Brazil’s iron ore exports are rising even as global demand weakens, with shipments set to grow 4% year-on-year between January and August 2025, according to BIMCO.
Brazil now accounts for 23% of global iron ore shipments, second only to Australia at 54%. Longer voyages for Brazilian cargoes have lifted tonne-mile demand, pushing global demand up 1% year-on-year, despite a dip in overall cargo volumes.
Other exporters are facing headwinds: Australia from weather disruptions, Peru from port handling issues, and India from strong domestic demand and price competition.
The rise in Brazilian exports is being supported by robust mining activity, shifting sourcing by China, and the advantage of longer-haul shipments, helping Brazil strengthen its role in the global iron ore trade.
