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2023
Exports $1.93MWorld Rnk 66 / 127
Flag Rnk 963 / 1209
2023
Destination $11.8k Indonesia
2022 - 2023
FASTEST GROWING MARKET $11.8kIndia
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2023
Imports $9.3BWorld Rnk 2 / 125
Flag Rnk 12 / 1209
2023
Origin $219M Australia
2022 - 2023
FASTEST GROWING ORIGIN $219MPhilippines
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.93M in Iron Ore, making it the 66th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 963rd most exported product in Japan. The main destination of Iron Ore exports from Japan are: Indonesia ($1.65M), Philippines ($187k), Thailand ($57.9k), India ($11.8k), and United Arab Emirates ($9.79k).

The fastest growing export markets for Iron Ore of Japan between 2022 and 2023 were India ($11.8k), United Arab Emirates ($9.79k), and Chinese Taipei ($3.53k).

Imports In 2023, Japan imported $9.3B in Iron Ore, becoming the 2nd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 12th most imported product in Japan. Japan imports Iron Ore primarily from: Australia ($4.74B), Brazil ($2.2B), Canada ($897M), South Africa ($517M), and Philippines ($351M).

The fastest growing import markets in Iron Ore for Japan between 2022 and 2023 were Philippines ($219M), Chile ($35.7M), and Mauritania ($12.4M).

Latest Trends

December 2024

About

Overview In December 2024 Japan's Iron Ore exports accounted up to ¥213k and imports accounted up to ¥130B, resulting in a negative trade balance of ¥130B. Between December 2023 and December 2024 the exports of Japan's   Iron Ore have decreased by ¥-1.39M (-86.7%) from ¥1.6M to ¥213k, while imports decreased by ¥-15.4B (-10.6%) from ¥145B to ¥130B.

Destinations In December 2024, Iron Ore were exported mostly to China (¥213k), and were imported mostly from Australia (¥59.3B), Brazil (¥44B), Canada (¥17.5B), South Africa (¥8.8B), and New Zealand (¥873k).

Growth In December 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Australia (¥-7.45B or -10.2%), Chile (¥-2B or -39.7%), and United States (¥-83.2M or -2.74%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)¥-1.39M(-86.7%)
IMPORT GROWTH (December 2023 - December 2024)¥-15.4B(-10.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)China¥213k

This section shows Iron Ore's exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.93M
IMPORTS (2023)$9.3B
NET TRADE (2023)-$9.3B

In 2023, Japan exported $1.93M in Iron Ore. The main destinations of Japan exports on Iron Ore were Indonesia ($1.65M), Philippines ($187k), Thailand ($57.9k), India ($11.8k), and United Arab Emirates ($9.79k).

In 2023, Japan imported $9.3B in Iron Ore, mainly from Australia ($4.74B), Brazil ($2.2B), Canada ($897M), South Africa ($517M), and Philippines ($351M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Japan WERE (2022 - 2023):
India$11.8k (1%)
United Arab Emirates$9.79k (1%)
Chinese Taipei$3.53k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Japan WERE (2022 - 2023):
Indonesia-$578k (-26%)
Philippines-$121k (-39.3%)
Thailand-$76.4k (-56.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Iron Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Japan's main importing competitors in Iron Ore were:
China $112B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $338k
TOP IMPORT POTENTIALBrazil+ $254M

Iron Ore’s highest export potential is Indonesia. With an export gap of $338k.   Iron Ore’s highest import potential is Brazil with an import gap of $254M.

See methodology.

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