Key Facts
—Copper. Ore and concentrate exports reached $3.87bn in the first half of 2026, up 84% from $2.10bn, on trade ministry data.
—Iron ore. Shipments totalled $13.4bn, up 5.2%, at 189.4 million tonnes.
—The comparison. Those two ores alone came to $17.27bn — roughly what Brazil sold the entire United States in the same six months ($17.4bn).
—The exemption. Iron ore sits on the annex of goods carved out of the proposed 25% Section 301 tariff. Copper is excluded under separate metals tariffs.
