What percentage of Brazil’s exports is iron ore?

How much iron ore Does Brazil export?

In 2019, iron ore exports from Brazil amounted to approximately 351 million metric tons, a decrease of 10 percent in comparison to the previous year. This was also the lowest figure reported since 2014. Nevertheless, the value of Brazilian iron ore exports registered a year-on-year increase of 12.2 percent that year.

What is the #1 export of Brazil?

In 2019, Brazil most exported products were soybean and crude oil or bituminous mineral oils, reaching an export value of 26.1 billion U.S. dollars and 24.2 billion dollars, respectively. Iron ore and its concentrates was Brazil third most exported product, with 22.7 billion U.S. dollars worth of exports.

How much iron ore does Brazil have?

The country’s iron ore production was 410 million tons in 2019. Brazil is the second largest global iron ore exporter and has the second position in the reserve ranking: under Brazilian soil there are at least 29 billion tons . The largest reserves are currently in the states of Minas Gerais and Pará.

Who does Brazil export iron ore to?

China was by far the leading country of destination for iron ore exports from Brazil in 2020, accounting for nearly three quarters of the South American country’s iron ore export value that year. Malaysia followerd in second, representing 6.6 percent of iron ore exports from Brazil.

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Who buys Australias iron ore?

This iron ore trade, almost exclusively, has pushed Australia’s merchandise exports to a record $39.2 billion. The figures show overall exports to China increased 16 per cent, driven almost entirely by the $2 billion lift in iron ore shipments and a 28 per cent increase in meat.

Who is the biggest iron ore producer?

The world’s top five largest iron ore producing countries in 2020

  1. Australia – 900 million tonnes. …
  2. Brazil – 400 million tonnes. …
  3. China – 340 million tonnes. …
  4. India – 230 million tonnes. …
  5. Russia – 95 million tonnes.

What is Brazil’s biggest industry?

The services sector is the largest sector in Brazil contributing almost 65% to its gross domestic product. 7 The decreasing share of agriculture and industry over the years was taken up by the service sector, which has contributed more than 50% of the country’s GDP since the 1990s.

What is Brazil’s biggest import?

Brazil imports mainly manufactured goods (85 percent of total imports), namely machinery, fuels and lubricants, chemicals and pharmaceutical products, and parts and accessories for motor vehicles and tractors. The country also imports raw materials (10 percent), mostly crude oil, coal, natural gas and wheat grain.

Who is Brazil’s biggest trading partner?

Also shown is each import country’s percentage of total Brazilian exports.

  • China: US$67.7 billion (32.3% of total Brazilian exports)
  • United States: $21.6 billion (10.3%)
  • Argentina: $8.5 billion (4%)
  • Netherlands: $7.4 billion (3.5%)
  • Canada: $4.2 billion (2%)
  • Japan: $4.1 billion (2%)
  • Germany: $4.1 billion (2%)
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