This amount surpassed the previous record of 39.5 million tons set in December 2015. As a result, Brazil further solidified its position as the world's second-largest iron ore exporter after Australia.
Compared to July 2024, there was a 4.7% increase in export volume. However, due to the decline in prices, revenue declined compared to the same period last year. Brazil earned USD 2.62 billion from iron ore exports in July 2025, representing an 8.8% annual revenue loss in this area. Average export prices decreased by approximately 13% compared to July 2024.
The Brazilian Mining Institute (Ibram) attributed this increase in export volume to improved operational efficiency, strategic market moves, and a recovery in global demand. In a statement from Ibram, it was noted that the progress of major projects in China and the resumption of production contributed to a revival of confidence in the sector in June and July.
Officials emphasize that Brazil could maintain its strong export performance in the coming months if global demand remains robust and domestic production conditions continue to stabilize.
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