Insights for Brazil

MoM insights: In the month-on-month analysis, imports from Mexico saw the highest increase with a trade value of 729.75M, reflecting a significant growth of 34.8%. Chile followed with an increase of 444.63M, marking a 32.9% rise. The United Arab Emirates also showed a strong performance with a 101.31M increase, translating to an impressive 89.6% growth. On the lower end, imports from China decreased by 733.74M, a decline of 11.4%. India and France also faced declines of 415.55M and 242.49M respectively, with percentage changes of -39.4% and -31.5%. In exports, the United States led with an increase of 412.32M, a growth of 18.3%. Hungary and Turkey also performed well with increases of 140.34M and 118.91M, reflecting growth rates of 18.6% and 46.5%. Conversely, exports to China saw a significant drop of 884.77M, a decline of 9.7%. Argentina and South Korea also faced declines of 409.32M and 320.56M, with percentage changes of -24.9% and -47.8%. Overall, total imports decreased by 2.34B (9.3%) while exports decreased by 3.07B (9.7%).

YoY insights: In the year-on-year analysis, imports from the United States increased by 788.37M, a growth of 25.9%. Germany followed with an increase of 252.34M, reflecting a 26.7% rise. Mexico also showed a positive trend with a 194.2M increase, translating to a 36.3% growth. On the downside, imports from Russia decreased by 332.06M, a decline of 44.7%. Argentina and Guyana also faced declines of 92.95M and 74.38M respectively, with percentage changes of -7.8% and -99.1%. In exports, China led with a substantial increase of 2.42B, a growth of 41.3%. Hungary and Panama also performed well with increases of 145.24M and 111.64M, reflecting growth rates of 54.9% and 125.9%. However, exports to the United States saw a significant drop of 994.29M, a decline of 27.2%. Netherlands and Spain also faced declines of 373.19M and 304.47M, with percentage changes of -26.8% and -37.1%. Overall, total imports increased by 1.7B (8.1%) while exports increased by 673.4M (2.4%).