According to the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC), Brazil exported approximately 27 million tons of iron ore in May, going up by 4.3% in the previous month and hiking by 24.2% from the same month a year ago. The export value was around US$3.5 billion, up by 2.9% from last month, skyrocketing by 156% year on year.

In the first five months of 2021, Brazil exported roughly 134 million tons, increasing by 16.1% from the same period last year. Among them, China was the major destination, followed by Malaysia and Bahrain.