Overview In February 2024 Brazil's Cars exports accounted up to $318M and imports accounted up to $422M, resulting in a negative trade balance of $104M. Between February 2023 and February 2024 the exports of Brazil's Cars have decreased by $-34.4M (-9.75%) from $353M to $318M, while imports increased by $119M (39.4%) from $303M to $422M.
Destinations In February 2024, Cars were exported mostly to Argentina ($129M), Mexico ($75.1M), Colombia ($40.1M), Uruguay ($16.9M), and Chile ($16.4M), and were imported mostly from China ($187M), Germany ($51.3M), Mexico ($50.8M), Argentina ($31.7M), and Slovakia ($13.5M).
Growth In February 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Chile ($-11.1M or -25%), Paraguay ($-4.06M or -39.4%), and Uruguay ($-2.98M or -13.5%). In February 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from China ($36.4M or 546%), Mexico ($24.9M or 183%), and Germany ($14.5M or 83.1%).