Iron Ore in 
Brazil 2019 Exports | Imports : $23B | $70.4M, World Rnk 2 / 115 Rnk 3 / 1199 | World Rnk 47 / 130 Rnk 334 / 1196
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.6B | $48.1M, China | Malaysia
2019 ECONOMIC COMPLEXITY of Brazil: 0.58, Rnk 44 / 147
2019 PRODUCT COMPLEXITY IN Iron Ore: -1.86, Rnk 999 / 1029
Exports: In 2019, Brazil exported $23B 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 ($13.6B), Malaysia ($1.8B), Japan ($1.14B), Netherlands ($897M), and Oman ($661M).
The fastest growing export markets for Iron Ore of Brazil between 2018 and 2019 were China ($2.6B), Malaysia ($723M), and Bahrain ($252M).
Imports: In 2019, Brazil imported $70.4M in Iron Ore, becoming the 47th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 334th most imported product in Brazil. Brazil imports Iron Ore primarily from: Malaysia ($48.1M), South Africa ($16.1M), Bahrain ($6.05M), Netherlands ($85.1k), and Bolivia ($15.5k).
The fastest growing import markets in Iron Ore for Brazil between 2018 and 2019 were Malaysia ($48.1M), South Africa ($16.1M), and Bahrain ($6.05M).
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%).
Overview: In March 2021 Brazil's Iron Ore exports accounted up to $3.6B and imports accounted up to $11M, resulting in a positive trade balance of $3.59B. Between March 2020 and March 2021 the exports of Brazil's Iron Ore have increased by $2.24B (164%) from $1.36B to $3.6B, while imports increased by $4.78M (77%) from $6.21M to $11M.
Destinations: In March 2021, Iron Ore were exported mostly to China ($2.11B), Malaysia ($339M), Netherlands ($183M), Bahrain ($115M), and Oman ($94.1M), and were imported mostly from India ($11M) and Netherlands ($7.68k).
Growth: In March 2021, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to China ($1.27B or 151%), Malaysia ($294M or 660%), and Netherlands ($123M or 204%). In March 2021, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from India ($4.79M or 77.3%).
EXPORT GROWTH (March 2020 - March 2021): $2.24B, (164%)
IMPORT GROWTH (March 2020 - March 2021): $4.78M, (77%)
MAIN EXPORTER (March 2021): Pará, $1.72B
MAIN DESTINATION (March 2021): China, $2.11B
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 (2019): $23B
IMPORTS (2019): $70.4M
NET TRADE (2019): $22.9B
In 2019, Brazil exported $23B in Iron Ore. The main destinations of Brazil exports on Iron Ore were China ($13.6B), Malaysia ($1.8B), Japan ($1.14B), Netherlands ($897M), and Oman ($661M).
In 2019, Brazil imported $70.4M in Iron Ore, mainly from Malaysia ($48.1M), South Africa ($16.1M), Bahrain ($6.05M), Netherlands ($85.1k), and Bolivia ($15.5k).
In 2018, Brazil's main exporting competitors in Iron Ore were:
In 2018, Brazil's main importing competitors in Iron Ore were:
In 2017, the average tariff for Brazil in Iron Ore was 1.92%.
The countries with the highest tariffs for Iron Ore in Brazil 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%).
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