Electromagnets in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $7.89M in Electromagnets, making it the 41st largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 640th most exported product in Brazil. The main destination of Electromagnets exports from Brazil are: United States ($2.01M), Germany ($1.5M), Argentina ($1.1M), Czechia ($428k), and Japan ($327k).

The fastest growing export markets for Electromagnets of Brazil between 2021 and 2022 were Germany ($427k), Argentina ($411k), and Chile ($111k).

Imports In 2022, Brazil imported $106M in Electromagnets, becoming the 26th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 312th most imported product in Brazil. Brazil imports Electromagnets primarily from: China ($57.8M), Germany ($9.82M), South Korea ($6.21M), United States ($5.74M), and Japan ($4.88M).

The fastest growing import markets in Electromagnets for Brazil between 2021 and 2022 were China ($9.51M), Japan ($2.03M), and Netherlands ($614k).

Latest Trends

March 2024

About

Overview In March 2024 Brazil's Electromagnets exports accounted up to $521k and imports accounted up to $8.14M, resulting in a negative trade balance of $7.62M. Between March 2023 and March 2024 the exports of Brazil's Electromagnets have decreased by $-90k (-14.7%) from $611k to $521k, while imports decreased by $-1.29M (-13.7%) from $9.43M to $8.14M.

Destinations In March 2024, Electromagnets were exported mostly to Germany ($159k), Czechia ($67.2k), United States ($56k), Colombia ($39.7k), and Chile ($33.8k), and were imported mostly from China ($4.04M), Germany ($702k), Mexico ($581k), United States ($525k), and South Korea ($432k).

Growth In March 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Germany ($-88.7k or -59.1%), Czechia ($-28.5k or -49%), and Paraguay ($-17k or -56%). In March 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from China ($-1.02M or -21.4%), South Korea ($-383k or -51.8%), and Japan ($-102k or -27.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-90k(-14.7%)

IMPORT GROWTH (March 2023 - March 2024)$-1.29M(-13.7%)

MAIN EXPORTER (March 2024)São Paulo$423k

MAIN DESTINATION (March 2024)Germany$159k

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.89M

IMPORTS (2022)$106M

NET TRADE (2022)-$98.6M

In 2022, Brazil exported $7.89M in Electromagnets. The main destinations of Brazil exports on Electromagnets were United States ($2.01M), Germany ($1.5M), Argentina ($1.1M), Czechia ($428k), and Japan ($327k).

In 2022, Brazil imported $106M in Electromagnets, mainly from China ($57.8M), Germany ($9.82M), South Korea ($6.21M), United States ($5.74M), and Japan ($4.88M).

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