HS Icon Iron Ore in  Flag Australia

2020
Exports | Imports
: $79.6B | $97.6M, World Rnk 1 / 115
Flag Rnk 1 / 1205 | World Rnk 43 / 124
Flag Rnk 312 / 1203

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $8.71B | $1.86M, China |  Chile

2020
ECONOMIC COMPLEXITY of Australia
: -0.31, Rnk 74 / 127

2020
PRODUCT COMPLEXITY  IN Iron Ore
: -1.76, Rnk 986 / 1029

Exports In 2020, Australia exported $79.6B in Iron Ore, making it the 1st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1st most exported product in Australia. The main destination of Iron Ore exports from Australia are: China ($63.9B), Japan ($4.43B), South Korea ($4.35B), Singapore ($2.13B), and Hong Kong ($1.94B).

The fastest growing export markets for Iron Ore of Australia between 2019 and 2020 were China ($8.71B), Singapore ($1.95B), and Hong Kong ($1.79B).

Imports In 2020, Australia imported $97.6M in Iron Ore, becoming the 43rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 312th most imported product in Australia. Australia imports Iron Ore primarily from: Mauritania ($93.2M), Chile ($3.44M), South Africa ($879k), United Kingdom ($49k), and United States ($30.2k).

The fastest growing import markets in Iron Ore for Australia between 2019 and 2020 were Chile ($1.86M), United States ($27.1k), and Canada ($8.24k).

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $79.6B

IMPORTS (2020): $97.6M

NET TRADE (2020): $79.5B

In 2020, Australia exported $79.6B in Iron Ore. The main destinations of Australia exports on Iron Ore were China ($63.9B), Japan ($4.43B), South Korea ($4.35B), Singapore ($2.13B), and Hong Kong ($1.94B).

In 2020, Australia imported $97.6M in Iron Ore, mainly from Mauritania ($93.2M), Chile ($3.44M), South Africa ($879k), United Kingdom ($49k), and United States ($30.2k).

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Flow

THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Australia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Australia WERE (2019 - 2020):

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Market Concentration

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In 2020, Australia's main exporting competitors in Iron Ore were:

In 2020, Australia's main importing competitors in Iron Ore were:

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