2022
Exports | Imports
$30.1B | $44.1MWorld Rnk 2 / 128
Flag Rnk 3 / 1206
World Rnk 46 / 130
Flag Rnk 477 / 1198
2022
ECONOMIC COMPLEXITY of Brazil
0.29Rnk 49 / 124
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.81Rnk 979 / 1025

About

Exports In 2022, Brazil exported $30.1B in Iron Ore, making it the 2nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 3rd most exported product in Brazil. The main destination of Iron Ore exports from Brazil are: China ($18.2B), Malaysia ($1.51B), Bahrain ($1.34B), Japan ($1.13B), and South Korea ($867M).

The fastest growing export markets for Iron Ore of Brazil between 2021 and 2022 were Qatar ($93.5M), India ($70.6M), and Uruguay ($22.9M).

Imports In 2022, Brazil imported $44.1M in Iron Ore, becoming the 46th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 477th most imported product in Brazil. Brazil imports Iron Ore primarily from: India ($28.7M), United States ($14.6M), Bolivia ($707k), Netherlands ($17.3k), and Germany ($7.35k).

The fastest growing import markets in Iron Ore for Brazil between 2021 and 2022 were Bolivia ($672k), Netherlands ($7.47k), and Turkey ($3.73k).

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

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$1.44B(69.5%)
IMPORT GROWTH (December 2022 - December 2023)$132k(711%)
MAIN EXPORTER (December 2023)
MAIN DESTINATION (December 2023)China$2.46B

This section shows Iron Ore'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 Iron Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.1B
IMPORTS (2022)$44.1M
NET TRADE (2022)$30.1B

In 2022, Brazil exported $30.1B in Iron Ore. The main destinations of Brazil exports on Iron Ore were China ($18.2B), Malaysia ($1.51B), Bahrain ($1.34B), Japan ($1.13B), and South Korea ($867M).

In 2022, Brazil imported $44.1M in Iron Ore, mainly from India ($28.7M), United States ($14.6M), Bolivia ($707k), Netherlands ($17.3k), and Germany ($7.35k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Qatar$93.5M (1%)
India$70.6M (460%)
Uruguay$22.9M (1.76k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Brazil WERE (2021 - 2022):
China-$10.7B (-37%)
Malaysia-$1.35B (-47.1%)
Japan-$685M (-37.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Iron Ore were:
In 2022, Brazil's main importing competitors in Iron Ore were:

Explore Visualizations

Trade Value of Iron Ore by Exporters

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