Large Construction Vehicles in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $2.82B in Large Construction Vehicles, making it the 6th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 20th most exported product in Brazil. The main destination of Large Construction Vehicles exports from Brazil are: United States ($1.11B), Argentina ($264M), Chile ($197M), Australia ($171M), and Mexico ($169M).

The fastest growing export markets for Large Construction Vehicles of Brazil between 2021 and 2022 were United States ($221M), Argentina ($127M), and Mexico ($82.7M).

Imports In 2022, Brazil imported $711M in Large Construction Vehicles, becoming the 19th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 74th most imported product in Brazil. Brazil imports Large Construction Vehicles primarily from: China ($462M), United States ($72.9M), Japan ($53.5M), South Korea ($26.3M), and India ($24.2M).

The fastest growing import markets in Large Construction Vehicles for Brazil between 2021 and 2022 were China ($280M), India ($17M), and Japan ($14.4M).

COMPANIES In 2023, leading companies such as AGCO CORPORATION (23) were at the forefront of shipping Large Construction Vehicles from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Large Construction Vehicles exports accounted up to $190M and imports accounted up to $55.1M, resulting in a positive trade balance of $135M. Between February 2023 and February 2024 the exports of Brazil's Large Construction Vehicles have decreased by $-38.3M (-16.8%) from $228M to $190M, while imports decreased by $-930k (-1.66%) from $56M to $55.1M.

Destinations In February 2024, Large Construction Vehicles were exported mostly to United States ($97.2M), Mexico ($15.1M), Canada ($11.4M), Peru ($10.8M), and Australia ($6.94M), and were imported mostly from China ($23.6M), United States ($13.4M), Germany ($6.26M), Japan ($3.6M), and South Korea ($3.43M).

Growth In February 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Russia ($-11.5M or -93.4%), Chile ($-5.37M or -40.2%), and United Kingdom ($-1.72M or -78.9%). In February 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-1.24M or -51.7%) and South Korea ($-782k or -23.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-38.3M(-16.8%)

IMPORT GROWTH (February 2023 - February 2024)$-930k(-1.66%)

MAIN EXPORTER (February 2024)São Paulo$192M

MAIN DESTINATION (February 2024)United States$97.2M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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