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Where does Taiwan get its iron ore? Import sources 2024

In 2024, Taiwan imported $2.2 billion of iron ore (20.3 million tonnes), 1.3% of the world total. Australia sold 71% of the total, followed by Brazil (22%) and Canada (7%). Taiwan was the world’s 6th-largest importer of iron ore.

Summary

Value
$2.2billion
Tonnes
20.3million tonnes
Share of world total
1.3%
World rank
6th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 11 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Australia1.6Tonnes: 14,488,220USD per tonne: $10970.5%Sea
Brazil0.49Tonnes: 4,409,824USD per tonne: $11121.8%Sea
Canada0.15Tonnes: 1,169,644USD per tonne: $1266.5%Sea
China0.03Tonnes: 276,836USD per tonne: $961.2%Sea
South Africa< 0.01Tonnes: 1,100USD per tonne: $850%Sea
Sweden< 0.01Tonnes: 493USD per tonne: $1050%Sea
Netherlands re-exports< 0.01Tonnes: 20USD per tonne: $5920%Sea
Peru< 0.01Tonnes: 108USD per tonne: $1080%Sea
Japan< 0.01Tonnes: 67USD per tonne: $1310%Sea
Vietnam< 0.01Tonnes: 63USD per tonne: $1080%Sea
United States< 0.01Tonnes: 5USD per tonne: $1080%Sea

Trend

Who it buys from

Australia was its main source throughout the period

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

  • Australia 1.6
  • Brazil 0.49
  • Canada 0.15
  • China 0.03
  • South Africa < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Australia0.11.6
Brazil0.040.49
Canada0.010.15
China00.03
South Africa< 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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