Iron Ore in Brazil

2019
Exports | Imports
: $23B | $70.4M, World Rnk 2 / 115
Flag Rnk 3 / 1199 | World Rnk 47 / 130
Flag Rnk 334 / 1196

2019
Destination | Origin
: $13.6B | $48.1M, China | Malaysia

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $2.6B | $48.1M, China |  Malaysia

2019
ECONOMIC COMPLEXITY of Brazil
: 0.64, Rnk 44 / 157

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

Overview: In February 2021 Brazil's Iron Ore exports accounted up to $2.88B and imports accounted up to $8.36M, resulting in a positive trade balance of $2.87B. Between February 2020 and February 2021 the exports of Brazil's   Iron Ore have increased by $1.4B (94.4%) from $1.48B to $2.88B, while imports increased by $8.36M (133k%) from $6.28k to $8.36M.

Destinations: In February 2021 Iron Ore exported mostly to China ($1.75B), Philippines ($165M), Bahrain ($160M), Malaysia ($157M), and South Korea ($100M), and imported mostly from .

Growth: In February 2021, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to China ($924M or 112%), Bahrain ($137M or 571%), and Philippines ($130M or 373%). In January 2021, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (February 2020 - February 2021): $1.4B, (94.4%)

IMPORT GROWTH (January 2020 - January 2021): $8.36M, (133k%)

MAIN EXPORTER (February 2021): ParΓ‘, $1.56B

MAIN DESTINATION (February 2021): China, $1.75B

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.

Value

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 2018, Brazil's main exporting competitors in Iron Ore were:

In 2018, 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 (2%), Burundi (2%), Benin (2%), Burkina Faso (2%), and Botswana (2%).

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