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2022
Exports $178MWorld Rnk 40 / 222
Flag Rnk 157 / 1206
falsefalse United States
2022
PRODUCT COMPLEXITY IN Other Iron Products0.8Rnk 243 / 1025
2022
Imports $773MWorld Rnk 27 / 225
Flag Rnk 66 / 1198
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $178M in Other Iron Products, making it the 40th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 157th most exported product in Brazil. The main destination of Other Iron Products exports from Brazil are: United States ($50M), Argentina ($20.4M), Thailand ($12.1M), Chile ($9.45M), and Bolivia ($8.17M).

Imports In 2022, Brazil imported $773M in Other Iron Products, becoming the 27th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 66th most imported product in Brazil. Brazil imports Other Iron Products primarily from: China ($240M), United States ($92.4M), Germany ($68.8M), Chile ($66.6M), and Italy ($40M).

The fastest growing import markets in Other Iron Products for Brazil between 2021 and 2022 were China ($37.7M), United States ($18M), and Chile ($13.6M).

COMPANIES In 2023, leading companies such as Toyota (20), CNH Industrial (1), and Volvo (1) were at the forefront of shipping Other Iron Products from Brazil to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Brazil's Other Iron Products exports accounted up to $17.8M and imports accounted up to $65.8M, resulting in a negative trade balance of $48M. Between July 2023 and July 2024 the exports of Brazil's   Other Iron Products have increased by $2.95M (19.9%) from $14.8M to $17.8M, while imports increased by $8.38M (14.6%) from $57.4M to $65.8M.

Destinations In July 2024, Other Iron Products were exported mostly to United States ($5.78M), Argentina ($1.82M), Mexico ($1.76M), Thailand ($942k), and Japan ($737k), and were imported mostly from China ($19.2M), United States ($8.54M), Chile ($6.21M), France ($4.29M), and Germany ($4.01M).

Growth In July 2024, the increase in Other Iron Products's year-by-year exports was explained primarily by an increase in exports to United States ($1.31M or 49.5%), Chile ($640k or 102%), and Australia ($552k or 1.58k%). In July 2024, the increase in Other Iron Products's year-by-year imports was explained primarily by an increase in imports from Italy ($1.02M or 42%), Peru ($875k or 454%), and China ($812k or 4.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.95M(19.9%)
IMPORT GROWTH (July 2023 - July 2024)$8.38M(14.6%)
MAIN EXPORTER (July 2024)São Paulo$7.46M
MAIN DESTINATION (July 2024)United States$5.78M

This section shows Other Iron Products'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 Other Iron Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$178M
IMPORTS (2022)$773M
NET TRADE (2022)-$595M

In 2022, Brazil exported $178M in Other Iron Products. The main destinations of Brazil exports on Other Iron Products were United States ($50M), Argentina ($20.4M), Thailand ($12.1M), Chile ($9.45M), and Bolivia ($8.17M).

In 2022, Brazil imported $773M in Other Iron Products, mainly from China ($240M), United States ($92.4M), Germany ($68.8M), Chile ($66.6M), and Italy ($40M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Other Iron Products were:
China $18.4B
Germany $6.21B
United States $5.56B
In 2022, Brazil's main importing competitors in Other Iron Products were:
United States $8.99B
Germany $7.58B
Mexico $3.93B

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.7M
TOP IMPORT POTENTIALChina+ $72.9M

Other Iron Products’s highest export potential is United States. With an export gap of $30.7M.   Other Iron Products’s highest import potential is China with an import gap of $72.9M.

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