Iron Ore in China 2019 Exports | Imports : $979M | $83.1B, World Rnk 13 / 115 Rnk 362 / 1216 | World Rnk 1 / 130 Rnk 3 / 1212
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $359M | $16.4B, Japan | Australia
2019 ECONOMIC COMPLEXITY of China: 1, Rnk 30 / 147
2019 PRODUCT COMPLEXITY IN Iron Ore: -1.86, Rnk 999 / 1029
Exports In 2019, China exported $979M in Iron Ore, making it the 13th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 362nd most exported product in China. The main destination of Iron Ore exports from China are: Japan ($731M), Chinese Taipei ($159M), South Korea ($67.5M), Malaysia ($20.5M), and Iraq ($440k).
The fastest growing export markets for Iron Ore of China between 2018 and 2019 were Japan ($359M), Chinese Taipei ($96.2M), and South Korea ($26.8M).
Imports In 2019, China imported $83.1B 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 ($55.1B), Brazil ($13.6B), South Africa ($3.51B), India ($1.84B), and Ukraine ($1.29B).
The fastest growing import markets in Iron Ore for China between 2018 and 2019 were Australia ($16.4B), Brazil ($2.6B), and South Africa ($968M).
July 2021
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%).
EXPORT GROWTH (July 2020 - July 2021): $309M, (480%)
IMPORT GROWTH (July 2020 - July 2021): $6.98B, (63.9%)
MAIN EXPORTER (July 2021): Shandong Province, $194M
MAIN DESTINATION (July 2021): Japan, $221M
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 (2019): $979M
IMPORTS (2019): $83.1B
NET TRADE (2019): -$82.1B
In 2019, China exported $979M in Iron Ore. The main destinations of China exports on Iron Ore were Japan ($731M), Chinese Taipei ($159M), South Korea ($67.5M), Malaysia ($20.5M), and Iraq ($440k).
In 2019, China imported $83.1B in Iron Ore, mainly from Australia ($55.1B), Brazil ($13.6B), South Africa ($3.51B), India ($1.84B), and Ukraine ($1.29B).
IN 2019, China HAD A POSITIVE NET TRADE IN Iron Ore WITH:
IN 2019, China HAD A NEGATIVE NET TRADE IN Iron Ore WITH:
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR China WERE (2018 - 2019):
In 2019, China's main exporting competitors in Iron Ore were:
In 2019, China's main importing competitors in Iron Ore were:
In 2018, the tariffs for Iron Ore in the imports of China were of 0% around the world.