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Iron ore, concentrate, not iron pyrites, agglomerated

260112 (Harmonized System 1992 for 6-digit)

2023
World Trade $19.4BRnk 165 / 4644
2023
Top Exporter | Top Importer $3.55B | $3.93BBrazil | China
2023
Product Complexity -1.49Rnk 4259 / 4656
2022 - 2023
Export Growth (CAGR) -13.7%Rnk 3112 / 4644
2023
Share of World Trade 0.086%Rnk 165 / 4644

About

Overview This page contains the latest trade data of Iron ore, concentrate, not iron pyrites, agglomerated. In 2023, Iron ore, concentrate, not iron pyrites, agglomerated were the world's 165th most traded product, with a total trade of $19.4B. Between 2022 and 2023 the exports of Iron ore, concentrate, not iron pyrites, agglomerated decreased by -13.7%, from $22.4B to $19.4B. Trade in Iron ore, concentrate, not iron pyrites, agglomerated represent 0.086% of total world trade.

Iron ore, concentrate, not iron pyrites, agglomerated are a part of Iron Ore.

Exports In 2023 the top exporters of Iron ore, concentrate, not iron pyrites, agglomerated  were Brazil ($3.55B), Sweden ($2.07B), Canada ($1.98B), South Africa ($1.65B), and India ($1.51B).

Imports In 2023 the top importers of Iron ore, concentrate, not iron pyrites, agglomerated were China ($3.93B), Egypt ($1.35B), Germany ($1.12B), Japan ($1.06B), and Saudi Arabia ($1.05B).

Ranking Iron ore, concentrate, not iron pyrites, agglomerated ranks 4259th in the Product Complexity Index (PCI).

Description Iron ore and concentrate are two types of raw materials used to produce steel. Iron ore is a mixture of iron oxides and silicates. Concentrate is a higher quality type of ore that contains less than 63% iron. Concentrate is predominantly used in steel production, while iron ore is used to make steel, ferroalloys, and other products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron ore, concentrate, not iron pyrites, agglomerated. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Brazil$3.55B
Top Destination (2023)China$3.93B

In 2023 Iron ore, concentrate, not iron pyrites, agglomerated were the world's 165th most traded product (out of 4,644).

In 2023, the top exporters of Iron ore, concentrate, not iron pyrites, agglomerated were Brazil ($3.55B), Sweden ($2.07B), Canada ($1.98B), South Africa ($1.65B), and India ($1.51B).

In 2023, the top importers of Iron ore, concentrate, not iron pyrites, agglomerated were China ($3.93B), Egypt ($1.35B), Germany ($1.12B), Japan ($1.06B), and Saudi Arabia ($1.05B).

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Exporters of Iron ore, concentrate, not iron pyrites, agglomerated (2023)
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Importers of Iron ore, concentrate, not iron pyrites, agglomerated (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Iran$536M
Top Destination Growth (2022 -  2023)China$1.62B

Between 2022 and 2023, the exports of Iron ore, concentrate, not iron pyrites, agglomerated grew the fastest in Iran ($536M), India ($163M), Vietnam ($113M), Kazakhstan ($93.7M), and Pakistan ($38M).

Between 2022 and 2023, the fastest growing importers of Iron ore, concentrate, not iron pyrites, agglomerated were China ($1.62B), Qatar ($121M), Indonesia ($109M), Canada ($73.6M), and Russia ($57.8M).

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Exporters of Iron ore, concentrate, not iron pyrites, agglomerated (2022 - 2023)

Importers of Iron ore, concentrate, not iron pyrites, agglomerated (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron ore, concentrate, not iron pyrites, agglomerated.

In 2023, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Iron ore, concentrate, not iron pyrites, agglomerated are explained by 14 countries.

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Value of Exports in Iron ore, concentrate, not iron pyrites, agglomerated

Net Trade

TOP NET EXPORTER (2023)Brazil$3.47B
TOP NET IMPORTER (2023)China$3.66B

This map shows which countries export or import more of Iron ore, concentrate, not iron pyrites, agglomerated. Each country is colored based on the difference in exports and imports of Iron ore, concentrate, not iron pyrites, agglomerated during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron ore, concentrate, not iron pyrites, agglomerated were Brazil ($3.47B), Sweden ($2.06B), South Africa ($1.65B), India ($1.51B), and Bahrain ($1.5B).

In 2023, the countries that had a largest trade value in imports than in exports of Iron ore, concentrate, not iron pyrites, agglomerated were China ($3.66B), Egypt ($1.34B), Japan ($1.06B), Saudi Arabia ($1.04B), and Germany ($951M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Iron ore, concentrate, not iron pyrites, agglomerated.
It is possible to select the main countries that export or import Iron ore, concentrate, not iron pyrites, agglomerated in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron ore, concentrate, not iron pyrites, agglomerated by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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