Iron Ore in China

EXPORTS (2018): $502M, World Rnk 16 / 98
Flag Rnk 518 / 1218

TOP DESTINATION (2018): $375M, Japan

FASTEST GROWING MARKET (2017 - 2018): $331M, Japan

IMPORTS (2018): $59.2B, World Rnk 1 / 118
Flag Rnk 3 / 1216

TOP ORIGIN (2018): $38.7B, Australia

FASTEST GROWING ORIGIN (2017 - 2018): $1.09B, South Africa

ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137

PRODUCT COMPLEXITY  IN Iron Ore (2018): -1.84, Rnk 985 / 1018

Overview: This page contains the latest trade data of Iron Ore in China.

Exports: In 2018, China exported $502M in Iron Ore, making it the 16th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 518th most exported product in China. The main destination of Iron Ore exports from China are: Japan ($375M), Chinese Taipei ($62.9M), South Korea ($41.5M), Bahrain ($13.9M), and Malaysia ($4.13M).

The fastest growing export markets for Iron Ore of China between 2017 and 2018 were Japan ($331M), Chinese Taipei ($62.9M), and South Korea ($37.1M).

Imports: In 2018, China imported $59.2B in Iron Ore, becoming the 1st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 3rd most imported product in China. China imports Iron Ore primarily from: Australia ($38.7B), Brazil ($11B), South Africa ($2.54B), India ($967M), and Iran ($941M).

The fastest growing import markets in Iron Ore for China between 2017 and 2018 were South Africa ($1.09B), Brazil ($335M), and Canada ($322M).

Overview: In July 2020 China's Iron Ore exports accounted up to $64.4M and imports accounted up to $10.9B, resulting in a negative trade balance of $10.9B. Between July 2019 and July 2020 the exports of China's   Iron Ore have decreased by $-15.2M (-19.1%) from $79.6M to $64.4M, while imports increased by $2.19B (25.1%) from $8.74B to $10.9B.

Destinations: In July 2020 Iron Ore exported mostly to Japan ($39.7M), Taiwan ($18.1M), Malaysia ($3.93M), Indonesia ($2.69M), and Turkey ($16.8k), and imported mostly from Australia ($6.7B), Brazil ($2.13B), India ($439M), Ukraine ($362M), and South Africa ($306M).

Growth: In July 2020, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to Japan ($-60.7M or -74%). In July 2020, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Australia ($1.01B or 21.1%), Brazil ($876M or 114%), and Ukraine ($222M or 212%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-15.2M, (-19.1%)

IMPORT GROWTH (July 2019 - July 2020): $2.19B, (25.1%)

MAIN EXPORTER (July 2020): Liaoning Province, $39.7M

MAIN DESTINATION (July 2020): Japan, $39.7M

This section shows Iron Ore's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Ore over time.

Value

EXPORTS (2018): $502M

IMPORTS (2018): $59.2B

NET TRADE (2018): -$58.7B

In 2018, China exported $502M in Iron Ore. The main destinations of China exports on Iron Ore were Japan ($375M), Chinese Taipei ($62.9M), South Korea ($41.5M), Bahrain ($13.9M), and Malaysia ($4.13M).

In 2018, China imported $59.2B in Iron Ore, mainly from Australia ($38.7B), Brazil ($11B), South Africa ($2.54B), India ($967M), and Iran ($941M).

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IN 2018, China HAD A POSITIVE NET TRADE IN Iron Ore WITH:

  • Japan, $375M ($375M - $27.2k)
  • Chinese Taipei, $62.9M ($62.9M - $0)
  • South Korea, $41.2M ($41.5M - $237k)

IN 2018, China HAD A NEGATIVE NET TRADE IN Iron Ore WITH:

  • Australia, -$38.7B ($86.2k - $38.7B)
  • Brazil, -$11B ($0 - $11B)
  • South Africa, -$2.54B ($6.88k - $2.54B)
Flow

THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR China WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY China WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, China's main exporting competitors in Iron Ore were:

In 2018, China's main importing competitors in Iron Ore were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Iron Ore in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Iron Ore in the imports of China were of 0% around the world.

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