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Who buys Peru’s iron ore? Export destinations 2024

In 2024, Peru exported $1.9 billion of iron ore (22.7 million tonnes), 1.1% of the world total. China bought 97% of the total, followed by Japan (3%) and Malaysia (0%). Peru was the world’s 8th-largest exporter of iron ore.

Summary

Value
$1.9billion
Tonnes
22.7million tonnes
Share of world total
1.1%
World rank
8th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 14 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China1.8Tonnes: 22,278,782USD per tonne: $8297.1%Sea
Japan0.05Tonnes: 435,041USD per tonne: $1242.9%Sea
Malaysia< 0.01Tonnes: 8,954USD per tonne: $430.02%Sea
Taiwan< 0.01Tonnes: 108USD per tonne: $1080%Sea
France< 0.01Tonnes: 1USD per tonne: $4,1900%Sea
Germany< 0.01Tonnes: 0USD per tonne: $5,6910%Sea
Colombia< 0.01Tonnes: 0USD per tonne: $4,1300%Land
India< 0.01Tonnes: 0USD per tonne: $10,2200%Sea
South Africa< 0.01Tonnes: 0USD per tonne: $4,5230%Sea
South Korea< 0.01Tonnes: 0USD per tonne: $4,5890%Sea
Canada< 0.01Tonnes: 1USD per tonne: $5570%Sea
Bolivia< 0.01Tonnes: —USD per tonne: —0%Land
Switzerland< 0.01Tonnes: 0USD per tonne: $950%Sea
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $1230%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 1.8
  • Japan 0.05
  • Malaysia < 0.01
  • Taiwan < 0.01
  • France < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
China0.071.8
Japan0.010.05
Malaysia0< 0.01
Taiwan0< 0.01
France< 0.01< 0.01

Sources and methodology

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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