Overview In September 2021 China's Iron Ore exports accounted up to $324M and imports accounted up to $17B, resulting in a negative trade balance of $16.6B. Between September 2020 and September 2021 the exports of China's Iron Ore have increased by $214M (193%) from $111M to $324M, while imports increased by $7.02B (70.7%) from $9.93B to $17B.
Destinations In September 2021, Iron Ore were exported mostly to Japan ($223M), Taiwan ($95.1M), Indonesia ($5.64M), Macau ($55k), and Cambodia ($19.4k), and were imported mostly from Australia ($10.1B), Brazil ($4.02B), South Africa ($795M), Canada ($340M), and Ukraine ($312M).
Growth In September 2021, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to Japan ($167M or 293%) and Taiwan ($54.6M or 135%). In September 2021, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Australia ($5.02B or 99%), Brazil ($1.62B or 67.4%), and South Africa ($371M or 87.8%).