Sorocaba

Overview In February 2024 Sorocaba exported $172M and imported $245M, resulting in a negative trade balance of $73M. Between February 2023 and February 2024 the exports of Sorocaba have decreased by $-10.7M (-5.86%) from $183M to $172M, while imports increased by $27M (12.4%) from $218M to $245M.

Trade In February 2024, the top exports of Sorocaba were Cars ($91.1M), Motor vehicles; parts and accessories (8701... ($15.1M), Large Construction Vehicles ($14M), Stone Processing Machines ($8.53M), and Harvesting Machinery ($6.84M). In February 2024 the top imports of Sorocaba were Motor vehicles; parts and accessories (8701... ($29.5M), Nitrogen Heterocyclic Compounds ($12.4M), Telephones ($12.2M), Nucleic Acids ($11.8M), and Industrial Printers ($10.6M).

Destinations In February 2024, Sorocaba exported mostly to Argentina ($57.4M), Colombia ($26.7M), United States ($13.5M), Chile ($10.4M), and Peru ($7.46M), and imported mostly from China ($71.7M), Japan ($32.5M), United States ($19.3M), Germany ($18.4M), and South Korea ($12.2M).

Growth In February 2024, the decrease in Sorocaba's year-by-year exports was explained primarily by an decrease in exports to Russia ($-6.33M or -94.2%), China ($-2.16M or -51.6%), and Venezuela ($-817k or -96.6%), and product exports decrease in Motor vehicles; parts and accessories (8701... ($-2.87M or -21.7%), Electrical Control Boards ($-1.26M or -65.3%), and Telephones ($-782k or -26.2%). In February 2024, the increase in Sorocaba's year-by-year imports was explained primarily by an increase in imports from Japan ($12.5M or 40.3%), India ($7.15M or 53.9%), and Mexico ($5.48M or 90.5%), and product imports increase in Oxygen Heterocyclic Compounds ($11.3M or 753%), Nucleic Acids ($2.7M or 57.2%), and Transmissions ($2.46M or 41.8%).