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2022
Exports $20.1MWorld Rnk 29 / 159
Flag Rnk 477 / 1206
2022
Destination $2.31M Germany
2021 - 2022
FASTEST GROWING MARKET $2.31MGermany
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2022
Imports $54.3MWorld Rnk 27 / 209
Flag Rnk 438 / 1198
2022
Origin $6.33M Italy
2021 - 2022
FASTEST GROWING ORIGIN $6.33MSouth Africa
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $20.1M in Electric Furnaces, making it the 29th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 477th most exported product in Brazil. The main destination of Electric Furnaces exports from Brazil are: Germany ($3.18M), Peru ($2.55M), Ukraine ($1.76M), United States ($1.7M), and Chile ($1.38M).

The fastest growing export markets for Electric Furnaces of Brazil between 2021 and 2022 were Germany ($2.31M), Ukraine ($1.76M), and Canada ($780k).

Imports In 2022, Brazil imported $54.3M in Electric Furnaces, becoming the 27th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 438th most imported product in Brazil. Brazil imports Electric Furnaces primarily from: Italy ($13.2M), United States ($8.13M), China ($7.77M), South Africa ($6.36M), and Germany ($4.71M).

The fastest growing import markets in Electric Furnaces for Brazil between 2021 and 2022 were South Africa ($6.33M), Italy ($5.47M), and Belgium ($1.5M).

COMPANIES In 2023, leading companies such as Toshiba (3), Samsung (2), and CNH Industrial (1) were at the forefront of shipping Electric Furnaces from Brazil to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Brazil's Electric Furnaces exports accounted up to $996k and imports accounted up to $5.68M, resulting in a negative trade balance of $4.68M. Between July 2023 and July 2024 the exports of Brazil's   Electric Furnaces have decreased by $-2.53M (-71.7%) from $3.52M to $996k, while imports increased by $3.68M (184%) from $2M to $5.68M.

Destinations In July 2024, Electric Furnaces were exported mostly to United States ($226k), Peru ($197k), Paraguay ($173k), Argentina ($124k), and Chile ($71.3k), and were imported mostly from Belgium ($2.44M), United States ($868k), China ($660k), Austria ($507k), and Germany ($344k).

Growth In July 2024, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-238k or -76.1%), United States ($-206k or -86.6%), and Germany ($-120k or -37.2%). In July 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from Italy ($867k or 137%), Germany ($179k or 185%), and Canada ($59.6k or 339%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.53M(-71.7%)
IMPORT GROWTH (July 2023 - July 2024)$3.68M(184%)
MAIN EXPORTER (July 2024)São Paulo$2.29M
MAIN DESTINATION (July 2024)United States$226k

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.1M
IMPORTS (2022)$54.3M
NET TRADE (2022)-$34.1M

In 2022, Brazil exported $20.1M in Electric Furnaces. The main destinations of Brazil exports on Electric Furnaces were Germany ($3.18M), Peru ($2.55M), Ukraine ($1.76M), United States ($1.7M), and Chile ($1.38M).

In 2022, Brazil imported $54.3M in Electric Furnaces, mainly from Italy ($13.2M), United States ($8.13M), China ($7.77M), South Africa ($6.36M), and Germany ($4.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Germany$2.31M (266%)
Ukraine$1.76M (1%)
Canada$780k (411%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Brazil WERE (2021 - 2022):
United States-$787k (-31.7%)
Chile-$525k (-27.6%)
Peru-$425k (-14.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Electric Furnaces were:
China $1.22B
Germany $882M
Italy $722M
In 2022, Brazil's main importing competitors in Electric Furnaces were:
China $759M
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.93M
TOP IMPORT POTENTIALChina+ $5.02M

Electric Furnaces’s highest export potential is United States. With an export gap of $1.93M.   Electric Furnaces’s highest import potential is China with an import gap of $5.02M.

See methodology.

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