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Who buys India’s iron ore? Export destinations 2024

In 2024, India exported $3.4 billion of iron ore (38.3 million tonnes), 2% of the world total. China bought 90% of the total, followed by Malaysia (4%) and Indonesia (2%). India was the world’s 5th-largest exporter of iron ore.

Summary

Value
$3.4billion
Tonnes
38.3million tonnes
Share of world total
2%
World rank
5th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China3.1Tonnes: 35,243,330USD per tonne: $8790.3%Sea
Malaysia0.12Tonnes: 999,830USD per tonne: $1233.6%Sea
Indonesia0.08Tonnes: 733,815USD per tonne: $1152.5%Sea
Kenya0.04Tonnes: 412,319USD per tonne: $1041.3%Sea
South Korea0.03Tonnes: 181,652USD per tonne: $1380.74%Sea
United Kingdom0.02Tonnes: 131,207USD per tonne: $1300.5%Sea
Croatia0.01Tonnes: 76,784USD per tonne: $1910.43%Sea
Saudi Arabia0.01Tonnes: 157,461USD per tonne: $750.35%Sea
United Arab Emirates0.01Tonnes: 54,116USD per tonne: $1340.21%Sea
Nepal< 0.01Tonnes: 227,954USD per tonne: $130.09%Land
Qatar< 0.01Tonnes: 59,476USD per tonne: $400.07%Sea
Armenia< 0.01Tonnes: 271USD per tonne: $6980.01%Sea
Slovakia< 0.01Tonnes: 410USD per tonne: $3220%Sea
France< 0.01Tonnes: 5USD per tonne: $5,3170%Sea
Lebanon< 0.01Tonnes: 98USD per tonne: $990%Sea
Egypt< 0.01Tonnes: —USD per tonne: —0%Sea
Netherlands re-exports< 0.01Tonnes: 28USD per tonne: $1370%Sea
Spain< 0.01Tonnes: 1USD per tonne: $4,3130%Sea
Germany< 0.01Tonnes: 83USD per tonne: $350%Sea
Thailand< 0.01Tonnes: 51USD per tonne: $410%Sea

Trend

Who it sells to

China was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • China 3.1
  • Malaysia 0.12
  • Indonesia 0.08
  • Kenya 0.04
  • South Korea 0.03

Source: CEPII BACI

Show the numbers
Partner19952024
China0.083.1
Malaysia< 0.010.12
Indonesia0.020.08
Kenya00.04
South Korea0.070.03

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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