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2022
Exports $811MWorld Rnk 1 / 91
Flag Rnk 45 / 1206
2022
Destination $40.8M United States
2021 - 2022
FASTEST GROWING MARKET $40.8MUnited States
2022
PRODUCT COMPLEXITY IN Steel Ingots0.23Rnk 480 / 1025
2022
Imports $24.9MWorld Rnk 23 / 163
Flag Rnk 607 / 1198
2022
Origin $5.91M Italy
2021 - 2022
FASTEST GROWING ORIGIN $5.91MChina
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $811M in Steel Ingots, making it the 1st largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 45th most exported product in Brazil. The main destination of Steel Ingots exports from Brazil are: United States ($768M), Mexico ($23M), Canada ($12.8M), China ($2.49M), and Hong Kong ($2.15M).

The fastest growing export markets for Steel Ingots of Brazil between 2021 and 2022 were United States ($40.8M), Mexico ($2.28M), and Hong Kong ($2.15M).

Imports In 2022, Brazil imported $24.9M in Steel Ingots, becoming the 23rd largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 607th most imported product in Brazil. Brazil imports Steel Ingots primarily from: Italy ($8.55M), China ($7.08M), Vietnam ($3.71M), Panama ($1.74M), and United Kingdom ($1.07M).

The fastest growing import markets in Steel Ingots for Brazil between 2021 and 2022 were China ($5.91M), Vietnam ($3.71M), and Panama ($1.42M).

Latest Trends

March 2024

About

Overview In March 2024 Brazil's Steel Ingots exports accounted up to $62.4M and imports accounted up to $2.5M, resulting in a positive trade balance of $59.9M. Between March 2023 and March 2024 the exports of Brazil's   Steel Ingots have decreased by $-19.2M (-23.6%) from $81.6M to $62.4M, while imports increased by $605k (31.8%) from $1.9M to $2.5M.

Destinations In March 2024, Steel Ingots were exported mostly to United States ($54.8M), Canada ($6.44M), Germany ($621k), South Korea ($559k), and Chile ($6.56k), and were imported mostly from Italy ($1.44M), Turkey ($353k), Portugal ($305k), Germany ($161k), and China ($120k).

Growth In March 2024, the decrease in Steel Ingots's year-by-year exports was explained primarily by a decrease in exports to . In March 2024, the increase in Steel Ingots's year-by-year imports was explained primarily by an increase in imports from Italy ($413k or 87.3%), Germany ($57.9k or 38.1%), and China ($8.71k or 5.39%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)$-19.2M(-23.6%)
IMPORT GROWTH (March 2023 - March 2024)$605k(31.8%)
MAIN EXPORTER (March 2024)Rio De Janeiro$46.3M
MAIN DESTINATION (March 2024)United States$54.8M

This section shows Steel Ingots'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 Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$811M
IMPORTS (2022)$24.9M
NET TRADE (2022)$787M

In 2022, Brazil exported $811M in Steel Ingots. The main destinations of Brazil exports on Steel Ingots were United States ($768M), Mexico ($23M), Canada ($12.8M), China ($2.49M), and Hong Kong ($2.15M).

In 2022, Brazil imported $24.9M in Steel Ingots, mainly from Italy ($8.55M), China ($7.08M), Vietnam ($3.71M), Panama ($1.74M), and United Kingdom ($1.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
United States$40.8M (5.61%)
Mexico$2.28M (11%)
Hong Kong$2.15M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Brazil WERE (2021 - 2022):
Canada-$56.8M (-81.6%)
Netherlands-$40.3M (-100%)
Argentina-$12.1M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Steel Ingots were:
Germany $381M
Italy $359M
In 2022, Brazil's main importing competitors in Steel Ingots were:
United States $1.68B
Germany $387M
Italy $358M

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Trade Value of Steel Ingots by Exporters

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