Overview In August 2022 China's Iron Ore exports accounted up to $218M and imports accounted up to $10.8B, resulting in a negative trade balance of $10.6B. Between August 2021 and August 2022 the exports of China's Iron Ore have decreased by $-129M (-37.2%) from $347M to $218M, while imports decreased by $-9.43B (-46.6%) from $20.2B to $10.8B.
Destinations In August 2022, Iron Ore were exported mostly to Japan ($166M), Taiwan ($40M), South Korea ($11.9M), Macau ($31.3k), and Bulgaria ($27k), and were imported mostly from Australia ($6.98B), Brazil ($2.28B), South Africa ($543M), Canada ($181M), and Peru ($154M).
Growth In August 2022, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to Japan ($-21.5M or -29%). In August 2022, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-40M or -77.9%), Iran ($-24.9M or -76.8%), and Russia ($-6.03M or -5.21%).