Steel Ingots in Brazil

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

2019
Destination | Origin
: $940M | $8.27M, United States | Italy

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

2019
ECONOMIC COMPLEXITY of Brazil
: 0.64, Rnk 44 / 157

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 (8%), Burundi (8%), Benin (8%), Burkina Faso (8%), and Botswana (8%).

Overview: In February 2021 Brazil's Steel Ingots exports accounted up to $83.1M and imports accounted up to $2.74M, resulting in a positive trade balance of $80.4M. Between February 2020 and February 2021 the exports of Brazil's   Steel Ingots have increased by $29.4M (54.7%) from $53.7M to $83.1M, while imports increased by $1.15M (73%) from $1.58M to $2.74M.

Destinations: In February 2021 Steel Ingots exported mostly to United States ($77.8M), Canada ($3.52M), Thailand ($1.78M), Mexico ($9.12k), and Peru ($1.56k), and imported mostly from Argentina ($1.2M), Italy ($1.06M), China ($147k), United Kingdom ($89.3k), and Germany ($74.9k).

Growth: In February 2021, the increase in Steel Ingots's year-by-year exports was explained primarily by an increase in exports to United States ($24.1M or 44.8%). In February 2021, the increase in Steel Ingots's year-by-year imports was explained primarily by an increase in imports from Germany ($50.2k or 203%), Portugal ($48.4k or 189%), and United Kingdom ($29.6k or 49.6%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (February 2020 - February 2021): $29.4M, (54.7%)

IMPORT GROWTH (February 2020 - February 2021): $1.15M, (73%)

MAIN EXPORTER (February 2021): EspΓ­rito Santo, $48.5M

MAIN DESTINATION (February 2021): United States, $77.8M

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.

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).

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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):

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Market Concentration

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Flow
Type

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

In 2018, 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 (8%), Burundi (8%), Benin (8%), Burkina Faso (8%), and Botswana (8%).

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