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%).