Overview In September 2022 China's Iron Ore exports accounted up to $381M and imports accounted up to $10.4B, resulting in a negative trade balance of $10B. Between September 2021 and September 2022 the exports of China's Iron Ore have increased by $55.1M (16.9%) from $326M to $381M, while imports decreased by $-4.83B (-31.7%) from $15.2B to $10.4B.
Destinations In September 2022, Iron Ore were exported mostly to Japan ($190M), Taiwan ($108M), South Korea ($48.1M), Vietnam ($29.5M), and Indonesia ($5.1M), and were imported mostly from Australia ($6.36B), Brazil ($2.46B), South Africa ($384M), Peru ($271M), and Canada ($245M).
Growth In September 2022, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to Taiwan ($21.4M or 67.1%) and South Korea ($13.1M or 193%). In September 2022, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-40M or -77.9%), Iran ($-24.9M or -76.8%), and Russia ($-6.03M or -5.21%).