Chile accounts for 99.9% of Brazil's iron ore imports in 2026, with an HHI of 0.999 — a single-supplier dependency leaving virtually no supply redundancy.
Brazil shipped $112.9 M in precious metal ores and concentrates in the analyzed period. With an HHI of 0.991, the China channel has no real substitute in sight.
Iron ore exports to Argentina fell 67× YTD through April 2026, closely tracking a ~4% BRL appreciation — the two series carry a 0.85 correlation.
Brazil's chromite ore imports are nearly entirely from South Africa, with HHI 0.990 and only three suppliers active in Jan-Apr 2026 on a $6.3M base.
Brazil shipped 6 million tons of iron ore to India in 2025 — roughly 2,000 times above the corridor historical average, a statistically rare event.
Brazil's reliance on Spain for limestone used in cement and lime production reached extreme levels. A single supplier accounts for nearly all imports.
Brazil's tin ore exports show extreme concentration, with China absorbing the entire outbound flow in 2025, highlighting a singular market dependency.
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