Raw Iron Bars in Brazil 2021 Exports | Imports : $294M | $238M, World Rnk 22 / 152 Rnk 94 / 1202 | World Rnk 31 / 219 Rnk 176 / 1196
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $54.4M | $154M, Bolivia | Turkey
2021 ECONOMIC COMPLEXITY of Brazil: 0.33, Rnk 49 / 131
2021 PRODUCT COMPLEXITY IN Raw Iron Bars: -1.27, Rnk 904 / 1029
Exports In 2021, Brazil exported $294M in Raw Iron Bars, making it the 22nd largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 94th most exported product in Brazil. The main destination of Raw Iron Bars exports from Brazil are: Bolivia ($136M), Argentina ($45.1M), Peru ($24.7M), Paraguay ($23.8M), and Jamaica ($15.9M).
The fastest growing export markets for Raw Iron Bars of Brazil between 2020 and 2021 were Bolivia ($54.4M), Argentina ($32.9M), and Paraguay ($12.2M).
Imports In 2021, Brazil imported $238M in Raw Iron Bars, becoming the 31st largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 176th most imported product in Brazil. Brazil imports Raw Iron Bars primarily from: Turkey ($173M), South Korea ($24.3M), China ($9.25M), Argentina ($8.28M), and Egypt ($6.82M).
The fastest growing import markets in Raw Iron Bars for Brazil between 2020 and 2021 were Turkey ($154M), South Korea ($10.6M), and Egypt ($6.82M).
Tariffs In 2017, the average tariff for Brazil in Raw Iron Bars was 11.5%. The countries with the highest import tariffs for Raw Iron Bars were Angola (Most Favoured Nation duty rate treatment, 12%), Burundi (Most Favoured Nation duty rate treatment, 12%), Benin (Most Favoured Nation duty rate treatment, 12%), Burkina Faso (Most Favoured Nation duty rate treatment, 12%), and Botswana (Most Favoured Nation duty rate treatment, 12%).
March 2023
Overview In March 2023 Brazil's Raw Iron Bars exports accounted up to $39.8M and imports accounted up to $8.06M, resulting in a positive trade balance of $31.8M. Between March 2022 and March 2023 the exports of Brazil's Raw Iron Bars have decreased by $-3.21M (-7.47%) from $43M to $39.8M, while imports decreased by $-9.09M (-53%) from $17.1M to $8.06M.
Destinations In March 2023, Raw Iron Bars were exported mostly to Bolivia ($12.5M), Peru ($8.34M), Argentina ($8M), Puerto Rico ($4M), and Paraguay ($2.68M), and were imported mostly from China ($3.02M), Peru ($1.67M), South Korea ($1.48M), Argentina ($544k), and Italy ($374k).
Growth In March 2023, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Argentina ($-5.51M or -83.8%), Peru ($-3.09M or -99.4%), and Uruguay ($-1.77M or -63.2%). In March 2023, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Germany ($-461k or -97.4%), Argentina ($-344k or -30.3%), and Romania ($-68.3k or -40.3%).
EXPORT GROWTH (March 2022 - March 2023): $-3.21M, (-7.47%)
IMPORT GROWTH (March 2022 - March 2023): $-9.09M, (-53%)
MAIN EXPORTER (March 2023): São Paulo, $20.7M
MAIN DESTINATION (March 2023): Bolivia, $12.5M
This section shows Raw Iron Bars'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 Raw Iron Bars over time.
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EXPORTS (2021): $294M
IMPORTS (2021): $238M
NET TRADE (2021): $56.1M
In 2021, Brazil exported $294M in Raw Iron Bars. The main destinations of Brazil exports on Raw Iron Bars were Bolivia ($136M), Argentina ($45.1M), Peru ($24.7M), Paraguay ($23.8M), and Jamaica ($15.9M).
In 2021, Brazil imported $238M in Raw Iron Bars, mainly from Turkey ($173M), South Korea ($24.3M), China ($9.25M), Argentina ($8.28M), and Egypt ($6.82M).
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Brazil WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Brazil WERE (2020 - 2021):
In 2021, Brazil's main exporting competitors in Raw Iron Bars were:
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