Brazil’s electric vehicle market saw significant growth in 2024, with sales surging 89% year-over-year to 177,538 units. This spike in demand drove EV imports to a record-high $1.6 billion, a 107.7% increase from the previous year, according to data from the Ministry of Development, Industry, Trade, and Services. Foreign trade expert Rogério Marin expects the …
The volume of Brazilian imports of durable consumer goods jumped 53.4% between January and November 2024 compared to the same period in 2023. According to the Foreign Trade Indicator (Icomex) report released this Tuesday (17) by the Brazilian Institute of Economics at the Getulio Vargas Foundation (Ibre/FGV), the main driver of this growth was the …
Vehicle imports in Brazil recorded an impressive 141% growth in 2024 compared to the previous year, according to data released by the Brazilian Association of Importing and Manufacturing Companies of Motor Vehicles (Abeifa) on Tuesday (January 21). With 104,729 vehicles imported, Brazil achieved its best result in a decade, surpassing the 93,685 cars imported in …