2021
Exports | Imports
$46.2B | $54.6MWorld Rnk 2 / 130
Flag Rnk 1 / 1202
World Rnk 47 / 129
Flag Rnk 419 / 1196
2021
ECONOMIC COMPLEXITY of Brazil
0.33Rnk 49 / 131
2021
PRODUCT COMPLEXITY IN Iron Ore
-1.83Rnk 982 / 1024

About

Exports In 2021, Brazil exported $46.2B in Iron Ore, making it the 2nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1st most exported product in Brazil. The main destination of Iron Ore exports from Brazil are: China ($28.9B), Malaysia ($2.83B), Japan ($1.91B), Bahrain ($1.79B), and Oman ($1.29B).

The fastest growing export markets for Iron Ore of Brazil between 2020 and 2021 were China ($10.3B), Bahrain ($1.25B), and Malaysia ($1.08B).

Imports In 2021, Brazil imported $54.6M in Iron Ore, becoming the 47th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 419th most imported product in Brazil. Brazil imports Iron Ore primarily from: India ($37.1M), United States ($17.3M), United Kingdom ($64.2k), Bolivia ($34.5k), and China ($16.6k).

The fastest growing import markets in Iron Ore for Brazil between 2020 and 2021 were India ($23.6M), United States ($16.8M), and United Kingdom ($62.9k).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$1.44B(69.5%)
IMPORT GROWTH (December 2022 - December 2023)$132k(711%)
MAIN EXPORTER (December 2023)Pará$1.63B
MAIN DESTINATION (December 2023)China$2.44B

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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Historical Data

Trade Balance

Color
EXPORTS (2021)$46.2B
IMPORTS (2021)$54.6M
NET TRADE (2021)$46.2B

In 2021, Brazil exported $46.2B in Iron Ore. The main destinations of Brazil exports on Iron Ore were China ($28.9B), Malaysia ($2.83B), Japan ($1.91B), Bahrain ($1.79B), and Oman ($1.29B).

In 2021, Brazil imported $54.6M in Iron Ore, mainly from India ($37.1M), United States ($17.3M), United Kingdom ($64.2k), Bolivia ($34.5k), and China ($16.6k).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Brazil WERE (2020 - 2021):
China$10.3B (55.6%)
Bahrain$1.25B (229%)
Malaysia$1.08B (61.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Brazil WERE (2020 - 2021):
Indonesia-$78.2M (-95.7%)
Uruguay-$29.6M (-95.8%)
Bahamas-$16.9M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Brazil's main exporting competitors in Iron Ore were:
In 2021, Brazil's main importing competitors in Iron Ore were:

Explore Visualizations

Trade Value of Iron Ore by Exporters

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