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260111 (Harmonized System 1992 for 6-digit)

2022
World Trade $136BRnk 17 / 4648
2022
Top Exporter | Top Importer $87.4B | $101BAustralia | China
2022
Product Complexity -2.22Rnk 4575 / 4653
2021 - 2022
Export Growth (CAGR) -29.4%Rnk 4446 / 4648
2022
Share of World Trade 0.58%Rnk 17 / 4648

About

Overview This page contains the latest trade data of Iron ore, concentrate, not iron pyrites,unagglomerate. In 2022, Iron ore, concentrate, not iron pyrites,unagglomerate were the world's 17th most traded product, with a total trade of $136B. Between 2021 and 2022 the exports of Iron ore, concentrate, not iron pyrites,unagglomerate decreased by -29.4%, from $193B to $136B. Trade in Iron ore, concentrate, not iron pyrites,unagglomerate represent 0.58% of total world trade.

Iron ore, concentrate, not iron pyrites,unagglomerate are a part of Iron Ore.

Exports In 2022 the top exporters of Iron ore, concentrate, not iron pyrites,unagglomerate  were Australia ($87.4B), Brazil ($26.8B), Canada ($4.52B), South Africa ($2.61B), and China ($2.46B).

Imports In 2022 the top importers of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($101B), Japan ($10.2B), South Korea ($6.28B), Chinese Taipei ($2.89B), and Malaysia ($1.67B).

Ranking Iron ore, concentrate, not iron pyrites,unagglomerate ranks 4575th in the Product Complexity Index (PCI).

Description Iron ore is any rock containing iron minerals. These minerals are usually hematite or magnetite, or both. Iron ore is heated to form a liquid slag on the top and a solid lump of iron ore called a concentrate at the bottom. The slag is removed and the concentrate is typically smelted in a blast furnace to produce molten iron, which is then used to make steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron ore, concentrate, not iron pyrites,unagglomerate. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Australia$87.4B
Top Destination (2022)China$101B

In 2022 Iron ore, concentrate, not iron pyrites,unagglomerate were the world's 17th most traded product (out of 4,648).

In 2022, the top exporters of Iron ore, concentrate, not iron pyrites,unagglomerate were Australia ($87.4B), Brazil ($26.8B), Canada ($4.52B), South Africa ($2.61B), and China ($2.46B).

In 2022, the top importers of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($101B), Japan ($10.2B), South Korea ($6.28B), Chinese Taipei ($2.89B), and Malaysia ($1.67B).

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Exporters of Iron ore, concentrate, not iron pyrites,unagglomerate (2022)
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Importers of Iron ore, concentrate, not iron pyrites,unagglomerate (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$394M
Top Destination Growth (2021 -  2022)India$74.7M

Between 2021 and 2022, the exports of Iron ore, concentrate, not iron pyrites,unagglomerate grew the fastest in China ($394M), Sierra Leone ($324M), Germany ($36.9M), Bolivia ($16.4M), and Netherlands ($11.9M).

Between 2021 and 2022, the fastest growing importers of Iron ore, concentrate, not iron pyrites,unagglomerate were India ($74.7M), Singapore ($69.8M), Switzerland ($50.5M), Uruguay ($22.9M), and United Arab Emirates ($15.7M).

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Exporters of Iron ore, concentrate, not iron pyrites,unagglomerate (2021 - 2022)

Importers of Iron ore, concentrate, not iron pyrites,unagglomerate (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron ore, concentrate, not iron pyrites,unagglomerate.

In 2022, market concentration measured using Shannon Entropy, was 1.95. This means that most of the exports of Iron ore, concentrate, not iron pyrites,unagglomerate are explained by 3 countries.

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Value of Exports in Iron ore, concentrate, not iron pyrites,unagglomerate

Net Trade

TOP NET EXPORTER (2022)Australia$87.3B
TOP NET IMPORTER (2022)China$98.7B

This map shows which countries export or import more of Iron ore, concentrate, not iron pyrites,unagglomerate. Each country is colored based on the difference in exports and imports of Iron ore, concentrate, not iron pyrites,unagglomerate during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron ore, concentrate, not iron pyrites,unagglomerate were Australia ($87.3B), Brazil ($26.8B), Canada ($4.5B), South Africa ($2.61B), and Peru ($1.54B).

In 2022, the countries that had a largest trade value in imports than in exports of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($98.7B), Japan ($10.2B), South Korea ($6.26B), Chinese Taipei ($2.89B), and Vietnam ($1.61B).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron ore, concentrate, not iron pyrites,unagglomerate.
It is possible to select the main countries that export or import Iron ore, concentrate, not iron pyrites,unagglomerate in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron ore, concentrate, not iron pyrites,unagglomerate by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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