Iron Ore in Australia | The Observatory of Economic Complexity

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Exports In 2021, Australia exported $118B 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 ($95.7B), Japan ($9.1B), South Korea ($7.92B), Chinese Taipei ($2.65B), and Vietnam ($1.39B).

The fastest growing export markets for Iron Ore of Australia between 2020 and 2021 were China ($30.8B), Japan ($4.68B), and South Korea ($3.57B).

Imports In 2021, Australia imported $144M in Iron Ore, becoming the 42nd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 273rd most imported product in Australia. Australia imports Iron Ore primarily from: Mauritania ($139M), South Africa ($4.28M), Turkey ($186k), United Kingdom ($64.3k), and Norway ($43k).

The fastest growing import markets in Iron Ore for Australia between 2020 and 2021 were Mauritania ($45.8M), South Africa ($3.4M), and Turkey ($186k).

Oct 2023

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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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EXPORTS (2021)$118B

IMPORTS (2021)$144M

NET TRADE (2021)$118B

In 2021, Australia exported $118B in Iron Ore. The main destinations of Australia exports on Iron Ore were China ($95.7B), Japan ($9.1B), South Korea ($7.92B), Chinese Taipei ($2.65B), and Vietnam ($1.39B).

In 2021, Australia imported $144M in Iron Ore, mainly from Mauritania ($139M), South Africa ($4.28M), Turkey ($186k), United Kingdom ($64.3k), and Norway ($43k).