2022
Exports
$305MWorld Rnk 21 / 128
Flag Rnk 12 / 1061
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$366kWorld Rnk 70 / 130
Flag Rnk 825 / 1116
2022
ECONOMIC COMPLEXITY of Iran
0.072Rnk 60 / 133

About

Exports In 2022, Iran exported $305M in Iron Ore, making it the 21st largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 12th most exported product in Iran. The main destination of Iron Ore exports from Iran are: China ($305M), Armenia ($229k), Germany ($47.9k), Turkey ($6.65k), and Oman ($4.36k).

The fastest growing export markets for Iron Ore of Iran between 2021 and 2022 were Germany ($47.9k), Armenia ($9.82k), and Oman ($4.36k).

Imports In 2022, Iran imported $366k in Iron Ore, becoming the 70th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 825th most imported product in Iran. Iran imports Iron Ore primarily from: Turkey ($366k).

The fastest growing import markets in Iron Ore for Iran between 2021 and 2022 were Turkey ($252k).

Latest Trends

Oct 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)$305M
IMPORTS (2022)$366k
NET TRADE (2022)$305M

In 2022, Iran exported $305M in Iron Ore. The main destinations of Iran exports on Iron Ore were China ($305M), Armenia ($229k), Germany ($47.9k), Turkey ($6.65k), and Oman ($4.36k).

In 2022, Iran imported $366k in Iron Ore, mainly from Turkey ($366k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Iran WERE (2021 - 2022):
Germany$47.9k (1%)
Armenia$9.82k (4.48%)
Oman$4.36k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Iran WERE (2021 - 2022):
China-$47.7M (-13.5%)
Iraq-$31.7M (-100%)
United Arab Emirates-$816k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iran's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Iran'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+ $182M
TOP IMPORT POTENTIALTurkey+ $195k

Iron Ore’s highest export potential is China. With an export gap of $182M.   Iron Ore’s highest import potential is Turkey with an import gap of $195k.

See methodology.

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