HS Icon Steel Ingots in  Flag Brazil

2019
Exports | Imports
: $1.01B | $14M, World Rnk 1 / 86
Flag Rnk 33 / 1199 | World Rnk 29 / 166
Flag Rnk 657 / 1196

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $11.3M | $1.23M, Germany |  Italy

2019
ECONOMIC COMPLEXITY of Brazil
: 0.58, Rnk 44 / 147

2019
PRODUCT COMPLEXITY  IN Steel Ingots
: 0.9, Rnk 209 / 1029

Exports: In 2019, Brazil exported $1.01B in Steel Ingots, making it the 1st largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 33rd most exported product in Brazil. The main destination of Steel Ingots exports from Brazil are: United States ($940M), Germany ($36.9M), China ($9.37M), Canada ($9.17M), and Spain ($9.06M).

The fastest growing export markets for Steel Ingots of Brazil between 2018 and 2019 were Germany ($11.3M), China ($7.86M), and Belgium ($475k).

Imports: In 2019, Brazil imported $14M in Steel Ingots, becoming the 29th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 657th most imported product in Brazil. Brazil imports Steel Ingots primarily from: Italy ($8.27M), United States ($1.99M), China ($981k), Russia ($843k), and Germany ($484k).

The fastest growing import markets in Steel Ingots for Brazil between 2018 and 2019 were Italy ($1.23M), China ($516k), and Argentina ($224k).

Tariffs: In 2017, the average tariff for Brazil in Steel Ingots was 7.65%. The countries with the highest import tariffs for Steel Ingots were Angola (Most Favoured Nation duty rate treatement, 8%), Burundi (Most Favoured Nation duty rate treatement, 8%), Benin (Most Favoured Nation duty rate treatement, 8%), Burkina Faso (Most Favoured Nation duty rate treatement, 8%), and Botswana (Most Favoured Nation duty rate treatement, 8%).

Latest Trends (March 2021)

#permalink to section

Overview: In March 2021 Brazil's Steel Ingots exports accounted up to $141M and imports accounted up to $1.48M, resulting in a positive trade balance of $139M. Between March 2020 and March 2021 the exports of Brazil's   Steel Ingots have increased by $58.3M (70.8%) from $82.4M to $141M, while imports decreased by $-794k (-35%) from $2.27M to $1.48M.

Destinations: In March 2021, Steel Ingots were exported mostly to United States ($131M), Canada ($9.84M), China ($312k), Mexico ($30), and Argentina ($3), and were imported mostly from Italy ($977k), Germany ($198k), Panama ($150k), Ukraine ($60.2k), and United Kingdom ($56.8k).

Growth: In March 2021, the increase in Steel Ingots's year-by-year exports was explained primarily by an increase in exports to United States ($66.4M or 103%), Canada ($2.61M or 36%), and China ($153k or 97%). In March 2021, the decrease in Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from Italy ($-866k or -47%), China ($-181k or -90.9%), and United Kingdom ($-30.3k or -34.8%).

Subnational Monthly Trade

#permalink to section
Time Scale
Flow
Value

EXPORT GROWTH (March 2020 - March 2021): $58.3M, (70.8%)

IMPORT GROWTH (March 2020 - March 2021): $-794k, (-35%)

MAIN EXPORTER (March 2021): Espírito Santo, $119M

MAIN DESTINATION (March 2021): United States, $131M

This section shows Steel Ingots'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 Steel Ingots over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

#permalink to section
Value

EXPORTS (2019): $1.01B

IMPORTS (2019): $14M

NET TRADE (2019): $999M

In 2019, Brazil exported $1.01B in Steel Ingots. The main destinations of Brazil exports on Steel Ingots were United States ($940M), Germany ($36.9M), China ($9.37M), Canada ($9.17M), and Spain ($9.06M).

In 2019, Brazil imported $14M in Steel Ingots, mainly from Italy ($8.27M), United States ($1.99M), China ($981k), Russia ($843k), and Germany ($484k).

Explore Visualizations

IN 2019, Brazil HAD A POSITIVE NET TRADE IN Steel Ingots WITH:

IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Steel Ingots WITH:

Flow

THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Brazil WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Brazil WERE (2018 - 2019):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2018, Brazil's main exporting competitors in Steel Ingots were:

In 2018, Brazil's main importing competitors in Steel Ingots were:

Explore Visualizations

Tariffs by Country

#permalink to section

In 2017, the average tariff for Brazil in Steel Ingots was 7.65%.

The countries with the highest tariffs for Steel Ingots in Brazil were Angola (Most Favoured Nation duty rate treatement, 8%), Burundi (Most Favoured Nation duty rate treatement, 8%), Benin (Most Favoured Nation duty rate treatement, 8%), Burkina Faso (Most Favoured Nation duty rate treatement, 8%), and Botswana (Most Favoured Nation duty rate treatement, 8%).