Hot-Rolled Iron Bars in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $387M in Hot-Rolled Iron Bars, making it the 18th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 83rd most exported product in Brazil. The main destination of Hot-Rolled Iron Bars exports from Brazil are: United States ($126M), Dominican Republic ($67.4M), Peru ($50.4M), Argentina ($23.6M), and Chile ($22.7M).

The fastest growing export markets for Hot-Rolled Iron Bars of Brazil between 2021 and 2022 were Dominican Republic ($50.5M), Peru ($38.8M), and United States ($27.2M).

Imports In 2022, Brazil imported $120M in Hot-Rolled Iron Bars, becoming the 42nd largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 293rd most imported product in Brazil. Brazil imports Hot-Rolled Iron Bars primarily from: China ($38.4M), Egypt ($28.6M), Turkey ($17.6M), Germany ($16.6M), and Malaysia ($9.13M).

The fastest growing import markets in Hot-Rolled Iron Bars for Brazil between 2021 and 2022 were China ($30.2M), Germany ($8.09M), and Malaysia ($7.55M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Hot-Rolled Iron Bars from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Hot-Rolled Iron Bars exports accounted up to $10.8M and imports accounted up to $3.07M, resulting in a positive trade balance of $7.74M. Between February 2023 and February 2024 the exports of Brazil's Hot-Rolled Iron Bars have decreased by $-7.55M (-41.1%) from $18.4M to $10.8M, while imports decreased by $-4.03M (-56.8%) from $7.1M to $3.07M.

Destinations In February 2024, Hot-Rolled Iron Bars were exported mostly to United States ($6.21M), Dominican Republic ($2.44M), Canada ($634k), Paraguay ($599k), and Bolivia ($446k), and were imported mostly from China ($1.77M), Germany ($1.17M), and Russia ($128k).

Growth In February 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Bolivia ($-1.75M or -76.8%) and Colombia ($-443k or -37.3%). In February 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.03M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-7.55M(-41.1%)

IMPORT GROWTH (February 2023 - February 2024)$-4.03M(-56.8%)

MAIN EXPORTER (February 2024)Minas Gerais$12.7M

MAIN DESTINATION (February 2024)United States$6.21M

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$387M

IMPORTS (2022)$120M

NET TRADE (2022)$268M

In 2022, Brazil exported $387M in Hot-Rolled Iron Bars. The main destinations of Brazil exports on Hot-Rolled Iron Bars were United States ($126M), Dominican Republic ($67.4M), Peru ($50.4M), Argentina ($23.6M), and Chile ($22.7M).

In 2022, Brazil imported $120M in Hot-Rolled Iron Bars, mainly from China ($38.4M), Egypt ($28.6M), Turkey ($17.6M), Germany ($16.6M), and Malaysia ($9.13M).

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