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2023
Exports $11.1MWorld Rnk 30 / 136
Flag Rnk 585 / 1207
2023
Destination $2.76M Liberia
2022 - 2023
FASTEST GROWING MARKET $2.76MLiberia
2023
PRODUCT COMPLEXITY IN Iron Railway Products0.37Rnk 424 / 1025
2023
Imports $178MWorld Rnk 6 / 196
Flag Rnk 224 / 1200
2023
Origin $32.8M Japan
2022 - 2023
FASTEST GROWING ORIGIN $32.8MChina
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $11.1M in Iron Railway Products, making it the 30th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 585th most exported product in Brazil. The main destination of Iron Railway Products exports from Brazil are: Liberia ($4.73M), Chile ($2.62M), United States ($963k), Dominican Republic ($751k), and Mexico ($592k).

The fastest growing export markets for Iron Railway Products of Brazil between 2022 and 2023 were Liberia ($2.76M), Dominican Republic ($717k), and Iceland ($279k).

Imports In 2023, Brazil imported $178M in Iron Railway Products, becoming the 6th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 224th most imported product in Brazil. Brazil imports Iron Railway Products primarily from: Japan ($91.9M), China ($45.5M), Spain ($27.4M), Austria ($6.95M), and Luxembourg ($2.32M).

The fastest growing import markets in Iron Railway Products for Brazil between 2022 and 2023 were China ($32.8M), Spain ($16.4M), and Austria ($2.79M).

COMPANIES In 2024, leading companies such as RHI Magnesita (1) were at the forefront of shipping Iron Railway Products from Brazil to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Iron Railway Products exports accounted up to $127k and imports accounted up to $14.4M, resulting in a negative trade balance of $14.3M. Between December 2023 and December 2024 the exports of Brazil's   Iron Railway Products have decreased by $-573k (-81.9%) from $700k to $127k, while imports increased by $4.96M (52.3%) from $9.48M to $14.4M.

Destinations In December 2024, Iron Railway Products were exported mostly to United States ($70.2k), Chile ($55.8k), Paraguay ($375), French Guiana ($129), and Guyana ($129), and were imported mostly from China ($13.8M), Austria ($492k), Luxembourg ($57.6k), United Kingdom ($56.5k), and Spain ($22.3k).

Growth In December 2024, the decrease in Iron Railway Products's year-by-year exports was explained primarily by a decrease in exports to Liberia ($-595k or -100%), Mexico ($-126k or -99.3%), and Chile ($-33.6k or -13.5%). In December 2024, the increase in Iron Railway Products's year-by-year imports was explained primarily by an increase in imports from Spain ($2.7M or 8.79k%), Japan ($854k or 9.17%), and United States ($146k or 889%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-573k(-81.9%)
IMPORT GROWTH (December 2023 - December 2024)$4.96M(52.3%)
MAIN EXPORTER (December 2024)Paraná$1.18M
MAIN DESTINATION (December 2024)United States$70.2k

This section shows Iron Railway Products'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 Railway Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.1M
IMPORTS (2023)$178M
NET TRADE (2023)-$167M

In 2023, Brazil exported $11.1M in Iron Railway Products. The main destinations of Brazil exports on Iron Railway Products were Liberia ($4.73M), Chile ($2.62M), United States ($963k), Dominican Republic ($751k), and Mexico ($592k).

In 2023, Brazil imported $178M in Iron Railway Products, mainly from Japan ($91.9M), China ($45.5M), Spain ($27.4M), Austria ($6.95M), and Luxembourg ($2.32M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Liberia$2.76M (141%)
Dominican Republic$717k (2.13k%)
Iceland$279k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Brazil WERE (2022 - 2023):
Chile-$2.68M (-50.6%)
United States-$1.8M (-65.2%)
Argentina-$352k (-84%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Iron Railway Products were:
China $713M
Austria $701M
Japan $474M
In 2023, Brazil's main importing competitors in Iron Railway Products were:
Germany $536M
Canada $347M
Italy $303M

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.16M
TOP IMPORT POTENTIALChina+ $3.96M

Iron Railway Products’s highest export potential is United States. With an export gap of $1.16M.   Iron Railway Products’s highest import potential is China with an import gap of $3.96M.

See methodology.

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