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Who buys Brazil’s steel? Export destinations 2024

In 2024, Brazil exported $6 billion of steel (8.8 million tonnes), 1.7% of the world total. The United States bought 57% of the total, followed by Argentina (9%) and Mexico (4%). Brazil was the world’s 19th-largest exporter of steel.

Summary

Value
$6billion
Tonnes
8.8million tonnes
Share of world total
1.7%
World rank
19th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States3.4Tonnes: 5,374,835USD per tonne: $63956.8%Sea
Argentina0.54Tonnes: 471,443USD per tonne: $1,1539%Land
Mexico0.27Tonnes: 381,958USD per tonne: $7104.5%Sea
Dominican Republic0.26Tonnes: 397,532USD per tonne: $6614.4%Sea
Canada0.26Tonnes: 443,726USD per tonne: $5794.3%Sea
Peru0.2Tonnes: 311,952USD per tonne: $6413.3%Sea
Colombia0.14Tonnes: 213,793USD per tonne: $6442.3%Sea
Germany0.11Tonnes: 144,434USD per tonne: $7371.8%Sea
France0.09Tonnes: 135,407USD per tonne: $6911.6%Sea
United Kingdom0.09Tonnes: 120,859USD per tonne: $7311.5%Sea
Portugal0.08Tonnes: 140,692USD per tonne: $5931.4%Sea
Paraguay0.07Tonnes: 74,680USD per tonne: $9201.1%Land
Bolivia0.06Tonnes: 88,953USD per tonne: $7151.1%Land
Costa Rica0.05Tonnes: 101,104USD per tonne: $5240.88%Sea
Spain0.04Tonnes: 56,525USD per tonne: $7520.7%Sea
South Korea0.04Tonnes: 57,088USD per tonne: $6450.61%Sea
Poland0.04Tonnes: 51,839USD per tonne: $6760.58%Sea
Chile0.03Tonnes: 35,810USD per tonne: $9030.53%Sea
Netherlands re-exports0.03Tonnes: 2,586USD per tonne: $9,7820.42%Sea
Honduras0.02Tonnes: 38,015USD per tonne: $6150.39%Sea

Trend

Who it sells to

The United States has been its main destination since 2011

Value in USD billions. The five largest destinations in 2024.

  • United States 3.4
  • Argentina 0.54
  • Mexico 0.27
  • Dominican Republic 0.26
  • Canada 0.26

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.713.4
Argentina0.230.54
Mexico0.110.27
Dominican Republic< 0.010.26
Canada0.090.26

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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