Excavation Machinery in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $148M in Excavation Machinery, making it the 41st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 183rd most exported product in Brazil. The main destination of Excavation Machinery exports from Brazil are: United States ($55M), Chile ($13.8M), Argentina ($7.66M), Singapore ($7.15M), and Bolivia ($5.89M).

The fastest growing export markets for Excavation Machinery of Brazil between 2021 and 2022 were United States ($13.6M), Singapore ($6.91M), and Norway ($4.4M).

Imports In 2022, Brazil imported $1.62B in Excavation Machinery, becoming the 11th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 31st most imported product in Brazil. Brazil imports Excavation Machinery primarily from: China ($678M), United States ($271M), South Korea ($90.2M), Japan ($74.8M), and Italy ($74.4M).

The fastest growing import markets in Excavation Machinery for Brazil between 2021 and 2022 were China ($194M), United States ($65.2M), and Japan ($12.9M).

COMPANIES In 2023, leading companies such as SCHINDLER ELEVATOR CORPORATION (28) and CNH INDUSTRIAL AMERICA LLC (20) were at the forefront of shipping Excavation Machinery from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Excavation Machinery exports accounted up to $10.3M and imports accounted up to $81.8M, resulting in a negative trade balance of $71.5M. Between February 2023 and February 2024 the exports of Brazil's Excavation Machinery have decreased by $-149k (-1.43%) from $10.4M to $10.3M, while imports decreased by $-3.98M (-4.64%) from $85.7M to $81.8M.

Destinations In February 2024, Excavation Machinery were exported mostly to United States ($5.47M), Argentina ($856k), Chile ($438k), Republic of the Congo ($411k), and Mexico ($384k), and were imported mostly from China ($27.4M), United States ($20.3M), Italy ($6.04M), India ($3.66M), and Sweden ($3.16M).

Growth In February 2024, the decrease in Excavation Machinery's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-293k or -99.3%), Ecuador ($-121k or -87.9%), and France ($-109k or -61.2%). In February 2024, the decrease in Excavation Machinery's year-by-year imports was explained primarily by a decrease in imports from China ($-46.6M or -65.8%), United Kingdom ($-3.21M or -47.2%), and South Korea ($-2M or -31.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-149k(-1.43%)

IMPORT GROWTH (February 2023 - February 2024)$-3.98M(-4.64%)

MAIN EXPORTER (February 2024)São Paulo$5.92M

MAIN DESTINATION (February 2024)United States$5.47M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$148M

IMPORTS (2022)$1.62B

NET TRADE (2022)-$1.47B

In 2022, Brazil exported $148M in Excavation Machinery. The main destinations of Brazil exports on Excavation Machinery were United States ($55M), Chile ($13.8M), Argentina ($7.66M), Singapore ($7.15M), and Bolivia ($5.89M).

In 2022, Brazil imported $1.62B in Excavation Machinery, mainly from China ($678M), United States ($271M), South Korea ($90.2M), Japan ($74.8M), and Italy ($74.4M).

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