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Iron ore, concentrate, not iron pyrites,unagglomerate

260111 (Harmonized System 1992 for 6-digit)

2023
World Trade $142BRnk 15 / 4644
2023
Top Exporter | Top Importer $85B | $108BAustralia | China
2023
Product Complexity -2.16Rnk 4572 / 4656
2022 - 2023
Export Growth (CAGR) -7.25%Rnk 2385 / 4644
2023
Share of World Trade 0.63%Rnk 15 / 4644

About

Overview This page contains the latest trade data of Iron ore, concentrate, not iron pyrites,unagglomerate. In 2023, Iron ore, concentrate, not iron pyrites,unagglomerate were the world's 15th most traded product, with a total trade of $142B. Between 2022 and 2023 the exports of Iron ore, concentrate, not iron pyrites,unagglomerate decreased by -7.25%, from $153B to $142B. Trade in Iron ore, concentrate, not iron pyrites,unagglomerate represent 0.63% of total world trade.

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

Exports In 2023 the top exporters of Iron ore, concentrate, not iron pyrites,unagglomerate  were Australia ($85B), Brazil ($30.4B), South Africa ($5.2B), Canada ($5.14B), and India ($2.36B).

Imports In 2023 the top importers of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($108B), Japan ($8.24B), South Korea ($6.13B), Chinese Taipei ($2.18B), and Germany ($2.17B).

Ranking Iron ore, concentrate, not iron pyrites,unagglomerate ranks 4572nd in the Product Complexity Index (PCI).

Description Iron ore is any rock containing iron minerals. These minerals are usually hematite or magnetite, or both. Iron ore is heated to form a liquid slag on the top and a solid lump of iron ore called a concentrate at the bottom. The slag is removed and the concentrate is typically smelted in a blast furnace to produce molten iron, which is then used to make steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron ore, concentrate, not iron pyrites,unagglomerate. 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)Australia$85B
Top Destination (2023)China$108B

In 2023 Iron ore, concentrate, not iron pyrites,unagglomerate were the world's 15th most traded product (out of 4,644).

In 2023, the top exporters of Iron ore, concentrate, not iron pyrites,unagglomerate were Australia ($85B), Brazil ($30.4B), South Africa ($5.2B), Canada ($5.14B), and India ($2.36B).

In 2023, the top importers of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($108B), Japan ($8.24B), South Korea ($6.13B), Chinese Taipei ($2.18B), and Germany ($2.17B).

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

Color
Top Origin Growth (2022 -  2023)India$1.75B
Top Destination Growth (2022 -  2023)Malaysia$469M

Between 2022 and 2023, the exports of Iron ore, concentrate, not iron pyrites,unagglomerate grew the fastest in India ($1.75B), Brazil ($543M), Iran ($434M), Sierra Leone ($301M), and Philippines ($255M).

Between 2022 and 2023, the fastest growing importers of Iron ore, concentrate, not iron pyrites,unagglomerate were Malaysia ($469M), Netherlands ($263M), India ($248M), Indonesia ($127M), and Algeria ($94.3M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.11. This means that most of the exports of Iron ore, concentrate, not iron pyrites,unagglomerate are explained by 4 countries.

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

Net Trade

TOP NET EXPORTER (2023)Australia$84.8B
TOP NET IMPORTER (2023)China$108B

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron ore, concentrate, not iron pyrites,unagglomerate were Australia ($84.8B), Brazil ($30.4B), South Africa ($5.2B), Canada ($5.11B), and India ($1.91B).

In 2023, the countries that had a largest trade value in imports than in exports of Iron ore, concentrate, not iron pyrites,unagglomerate were China ($108B), Japan ($8.24B), South Korea ($6.09B), Chinese Taipei ($2.18B), and Germany ($2.16B).

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,unagglomerate.
It is possible to select the main countries that export or import Iron ore, concentrate, not iron pyrites,unagglomerate 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,unagglomerate 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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