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 (2%), Burundi (2%), Benin (2%), Burkina Faso (2%), and Botswana (2%).