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2022
Exports $1.72BWorld Rnk 10 / 128
Flag Rnk 41 / 1212
2022
Destination $84.6M China
2021 - 2022
FASTEST GROWING MARKET $84.6MTurkey
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $210MWorld Rnk 39 / 130
Flag Rnk 301 / 1206
2022
Origin $70.6M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $70.6MBrazil
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $1.72B in Iron Ore, making it the 10th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 41st most exported product in India. The main destination of Iron Ore exports from India are: China ($1.04B), Turkey ($84.6M), Slovakia ($76.8M), Indonesia ($66.6M), and Croatia ($58.2M).

The fastest growing export markets for Iron Ore of India between 2021 and 2022 were Turkey ($84.6M), Slovakia ($76.8M), and Croatia ($58.2M).

Imports In 2022, India imported $210M in Iron Ore, becoming the 39th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 301st most imported product in India. India imports Iron Ore primarily from: Brazil ($86M), Australia ($40.1M), United States ($30.6M), Canada ($20.4M), and Ukraine ($16.3M).

The fastest growing import markets in Iron Ore for India between 2021 and 2022 were Brazil ($70.6M), United States ($30.6M), and Canada ($20.4M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.72B
IMPORTS (2022)$210M
NET TRADE (2022)$1.51B

In 2022, India exported $1.72B in Iron Ore. The main destinations of India exports on Iron Ore were China ($1.04B), Turkey ($84.6M), Slovakia ($76.8M), Indonesia ($66.6M), and Croatia ($58.2M).

In 2022, India imported $210M in Iron Ore, mainly from Brazil ($86M), Australia ($40.1M), United States ($30.6M), Canada ($20.4M), and Ukraine ($16.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR India WERE (2021 - 2022):
Turkey$84.6M (1%)
Slovakia$76.8M (1%)
Croatia$58.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY India WERE (2021 - 2022):
China-$2.47B (-70.4%)
South Korea-$147M (-91.5%)
Oman-$104M (-91.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, India's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.09B
TOP IMPORT POTENTIALAustralia+ $67M

Iron Ore’s highest export potential is China. With an export gap of $1.09B.   Iron Ore’s highest import potential is Australia with an import gap of $67M.

See methodology.

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