— Exports of iron ore from Brazil increased by 3% in 2023 over 2022, with the highest share being exported to China. Brazil's iron ore exports are expected to grow at a CAGR of 1.82% between 2023 and 2027. Leading producers of iron ore in Brazil are Vale, Companhia Siderurgica Nacional, Anglo American and ArcelorMittal.

In 2022, the top exporters of Iron Ore were Australia ($87.9B), Brazil ($30.1B), Canada ($6.81B), South Africa ($4.8B), and Sweden ($3.55B). In 2022, the top importers of Iron Ore were China ($103B), Japan ($11.3B), South Korea ($7.58B), Chinese Taipei ($3.15B), and Netherlands ($3.12B).

 — Brazil accounted for nearly a 19 percent share of the total global iron ore exports in 2023 based on value. That placed Brazil as the world's second-largest iron ore exporting country...

Brazil exported 16.1mn t of iron ore in the first two weeks of May, according to preliminary data, putting overseas shipments on track to reach their highest in seven and a half years. Exports could increase to around 39.3mn t in May if the current pace is sustained, which would be the highest monthly total since December 2015.

 — Iron ore exports from Brazil have recovered to 7.4Mt/wk, at a seasonal record for the second time in 2024. Cumulative exports have risen +13% YoY and are standing at a 7-year high of 91.6Mt.

 — In 2023, iron ore exports from Brazil amounted to approximately 379 million metric tons. That was a ten percent increase compared to the previous year. Brazil is one of the world's...

 — After another disappointing first half of the year, Brazilian iron ore export volumes are finally showing signs of improvement. Total shipments from the world's second-largest iron ore exporter over the first half of the year stand at 167.7m tonnes, according to our tracking of vessel movements.

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).

 — In 2021, Brazil exported 357.7 million tons of iron ore, compared to 341.6 million tons in the previous year. Iron ore accounted for 74% of mineral exports in 2021, compared to 66% in 2020; this robust growth provided a revenue of over R$ 250 billion.

From 2022 to 2023, the total cost of iron ore exports flatlined via a 1.7% upturn from $158.7 billion. The 5 top exporters of iron ore are Australia, Brazil, Canada, South Africa and India. Collectively, those 5 international suppliers generated 85.8% …