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Top 5 Exports: Brazil

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Iron ore, crude oil, soybeans, sugar, and poultry top the list of Brazil's biggest exports.

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MINYANVILLE ORIGINAL Over the past two decades, Brazil's GDP has grown sixfold, from $427 million in 1992 to $2.4 billion in 2011 -- the year Brazil surpassed the UK to become the sixth largest economy in the world. This is in part thanks to record-breaking agricultural and oil exports, which helped cement Brazil's status as a net creditor in 2008.

From 2009 through 2011, the value of total exports from Brazil increased 67% to $256 billion, according to The United Nation's Trade Statistics Branch. This boost can be largely credited to Brazil's largest export: iron ore.

Iron Ore

Brazil is the third largest producer of iron ore in the world, behind China and Australia, at 390 million metric tons in 2011. Brazil's iron ore exports have jumped 216% to $41.8 billion in the past three years, and the Latin American leader is seconded only by Australia in iron ore exports -- each are accountable for one-third of global exports. Both countries were recently joined in the top three by South Africa, which surpassed India in iron ore exports earlier this year.

The world's largest producer of iron ore is Brazil's Vale S.A. (VALE). Vale had been Brazil's single largest exporter of any commodity, not just iron ore, until it was eclipsed in the first half of 2012 by state-owned oil producer Petrobras (PBR) as the country's largest commodity exporter.
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