In 2023, the export value of iron ores and concentrates from Brazil stood at 20.089 billion USD. The forecasted values from 2024 to 2028 show a steady upward trend, with the value reaching 20.622 billion USD by 2028. The year-on-year variations indicate modest growth: 0.58% from 2024 to 2025, 0.57% from 2025 to 2026, 0.55% from 2026 to 2027, and 0.54% from 2027 to 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) is 0.52%, showing consistent but slow growth in the export value of iron ores and concentrates.
Future trends to watch for include potential impacts from global economic conditions, shifts in demand from major importers like China, advancements in mining technology, and changes in environmental regulations. These factors could influence both the volume and value of Brazil's iron ore exports in the coming years.
