2022
Exports
$2.84BWorld Rnk 7 / 128
Flag Rnk 242 / 1216
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$103BWorld Rnk 1 / 130
Flag Rnk 3 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.84B in Iron Ore, making it the 7th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 242nd most exported product in China. The main destination of Iron Ore exports from China are: Japan ($1.96B), Chinese Taipei ($627M), Vietnam ($101M), South Korea ($85.3M), and Serbia ($16.3M).

The fastest growing export markets for Iron Ore of China between 2021 and 2022 were Japan ($589M), Vietnam ($101M), and Serbia ($16.3M).

Imports In 2022, China imported $103B 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 ($72.5B), Brazil ($18.2B), Canada ($1.67B), Peru ($1.47B), and South Africa ($1.36B).

The fastest growing import markets in Iron Ore for China between 2021 and 2022 were Sierra Leone ($324M), Oman ($62.8M), and Estonia ($8.3M).

Latest Trends

April 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$-89.5M(-31.6%)
IMPORT GROWTH (April 2023 - April 2024)$616M(5.65%)
MAIN EXPORTER (April 2024)Shandong Province$192M
MAIN DESTINATION (April 2024)Japan$134M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.84B
IMPORTS (2022)$103B
NET TRADE (2022)-$100B

In 2022, China exported $2.84B in Iron Ore. The main destinations of China exports on Iron Ore were Japan ($1.96B), Chinese Taipei ($627M), Vietnam ($101M), South Korea ($85.3M), and Serbia ($16.3M).

In 2022, China imported $103B in Iron Ore, mainly from Australia ($72.5B), Brazil ($18.2B), Canada ($1.67B), Peru ($1.47B), and South Africa ($1.36B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$589M (42.8%)
Vietnam$101M (669k%)
Serbia$16.3M (585k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY China WERE (2021 - 2022):
South Korea-$98.5M (-53.6%)
Indonesia-$35.6M (-75.4%)
Chinese Taipei-$24.1M (-3.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, China's main importing competitors in Iron Ore were:

Explore Visualizations

Trade Value of Iron Ore by Exporters

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