Iron Ore in China 2020 Exports | Imports : $1.39B | $99B, World Rnk 10 / 115 Rnk 289 / 1215 | World Rnk 1 / 124 Rnk 3 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $217M | $8.71B, Japan | Australia
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Iron Ore: -1.76, Rnk 986 / 1029
Exports In 2020, China exported $1.39B in Iron Ore, making it the 10th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 289th most exported product in China. The main destination of Iron Ore exports from China are: Japan ($939M), Chinese Taipei ($271M), South Korea ($88.3M), Vietnam ($36.7M), and Malaysia ($34.7M).
The fastest growing export markets for Iron Ore of China between 2019 and 2020 were Japan ($217M), Chinese Taipei ($114M), and Vietnam ($36.6M).
Imports In 2020, China imported $99B 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 ($63.9B), Brazil ($18.6B), India ($3.43B), Ukraine ($2.49B), and Canada ($2.09B).
The fastest growing import markets in Iron Ore for China between 2019 and 2020 were Australia ($8.71B), Brazil ($4.99B), and India ($1.59B).
December 2022
Overview In December 2022 China's Iron Ore exports accounted up to $191M and imports accounted up to $8.37B, resulting in a negative trade balance of $8.17B. Between December 2021 and December 2022 the exports of China's Iron Ore have decreased by $-42.9M (-18.3%) from $234M to $191M, while imports decreased by $-422M (-4.8%) from $8.79B to $8.37B.
Destinations In December 2022, Iron Ore were exported mostly to Japan ($143M), Taiwan ($26.2M), South Korea ($21.6M), Bulgaria ($181k), and Thailand ($10.4k), and were imported mostly from Australia ($5.48B), Brazil ($1.81B), Peru ($206M), South Africa ($188M), and Chile ($146M).
Growth In December 2022, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In December 2022, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Australia ($-1.18B or -16.2%), Brazil ($-495M or -17%), and India ($-258M or -81.3%).
EXPORT GROWTH (December 2021 - December 2022): $-42.9M, (-18.3%)
IMPORT GROWTH (December 2021 - December 2022): $-422M, (-4.8%)
MAIN EXPORTER (December 2022): Shandong Province, $157M
MAIN DESTINATION (December 2022): Japan, $143M
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 (2020): $1.39B
IMPORTS (2020): $99B
NET TRADE (2020): -$97.6B
In 2020, China exported $1.39B in Iron Ore. The main destinations of China exports on Iron Ore were Japan ($939M), Chinese Taipei ($271M), South Korea ($88.3M), Vietnam ($36.7M), and Malaysia ($34.7M).
In 2020, China imported $99B in Iron Ore, mainly from Australia ($63.9B), Brazil ($18.6B), India ($3.43B), Ukraine ($2.49B), and Canada ($2.09B).
In 2020, China's main exporting competitors in Iron Ore were:
In 2020, China's main importing competitors in Iron Ore were:
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