Iron Ore in Brazil 2020 Exports | Imports : $26.5B | $28.3M, World Rnk 2 / 115 Rnk 2 / 1202 | World Rnk 47 / 124 Rnk 502 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $4.99B | $14.4M, China | Russia
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Iron Ore: -1.76, Rnk 986 / 1029
Exports In 2020, Brazil exported $26.5B in Iron Ore, making it the 2nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 2nd most exported product in Brazil. The main destination of Iron Ore exports from Brazil are: China ($18.6B), Malaysia ($1.75B), Japan ($892M), Oman ($580M), and Netherlands ($574M).
The fastest growing export markets for Iron Ore of Brazil between 2019 and 2020 were China ($4.99B), Vietnam ($358M), and Turkey ($77.3M).
Imports In 2020, Brazil imported $28.3M in Iron Ore, becoming the 47th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 502nd most imported product in Brazil. Brazil imports Iron Ore primarily from: Russia ($14.4M), India ($13.2M), United States ($490k), Bolivia ($121k), and China ($50.7k).
The fastest growing import markets in Iron Ore for Brazil between 2019 and 2020 were Russia ($14.4M), India ($13.2M), and United States ($479k).
Tariffs In 2017, the average tariff for Brazil in Iron Ore was 1.92%. The countries with the highest import tariffs for Iron Ore were Angola (Most Favoured Nation duty rate treatement, 2%), Burundi (Most Favoured Nation duty rate treatement, 2%), Benin (Most Favoured Nation duty rate treatement, 2%), Burkina Faso (Most Favoured Nation duty rate treatement, 2%), and Botswana (Most Favoured Nation duty rate treatement, 2%).
December 2022
Overview In December 2022 Brazil's Iron Ore exports accounted up to $2.07B and imports accounted up to $18.6k, resulting in a positive trade balance of $2.07B. Between December 2021 and December 2022 the exports of Brazil's Iron Ore have decreased by $-336M (-14%) from $2.4B to $2.07B, while imports increased by $13.6k (270%) from $5.04k to $18.6k.
Destinations In December 2022, Iron Ore were exported mostly to China ($1.34B), South Korea ($109M), Bahrain ($94.9M), Egypt ($63.4M), and Japan ($56.2M), and were imported mostly from Bolivia ($12k) and Netherlands ($6.63k).
Growth In December 2022, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to China ($-762M or -40.7%), Malaysia ($-149M or -57.5%), and United States ($-32.8M or -100%). In December 2022, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from India ($525k or 6.28%).
EXPORT GROWTH (December 2021 - December 2022): $-336M, (-14%)
IMPORT GROWTH (December 2021 - December 2022): $13.6k, (270%)
MAIN EXPORTER (December 2022): Pará, $915M
MAIN DESTINATION (December 2022): China, $1.34B
This section shows Iron Ore'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 Iron Ore over time.
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EXPORTS (2020): $26.5B
IMPORTS (2020): $28.3M
NET TRADE (2020): $26.4B
In 2020, Brazil exported $26.5B in Iron Ore. The main destinations of Brazil exports on Iron Ore were China ($18.6B), Malaysia ($1.75B), Japan ($892M), Oman ($580M), and Netherlands ($574M).
In 2020, Brazil imported $28.3M in Iron Ore, mainly from Russia ($14.4M), India ($13.2M), United States ($490k), Bolivia ($121k), and China ($50.7k).
In 2020, Brazil's main exporting competitors in Iron Ore were:
In 2020, Brazil's main importing competitors in Iron Ore were:
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