[2024-03-27] Brazil buys more Chinese and Japanese auto parts

Source: Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao)

In the wake of the surge in Chinese vehicles on the Brazilian market, imports of auto parts from the Asian country have also accelerated at the start of the year. A balance sheet published by Sindipeças shows purchases of almost US$ 560 million from China in the first two months of the year, an increase of 18.3% on the R$ 472.8 million in the same period in 2023.

China accounts for 18.3% of all auto parts shipped to Brazil, followed by the United States, with 11%. In this case, the year-on-year increase was just 2%, from US$ 324.5 million to US$ 331 million.

Purchases from Japan also grew, from US$ 228.8 million to US$ 297 million, an increase of a significant 29.8%. Imports from Germany and Mexico fell by 12.3% and 8.4% respectively.

In total, imports amounted to US$ 3 billion in the first two months of the year, a positive variation of 3.4% compared to the same period last year (US$ 2.9 billion). As exports fell, the trade deficit grew by 17.8% in the same comparison, to US$ 1.9 billion.