Overview This page contains the latest trade data of Iron ore, concentrate, not iron pyrites,unagglomerate. In 2020, Iron ore, concentrate, not iron pyrites,unagglomerate were the world's 11th most traded product, with a total trade of $126B. Between 2019 and 2020 the exports of Iron ore, concentrate, not iron pyrites,unagglomerate grew by 19.2%, from $106B to $126B. Trade in Iron ore, concentrate, not iron pyrites,unagglomerate represent 0.75% of total world trade.
Iron ore, concentrate, not iron pyrites,unagglomerate are a part of Iron Ore.
Exports In 2020 the top exporters of Iron ore, concentrate, not iron pyrites,unagglomerate were Australia ($79.2B), Brazil ($24.9B), Canada ($4.04B), Ukraine ($2.56B), and South Africa ($2.46B).
Imports In 2020 the top importers of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($94.5B), Japan ($7.23B), South Korea ($5.33B), Singapore ($2.23B), and Malaysia ($1.97B).
Tariffs In 2018 the average tariff for Iron ore, concentrate, not iron pyrites,unagglomerate was 1.97%, making it the 6280th lowest tariff using the HS6 product classification.
Ranking Iron ore, concentrate, not iron pyrites,unagglomerate ranks 4603rd 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.