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2022
Exports $49.5MWorld Rnk 28 / 144
Flag Rnk 331 / 1206
2022
Destination $9.2M United States
2021 - 2022
FASTEST GROWING MARKET $9.2MUnited States
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $62.4MWorld Rnk 31 / 200
Flag Rnk 409 / 1198
2022
Origin $10.9M China
2021 - 2022
FASTEST GROWING ORIGIN $10.9MChina
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $49.5M in Locomotive Parts, making it the 28th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 331st most exported product in Brazil. The main destination of Locomotive Parts exports from Brazil are: United States ($19.2M), Mauritania ($8.33M), South Africa ($3.69M), Argentina ($3.42M), and Chile ($1.92M).

The fastest growing export markets for Locomotive Parts of Brazil between 2021 and 2022 were United States ($9.2M), Mauritania ($4.24M), and Argentina ($1.14M).

Imports In 2022, Brazil imported $62.4M in Locomotive Parts, becoming the 31st largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 409th most imported product in Brazil. Brazil imports Locomotive Parts primarily from: China ($21.6M), United States ($16.5M), Austria ($3.68M), Spain ($3.08M), and India ($2.73M).

The fastest growing import markets in Locomotive Parts for Brazil between 2021 and 2022 were China ($10.9M), Spain ($1.65M), and France ($1.5M).

Latest Trends

November 2024

About

Overview In November 2024 Brazil's Locomotive Parts exports accounted up to $3.37M and imports accounted up to $10.4M, resulting in a negative trade balance of $7.05M. Between November 2023 and November 2024 the exports of Brazil's   Locomotive Parts have decreased by $-401k (-10.6%) from $3.77M to $3.37M, while imports increased by $3.37M (47.8%) from $7.05M to $10.4M.

Destinations In November 2024, Locomotive Parts were exported mostly to United States ($1.18M), South Africa ($661k), Mexico ($539k), Chile ($182k), and Argentina ($158k), and were imported mostly from China ($5.67M), United States ($2.08M), Austria ($492k), Argentina ($380k), and India ($328k).

Growth In November 2024, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to United States ($-148k or -11%) and Argentina ($-34.3k or -13.7%). In November 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from China ($788k or 67.5%), South Korea ($587k or 435%), and Hungary ($524k or 1.83k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-401k(-10.6%)
IMPORT GROWTH (November 2023 - November 2024)$3.37M(47.8%)
MAIN EXPORTER (November 2024)São Paulo$4.92M
MAIN DESTINATION (November 2024)United States$1.18M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.5M
IMPORTS (2022)$62.4M
NET TRADE (2022)-$12.8M

In 2022, Brazil exported $49.5M in Locomotive Parts. The main destinations of Brazil exports on Locomotive Parts were United States ($19.2M), Mauritania ($8.33M), South Africa ($3.69M), Argentina ($3.42M), and Chile ($1.92M).

In 2022, Brazil imported $62.4M in Locomotive Parts, mainly from China ($21.6M), United States ($16.5M), Austria ($3.68M), Spain ($3.08M), and India ($2.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
United States$9.2M (91.8%)
Mauritania$4.24M (104%)
Argentina$1.14M (50%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Brazil WERE (2021 - 2022):
Chile-$6.74M (-77.8%)
Canada-$790k (-71.5%)
Bolivia-$309k (-45%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Brazil's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.3M
TOP IMPORT POTENTIALChina+ $4.7M

Locomotive Parts’s highest export potential is United States. With an export gap of $5.3M.   Locomotive Parts’s highest import potential is China with an import gap of $4.7M.

See methodology.

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