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2022
Exports $30.1BWorld Rnk 2 / 128
Flag Rnk 3 / 1206
2022
Destination $93.5M China
2021 - 2022
FASTEST GROWING MARKET $93.5MQatar
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $44.1MWorld Rnk 46 / 130
Flag Rnk 477 / 1198
2022
Origin $672k India
2021 - 2022
FASTEST GROWING ORIGIN $672kBolivia
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $30.1B in Iron Ore, making it the 2nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 3rd most exported product in Brazil. The main destination of Iron Ore exports from Brazil are: China ($18.2B), Malaysia ($1.51B), Bahrain ($1.34B), Japan ($1.13B), and South Korea ($867M).

The fastest growing export markets for Iron Ore of Brazil between 2021 and 2022 were Qatar ($93.5M), India ($70.6M), and Uruguay ($22.9M).

Imports In 2022, Brazil imported $44.1M in Iron Ore, becoming the 46th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 477th most imported product in Brazil. Brazil imports Iron Ore primarily from: India ($28.7M), United States ($14.6M), Bolivia ($707k), Netherlands ($17.3k), and Germany ($7.35k).

The fastest growing import markets in Iron Ore for Brazil between 2021 and 2022 were Bolivia ($672k), Netherlands ($7.47k), and Turkey ($3.73k).

Latest Trends

September 2024

About

Overview In September 2024 Brazil's Iron Ore exports accounted up to $2.45B and imports accounted up to $1.36k, resulting in a positive trade balance of $2.45B. Between September 2023 and September 2024 the exports of Brazil's   Iron Ore have decreased by $-295M (-10.8%) from $2.74B to $2.45B, while imports decreased by $-8.22k (-85.8%) from $9.58k to $1.36k.

Destinations In September 2024, Iron Ore were exported mostly to China ($1.72B), Malaysia ($148M), Bahrain ($83.7M), Japan ($64.2M), and Netherlands ($57.1M), and were imported mostly from China ($593), Poland ($588), United States ($129), and Germany ($49).

Growth In September 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to China ($-91.3M or -8.22%), Japan ($-77.6M or -55.6%), and Egypt ($-20M or -52.1%). In September 2024, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-295M(-10.8%)
IMPORT GROWTH (September 2023 - September 2024)$-8.22k(-85.8%)
MAIN EXPORTER (September 2024)Pará$1.3B
MAIN DESTINATION (September 2024)China$1.72B

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 (2022)$30.1B
IMPORTS (2022)$44.1M
NET TRADE (2022)$30.1B

In 2022, Brazil exported $30.1B in Iron Ore. The main destinations of Brazil exports on Iron Ore were China ($18.2B), Malaysia ($1.51B), Bahrain ($1.34B), Japan ($1.13B), and South Korea ($867M).

In 2022, Brazil imported $44.1M in Iron Ore, mainly from India ($28.7M), United States ($14.6M), Bolivia ($707k), Netherlands ($17.3k), and Germany ($7.35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Qatar$93.5M (1%)
India$70.6M (460%)
Uruguay$22.9M (1.76k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Brazil WERE (2021 - 2022):
China-$10.7B (-37%)
Malaysia-$1.35B (-47.1%)
Japan-$685M (-37.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Iron Ore were:
Australia $87.9B
Canada $6.81B
In 2022, Brazil's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $254M
TOP IMPORT POTENTIALIndia+ $3.11M

Iron Ore’s highest export potential is Japan. With an export gap of $254M.   Iron Ore’s highest import potential is India with an import gap of $3.11M.

See methodology.

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