Iron ore, concentrate, not iron pyrites, agglomerated260112 (Harmonized System 1992 for 6-digit)
2020 World Trade: $15.3B, Rnk 180 / 4613
2020 Top Exporter | Top Importer: $2.41B | $4.5B, China | Sweden
2020 Product Complexity: -0.87, Rnk 3786 / 4783
2019 - 2020 Export Growth (CAGR): -23%, Rnk 3881 / 4613
2018 Mean Tariff: 1.91%, Rnk 6292 / 6538
2020 Share of World Trade: 0.091%, Rnk 180 / 4613
Overview This page contains the latest trade data of Iron ore, concentrate, not iron pyrites, agglomerated. In 2020, Iron ore, concentrate, not iron pyrites, agglomerated were the world's 180th most traded product, with a total trade of $15.3B. Between 2019 and 2020 the exports of Iron ore, concentrate, not iron pyrites, agglomerated decreased by -23%, from $19.9B to $15.3B. Trade in Iron ore, concentrate, not iron pyrites, agglomerated represent 0.091% of total world trade.
Iron ore, concentrate, not iron pyrites, agglomerated are a part of Iron Ore.
Exports In 2020 the top exporters of Iron ore, concentrate, not iron pyrites, agglomerated were Sweden ($2.41B), Ukraine ($1.71B), Canada ($1.69B), South Africa ($1.6B), and Brazil ($1.59B).
Imports In 2020 the top importers of Iron ore, concentrate, not iron pyrites, agglomerated were China ($4.5B), Japan ($1.01B), Germany ($924M), Egypt ($771M), and Netherlands ($712M).
Tariffs In 2018 the average tariff for Iron ore, concentrate, not iron pyrites, agglomerated was 1.91%, making it the 6292nd lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Iron ore, concentrate, not iron pyrites, agglomerated are Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking Iron ore, concentrate, not iron pyrites, agglomerated ranks 3786th in the Product Complexity Index (PCI).
Description Iron ore and concentrate are two types of raw materials used to produce steel. Iron ore is a mixture of iron oxides and silicates. Concentrate is a higher quality type of ore that contains less than 63% iron. Concentrate is predominantly used in steel production, while iron ore is used to make steel, ferroalloys, and other products.
The following visualization shows the latest trends on Iron ore, concentrate, not iron pyrites, agglomerated. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Iron ore, concentrate, not iron pyrites, agglomerated are the world's 180th most traded product.
In 2020, the top exporters of Iron ore, concentrate, not iron pyrites, agglomerated were Sweden ($2.41B), Ukraine ($1.71B), Canada ($1.69B), South Africa ($1.6B), and Brazil ($1.59B).
In 2020, the top importers of Iron ore, concentrate, not iron pyrites, agglomerated were China ($4.5B), Japan ($1.01B), Germany ($924M), Egypt ($771M), and Netherlands ($712M).
Trade by country
Between 2019 and 2020, the exports of Iron ore, concentrate, not iron pyrites, agglomerated grew the fastest in Sweden ($423M), Kazakhstan ($234M), Chile ($199M), Philippines ($143M), and India ($121M).
Between 2019 and 2020, the fastest growing importers of Iron ore, concentrate, not iron pyrites, agglomerated were Malaysia ($103M), Austria ($97.7M), Egypt ($77M), Vietnam ($58.4M), and India ($49.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron ore, concentrate, not iron pyrites, agglomerated.
In 2020, market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Iron ore, concentrate, not iron pyrites, agglomerated are explained by 13 countries.
This map shows which countries export or import more of Iron ore, concentrate, not iron pyrites, agglomerated. Each country is colored based on the difference in exports and imports of Iron ore, concentrate, not iron pyrites, agglomerated during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Iron ore, concentrate, not iron pyrites, agglomerated were Sweden ($2.41B), South Africa ($1.6B), Ukraine ($1.57B), Brazil ($1.56B), and India ($1.41B).
In 2020, the countries that had a largest trade value in imports than in exports of Iron ore, concentrate, not iron pyrites, agglomerated were China ($4.32B), Japan ($1.01B), Germany ($812M), Egypt ($765M), and Netherlands ($711M).
In 2019, the world most traded Iron ore, concentrate, not iron pyrites,..., disaggragated by their HS6 level were Iron ore, concentrate, not iron pyrites,... ($15.3B)
This visualization shows the countries that have an important ratio of their trade related to Iron ore, concentrate, not iron pyrites, agglomerated. It is possible to select the main countries that export or import Iron ore, concentrate, not iron pyrites, agglomerated in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Iron ore, concentrate, not iron pyrites, agglomerated was 1.91%. The countries with the highest tariffs for importing Iron ore, concentrate, not iron pyrites, agglomerated were Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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