Semi-Finished Iron in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $3.42B in Semi-Finished Iron, making it the 3rd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 17th most exported product in Brazil. The main destination of Semi-Finished Iron exports from Brazil are: United States ($1.45B), Mexico ($605M), Canada ($254M), Argentina ($196M), and Dominican Republic ($195M).

The fastest growing export markets for Semi-Finished Iron of Brazil between 2021 and 2022 were Mexico ($173M), Dominican Republic ($166M), and Italy ($69.6M).

Imports In 2022, Brazil imported $134M in Semi-Finished Iron, becoming the 40th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 278th most imported product in Brazil. Brazil imports Semi-Finished Iron primarily from: China ($43.6M), Germany ($42.8M), Russia ($20.3M), Vietnam ($13.2M), and Mexico ($8.39M).

The fastest growing import markets in Semi-Finished Iron for Brazil between 2021 and 2022 were China ($41.3M), Germany ($30.6M), and Oman ($3.49M).

Latest Trends

March 2024

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Overview In March 2024 Brazil's Semi-Finished Iron exports accounted up to $382M and imports accounted up to $46.6M, resulting in a positive trade balance of $336M. Between March 2023 and March 2024 the exports of Brazil's Semi-Finished Iron have decreased by $-59.9M (-13.5%) from $442M to $382M, while imports increased by $39.3M (540%) from $7.28M to $46.6M.

Destinations In March 2024, Semi-Finished Iron were exported mostly to United States ($246M), Spain ($26.3M), Mexico ($25M), Canada ($22.2M), and Germany ($18.9M), and were imported mostly from Vietnam ($29.1M), Japan ($13.1M), Germany ($3.85M), China ($436k), and United States ($5.08k).

Growth In March 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Argentina ($-37.8M or -88.5%), Turkey ($-31.9M or -99.8%), and Mexico ($-23M or -67.6%). In March 2024, the increase in Semi-Finished Iron's year-by-year imports was explained primarily by an increase in imports from Germany ($3.24M or 680k%) and China ($284k or 603%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-59.9M(-13.5%)

IMPORT GROWTH (March 2023 - March 2024)$39.3M(540%)

MAIN EXPORTER (March 2024)Rio De Janeiro$194M

MAIN DESTINATION (March 2024)United States$246M

This section shows Semi-Finished Iron'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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.42B

IMPORTS (2022)$134M

NET TRADE (2022)$3.28B

In 2022, Brazil exported $3.42B in Semi-Finished Iron. The main destinations of Brazil exports on Semi-Finished Iron were United States ($1.45B), Mexico ($605M), Canada ($254M), Argentina ($196M), and Dominican Republic ($195M).

In 2022, Brazil imported $134M in Semi-Finished Iron, mainly from China ($43.6M), Germany ($42.8M), Russia ($20.3M), Vietnam ($13.2M), and Mexico ($8.39M).

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