Brazil: Ore exports to $37 billion in 2020

Eltrak - Cat banner ad
Papagiannoulis banner ad

Brazil’s ore production amounted to 1 billion tons in 2020, recording an increase of 2.5% compared to 2019, according to data from the Ibram Association.

At the same time, the value of ore exports rose to $37 billion compared to $33 billion in 2019, mainly due to increased Chinese demand for iron ore and the devaluation of the Brazilian real currency.

Stonetech banner ad
Stonetech banner ad

Last year, iron ore accounted for 66% of the country’s revenue from the ore industry, while the corresponding percentage of gold was 11%. 342 million tonnes of iron ore were exported from Brazil in 2020, when in 2019 exports were at 340 million tonnes.