HS Icon Iron Ore in  Flag Brazil

2020
Exports | Imports
: $26.5B | $28.3M, World Rnk 2 / 115
Flag Rnk 2 / 1202 | World Rnk 47 / 124
Flag Rnk 502 / 1194

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $4.99B | $14.4M, China |  Russia


ECONOMIC COMPLEXITY of Brazil
: 0.44, Rnk 47 / 127


PRODUCT COMPLEXITY  IN Iron Ore
: -1.81, Rnk 991 / 1028

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%).

June 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2021 - June 2022): $-2.12B, (-40.3%)

IMPORT GROWTH (May 2021 - June 2022): $-1.43M, (-12.7%)

MAIN EXPORTER (June 2022): Minas Gerais, $1.53B

MAIN DESTINATION (June 2022): China, $2.08B

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 (2020): $26.5B

IMPORTS (2020): $28.3M

NET TRADE (2020): $26.4B

In 2020, Brazil exported $26.5B in Iron Ore. The main destinations of Brazil exports on Iron Ore were China ($18.6B), Malaysia ($1.75B), Japan ($892M), Oman ($580M), and Netherlands ($574M).

In 2020, Brazil imported $28.3M in Iron Ore, mainly from Russia ($14.4M), India ($13.2M), United States ($490k), Bolivia ($121k), and China ($50.7k).

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IN 2020, Brazil HAD A POSITIVE NET TRADE IN Iron Ore WITH:

IN 2020, Brazil HAD A NEGATIVE NET TRADE IN Iron Ore WITH:: India , -$13.2M ($10 - $13.2M)

Flow

THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Brazil WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Brazil WERE (2019 - 2020):

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Market Concentration

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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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