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Classification 51281 for Standard International Trade Classification (SITC).

2018
World Trade $90.7BRnk 39 / 414
2018
Top Exporter | Top Importer $47.1B | $56.6BAustralia | China
2017 - 2018
Export Growth (CAGR) -5.48%Rnk 393 / 414

About

Overview This page contains the latest trade data of Iron ore and concentrates. In 2018, Iron ore and concentrates were the world's 39th most traded product, with a total trade of $90.7B. Between 2017 and 2018 the exports of Iron ore and concentrates decreased by -5.48%, from $95.9B to $90.7B. Trade in Iron ore and concentrates represent 0.47% of total world trade.

Iron ore and concentrates are a part of Metalliferous ores and metal scrap. They include Iron Ore, Iron Ore Agglomerates, and Iron ore and concentrates.

Exports In 2018 the top exporters of Iron ore and concentrates  were Australia ($47.1B), Brazil ($20.2B), South Africa ($4.28B), Canada ($4.11B), and Ukraine ($2.87B).

Imports In 2018 the top importers of Iron ore and concentrates were China ($56.6B), Japan ($7.04B), South Korea ($4.31B), Netherlands ($2.01B), and Rest of the world ($1.54B).

Historical Data

Exporters and Importers

Top Origin (2018)Australia$47.1B
Top Destination (2018)China$56.6B

In 2018 Iron ore and concentrates were the world's 39th most traded product (out of 414).

In 2018, the top exporters of Iron ore and concentrates were Australia ($47.1B), Brazil ($20.2B), South Africa ($4.28B), Canada ($4.11B), and Ukraine ($2.87B).

In 2018, the top importers of Iron ore and concentrates were China ($56.6B), Japan ($7.04B), South Korea ($4.31B), Netherlands ($2.01B), and Rest of the world ($1.54B).

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Exporters of Iron ore and concentrates (2018)
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Importers of Iron ore and concentrates (2018)
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Market Dynamics

Color
Top Origin Growth (2017 -  2018)Bahrain$990M
Top Destination Growth (2017 -  2018)Rest of the world$1.54B

Between 2017 and 2018, the exports of Iron ore and concentrates grew the fastest in Bahrain ($990M), Canada ($770M), Sweden ($723M), China ($576M), and Malaysia ($365M).

Between 2017 and 2018, the fastest growing importers of Iron ore and concentrates were Rest of the world ($1.54B), Saudi Arabia ($1.06B), Netherlands ($1.06B), Bahrain ($576M), and Vietnam ($540M).

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Exporters of Iron ore and concentrates (2017 - 2018)

Importers of Iron ore and concentrates (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron ore and concentrates.

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Value of Exports in Iron ore and concentrates

Net Trade

TOP NET EXPORTER (2018)Australia$47.1B
TOP NET IMPORTER (2018)China$55.9B

This map shows which countries export or import more of Iron ore and concentrates. Each country is colored based on the difference in exports and imports of Iron ore and concentrates during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Iron ore and concentrates were Australia ($47.1B), Brazil ($20.2B), South Africa ($4.24B), Canada ($3.3B), and Ukraine ($2.42B).

In 2018, the countries that had a largest trade value in imports than in exports of Iron ore and concentrates were China ($55.9B), Japan ($7.04B), South Korea ($4.31B), Netherlands ($1.99B), and Germany ($1.39B).

Net Trade (2018)

Disaggregation

Value

In 2018, the world most traded Iron ore and concentrates, disaggragated by their HS6 level were Iron Ore ($73.9B) and Iron Ore Agglomerates ($16.8B)

Subgroup Disaggregation for Iron ore and concentrates (2018)
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