Rubber Belting in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $50.9M in Rubber Belting, making it the 25th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 324th most exported product in Brazil. The main destination of Rubber Belting exports from Brazil are: Argentina ($16.1M), Chile ($10.9M), Paraguay ($5.34M), Mexico ($2.88M), and Colombia ($2.87M).

The fastest growing export markets for Rubber Belting of Brazil between 2021 and 2022 were Chile ($3.83M), Argentina ($3.09M), and Bolivia ($905k).

Imports In 2022, Brazil imported $202M in Rubber Belting, becoming the 5th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 210th most imported product in Brazil. Brazil imports Rubber Belting primarily from: China ($79.1M), United States ($39.4M), Germany ($22.5M), Argentina ($12.6M), and Australia ($10.8M).

The fastest growing import markets in Rubber Belting for Brazil between 2021 and 2022 were China ($28.4M), United States ($11.9M), and Argentina ($8.38M).

COMPANIES In 2023, leading companies such as GENERAL MOTORS LLC (7) and CNH INDUSTRIAL AMERICA LLC (1) were at the forefront of shipping Rubber Belting from Brazil to the United States.

Latest Trends

March 2024

About

Overview In March 2024 Brazil's Rubber Belting exports accounted up to $2.84M and imports accounted up to $16.3M, resulting in a negative trade balance of $13.4M. Between March 2023 and March 2024 the exports of Brazil's Rubber Belting have decreased by $-3.39M (-54.4%) from $6.23M to $2.84M, while imports decreased by $-276k (-1.67%) from $16.5M to $16.3M.

Destinations In March 2024, Rubber Belting were exported mostly to Argentina ($1.03M), Chile ($399k), Paraguay ($399k), Colombia ($184k), and Mexico ($167k), and were imported mostly from China ($6.89M), United States ($2.84M), Germany ($2.41M), Argentina ($1.13M), and Italy ($734k).

Growth In March 2024, the decrease in Rubber Belting's year-by-year exports was explained primarily by a decrease in exports to Argentina ($-675k or -46.5%), Ecuador ($-149k or -55.4%), and Bolivia ($-110k or -41.1%). In March 2024, the decrease in Rubber Belting's year-by-year imports was explained primarily by a decrease in imports from Germany ($-448k or -30.8%), Switzerland ($-203k or -79.5%), and India ($-93.1k or -33.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-3.39M(-54.4%)

IMPORT GROWTH (March 2023 - March 2024)$-276k(-1.67%)

MAIN EXPORTER (March 2024)São Paulo$2.92M

MAIN DESTINATION (March 2024)Argentina$1.03M

This section shows Rubber Belting'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 Rubber Belting over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$50.9M

IMPORTS (2022)$202M

NET TRADE (2022)-$151M

In 2022, Brazil exported $50.9M in Rubber Belting. The main destinations of Brazil exports on Rubber Belting were Argentina ($16.1M), Chile ($10.9M), Paraguay ($5.34M), Mexico ($2.88M), and Colombia ($2.87M).

In 2022, Brazil imported $202M in Rubber Belting, mainly from China ($79.1M), United States ($39.4M), Germany ($22.5M), Argentina ($12.6M), and Australia ($10.8M).

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