Coated Flat-Rolled Iron in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $672M in Coated Flat-Rolled Iron, making it the 20th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 51st most exported product in Brazil. The main destination of Coated Flat-Rolled Iron exports from Brazil are: United States ($258M), Argentina ($206M), Uruguay ($30M), Portugal ($27.9M), and Mexico ($27.2M).

The fastest growing export markets for Coated Flat-Rolled Iron of Brazil between 2021 and 2022 were Argentina ($63M), Portugal ($17.8M), and Italy ($16.7M).

Imports In 2022, Brazil imported $1.21B in Coated Flat-Rolled Iron, becoming the 16th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 41st most imported product in Brazil. Brazil imports Coated Flat-Rolled Iron primarily from: China ($986M), South Korea ($90.8M), Japan ($47.2M), Netherlands ($25.9M), and Germany ($12M).

The fastest growing import markets in Coated Flat-Rolled Iron for Brazil between 2021 and 2022 were South Korea ($10.4M), Japan ($9.18M), and Hong Kong ($4.2M).

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

Latest Trends

February 2024

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Overview In February 2024 Brazil's Coated Flat-Rolled Iron exports accounted up to $52.1M and imports accounted up to $101M, resulting in a negative trade balance of $49M. Between February 2023 and February 2024 the exports of Brazil's Coated Flat-Rolled Iron have decreased by $-6.7M (-11.4%) from $58.8M to $52.1M, while imports increased by $8.77M (9.49%) from $92.4M to $101M.

Destinations In February 2024, Coated Flat-Rolled Iron were exported mostly to United States ($29.6M), Argentina ($21.2M), Chile ($427k), Mexico ($307k), and Colombia ($301k), and were imported mostly from China ($77.3M), South Korea ($11.7M), Germany ($3.11M), Japan ($1.85M), and United Kingdom ($1.63M).

Growth In February 2024, the decrease in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to United States ($-44.4M or -99.9%), Chile ($-4.48M or -80.4%), and Belgium ($-1.91M or -81.6%). In February 2024, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from China ($7.01M or 6.25%), South Korea ($1.45M or 34.3%), and Germany ($437k or 47%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-6.7M(-11.4%)

IMPORT GROWTH (February 2023 - February 2024)$8.77M(9.49%)

MAIN EXPORTER (February 2024)Minas Gerais$21.3M

MAIN DESTINATION (February 2024)United States$29.6M

This section shows Coated Flat-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 Coated Flat-Rolled Iron over time.

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