How much iron ore does Brazil produce and export?
Brazil is the 2nd largest producer of iron ore: 420 million tonnes in 2025, 16% of the world's 2.6 billion tonnes (USGS MCS). It is the 2nd largest exporter by value: $31.3 billion in 2024, 20% of world exports of iron ore (HS 2601) (CEPII BACI). Its biggest customer is China, which takes 64% of its iron ore exports by value.
All about iron ore · All about Brazil · Iron ore price history
Brazil's iron ore production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 2 | 420 million tonnes | 16% | — | 2025 |
USGS Mineral Commodity Summaries, MCS 2026.
Brazil's iron ore exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $31.3 billion | 20% | 401.4 million t | $78 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 2601 (Iron ores and concentrates).
Where Brazil's iron ore goes
| Destination | Value | Share of Brazil's exports |
|---|---|---|
| China | $19.9B | 64% |
| Malaysia | $1.6B | 5% |
| Japan | $1.1B | 3.5% |
| South Korea | $1.1B | 3.5% |
| Bahrain | $971M | 3.1% |
The iron ore price Brazil sells into
The benchmark price, 62% Fe fines, CFR China spot, was $97.7/dmtu in September 2026, down 5% over twelve months. Its five-year volatility is 27% a year, calmer in 70% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Iron ore price history.
Cite as: Commodity Origins, "Brazil iron ore: production, exports and prices", https://commodityorigins.com/countries/BRA/iron-ore/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.