Motor-working Tools in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $193M in Motor-working Tools, making it the 7th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 141st most exported product in Brazil. The main destination of Motor-working Tools exports from Brazil are: Colombia ($31.7M), Mexico ($19.4M), Argentina ($11.6M), South Africa ($10.2M), and India ($10.2M).

The fastest growing export markets for Motor-working Tools of Brazil between 2021 and 2022 were Colombia ($7.86M), Argentina ($3.8M), and Mexico ($3.51M).

Imports In 2022, Brazil imported $180M in Motor-working Tools, becoming the 17th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 232nd most imported product in Brazil. Brazil imports Motor-working Tools primarily from: China ($104M), United States ($19M), Germany ($16.5M), Canada ($5.58M), and Sweden ($5.43M).

The fastest growing import markets in Motor-working Tools for Brazil between 2021 and 2022 were Hong Kong ($3.02M), United States ($2.91M), and Germany ($1.21M).

COMPANIES In 2023, leading companies such as APEX TOOL GROUP, LLC. (448) were at the forefront of shipping Motor-working Tools from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Motor-working Tools exports accounted up to $15M and imports accounted up to $36.3M, resulting in a negative trade balance of $21.4M. Between February 2023 and February 2024 the exports of Brazil's Motor-working Tools have decreased by $-2.32M (-13.4%) from $17.3M to $15M, while imports increased by $12.5M (52.1%) from $23.9M to $36.3M.

Destinations In February 2024, Motor-working Tools were exported mostly to Colombia ($2.72M), Mexico ($1.74M), Peru ($1.43M), India ($1.13M), and Paraguay ($830k), and were imported mostly from China ($25.1M), Canada ($1.79M), United States ($1.75M), Germany ($1.75M), and Malaysia ($881k).

Growth In February 2024, the decrease in Motor-working Tools's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-698k or -82.1%), Chile ($-672k or -71.3%), and Argentina ($-654k or -35.8%). In February 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from Malaysia ($2.04M or 5.49k%), Germany ($788k or 40.8%), and United States ($602k or 93.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.32M(-13.4%)

IMPORT GROWTH (February 2023 - February 2024)$12.5M(52.1%)

MAIN EXPORTER (February 2024)Rio Grande Do Sul$9.87M

MAIN DESTINATION (February 2024)Colombia$2.72M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$193M

IMPORTS (2022)$180M

NET TRADE (2022)$12.7M

In 2022, Brazil exported $193M in Motor-working Tools. The main destinations of Brazil exports on Motor-working Tools were Colombia ($31.7M), Mexico ($19.4M), Argentina ($11.6M), South Africa ($10.2M), and India ($10.2M).

In 2022, Brazil imported $180M in Motor-working Tools, mainly from China ($104M), United States ($19M), Germany ($16.5M), Canada ($5.58M), and Sweden ($5.43M).

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