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Who buys Sweden’s iron ore? Export destinations 2024

In 2024, Sweden exported $2.5 billion of iron ore (19.9 million tonnes), 1.5% of the world total. Its main destinations were Germany (20%), Finland (12%) and Saudi Arabia (10%). Sweden was the world’s 7th-largest exporter of iron ore.

Summary

Value
$2.5billion
Tonnes
19.9million tonnes
Share of world total
1.5%
World rank
7th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Germany494Tonnes: 3,986,143USD per tonne: $12419.6%Sea
Finland311Tonnes: 2,489,213USD per tonne: $12512.3%Sea
Saudi Arabia260Tonnes: 1,725,800USD per tonne: $15110.3%Sea
Netherlands re-exports241Tonnes: 2,242,944USD per tonne: $1079.6%Sea
Belgium re-exports182Tonnes: 1,608,468USD per tonne: $1137.2%Sea
Egypt161Tonnes: 1,164,400USD per tonne: $1386.4%Sea
Qatar151Tonnes: 1,070,312USD per tonne: $1416%Sea
China148Tonnes: 970,898USD per tonne: $1525.9%Sea
Turkey126Tonnes: 1,010,217USD per tonne: $1255%Sea
Singapore re-exports101Tonnes: 1,098,599USD per tonne: $924%Sea
United Arab Emirates89.3Tonnes: 586,416USD per tonne: $1523.5%Sea
United Kingdom88.8Tonnes: 783,790USD per tonne: $1133.5%Sea
Austria52.1Tonnes: 394,536USD per tonne: $1322.1%Sea
Algeria46Tonnes: 395,888USD per tonne: $1161.8%Sea
United States25.4Tonnes: 194,580USD per tonne: $1301%Sea
Malaysia13.1Tonnes: 0USD per tonne: $7,2200.52%Sea
South Korea10.8Tonnes: 71,569USD per tonne: $1510.43%Sea
Canada4.9Tonnes: 27,463USD per tonne: $1800.2%Sea
Japan4.7Tonnes: 35,203USD per tonne: $1330.19%Sea
Norway2.4Tonnes: 23,120USD per tonne: $1040.1%Sea

Trend

Who it sells to

Germany has been its main destination since 2010

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

  • Germany 494
  • Finland 311
  • Saudi Arabia 260
  • Netherlands 241
  • Belgium 182

Source: CEPII BACI

Show the numbers
Partner19952024
Germany155494
Finland62.4311
Saudi Arabia50260
Netherlands10.2241
Belgium36.7182

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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