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2023
Exports $356World Rnk 115 / 127
Flag Rnk 757 / 858
falsefalse Turkey
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2023
Imports $50.8kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Ethiopia-0.84Rnk 101 / 132

About

Exports In 2023, Ethiopia exported $356 in Iron Ore, making it the 115th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 757th most exported product in Ethiopia. The main destination of Iron Ore exports from Ethiopia are: Turkey ($356).

The fastest growing export markets for Iron Ore of Ethiopia between N/A and 2023 were Turkey ($356).

Imports In 2021, Ethiopia imported $50.8k in Iron Ore, becoming the 0th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 0th most imported product in Ethiopia. Ethiopia imports Iron Ore primarily from: N/A.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$356
IMPORTS (2021)$50.8k
NET TRADE (2023)$356

In 2023, Ethiopia exported $356 in Iron Ore. The main destinations of Ethiopia exports on Iron Ore were Turkey ($356).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Ethiopia WERE (N/A - 2023):Turkey$356 (1%)
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Change in Exports by Market (2021 - 2023)

Market Concentration

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Flow
Type
In 2023, Ethiopia's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Ethiopia's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.32k
TOP IMPORT POTENTIALAustralia+ $814

Iron Ore’s highest export potential is China. With an export gap of $1.32k.   Iron Ore’s highest import potential is Australia with an import gap of $814.

See methodology.

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