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2022
Exports $148MWorld Rnk 41 / 221
Flag Rnk 183 / 1206
2022
Destination $13.6M United States
2021 - 2022
FASTEST GROWING MARKET $13.6MUnited States
2022
PRODUCT COMPLEXITY IN Excavation Machinery0.96Rnk 185 / 1025
2022
Imports $1.62BWorld Rnk 11 / 224
Flag Rnk 31 / 1198
2022
Origin $194M China
2021 - 2022
FASTEST GROWING ORIGIN $194MChina
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

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 CNH Industrial (6) and Schindler Elevators (4) were at the forefront of shipping Excavation Machinery from Brazil to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Brazil's Excavation Machinery exports accounted up to $25.7M and imports accounted up to $91.6M, resulting in a negative trade balance of $65.9M. Between November 2023 and November 2024 the exports of Brazil's   Excavation Machinery have increased by $14.7M (133%) from $11.1M to $25.7M, while imports increased by $11.7M (14.6%) from $79.9M to $91.6M.

Destinations In November 2024, Excavation Machinery were exported mostly to United Arab Emirates ($13.6M), United States ($5.74M), South Africa ($1.03M), Chile ($920k), and Argentina ($867k), and were imported mostly from China ($35.4M), United States ($13.4M), Italy ($7.93M), Germany ($5.74M), and India ($4M).

Growth In November 2024, the increase in Excavation Machinery's year-by-year exports was explained primarily by an increase in exports to United States ($3.8M or 186%), Chile ($1.68M or 202%), and Peru ($507k or 154%). In November 2024, the increase in Excavation Machinery's year-by-year imports was explained primarily by an increase in imports from India ($2.11M or 129%), Spain ($1.67M or 114%), and Italy ($1.58M or 20.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$14.7M(133%)
IMPORT GROWTH (November 2023 - November 2024)$11.7M(14.6%)
MAIN EXPORTER (November 2024)São Paulo$35M
MAIN DESTINATION (November 2024)United Arab Emirates$13.6M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
United States$13.6M (32.7%)
Singapore$6.91M (2.83k%)
Norway$4.4M (326%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Brazil WERE (2021 - 2022):
Trinidad and Tobago-$7.87M (-98.1%)
Germany-$1.8M (-57.1%)
South Africa-$1.35M (-47.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Excavation Machinery were:
China $15.1B
United States $6.47B
Germany $5.45B
In 2022, Brazil's main importing competitors in Excavation Machinery were:
United States $11.6B
Germany $5.17B
Canada $3.26B

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.6M
TOP IMPORT POTENTIALChina+ $38.6M

Excavation Machinery’s highest export potential is United States. With an export gap of $33.6M.   Excavation Machinery’s highest import potential is China with an import gap of $38.6M.

See methodology.

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