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).