HS Icon Iron Ore in  Flag Brazil

2019
Exports | Imports
: $23B | $70.4M, World Rnk 2 / 115
Flag Rnk 3 / 1199 | World Rnk 47 / 130
Flag 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%).

July 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2020 - July 2021): $2.64B, (110%)

IMPORT GROWTH (June 2020 - June 2021): $4.88k, (519%)

MAIN EXPORTER (July 2021): Pará, $2.27B

MAIN DESTINATION (July 2021): China, $3.3B

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

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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).

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IN 2019, Brazil HAD A POSITIVE NET TRADE IN Iron Ore WITH:

IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Iron Ore WITH:: South Africa , -$1.43M ($14.7M - $16.1M)

Flow

THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Brazil WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Brazil WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, Brazil's main exporting competitors in Iron Ore were:

In 2019, Brazil's main importing competitors in Iron Ore were:

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Tariffs by Country

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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%).