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Pricing

2022
Exports | Imports $2.84B | $103BWorld Rnk 7 / 128
Flag Rnk 242 / 1216
World Rnk 1 / 130
Flag Rnk 3 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $589M | $324MJapan |  Sierra Leone
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Iron Ore-1.81Rnk 979 / 1025

About

Exports In 2022, China exported $2.84B in Iron Ore, making it the 7th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 242nd most exported product in China. The main destination of Iron Ore exports from China are: Japan ($1.96B), Chinese Taipei ($627M), Vietnam ($101M), South Korea ($85.3M), and Serbia ($16.3M).

The fastest growing export markets for Iron Ore of China between 2021 and 2022 were Japan ($589M), Vietnam ($101M), and Serbia ($16.3M).

Imports In 2022, China imported $103B in Iron Ore, becoming the 1st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 3rd most imported product in China. China imports Iron Ore primarily from: Australia ($72.5B), Brazil ($18.2B), Canada ($1.67B), Peru ($1.47B), and South Africa ($1.36B).

The fastest growing import markets in Iron Ore for China between 2021 and 2022 were Sierra Leone ($324M), Oman ($62.8M), and Estonia ($8.3M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Ore from China to the United States.

Latest Trends

February 2024

About

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 Pakistan ($660 or 36.3%). 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%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$70.9M(39.3%)
IMPORT GROWTH (February 2023 - February 2024)$2.75B(27%)
MAIN EXPORTER (February 2024)Shandong Province$156M
MAIN DESTINATION (February 2024)Japan$122M

This section shows Iron Ore's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.84B
IMPORTS (2022)$103B
NET TRADE (2022)-$100B

In 2022, China exported $2.84B in Iron Ore. The main destinations of China exports on Iron Ore were Japan ($1.96B), Chinese Taipei ($627M), Vietnam ($101M), South Korea ($85.3M), and Serbia ($16.3M).

In 2022, China imported $103B in Iron Ore, mainly from Australia ($72.5B), Brazil ($18.2B), Canada ($1.67B), Peru ($1.47B), and South Africa ($1.36B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR China WERE (2021 - 2022):
Japan$589M (42.8%)
Vietnam$101M (669k%)
Serbia$16.3M (585k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY China WERE (2021 - 2022):
South Korea-$98.5M (-53.6%)
Indonesia-$35.6M (-75.4%)
Chinese Taipei-$24.1M (-3.7%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, China's main importing competitors in Iron Ore were:
Japan $11.3B
South Korea $7.58B

Explore Visualizations

Trade Value of Iron Ore by Exporters

Keep Exploring

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