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Enhanced global steel trade monitoring
Steel Exports Report: Brazil
Background
Brazil was the tenth-largest steel exporter in the world in 2017. In 2018, Brazil exported 13.9 million metric tons of steel, down 9 percent from 15.3 million metric tons in 2017. Brazil’s exports represented about 3 percent of all steel exported globally in 2017. The volume of Brazil’s 2018 steel exports was about one-fifth the volume of the world’s largest exporter, China. In value terms, steel represented just 3.7 percent of the total goods Brazil exported in 2018.
Brazil exports steel to more than 110 countries and territories. The ten countries labeled in the map below represent the top markets for Brazil’s exports of steel, receiving more than 320 thousand metric tons each and accounting for about 75 percent of Brazil’s total steel exports in 2018.
Brazil continues to maintain a large trade surplus in steel products. Decreasing exports and rising imports caused the trade surplus to narrow by half in 2010 to just 3.1 million metric tons, before widening again, increasing 320 percent between 2010 and 2017. In 2018, the trade surplus was 11.6 million metric tons, down 11 percent from 13.0 million metric tons in 2017. Between 2009 and 2018, Brazil’s exports grew 62 percent, while imports declined 1 percent.
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