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2022
Exports $2.3BWorld Rnk 1 / 92
Flag Rnk 25 / 1206
2022
Destination $721M United States
2021 - 2022
FASTEST GROWING MARKET $721MUnited States
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $134kWorld Rnk 80 / 141
Flag Rnk 1137 / 1198
2022
Origin $59.4k South Africa
2021 - 2022
FASTEST GROWING ORIGIN $59.4kSouth Africa
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $2.3B in Pig Iron, making it the 1st largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 25th most exported product in Brazil. The main destination of Pig Iron exports from Brazil are: United States ($1.61B), Turkey ($134M), Netherlands ($116M), Mexico ($99M), and China ($88.3M).

The fastest growing export markets for Pig Iron of Brazil between 2021 and 2022 were United States ($721M), Turkey ($76.8M), and Italy ($37.8M).

Imports In 2022, Brazil imported $134k in Pig Iron, becoming the 80th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 1137th most imported product in Brazil. Brazil imports Pig Iron primarily from: South Africa ($59.4k), United States ($34.9k), Germany ($15.6k), Austria ($12k), and Japan ($11k).

The fastest growing import markets in Pig Iron for Brazil between 2021 and 2022 were South Africa ($59.4k), Austria ($12k), and Germany ($10.1k).

Latest Trends

August 2024

About

Overview In August 2024 Brazil's Pig Iron exports accounted up to $121M and imports accounted up to $106, resulting in a positive trade balance of $121M. Between August 2023 and August 2024 the exports of Brazil's   Pig Iron have decreased by $-69.9M (-36.5%) from $191M to $121M, while imports decreased by $-304 (-74.1%) from $410 to $106.

Destinations In August 2024, Pig Iron were exported mostly to United States ($93.4M), Netherlands ($14.6M), Mexico ($10.6M), Argentina ($1.16M), and Vietnam ($1.14M), and were imported mostly from China ($106).

Growth In August 2024, the decrease in Pig Iron's year-by-year exports was explained primarily by a decrease in exports to China ($-28.1M or -77.9%), Argentina ($-9.49M or -98%), and Thailand ($-505k or -72.5%). In August 2024, the decrease in Pig Iron's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-69.9M(-36.5%)
IMPORT GROWTH (September 2022 - August 2024)$-304(-74.1%)
MAIN EXPORTER (August 2024)Minas Gerais$117M
MAIN DESTINATION (August 2024)United States$93.4M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.3B
IMPORTS (2022)$134k
NET TRADE (2022)$2.3B

In 2022, Brazil exported $2.3B in Pig Iron. The main destinations of Brazil exports on Pig Iron were United States ($1.61B), Turkey ($134M), Netherlands ($116M), Mexico ($99M), and China ($88.3M).

In 2022, Brazil imported $134k in Pig Iron, mainly from South Africa ($59.4k), United States ($34.9k), Germany ($15.6k), Austria ($12k), and Japan ($11k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
United States$721M (80.9%)
Turkey$76.8M (135%)
Italy$37.8M (8.67k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY Brazil WERE (2021 - 2022):
China-$116M (-56.8%)
Netherlands-$58.7M (-33.6%)
Germany-$44.4M (-96.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Pig Iron were:
Russia $1.78B
Ukraine $668M
In 2022, Brazil's main importing competitors in Pig Iron were:
United States $2.87B
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35M
TOP IMPORT POTENTIALSouth Africa+ $62.4k

Pig Iron’s highest export potential is China. With an export gap of $35M.   Pig Iron’s highest import potential is South Africa with an import gap of $62.4k.

See methodology.

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