Overview In July 2021 China's Iron Ore exports accounted up to $374M and imports accounted up to $17.9B, resulting in a negative trade balance of $17.5B. Between July 2020 and July 2021 the exports of China's Iron Ore have increased by $309M (480%) from $64.4M to $374M, while imports increased by $6.98B (63.9%) from $10.9B to $17.9B.
Destinations In July 2021, Iron Ore were exported mostly to Japan ($221M), Taiwan ($83.1M), South Korea ($56.8M), Indonesia ($13.1M), and Brazil ($16.5k), and were imported mostly from Australia ($11B), Brazil ($3.88B), South Africa ($686M), India ($536M), and Peru ($370M).
Growth In July 2021, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to Japan ($181M or 456%), Taiwan ($65M or 360%), and Indonesia ($10.4M or 385%). In July 2021, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Australia ($4.32B or 64.4%), Brazil ($1.75B or 81.9%), and South Africa ($380M or 124%).