Iron Ore exporting countries in the world

Iron ore is a metallic element that covers 5% of the Earth’s crust. By extracting crude iron ore from the ground and separating the impurities, a dark silver-brown iron powder is obtained. 

Iron Ore export; China’s increase in iron ore imports has been driven by growth in production and rising consumption, but China’s domestic policies and regulations are in line with environmental regulations, which buy only high-grade, high-quality iron ore, while only a certain range of producers. Iranians offer products with high purity and grade, and in contrast to the high volume of Iranian products, hematite iron ore with apo below 16% or low grade iron ore, for which the demand is lower than other grades, and even the demand for Some carats are also zero.

Which is the largest producer of iron ore?

As the world’s largest producer, consumer and importer of iron ore in 2014, China produced 1.5 billion tons of iron ore, which is equivalent to 47% of total world production.

China’s iron ore reserves amounted to 6.9 billion tons in 2014, making it the fifth most abundant iron ore reserves after Australia, Brazil, Russia and India. China is not only the largest producer of iron ore, but also the largest importer of this mineral.

iron ore export data:

Iron ore exports in 2019 were about $ 122.5 billion, and overall reports show that the value of iron ore exports increased by about 74.2% compared to 2015. Iron ore exports this year are reported at $ 70.3 billion. Compared to 2018, the export of this product has increased by 30.3%.

Iron Ore export to different countries

iron ore importing countries; according to the latest report of the World Steel Association (WSA), China imported 820 million and 175 thousand tons of iron ore last year. This amount of imports in 2012 was equivalent to 745 million and 434 thousand tons. In other words, China’s iron ore imports increased by 10% last year.

After China, Japan was the second largest importer of iron ore in the world with 135 million and 886 thousand tons, and South Korea was the third largest importer with 63 million and 372 thousand tons.

Also Germany with import of 40 million and 930 thousand tons, Netherlands with import of 31 million and 883 thousand tons, Taiwan with import of 21 million and 773 thousand tons, France with import of 15 million and 285 thousand tons, Britain with import of 14 million and 137 thousand tons , Turkey with 8 million 114 thousand tons and the Philippines with 6 million 891 thousand tons were ranked fourth to tenth largest importers of iron ore in the world in 2013.

Total global iron ore imports in 2013 amounted to 1 billion 276 million 152 thousand tons, which compared to 2012 grew by 5.7 percent.