2022
Exports
$11.6MWorld Rnk 27 / 89
Flag Rnk 456 / 1208
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$3.43MWorld Rnk 41 / 144
Flag Rnk 969 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $11.6M in Iron Reductions, making it the 27th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 456th most exported product in Australia. The main destination of Iron Reductions exports from Australia are: Singapore ($11.6M), United States ($9.18k), Canada ($409), and China ($129).

The fastest growing export markets for Iron Reductions of Australia between 2021 and 2022 were Singapore ($11.6M), United States ($4.26k), and Canada ($409).

Imports In 2022, Australia imported $3.43M in Iron Reductions, becoming the 41st largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 969th most imported product in Australia. Australia imports Iron Reductions primarily from: South Africa ($2.11M), China ($744k), Thailand ($399k), United States ($145k), and United Kingdom ($24.5k).

The fastest growing import markets in Iron Reductions for Australia between 2021 and 2022 were South Africa ($2.11M), Thailand ($227k), and United States ($143k).

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 Reductions. 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)$11.6M
IMPORTS (2022)$3.43M
NET TRADE (2022)$8.21M

In 2022, Australia exported $11.6M in Iron Reductions. The main destinations of Australia exports on Iron Reductions were Singapore ($11.6M), United States ($9.18k), Canada ($409), and China ($129).

In 2022, Australia imported $3.43M in Iron Reductions, mainly from South Africa ($2.11M), China ($744k), Thailand ($399k), United States ($145k), and United Kingdom ($24.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Singapore$11.6M (1%)
United States$4.26k (86.6%)
Canada$409 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Australia WERE (2021 - 2022):
Ireland-$33.7k (-100%)
Indonesia-$225 (-100%)
Samoa-$38 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Iron Reductions were:
In 2022, Australia's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $62.9k
TOP IMPORT POTENTIALUnited States+ $191k

Iron Reductions’s highest export potential is United States. With an export gap of $62.9k.   Iron Reductions’s highest import potential is United States with an import gap of $191k.

See methodology.

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