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2023
Exports $22.2kWorld Rnk 41 / 71
Flag Rnk 1158 / 1207
2023
Destination $2.64k Colombia
2022 - 2023
FASTEST GROWING MARKET $2.64kChina
2023
Imports $85.9MWorld Rnk 2 / 124
Flag Rnk 350 / 1200
2023
Origin $9.57M Bolivia
2022 - 2023
FASTEST GROWING ORIGIN $9.57MArgentina
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $22.2k in Borax, making it the 41st largest exporter of Borax in the world. At the same year, Borax was the 1158th most exported product in Brazil. The main destination of Borax exports from Brazil are: Colombia ($19.6k), China ($2.64k), and Bolivia ($29).

The fastest growing export markets for Borax of Brazil between 2022 and 2023 were China ($2.64k).

Imports In 2023, Brazil imported $85.9M in Borax, becoming the 2nd largest importer of Borax in the world. At the same year, Borax was the 350th most imported product in Brazil. Brazil imports Borax primarily from: Bolivia ($43.2M), Argentina ($29.7M), Chile ($9.02M), Turkey ($4.06M), and Ireland ($111).

The fastest growing import markets in Borax for Brazil between 2022 and 2023 were Argentina ($9.57M), Chile ($3.35M), and Turkey ($2.67M).

Latest Trends

November 2024

About

Overview In November 2024 Brazil's Borax exports accounted up to $1.45k and imports accounted up to $6.99M, resulting in a negative trade balance of $6.99M. Between June 2023 and November 2024 the exports of Brazil's   Borax have remained the same by $0 (0%) from $1.45k to $1.45k, while imports increased by $730k (11.7%) from $6.26M to $6.99M.

Destinations In November 2024, Borax were exported mostly to , and were imported mostly from Bolivia ($4.34M), Argentina ($1.34M), Chile ($891k), and Turkey ($413k).

Growth In November 2024, the change in Borax's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Borax's year-by-year imports was explained primarily by an increase in imports from Bolivia ($1.94M or 417%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (December 2023 - December 2024)$730k(11.7%)
MAIN EXPORTER (November 2024)Paraná$104k
MAIN DESTINATION (November 2024)

This section shows Borax'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 Borax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$22.2k
IMPORTS (2023)$85.9M
NET TRADE (2023)-$85.9M

In 2023, Brazil exported $22.2k in Borax. The main destinations of Brazil exports on Borax were Colombia ($19.6k), China ($2.64k), and Bolivia ($29).

In 2023, Brazil imported $85.9M in Borax, mainly from Bolivia ($43.2M), Argentina ($29.7M), Chile ($9.02M), Turkey ($4.06M), and Ireland ($111).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Borax EXPORT MARKETS FOR Brazil WERE (2022 - 2023):China$2.64k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borax BY Brazil WERE (2022 - 2023):
Bolivia-$191k (-100%)
Colombia-$13.4k (-40.6%)
Canada-$1.07k (-100%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Borax were:
Turkey $228M
Bolivia $88.6M
Argentina $36.1M
In 2023, Brazil's main importing competitors in Borax were:
China $94.5M
India $38.8M

Explore Visualizations

Trade Value of Borax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $10.7k
TOP IMPORT POTENTIALTurkey+ $737k

Borax’s highest export potential is Colombia. With an export gap of $10.7k.   Borax’s highest import potential is Turkey with an import gap of $737k.

See methodology.

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