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%).