Overview: In February 2021 Brazil's Vehicle Parts exports accounted up to $130M and imports accounted up to $324M, resulting in a negative trade balance of $194M. Between February 2020 and February 2021 the exports of Brazil's Vehicle Parts have decreased by $-8.88M (-6.38%) from $139M to $130M, while imports increased by $40.9M (14.4%) from $284M to $324M.
Destinations: In February 2021 Vehicle Parts exported mostly to Argentina ($61.8M), United States ($18.9M), Mexico ($9.72M), Colombia ($5.16M), and Germany ($4.48M), and imported mostly from China ($58.8M), Japan ($33.5M), Mexico ($31.5M), Argentina ($31.1M), and Germany ($28.1M).
Growth: In February 2021, the decrease in Vehicle Parts's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-5.33M or -35.4%), Germany ($-2.66M or -37.2%), and Argentina ($-2.66M or -4.12%). In February 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from China ($11.2M or 23.5%), Japan ($8.93M or 36.4%), and United States ($7.97M or 52.7%).