Hot-Rolled Iron in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $1.21B in Hot-Rolled Iron, making it the 16th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 33rd most exported product in Brazil. The main destination of Hot-Rolled Iron exports from Brazil are: Portugal ($213M), Argentina ($204M), Chile ($172M), Turkey ($139M), and Colombia ($81M).

The fastest growing export markets for Hot-Rolled Iron of Brazil between 2021 and 2022 were Argentina ($154M), Portugal ($121M), and Turkey ($56.1M).

Imports In 2022, Brazil imported $305M in Hot-Rolled Iron, becoming the 49th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 156th most imported product in Brazil. Brazil imports Hot-Rolled Iron primarily from: Austria ($135M), China ($93.8M), South Korea ($37.2M), Russia ($18M), and Germany ($7.94M).

The fastest growing import markets in Hot-Rolled Iron for Brazil between 2021 and 2022 were Austria ($127M), China ($41.6M), and South Korea ($35.4M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Hot-Rolled Iron from Brazil to the United States.

Latest Trends

February 2024

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Overview In February 2024 Brazil's Hot-Rolled Iron exports accounted up to $43.1M and imports accounted up to $22.8M, resulting in a positive trade balance of $20.3M. Between February 2023 and February 2024 the exports of Brazil's Hot-Rolled Iron have decreased by $-34.2M (-44.3%) from $77.3M to $43.1M, while imports decreased by $-6.16M (-21.2%) from $29M to $22.8M.

Destinations In February 2024, Hot-Rolled Iron were exported mostly to Portugal ($23.4M), United States ($13.6M), Argentina ($2.64M), Bolivia ($1.68M), and Paraguay ($1.12M), and were imported mostly from China ($18M), Austria ($3.03M), Germany ($702k), Italy ($675k), and Hong Kong ($191k).

Growth In February 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Chile ($-32.5M or -100%), South Africa ($-18.8M or -100%), and Dominican Republic ($-2.13M or -100%). In February 2024, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Russia ($-7.92M or -90.8%), Germany ($-1.06M or -85.4%), and Belgium ($-186k or -83%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-34.2M(-44.3%)

IMPORT GROWTH (February 2023 - February 2024)$-6.16M(-21.2%)

MAIN EXPORTER (February 2024)Rio De Janeiro$28.4M

MAIN DESTINATION (February 2024)Portugal$23.4M

This section shows Hot-Rolled 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 Hot-Rolled Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.21B

IMPORTS (2022)$305M

NET TRADE (2022)$908M

In 2022, Brazil exported $1.21B in Hot-Rolled Iron. The main destinations of Brazil exports on Hot-Rolled Iron were Portugal ($213M), Argentina ($204M), Chile ($172M), Turkey ($139M), and Colombia ($81M).

In 2022, Brazil imported $305M in Hot-Rolled Iron, mainly from Austria ($135M), China ($93.8M), South Korea ($37.2M), Russia ($18M), and Germany ($7.94M).

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