2023
Exports
$62.6MWorld Rnk 14 / 90
Flag Rnk 304 / 1207
2023
PRODUCT COMPLEXITY IN Steel Bars
0.38Rnk 420 / 1025
2023
Imports
$26.1MWorld Rnk 27 / 166
Flag Rnk 584 / 1200
2023
ECONOMIC COMPLEXITY of Brazil
0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $62.6M in Steel Bars, making it the 14th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 304th most exported product in Brazil. The main destination of Steel Bars exports from Brazil are: Colombia ($15.3M), Italy ($14.2M), Malaysia ($12.3M), Ecuador ($6.86M), and Dominican Republic ($2.95M).

The fastest growing export markets for Steel Bars of Brazil between 2022 and 2023 were Italy ($9.18M), Malaysia ($8.1M), and South Korea ($1.78M).

Imports In 2023, Brazil imported $26.1M in Steel Bars, becoming the 27th largest importer of Steel Bars in the world. At the same year, Steel Bars was the 584th most imported product in Brazil. Brazil imports Steel Bars primarily from: China ($17.1M), Spain ($5.1M), United States ($1.24M), Germany ($939k), and Italy ($462k).

The fastest growing import markets in Steel Bars for Brazil between 2022 and 2023 were United States ($820k), Italy ($195k), and India ($78.8k).

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-456k(-20.1%)
IMPORT GROWTH (January 2024 - January 2025)$346k(26.2%)
MAIN EXPORTER (January 2025)Minas Gerais$1.77M
MAIN DESTINATION (January 2025)South Korea$555k

This section shows Steel 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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$62.6M
IMPORTS (2023)$26.1M
NET TRADE (2023)$36.5M

In 2023, Brazil exported $62.6M in Steel Bars. The main destinations of Brazil exports on Steel Bars were Colombia ($15.3M), Italy ($14.2M), Malaysia ($12.3M), Ecuador ($6.86M), and Dominican Republic ($2.95M).

In 2023, Brazil imported $26.1M in Steel Bars, mainly from China ($17.1M), Spain ($5.1M), United States ($1.24M), Germany ($939k), and Italy ($462k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Italy$9.18M (185%)
Malaysia$8.1M (195%)
South Korea$1.78M (418%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Brazil WERE (2022 - 2023):
Peru-$14.2M (-100%)
Chile-$13.9M (-100%)
Dominican Republic-$7.38M (-71.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Steel Bars were:
In 2023, Brazil's main importing competitors in Steel Bars were:

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.06M
TOP IMPORT POTENTIALChina+ $1.46M

Steel Bars’s highest export potential is United States. With an export gap of $5.06M.   Steel Bars’s highest import potential is China with an import gap of $1.46M.

See methodology.

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