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2023
Exports $8.07MWorld Rnk 29 / 196
Flag Rnk 639 / 1207
2023
Destination $432k Paraguay
2022 - 2023
FASTEST GROWING MARKET $432kParaguay
2023
PRODUCT COMPLEXITY IN Wrenches1.5Rnk 44 / 1025
2023
Imports $51.4MWorld Rnk 16 / 221
Flag Rnk 444 / 1200
2023
Origin $988k China
2022 - 2023
FASTEST GROWING ORIGIN $988kChinese Taipei
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $8.07M in Wrenches, making it the 29th largest exporter of Wrenches in the world. At the same year, Wrenches was the 639th most exported product in Brazil. The main destination of Wrenches exports from Brazil are: Paraguay ($2.31M), Bolivia ($1.97M), Argentina ($986k), Peru ($469k), and Chile ($418k).

The fastest growing export markets for Wrenches of Brazil between 2022 and 2023 were Paraguay ($432k), Argentina ($301k), and Chile ($145k).

Imports In 2023, Brazil imported $51.4M in Wrenches, becoming the 16th largest importer of Wrenches in the world. At the same year, Wrenches was the 444th most imported product in Brazil. Brazil imports Wrenches primarily from: China ($25.8M), India ($8.93M), Chinese Taipei ($8.85M), United States ($2.14M), and Germany ($1.51M).

The fastest growing import markets in Wrenches for Brazil between 2022 and 2023 were Chinese Taipei ($988k), United States ($188k), and United Kingdom ($110k).

COMPANIES In 2024, leading companies such as Volkswagen (14), Schaeffler Group (5), and Robert Bosch (2) were at the forefront of shipping Wrenches from Brazil to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Wrenches exports accounted up to $765k and imports accounted up to $5.56M, resulting in a negative trade balance of $4.79M. Between December 2023 and December 2024 the exports of Brazil's   Wrenches have increased by $136k (21.6%) from $630k to $765k, while imports increased by $2.2M (65.6%) from $3.36M to $5.56M.

Destinations In December 2024, Wrenches were exported mostly to Argentina ($198k), Paraguay ($174k), Peru ($134k), Uruguay ($48.8k), and Guatemala ($38.6k), and were imported mostly from China ($2.28M), India ($1.27M), Sweden ($842k), Chinese Taipei ($588k), and Germany ($169k).

Growth In December 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to Bolivia ($186k or 7.28k%), Paraguay ($78.9k or 69.8%), and Chile ($32k or 163%). In December 2024, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($487k or 110%), China ($246k or 8.33%), and United States ($144k or 105%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$136k(21.6%)
IMPORT GROWTH (December 2023 - December 2024)$2.2M(65.6%)
MAIN EXPORTER (December 2024)Rio Grande Do Sul$751k
MAIN DESTINATION (December 2024)Argentina$198k

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.07M
IMPORTS (2023)$51.4M
NET TRADE (2023)-$43.3M

In 2023, Brazil exported $8.07M in Wrenches. The main destinations of Brazil exports on Wrenches were Paraguay ($2.31M), Bolivia ($1.97M), Argentina ($986k), Peru ($469k), and Chile ($418k).

In 2023, Brazil imported $51.4M in Wrenches, mainly from China ($25.8M), India ($8.93M), Chinese Taipei ($8.85M), United States ($2.14M), and Germany ($1.51M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Paraguay$432k (23%)
Argentina$301k (43.9%)
Chile$145k (52.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Brazil WERE (2022 - 2023):
Bolivia-$410k (-17.2%)
South Africa-$215k (-54.1%)
Germany-$99.3k (-51.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Wrenches were:
China $1.21B
Chinese Taipei $1.01B
Germany $332M
In 2023, Brazil's main importing competitors in Wrenches were:
United States $778M
Germany $289M
France $156M

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALArgentina+ $326k
TOP IMPORT POTENTIALGermany+ $1.35M

Wrenches’s highest export potential is Argentina. With an export gap of $326k.   Wrenches’s highest import potential is Germany with an import gap of $1.35M.

See methodology.

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