Iron Ore Export of Brazil: Valuable Information of the Top Trade Partners

With a huge diversification in its export trade, the iron ore industry has become a crucial player in the globally growing economy of Brazil in 2024. The recent statistics on its global trade have reported that the iron ore export market of Brazil has risen by a rate of 10% CAGR over the past five years. The country, rich in vast iron ore reserves, mainly in the regions of Minas Geris and Para, has introduced diversifications in its overall global services. Brazil Import Data says, the location in between the strategic Atlantic coastline facilitates efficient maritime transport and conquers the crucial role played in the global international market.

The cost-effective pricing strategies adopted by the government to extend the technological evolution of the mining industry have boosted the annual export trade valuation of iron ore by a rate of 3.5% from the previous year, with a valuation of 38 billion US dollars since 2024. Import Globals with its Brazil Trade Data highlights the categorized regional shipments of different kinds of iron ore that are shipped globally from the nation to different central regions to brief the potential marketing zones for the business owners that are looking to invest their services in the global iron ore market.

THE LEADING VARIANTS OF IRON ORE EXPORTED FROM BRAZIL IN 2024

Brazil has solidified its position as a leading exporter of iron ore with its diversifying services in the global supply. In 2024, it exported around 389 million tons of iron ore, with a significant increase of around 3 percent from the previous year. According to the Brazil Export Data, the top 10 leading variants of iron ore exported from the nation in 2024 are,

  1. Hematite- The total value of Hematite exported from Brazil in 2024–16 billion US dollars
  2. Magnetite — The total value of Magnetite exported from Brazil in 2024–7 billion US dollars
  3. Goethite- The total value of Goethite exported from Brazil in 2024–6 billion US dollars
  4. Limonite- The total value of Limonite exported from Brazil in 2024–5 billion US dollars
  5. Siderite- The total value of Siderite exported from Brazil in 2024–4.1 billion US dollars
  6. Martite- The total value of Martite exported from Brazil in 2024–3.1 billion US dollars
  7. Taconite- The total value of Taconite exported from Brazil in 2024–2.8 billion US dollars
  8. Chamosite- The total value of Chamosite exported from Brazil in 2024–1.7 billion US dollars
  9. Pyrite- The total value of Pyrite exported from Brazil in 2024–1.4 billion US dollars
  10. Specularite- The total value of Specularite exported from Brazil in 2024–1 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF BRAZIL IN 2024

Brazil, maintaining its position as one of the world’s largest iron ore exporters, has built up trade relationships with several regions. As per the Brazil Customs Data, the top 10 export trade partners of the nation with which it trades most of its iron ore in 2024 are,

  1. China — The total Annual valuation of iron ore exported from Brazil to China in 2024–14 billion US dollars

Top 5 variants of goods exported

1. Direct Reduced Iron

2. Pig Iron

3. Sintered Iron Ore

4. Concentrates

5. Magnetite Concentrate

2. United States- The total Annual valuation of iron ore exported from Brazil to the United States in 2024–5 billion US dollars

Top 5 variants of goods exported

1. Chromites

2. Low-Grade Lump Ores

3. Laterites

4. Low-Grade Manganese Ore

5. Valemax Fines

3. Argentina- The total Annual valuation of iron ore exported from Brazil to Argentina in 2024–3 billion US dollars

Top 5 variants of goods exported

1. Silica-rich Iron Ore

2. Magnetite Ore

3. Limonite Ore

4. Goethite Ore

5. Oolitic Hematite

4. Netherlands- The total Annual valuation of iron ore exported from Brazil to the Netherlands in 2024–2.6 billion US dollars

Top 5 variants of goods exported

1. Magnetite Iron Ore

2. Hematite Iron Ore

3. Limonite Iron Ore

4. Manganese-rich Iron Ore

5. Phosphorus-rich Iron Ore

5. Japan- The total Annual valuation of iron ore exported from Brazil to Japan in 2024–1.2 billion US dollars

Top 5 variants of goods exported

1. Iron Ore Lumps

2. Pelletized Iron Ore

3. Concentrated Iron Ore

4. Low-grade Iron Ore

5. High-grade Iron Ore

  1. Germany- The total Annual valuation of iron ore exported from Brazil to Germany in 2024–1 billion US dollars

Top 5 variants of goods exported

1. Lump Ore

2. Manganese Ore

3. Nickel Ore

4. Chromite Ore

5. Copper Ores

7. South Korea- The total Annual valuation of iron ore exported from Brazil to South Korea in 2024–765 million US dollars

Top 5 variants of goods exported

1. Hot Briquetted Iron

2. Oxidized Pellet

3. Reduced Pellet

4. Iron Ore Fines

5. Iron Concentrate

8. India- The total Annual valuation of iron ore exported from Brazil to India in 2024–456 million US dollars

Top 5 variants of goods exported

1. Goethite

2. Banded Iron Formation

3. Iron Sand

4. Iron Ore Pellets

5. Direct Reduced Iron

9. Spain- The total Annual valuation of iron ore exported from Brazil to Spain in 2024–342 million US dollars

Top 5 variants of goods exported

1. Black Iron Oxide

2. Hematite

3. Limonite

4. Magnetite

5. Siderite

10. Chile- The total Annual valuation of iron ore exported from Brazil to Chile in 2024–289 million US dollars

Top 5 variants of goods exported

1. Hematite Iron Ore

2. Manganese Ore

3. Chromite Ore

4. Nickel Laterite Ore

5. Iron-rich Meteorites

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