2022
Exports
$387MWorld Rnk 18 / 126
Flag Rnk 83 / 1206
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$120MWorld Rnk 42 / 210
Flag Rnk 293 / 1198
2022
ECONOMIC COMPLEXITY of Brazil
0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $387M in Hot-Rolled Iron Bars, making it the 18th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 83rd most exported product in Brazil. The main destination of Hot-Rolled Iron Bars exports from Brazil are: United States ($126M), Dominican Republic ($67.4M), Peru ($50.4M), Argentina ($23.6M), and Chile ($22.7M).

The fastest growing export markets for Hot-Rolled Iron Bars of Brazil between 2021 and 2022 were Dominican Republic ($50.5M), Peru ($38.8M), and United States ($27.2M).

Imports In 2022, Brazil imported $120M in Hot-Rolled Iron Bars, becoming the 42nd largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 293rd most imported product in Brazil. Brazil imports Hot-Rolled Iron Bars primarily from: China ($38.4M), Egypt ($28.6M), Turkey ($17.6M), Germany ($16.6M), and Malaysia ($9.13M).

The fastest growing import markets in Hot-Rolled Iron Bars for Brazil between 2021 and 2022 were China ($30.2M), Germany ($8.09M), and Malaysia ($7.55M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Hot-Rolled Iron Bars from Brazil to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$3.54M(34%)
IMPORT GROWTH (October 2023 - October 2024)$-123k(-0.71%)
MAIN EXPORTER (October 2024)Minas Gerais$15.6M
MAIN DESTINATION (October 2024)United States$9.22M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$387M
IMPORTS (2022)$120M
NET TRADE (2022)$268M

In 2022, Brazil exported $387M in Hot-Rolled Iron Bars. The main destinations of Brazil exports on Hot-Rolled Iron Bars were United States ($126M), Dominican Republic ($67.4M), Peru ($50.4M), Argentina ($23.6M), and Chile ($22.7M).

In 2022, Brazil imported $120M in Hot-Rolled Iron Bars, mainly from China ($38.4M), Egypt ($28.6M), Turkey ($17.6M), Germany ($16.6M), and Malaysia ($9.13M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Dominican Republic$50.5M (298%)
Peru$38.8M (334%)
United States$27.2M (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Brazil WERE (2021 - 2022):
Chinese Taipei-$4.01M (-100%)
Canada-$3.23M (-100%)
Argentina-$2.66M (-10.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Brazil's main importing competitors in Hot-Rolled Iron Bars were:

Explore Visualizations

Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.1M
TOP IMPORT POTENTIALChina+ $4.75M

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $12.1M.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $4.75M.

See methodology.

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