20%) from $24.1M to $28.9M, while imports increased by $4.77M (6.54%) from $72.9M to $77.7M.
Destinations In January 2023, Combustion Engines were exported mostly to Germany ($11.6M), Mexico ($10.6M), United States ($2.04M), Argentina ($1.8M), and India ($706k), and were imported mostly from Argentina ($28M), United States ($17.4M), India ($6.63M), Germany ($6.43M), and France ($4.42M).
Growth In January 2023, the increase in Combustion Engines's year-by-year exports was explained primarily by an increase in exports to Germany ($7.65M or 155%), United States ($2.85M or 665%), and Mexico ($2.12M or 68%). In January 2023, the increase in Combustion Engines's year-by-year imports was explained primarily by an increase in imports from Argentina ($8.53M or 50.7%), United States ($6.41M or 67.5%), and China ($5.6M or 250%).
EXPORT GROWTH (January 2022 - January 2023): $4.82M, (20%)
IMPORT GROWTH (January 2022 - January 2023): $4.77M, (6.54%)
MAIN EXPORTER (January 2023): São Paulo, $23.4M
MAIN DESTINATION (January 2023): Germany, $11.6M
This section shows Combustion Engines'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 Combustion Engines over time.
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EXPORTS (2020): $171M
IMPORTS (2020): $607M
NET TRADE (2020): -$437M
In 2020, Brazil exported $171M in Combustion Engines. The main destinations of Brazil exports on Combustion Engines were Germany ($65.7M), Mexico ($42.1M), Argentina ($24.1M), United States ($11.4M), and Peru ($3.55M).
In 2020, Brazil imported $607M in Combustion Engines, mainly from Argentina ($184M), Italy ($140M), United States ($117M), United Kingdom ($28.4M), and France ($26.9M).
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Combustion Engines were:
In 2020, Brazil's main importing competitors in Combustion Engines were:
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