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2022
Exports $93.3MWorld Rnk 18 / 165
Flag Rnk 244 / 1206
2022
Destination $19.1M United States
2021 - 2022
FASTEST GROWING MARKET $19.1MUnited States
2022
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 53 / 1025
2022
Imports $166MWorld Rnk 16 / 211
Flag Rnk 245 / 1198
2022
Origin $9.44M China
2021 - 2022
FASTEST GROWING ORIGIN $9.44MGermany
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $93.3M in Forging Machines, making it the 18th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 244th most exported product in Brazil. The main destination of Forging Machines exports from Brazil are: United States ($35.2M), China ($17.1M), Thailand ($10M), Canada ($5.92M), and Mexico ($5.8M).

The fastest growing export markets for Forging Machines of Brazil between 2021 and 2022 were United States ($19.1M), Thailand ($10M), and China ($9.53M).

Imports In 2022, Brazil imported $166M in Forging Machines, becoming the 16th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 245th most imported product in Brazil. Brazil imports Forging Machines primarily from: China ($38M), Italy ($25.8M), United Kingdom ($24.2M), United States ($23.3M), and Germany ($17.7M).

The fastest growing import markets in Forging Machines for Brazil between 2021 and 2022 were Germany ($9.44M), China ($9.26M), and Austria ($3.56M).

COMPANIES In 2023, leading companies such as CMPC (4), Loblaws Supermarkets (3), and General Motors (1) were at the forefront of shipping Forging Machines from Brazil to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Brazil's Forging Machines exports accounted up to $425k and imports accounted up to $16.4M, resulting in a negative trade balance of $15.9M. Between September 2023 and September 2024 the exports of Brazil's   Forging Machines have decreased by $-1.49M (-77.8%) from $1.92M to $425k, while imports increased by $3.18M (24.2%) from $13.2M to $16.4M.

Destinations In September 2024, Forging Machines were exported mostly to Colombia ($194k), Angola ($146k), Paraguay ($76.1k), Uruguay ($4.52k), and United Arab Emirates ($3.06k), and were imported mostly from China ($5.66M), Germany ($2.87M), Austria ($2.72M), Italy ($2.29M), and Japan ($1.32M).

Growth In September 2024, the decrease in Forging Machines's year-by-year exports was explained primarily by a decrease in exports to United States ($-2.78k or -51.6%) and Bolivia ($-1k or -26.4%). In September 2024, the increase in Forging Machines's year-by-year imports was explained primarily by an increase in imports from United States ($2.42M or 87.6%), China ($1.31M or 45.7%), and Italy ($769k or 25.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-1.49M(-77.8%)
IMPORT GROWTH (September 2023 - September 2024)$3.18M(24.2%)
MAIN EXPORTER (September 2024)São Paulo$21.8M
MAIN DESTINATION (September 2024)Colombia$194k

This section shows Forging Machines'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 Forging Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$93.3M
IMPORTS (2022)$166M
NET TRADE (2022)-$72.8M

In 2022, Brazil exported $93.3M in Forging Machines. The main destinations of Brazil exports on Forging Machines were United States ($35.2M), China ($17.1M), Thailand ($10M), Canada ($5.92M), and Mexico ($5.8M).

In 2022, Brazil imported $166M in Forging Machines, mainly from China ($38M), Italy ($25.8M), United Kingdom ($24.2M), United States ($23.3M), and Germany ($17.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
United States$19.1M (118%)
Thailand$10M (1%)
China$9.53M (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Brazil WERE (2021 - 2022):
Argentina-$7.2M (-88.9%)
Hungary-$6.16M (-100%)
Spain-$4.18M (-99.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Brazil's main importing competitors in Forging Machines were:
United States $1.33B
China $825M
Mexico $547M

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.19M
TOP IMPORT POTENTIALChina+ $9.16M

Forging Machines’s highest export potential is United States. With an export gap of $7.19M.   Forging Machines’s highest import potential is China with an import gap of $9.16M.

See methodology.

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