Hot-Rolled Iron in Brazil 2018 Exports | Imports : $374M | $59.5M, World Rnk 24 / 143 Rnk 57 / 1202 | World Rnk 75 / 211 Rnk 344 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $38.9M | $8.3M, Portugal | Vietnam
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Hot-Rolled Iron: 0.34, Rnk 432 / 1029
Exports In 2018, Brazil exported $374M in Hot-Rolled Iron, making it the 24th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 57th most exported product in Brazil. The main destination of Hot-Rolled Iron exports from Brazil are: Portugal ($88.2M), Chile ($87M), Ecuador ($33.8M), Colombia ($33.2M), and Turkey ($32.2M).
The fastest growing export markets for Hot-Rolled Iron of Brazil between 2019 and 2020 were Portugal ($38.9M), Mexico ($11.5M), and Chile ($7.72M).
Imports In 2020, Brazil imported $59.5M in Hot-Rolled Iron, becoming the 75th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 344th most imported product in Brazil. Brazil imports Hot-Rolled Iron primarily from: Russia ($29.5M), Vietnam ($8.3M), Ukraine ($5.21M), Austria ($4.2M), and China ($3.8M).
The fastest growing import markets in Hot-Rolled Iron for Brazil between 2019 and 2020 were Vietnam ($8.3M), Russia ($6.13M), and Spain ($447k).
Tariffs In 2017, the average tariff for Brazil in Hot-Rolled Iron was 11%. The countries with the highest import tariffs for Hot-Rolled Iron were Angola (Most Favoured Nation duty rate treatement, 11.5%), Burundi (Most Favoured Nation duty rate treatement, 11.5%), Benin (Most Favoured Nation duty rate treatement, 11.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 11.5%), and Botswana (Most Favoured Nation duty rate treatement, 11.5%).
December 2022
Overview In December 2022 Brazil's Hot-Rolled Iron exports accounted up to $69.9M and imports accounted up to $32.3M, resulting in a positive trade balance of $37.6M. Between December 2021 and December 2022 the exports of Brazil's Hot-Rolled Iron have decreased by $-53.5M (-43.4%) from $123M to $69.9M, while imports increased by $5.56M (20.8%) from $26.7M to $32.3M.
Destinations In December 2022, Hot-Rolled Iron were exported mostly to Portugal ($29.4M), Argentina ($19.7M), Colombia ($6.65M), Chile ($5.72M), and Pakistan ($3.67M), and were imported mostly from China ($14.7M), Austria ($13.5M), South Korea ($2.48M), Germany ($1.07M), and Italy ($212k).
Growth In December 2022, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Colombia ($-2.39M or -99.9%), Mexico ($-139k or -99.4%), and Costa Rica ($-911 or -55.1%). In December 2022, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($1.62M or 292%), Austria ($892k or 43.5k%), and Germany ($866k or 229%).
EXPORT GROWTH (December 2021 - December 2022): $-53.5M, (-43.4%)
IMPORT GROWTH (December 2021 - December 2022): $5.56M, (20.8%)
MAIN EXPORTER (December 2022): Rio De Janeiro, $29.5M
MAIN DESTINATION (December 2022): Portugal, $29.4M
This section shows Hot-Rolled 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 Hot-Rolled Iron over time.
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EXPORTS (2020): $374M
IMPORTS (2020): $59.5M
NET TRADE (2020): $314M
In 2020, Brazil exported $374M in Hot-Rolled Iron. The main destinations of Brazil exports on Hot-Rolled Iron were Portugal ($88.2M), Chile ($87M), Ecuador ($33.8M), Colombia ($33.2M), and Turkey ($32.2M).
In 2020, Brazil imported $59.5M in Hot-Rolled Iron, mainly from Russia ($29.5M), Vietnam ($8.3M), Ukraine ($5.21M), Austria ($4.2M), and China ($3.8M).
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Hot-Rolled Iron were:
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