Overview In February 2024 China's Iron Ore exports accounted up to $252M and imports accounted up to $12.9B, resulting in a negative trade balance of $12.7B. Between February 2023 and February 2024 the exports of China's Iron Ore have increased by $70.9M (39.3%) from $181M to $252M, while imports increased by $2.75B (27%) from $10.2B to $12.9B.
Destinations In February 2024, Iron Ore were exported mostly to Japan ($122M), Taiwan ($65.9M), Vietnam ($43.5M), South Korea ($20.6M), and Thailand ($15.1k), and were imported mostly from Australia ($7.01B), Brazil ($3.26B), India ($655M), South Africa ($467M), and Chile ($220M).
Growth In February 2024, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to N/A. In February 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from India ($152M or 246%), Canada ($66.7M or 48.5%), and Iran ($45.1M or 710%).