Metalworking Machine Parts in Brazil 2020 Exports | Imports : $31.6M | $148M, World Rnk 39 / 198 Rnk 331 / 1202 | World Rnk 28 / 218 Rnk 202 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $786k | $3.57M, Saudi Arabia | South Korea
Exports In 2020, Brazil exported $31.6M in Metalworking Machine Parts, making it the 39th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 331st most exported product in Brazil. The main destination of Metalworking Machine Parts exports from Brazil are: United States ($5.92M), China ($4.96M), Germany ($4.12M), Mexico ($2.8M), and United Kingdom ($2.64M).
The fastest growing export markets for Metalworking Machine Parts of Brazil between 2019 and 2020 were Saudi Arabia ($786k), United Kingdom ($692k), and Republic of the Congo ($678k).
Imports In 2020, Brazil imported $148M in Metalworking Machine Parts, becoming the 28th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 202nd most imported product in Brazil. Brazil imports Metalworking Machine Parts primarily from: Germany ($30.3M), United States ($29.9M), Italy ($18.7M), China ($15.7M), and Japan ($11.1M).
The fastest growing import markets in Metalworking Machine Parts for Brazil between 2019 and 2020 were South Korea ($3.57M), Canada ($1.09M), and Japan ($725k).
Tariffs In 2017, the average tariff for Brazil in Metalworking Machine Parts was 12.7%. The countries with the highest import tariffs for Metalworking Machine Parts were Angola (Most Favoured Nation duty rate treatement, 13.2%), Burundi (Most Favoured Nation duty rate treatement, 13.2%), Benin (Most Favoured Nation duty rate treatement, 13.2%), Burkina Faso (Most Favoured Nation duty rate treatement, 13.2%), and Botswana (Most Favoured Nation duty rate treatement, 13.2%).
May 2022
Overview In May 2022 Brazil's Metalworking Machine Parts exports accounted up to $4.31M and imports accounted up to $18.3M, resulting in a negative trade balance of $14M. Between May 2021 and May 2022 the exports of Brazil's Metalworking Machine Parts have increased by $1.23M (40.1%) from $3.08M to $4.31M, while imports increased by $3.94M (27.4%) from $14.4M to $18.3M.
Destinations In May 2022, Metalworking Machine Parts were exported mostly to Mexico ($1.04M), Argentina ($624k), China ($545k), Germany ($512k), and United States ($434k), and were imported mostly from Germany ($3.54M), United States ($3.34M), China ($3M), Italy ($1.93M), and Taiwan ($1.39M).
Growth In May 2022, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to Chile ($79.6k or 736%), Germany ($72.1k or 24.9%), and Paraguay ($45.1k or 89%). In May 2022, the increase in Metalworking Machine Parts's year-by-year imports was explained primarily by an increase in imports from United States ($675k or 40.1%), China ($624k or 34.6%), and Denmark ($219k or 210%).
EXPORT GROWTH (May 2021 - May 2022): $1.23M, (40.1%)
IMPORT GROWTH (May 2021 - May 2022): $3.94M, (27.4%)
MAIN EXPORTER (May 2022): São Paulo, $3.25M
MAIN DESTINATION (May 2022): Mexico, $1.04M
This section shows Metalworking Machine 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 Metalworking Machine Parts over time.
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EXPORTS (2020): $31.6M
IMPORTS (2020): $148M
NET TRADE (2020): -$117M
In 2020, Brazil exported $31.6M in Metalworking Machine Parts. The main destinations of Brazil exports on Metalworking Machine Parts were United States ($5.92M), China ($4.96M), Germany ($4.12M), Mexico ($2.8M), and United Kingdom ($2.64M).
In 2020, Brazil imported $148M in Metalworking Machine Parts, mainly from Germany ($30.3M), United States ($29.9M), Italy ($18.7M), China ($15.7M), and Japan ($11.1M).
IN 2020, Brazil HAD A POSITIVE NET TRADE IN Metalworking Machine Parts WITH:
IN 2020, Brazil HAD A NEGATIVE NET TRADE IN Metalworking Machine Parts WITH:
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Brazil WERE (2019 - 2020):
In 2019, Brazil's main exporting competitors in Metalworking Machine Parts were:
In 2019, Brazil's main importing competitors in Metalworking Machine Parts were:
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