Electric Motor Parts in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $202M in Electric Motor Parts, making it the 27th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 134th most exported product in Brazil. The main destination of Electric Motor Parts exports from Brazil are: United States ($63.3M), Chile ($23.4M), Mexico ($17.9M), Portugal ($16.4M), and Germany ($16.2M).

The fastest growing export markets for Electric Motor Parts of Brazil between 2021 and 2022 were Germany ($7.39M), South Africa ($6.29M), and Mexico ($6.12M).

Imports In 2022, Brazil imported $389M in Electric Motor Parts, becoming the 16th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 124th most imported product in Brazil. Brazil imports Electric Motor Parts primarily from: China ($199M), India ($52.3M), Spain ($29.9M), United States ($18.8M), and Finland ($16.1M).

The fastest growing import markets in Electric Motor Parts for Brazil between 2021 and 2022 were China ($39.3M), India ($24.7M), and Finland ($9.99M).

Latest Trends

March 2024

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Overview In March 2024 Brazil's Electric Motor Parts exports accounted up to $12.8M and imports accounted up to $14.2M, resulting in a negative trade balance of $1.36M. Between March 2023 and March 2024 the exports of Brazil's Electric Motor Parts have increased by $2.42M (23.2%) from $10.4M to $12.8M, while imports decreased by $-26.5M (-65.1%) from $40.7M to $14.2M.

Destinations In March 2024, Electric Motor Parts were exported mostly to Honduras ($2.77M), United States ($2.57M), South Africa ($1.92M), Portugal ($1.3M), and Mexico ($1.19M), and were imported mostly from China ($6.09M), United States ($2.18M), Germany ($1.26M), Spain ($876k), and India ($800k).

Growth In March 2024, the increase in Electric Motor Parts's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.1M or 396%), Portugal ($1.28M or 177%), and United States ($733k or 23.2%). In March 2024, the decrease in Electric Motor Parts's year-by-year imports was explained primarily by a decrease in imports from Poland ($-561k or -85.5%), Denmark ($-491k or -69.5%), and Spain ($-399k or -10.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$2.42M(23.2%)

IMPORT GROWTH (March 2023 - March 2024)$-26.5M(-65.1%)

MAIN EXPORTER (March 2024)São Paulo$7.38M

MAIN DESTINATION (March 2024)Honduras$2.77M

This section shows Electric Motor 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 Electric Motor Parts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$202M

IMPORTS (2022)$389M

NET TRADE (2022)-$187M

In 2022, Brazil exported $202M in Electric Motor Parts. The main destinations of Brazil exports on Electric Motor Parts were United States ($63.3M), Chile ($23.4M), Mexico ($17.9M), Portugal ($16.4M), and Germany ($16.2M).

In 2022, Brazil imported $389M in Electric Motor Parts, mainly from China ($199M), India ($52.3M), Spain ($29.9M), United States ($18.8M), and Finland ($16.1M).

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