In Q1 2025, Brazil’s mining sector drove the country’s trade surplus, contributing USD 7.68 billion—or 77%—of the total USD 9.98 billion surplus, according to Ibram. Mineral exports reached USD 9.3 billion, with China receiving 68% of the shipments. Imports totaled USD 1.6 billion, led by the U.S. (20.8%), Russia, Australia, and Canada. The sector generated BRL 73.8 billion in revenue, an 8.6% year-over-year increase, with iron ore making up 53% of that total. Additionally, mining created 2,000 new jobs and generated BRL 25.5 billion in taxes and royalties, up 8%. Despite global uncertainties, Ibram expects stable performance in 2025.
Source: BP Money / Datamar News
ORE SECTOR SUSTAINS BRAZIL’S TRADE SURPLUS IN Q1 2025
Published On - 9 de May de 2025