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2023
Exports $514MWorld Rnk 44 / 223
Flag Rnk 69 / 1207
2023
Destination $11.6M Argentina
2022 - 2023
FASTEST GROWING MARKET $11.6MArgentina
2023
PRODUCT COMPLEXITY IN Insulated Wire-0.48Rnk 691 / 1025
2023
Imports $1.31BWorld Rnk 30 / 225
Flag Rnk 36 / 1200
2023
Origin $29.8M China
2022 - 2023
FASTEST GROWING ORIGIN $29.8MParaguay
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $514M in Insulated Wire, making it the 44th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 69th most exported product in Brazil. The main destination of Insulated Wire exports from Brazil are: Argentina ($172M), Paraguay ($95.2M), United States ($51.4M), Bolivia ($36.5M), and Mexico ($30.5M).

The fastest growing export markets for Insulated Wire of Brazil between 2022 and 2023 were Argentina ($11.6M), Mexico ($4.19M), and Ecuador ($3.78M).

Imports In 2023, Brazil imported $1.31B in Insulated Wire, becoming the 30th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 36th most imported product in Brazil. Brazil imports Insulated Wire primarily from: China ($423M), Paraguay ($226M), United States ($140M), Mexico ($71.9M), and Germany ($61.2M).

The fastest growing import markets in Insulated Wire for Brazil between 2022 and 2023 were Paraguay ($29.8M), United States ($19.1M), and India ($15.1M).

COMPANIES In 2024, leading companies such as Goodyear Tire and Rubber (2) were at the forefront of shipping Insulated Wire from Brazil to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Insulated Wire exports accounted up to $46.5M and imports accounted up to $108M, resulting in a negative trade balance of $61.5M. Between December 2023 and December 2024 the exports of Brazil's   Insulated Wire have increased by $12.9M (38.5%) from $33.5M to $46.5M, while imports increased by $3.24M (3.09%) from $105M to $108M.

Destinations In December 2024, Insulated Wire were exported mostly to Argentina ($13.7M), Paraguay ($10.8M), United States ($4.78M), Bolivia ($3.49M), and Mexico ($2.94M), and were imported mostly from China ($37.1M), Paraguay ($19.3M), United States ($9.33M), Mexico ($8.23M), and Germany ($3.19M).

Growth In December 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.45M or 57.1%), Paraguay ($1.31M or 24.8%), and Singapore ($833k or 13k%). In December 2024, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from China ($4.93M or 14.5%), Mexico ($2.72M or 50.2%), and Paraguay ($1.83M or 12.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$12.9M(38.5%)
IMPORT GROWTH (December 2023 - December 2024)$3.24M(3.09%)
MAIN EXPORTER (December 2024)São Paulo$31M
MAIN DESTINATION (December 2024)Argentina$13.7M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$514M
IMPORTS (2023)$1.31B
NET TRADE (2023)-$799M

In 2023, Brazil exported $514M in Insulated Wire. The main destinations of Brazil exports on Insulated Wire were Argentina ($172M), Paraguay ($95.2M), United States ($51.4M), Bolivia ($36.5M), and Mexico ($30.5M).

In 2023, Brazil imported $1.31B in Insulated Wire, mainly from China ($423M), Paraguay ($226M), United States ($140M), Mexico ($71.9M), and Germany ($61.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Argentina$11.6M (7.24%)
Mexico$4.19M (16%)
Ecuador$3.78M (49.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Brazil WERE (2022 - 2023):
Chile-$12.2M (-32%)
Colombia-$9.78M (-25.7%)
Bolivia-$6.11M (-14.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Insulated Wire were:
China $30.3B
Mexico $17.9B
United States $10.1B
In 2023, Brazil's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.2B
Japan $8.89B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $64.3M
TOP IMPORT POTENTIALChina+ $107M

Insulated Wire’s highest export potential is United States. With an export gap of $64.3M.   Insulated Wire’s highest import potential is China with an import gap of $107M.

See methodology.

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