Iron Ore in China 2021 Exports | Imports : $2.38B | $146B, World Rnk 10 / 130 Rnk 243 / 1215 | World Rnk 1 / 129 Rnk 3 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $489M | $30.8B, Japan | Australia
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Iron Ore: -1.72, Rnk 979 / 1029
Exports In 2021, China exported $2.38B in Iron Ore, making it the 10th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 243rd most exported product in China. The main destination of Iron Ore exports from China are: Japan ($1.43B), Chinese Taipei ($677M), South Korea ($192M), Indonesia ($47.5M), and Egypt ($17.1M).
The fastest growing export markets for Iron Ore of China between 2020 and 2021 were Japan ($489M), Chinese Taipei ($405M), and South Korea ($104M).
Imports In 2021, China imported $146B in Iron Ore, becoming the 1st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 3rd most imported product in China. China imports Iron Ore primarily from: Australia ($95.7B), Brazil ($28.9B), India ($3.51B), Ukraine ($2.92B), and Chile ($2.25B).
The fastest growing import markets in Iron Ore for China between 2020 and 2021 were Australia ($30.8B), Brazil ($10.3B), and South Africa ($831M).
February 2023
Overview In February 2023 China's Iron Ore exports accounted up to $181M and imports accounted up to $10.2B, resulting in a negative trade balance of $10B. Between February 2022 and February 2023 the exports of China's Iron Ore have decreased by $-18M (-9.07%) from $199M to $181M, while imports decreased by $-294M (-2.8%) from $10.5B to $10.2B.
Destinations In February 2023, Iron Ore were exported mostly to Japan ($119M), Taiwan ($52.3M), South Korea ($9.17M), Thailand ($14.3k), and France ($6.1k), and were imported mostly from Australia ($6.19B), Brazil ($2.26B), South Africa ($296M), India ($293M), and Peru ($227M).
Growth In February 2023, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In February 2023, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Australia ($-454M or -6.22%), Brazil ($-317M or -10.9%), and India ($-256M or -80.6%).
EXPORT GROWTH (February 2022 - February 2023): $-18M, (-9.07%)
IMPORT GROWTH (February 2022 - February 2023): $-294M, (-2.8%)
MAIN EXPORTER (February 2023): Shandong Province, $79.9M
MAIN DESTINATION (February 2023): Japan, $119M
This section shows Iron Ore's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Ore over time.
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EXPORTS (2021): $2.38B
IMPORTS (2021): $146B
NET TRADE (2021): -$144B
In 2021, China exported $2.38B in Iron Ore. The main destinations of China exports on Iron Ore were Japan ($1.43B), Chinese Taipei ($677M), South Korea ($192M), Indonesia ($47.5M), and Egypt ($17.1M).
In 2021, China imported $146B in Iron Ore, mainly from Australia ($95.7B), Brazil ($28.9B), India ($3.51B), Ukraine ($2.92B), and Chile ($2.25B).
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Iron Ore were:
In 2021, China's main importing competitors in Iron Ore were:
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