Overview This page contains the latest trade data of Iron Ore. In 2022, Iron Ore were the world's 16th most traded product, with a total trade of $159B. Between 2021 and 2022 the exports of Iron Ore decreased by -28.4%, from $222B to $159B. Trade in Iron Ore represent 0.67% of total world trade.
Iron Ore are a part of Ores, slag and ash. They include Iron ore, concentrate, not iron pyrites,unagglomerate, Iron ore, concentrate, not iron pyrites, agglomerated, and Roasted iron pyrites.
Exports In 2022 the top exporters of Iron Ore were Australia ($87.9B), Brazil ($30.1B), Canada ($6.81B), South Africa ($4.8B), and Sweden ($3.55B).
Imports In 2022 the top importers of Iron Ore were China ($103B), Japan ($11.3B), South Korea ($7.58B), Chinese Taipei ($3.15B), and Netherlands ($3.12B).
Ranking Iron Ore ranks 1001st in the Product Complexity Index (PCI).
Description Iron ores are used in the production of steel. Iron concentrates are used in the production of pig iron. Roasted iron pyrites is used in the production of sulfuric acid.