Iron ore, concentrate, not iron pyrites,unagglomerate260111 (Harmonized System 1992 for 6-digit)
2020 World Trade: $126B, Rnk 11 / 4613
2020 Top Exporter | Top Importer: $79.2B | $94.5B, Australia | China
2020 Product Complexity: -1.84, Rnk 4603 / 4783
2019 - 2020 Export Growth (CAGR): 19.2%, Rnk 212 / 4613
2018 Mean Tariff: 1.97%, Rnk 6280 / 6538
2020 Share of World Trade: 0.75%, Rnk 11 / 4613
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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Iron ore, concentrate, not iron pyrites,unagglomerate are the world's 11th most traded product.
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).
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).
Trade by country
Between 2019 and 2020, the exports of Iron ore, concentrate, not iron pyrites,unagglomerate grew the fastest in Australia ($12B), Brazil ($4.42B), India ($1.36B), Canada ($848M), and Ukraine ($738M).
Between 2019 and 2020, the fastest growing importers of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($17.3B), Singapore ($1.92B), Hong Kong ($1.76B), Vietnam ($648M), and Indonesia ($287M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron ore, concentrate, not iron pyrites,unagglomerate.
In 2020, market concentration measured using Shannon Entropy, was 2. This means that most of the exports of Iron ore, concentrate, not iron pyrites,unagglomerate are explained by 3 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Iron ore, concentrate, not iron pyrites,unagglomerate were Australia ($79.1B), Brazil ($24.9B), Canada ($4.03B), Ukraine ($2.49B), and South Africa ($2.46B).
In 2020, the countries that had a largest trade value in imports than in exports of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($93.2B), Japan ($7.23B), South Korea ($5.31B), Singapore ($2.23B), and Hong Kong ($1.92B).
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.
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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