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2022
ExportsfalseWorld Rnk 1 / 128
Flag Rnk 2 / 1208
2021 - 2022
FASTEST GROWING MARKET $29MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Origin $4.65M Mauritania
2021 - 2022
FASTEST GROWING ORIGIN $4.65MChile
2022
ECONOMIC COMPLEXITY of Australia-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $87.9B in Iron Ore, making it the 1st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 2nd most exported product in Australia. The main destination of Iron Ore exports from Australia are: China ($72.5B), Japan ($6.49B), South Korea ($5.15B), Chinese Taipei ($1.78B), and Vietnam ($876M).

The fastest growing export markets for Iron Ore of Australia between 2021 and 2022 were United Kingdom ($29M), Germany ($16.3M), and Turkey ($14.8M).

The fastest growing import markets in Iron Ore for Australia between 2021 and 2022 were Chile ($4.65M), China ($4.31M), and India ($251k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$87.9B

In 2022, Australia exported $87.9B in Iron Ore. The main destinations of Australia exports on Iron Ore were China ($72.5B), Japan ($6.49B), South Korea ($5.15B), Chinese Taipei ($1.78B), and Vietnam ($876M).

In N/A, Australia imported N/A in Iron Ore, mainly from Mauritania ($134M), Chile ($4.65M), China ($4.33M), Turkey ($318k), and India ($256k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United Kingdom$29M (183k%)
Germany$16.3M (313%)
Turkey$14.8M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Australia WERE (2021 - 2022):
China-$23.3B (-24.3%)
South Korea-$2.8B (-35.2%)
Japan-$2.64B (-28.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Australia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMalaysia+ $112M
TOP IMPORT POTENTIALChina+ $4.69M

Iron Ore’s highest export potential is Malaysia. With an export gap of $112M.   Iron Ore’s highest import potential is China with an import gap of $4.69M.

See methodology.

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