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2022
Exports $963kWorld Rnk 72 / 128
Flag Rnk 1169 / 1217
2022
Destination $234k Hungary
2021 - 2022
FASTEST GROWING MARKET $234kHungary
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $522MWorld Rnk 29 / 130
Flag Rnk 230 / 1215
2022
Origin $15.6M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $15.6MChina
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $963k in Iron Ore, making it the 72nd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1169th most exported product in Italy. The main destination of Iron Ore exports from Italy are: Hungary ($434k), Belgium ($204k), Netherlands ($107k), Germany ($55.8k), and Slovenia ($42.3k).

The fastest growing export markets for Iron Ore of Italy between 2021 and 2022 were Hungary ($234k), Belgium ($155k), and Netherlands ($107k).

Imports In 2022, Italy imported $522M in Iron Ore, becoming the 29th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 230th most imported product in Italy. Italy imports Iron Ore primarily from: Brazil ($340M), Mauritania ($104M), South Africa ($31M), India ($22.6M), and China ($15.6M).

The fastest growing import markets in Iron Ore for Italy between 2021 and 2022 were China ($15.6M), Montenegro ($99.2k), and Poland ($43.6k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Iron Ore exports accounted up to €5.91k and imports accounted up to €13.6M, resulting in a negative trade balance of €13.6M. Between March 2023 and March 2024 the exports of Italy's   Iron Ore have decreased by €-4.75k (-44.5%) from €10.7k to €5.91k, while imports decreased by €-36.1M (-72.7%) from €49.7M to €13.6M.

Destinations In March 2024, Iron Ore were exported mostly to Spain (€5.19k) and Hungary (€720), and were imported mostly from Canada (€13.5M), France (€32.4k), Spain (€350), and Netherlands (€227).

Growth In March 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In March 2024, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-12.1M or -36.3%) and Mauritania (€-9.01M or -76.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-4.75k(-44.5%)
IMPORT GROWTH (March 2023 - March 2024)€-36.1M(-72.7%)
MAIN DESTINATION (March 2024)Spain€5.19k

This section shows Iron Ore's exports and imports data at subnational level for Italy. 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)$963k
IMPORTS (2022)$522M
NET TRADE (2022)-$521M

In 2022, Italy exported $963k in Iron Ore. The main destinations of Italy exports on Iron Ore were Hungary ($434k), Belgium ($204k), Netherlands ($107k), Germany ($55.8k), and Slovenia ($42.3k).

In 2022, Italy imported $522M in Iron Ore, mainly from Brazil ($340M), Mauritania ($104M), South Africa ($31M), India ($22.6M), and China ($15.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Hungary$234k (117%)
Belgium$155k (317%)
Netherlands$107k (273k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Italy WERE (2021 - 2022):
Poland-$27.1k (-100%)
Spain-$9.51k (-30.6%)
Greece-$6.44k (-78.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Italy's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $177k
TOP IMPORT POTENTIALBrazil+ $40.7M

Iron Ore’s highest export potential is Netherlands. With an export gap of $177k.   Iron Ore’s highest import potential is Brazil with an import gap of $40.7M.

See methodology.

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