HS Icon Steel Ingots in  Flag Brazil

2020
Exports | Imports
: $480M | $16.9M, World Rnk 1 / 82
Flag Rnk 49 / 1202 | World Rnk 24 / 156
Flag Rnk 611 / 1194

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $97M | $1.9M, China |  Italy


ECONOMIC COMPLEXITY of Brazil
: 0.44, Rnk 47 / 127


PRODUCT COMPLEXITY  IN Steel Ingots
: 0.6, Rnk 325 / 1028

Exports In 2020, Brazil exported $480M in Steel Ingots, making it the 1st largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 49th most exported product in Brazil. The main destination of Steel Ingots exports from Brazil are: United States ($323M), China ($106M), Canada ($33.8M), Uruguay ($10.8M), and Mexico ($2.29M).

The fastest growing export markets for Steel Ingots of Brazil between 2019 and 2020 were China ($97M), Canada ($24.6M), and Uruguay ($10.8M).

Imports In 2020, Brazil imported $16.9M in Steel Ingots, becoming the 24th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 611th most imported product in Brazil. Brazil imports Steel Ingots primarily from: Italy ($10.3M), United States ($2.93M), China ($926k), Portugal ($537k), and Canada ($485k).

The fastest growing import markets in Steel Ingots for Brazil between 2019 and 2020 were Italy ($1.9M), United States ($936k), and Portugal ($513k).

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%).

March 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (March 2021 - March 2022): $-58.3M, (-41.5%)

IMPORT GROWTH (March 2021 - March 2022): $756k, (51.3%)

MAIN EXPORTER (March 2022): Rio De Janeiro, $60.9M

MAIN DESTINATION (March 2022): United States, $82.4M

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.

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Historical Data

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EXPORTS (2020): $480M

IMPORTS (2020): $16.9M

NET TRADE (2020): $463M

In 2020, Brazil exported $480M in Steel Ingots. The main destinations of Brazil exports on Steel Ingots were United States ($323M), China ($106M), Canada ($33.8M), Uruguay ($10.8M), and Mexico ($2.29M).

In 2020, Brazil imported $16.9M in Steel Ingots, mainly from Italy ($10.3M), United States ($2.93M), China ($926k), Portugal ($537k), and Canada ($485k).

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IN 2020, Brazil HAD A POSITIVE NET TRADE IN Steel Ingots WITH:

IN 2020, Brazil HAD A NEGATIVE NET TRADE IN Steel Ingots WITH:

Flow

THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Brazil WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Brazil WERE (2019 - 2020):

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Market Concentration

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In 2019, Brazil's main exporting competitors in Steel Ingots were:

In 2019, Brazil's main importing competitors in Steel Ingots were:

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Tariffs by Country

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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%).