Hot-Rolled Iron Bars in Brazil 2021 Exports | Imports : $212M | $189M, World Rnk 27 / 121 Rnk 113 / 1202 | World Rnk 31 / 210 Rnk 206 / 1196
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $31.5M | $81.7M, United States | Turkey
2021 ECONOMIC COMPLEXITY of Brazil: 0.33, Rnk 49 / 131
2021 PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars: -0.34, Rnk 661 / 1024
Exports In 2021, Brazil exported $212M in Hot-Rolled Iron Bars, making it the 27th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 113th most exported product in Brazil. The main destination of Hot-Rolled Iron Bars exports from Brazil are: United States ($98.5M), Argentina ($26.3M), Colombia ($22M), Dominican Republic ($16.9M), and Peru ($11.6M).
The fastest growing export markets for Hot-Rolled Iron Bars of Brazil between 2020 and 2021 were United States ($31.5M), Argentina ($16.6M), and Bolivia ($5.89M).
Imports In 2021, Brazil imported $189M in Hot-Rolled Iron Bars, becoming the 31st largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 206th most imported product in Brazil. Brazil imports Hot-Rolled Iron Bars primarily from: Turkey ($91.2M), Egypt ($54.3M), Ukraine ($18.5M), Germany ($8.49M), and China ($8.26M).
The fastest growing import markets in Hot-Rolled Iron Bars for Brazil between 2020 and 2021 were Turkey ($81.7M), Egypt ($54.3M), and Ukraine ($18.5M).
June 2023
Overview In June 2023 Brazil's Hot-Rolled Iron Bars exports accounted up to $29.7M and imports accounted up to $11M, resulting in a positive trade balance of $18.7M. Between June 2022 and June 2023 the exports of Brazil's Hot-Rolled Iron Bars have decreased by $-31.5M (-51.5%) from $61.2M to $29.7M, while imports increased by $9.11M (485%) from $1.88M to $11M.
Destinations In June 2023, Hot-Rolled Iron Bars were exported mostly to Argentina ($7.86M), United States ($7.14M), Jamaica ($4.22M), Colombia ($2.66M), and Peru ($2.63M), and were imported mostly from China ($4.61M), Russia ($4.56M), Germany ($1.31M), Spain ($318k), and Argentina ($170k).
Growth In June 2023, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-2.22M or -65.1%) and Peru ($-88.8k or -9.9%). In June 2023, the increase in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by an increase in imports from Germany ($582k or 131%).
EXPORT GROWTH (June 2022 - June 2023): $-31.5M, (-51.5%)
IMPORT GROWTH (June 2022 - June 2023): $9.11M, (485%)
MAIN EXPORTER (June 2023): Minas Gerais, $18.5M
MAIN DESTINATION (June 2023): Argentina, $7.86M
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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EXPORTS (2021): $212M
IMPORTS (2021): $189M
NET TRADE (2021): $23.3M
In 2021, Brazil exported $212M in Hot-Rolled Iron Bars. The main destinations of Brazil exports on Hot-Rolled Iron Bars were United States ($98.5M), Argentina ($26.3M), Colombia ($22M), Dominican Republic ($16.9M), and Peru ($11.6M).
In 2021, Brazil imported $189M in Hot-Rolled Iron Bars, mainly from Turkey ($91.2M), Egypt ($54.3M), Ukraine ($18.5M), Germany ($8.49M), and China ($8.26M).
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Brazil WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Brazil WERE (2020 - 2021):
In 2021, Brazil's main exporting competitors in Hot-Rolled Iron Bars were:
In 2021, Brazil's main importing competitors in Hot-Rolled Iron Bars were:
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