2019 Exports | Imports: $1.8B | $6.19B, World Rnk 26 / 225
Rnk 25 / 1199 | World Rnk 18 / 225 Rnk 2 / 1196
2019 Destination | Origin: $721M | $843M, Argentina | Germany
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $15.5M | $46.1M, Colombia | Mexico
2019 ECONOMIC COMPLEXITY of Brazil: 0.64, Rnk 44 / 157
2019 PRODUCT COMPLEXITY IN Vehicle Parts: 1.1, Rnk 141 / 1029
Exports: In 2019, Brazil exported $1.8B in Vehicle Parts, making it the 26th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 25th most exported product in Brazil. The main destination of Vehicle Parts exports from Brazil are: Argentina ($721M), United States ($301M), Mexico ($171M), Germany ($86.8M), and Colombia ($85.2M).
The fastest growing export markets for Vehicle Parts of Brazil between 2018 and 2019 were Colombia ($15.5M), Indonesia ($8.6M), and Netherlands ($5.25M).
Imports: In 2019, Brazil imported $6.19B in Vehicle Parts, becoming the 18th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 2nd most imported product in Brazil. Brazil imports Vehicle Parts primarily from: Germany ($843M), Mexico ($667M), China ($659M), Japan ($657M), and South Korea ($603M).
The fastest growing import markets in Vehicle Parts for Brazil between 2018 and 2019 were Mexico ($46.1M), South Korea ($14.7M), and China ($12M).
Tariffs: In 2017, the average tariff for Brazil in Vehicle Parts was 14%. The countries with the highest import tariffs for Vehicle Parts were India (15%), Angola (14.5%), Burundi (14.5%), Benin (14.5%), and Burkina Faso (14.5%).
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%).
EXPORT GROWTH (February 2020 - February 2021): $-8.88M, (-6.38%)
IMPORT GROWTH (February 2020 - February 2021): $40.9M, (14.4%)
MAIN EXPORTER (February 2021): São Paulo, $71.5M
MAIN DESTINATION (February 2021): Argentina, $61.8M
This section shows Vehicle 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 Vehicle Parts over time.
EXPORTS (2019): $1.8B
IMPORTS (2019): $6.19B
NET TRADE (2019): -$4.39B
In 2019, Brazil exported $1.8B in Vehicle Parts. The main destinations of Brazil exports on Vehicle Parts were Argentina ($721M), United States ($301M), Mexico ($171M), Germany ($86.8M), and Colombia ($85.2M).
In 2019, Brazil imported $6.19B in Vehicle Parts, mainly from Germany ($843M), Mexico ($667M), China ($659M), Japan ($657M), and South Korea ($603M).
IN 2019, Brazil HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:
IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:
THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Brazil WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Brazil WERE (2018 - 2019):
In 2018, Brazil's main exporting competitors in Vehicle Parts were:
In 2018, Brazil's main importing competitors in Vehicle Parts were:
In 2017, the average tariff for Brazil in Vehicle Parts was 14%.
The countries with the highest tariffs for Vehicle Parts in Brazil were India (15%), Angola (14.5%), Burundi (14.5%), Benin (14.5%), and Burkina Faso (14.5%).
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