Pig Iron in Brazil 2020 Exports | Imports : $1.14B | $50.4k, World Rnk 2 / 80 Rnk 26 / 1202 | World Rnk 93 / 137 Rnk 1161 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $555M | $19.1k, China | Egypt
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Pig Iron: -0.91, Rnk 809 / 1029
Exports In 2020, Brazil exported $1.14B in Pig Iron, making it the 2nd largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 26th most exported product in Brazil. The main destination of Pig Iron exports from Brazil are: China ($637M), United States ($199M), Netherlands ($85.8M), Mexico ($56.3M), and Hong Kong ($35.9M).
The fastest growing export markets for Pig Iron of Brazil between 2019 and 2020 were China ($555M), Hong Kong ($31.9M), and Peru ($21.6M).
Imports In 2020, Brazil imported $50.4k in Pig Iron, becoming the 93rd largest importer of Pig Iron in the world. At the same year, Pig Iron was the 1161st most imported product in Brazil. Brazil imports Pig Iron primarily from: United States ($20.7k), Egypt ($19.1k), Spain ($6.1k), Germany ($2.86k), and Paraguay ($1.43k).
The fastest growing import markets in Pig Iron for Brazil between 2019 and 2020 were Egypt ($19.1k), Spain ($6.1k), and Germany ($2.02k).
Tariffs In 2017, the average tariff for Brazil in Pig Iron was 3.83%. The countries with the highest import tariffs for Pig Iron were Angola (Most Favoured Nation duty rate treatement, 4%), Burundi (Most Favoured Nation duty rate treatement, 4%), Benin (Most Favoured Nation duty rate treatement, 4%), Burkina Faso (Most Favoured Nation duty rate treatement, 4%), and Botswana (Most Favoured Nation duty rate treatement, 4%).
January 2023
Overview In January 2023 Brazil's Pig Iron exports accounted up to $132M and imports accounted up to $4.04k, resulting in a positive trade balance of $132M. Between January 2022 and January 2023 the exports of Brazil's Pig Iron have increased by $1.19M (0.91%) from $131M to $132M, while imports decreased by $-19.9k (-83.1%) from $23.9k to $4.04k.
Destinations In January 2023, Pig Iron were exported mostly to United States ($115M), China ($7.98M), Italy ($6.67M), Mexico ($1.21M), and Vietnam ($273k), and were imported mostly from Germany ($3.31k), Portugal ($549), and Czechia ($181).
Growth In January 2023, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to United States ($29.6M or 105%), Argentina ($8.95M or 1.24k%), and Taiwan ($3.24M or 1.42k%). In January 2023, the decrease in Pig Iron's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (January 2022 - January 2023): $1.19M, (0.91%)
IMPORT GROWTH (November 2021 - January 2023): $-19.9k, (-83.1%)
MAIN EXPORTER (January 2023): Minas Gerais, $92.8M
MAIN DESTINATION (January 2023): United States, $115M
This section shows Pig Iron'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 Pig Iron over time.
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EXPORTS (2020): $1.14B
IMPORTS (2020): $50.4k
NET TRADE (2020): $1.14B
In 2020, Brazil exported $1.14B in Pig Iron. The main destinations of Brazil exports on Pig Iron were China ($637M), United States ($199M), Netherlands ($85.8M), Mexico ($56.3M), and Hong Kong ($35.9M).
In 2020, Brazil imported $50.4k in Pig Iron, mainly from United States ($20.7k), Egypt ($19.1k), Spain ($6.1k), Germany ($2.86k), and Paraguay ($1.43k).
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Pig Iron were:
In 2020, Brazil's main importing competitors in Pig Iron were:
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