2023
Exports
$3.87BWorld Rnk 5 / 127
Flag Rnk 13 / 1212
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$451MWorld Rnk 29 / 125
Flag Rnk 189 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $3.87B in Iron Ore, making it the 5th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 13th most exported product in India. The main destination of Iron Ore exports from India are: China ($3.45B), Indonesia ($122M), Oman ($85.1M), Malaysia ($70.2M), and Brazil ($43.6M).

The fastest growing export markets for Iron Ore of India between 2022 and 2023 were China ($2.28B), Oman ($43.9M), and Indonesia ($30.6M).

Imports In 2023, India imported $451M in Iron Ore, becoming the 29th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 189th most imported product in India. India imports Iron Ore primarily from: Australia ($229M), Brazil ($67.3M), Canada ($65M), Malaysia ($36.5M), and South Africa ($21.3M).

The fastest growing import markets in Iron Ore for India between 2022 and 2023 were Australia ($189M), Canada ($56.4M), and Malaysia ($36.5M).

Latest Trends

Jan 2025

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 (2023)$3.87B
IMPORTS (2023)$451M
NET TRADE (2023)$3.42B

In 2023, India exported $3.87B in Iron Ore. The main destinations of India exports on Iron Ore were China ($3.45B), Indonesia ($122M), Oman ($85.1M), Malaysia ($70.2M), and Brazil ($43.6M).

In 2023, India imported $451M in Iron Ore, mainly from Australia ($229M), Brazil ($67.3M), Canada ($65M), Malaysia ($36.5M), and South Africa ($21.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR India WERE (2022 - 2023):
China$2.28B (196%)
Oman$43.9M (106%)
Indonesia$30.6M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY India WERE (2022 - 2023):
Turkey-$109M (-100%)
Slovakia-$66.5M (-86.6%)
Italy-$61.2M (-86.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Iron Ore were:
In 2023, India's main importing competitors in Iron Ore were:

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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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