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Iron oxides: top exporters and importers (2024)

In 2024, world trade in iron oxides totaled $1.1 billion (1 million tonnes). The top exporters were China (36%), Germany (24%) and the United States (4%); the top importers were the United States (23%), China (10%) and the United Kingdom (3%). Compared with 2019, the value rose 3%.

Summary

World trade
$1.1billion
Tonnes
1million tonnes
Price per tonne
$1,033
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$382 million · 36.4%
  2. Germany$257 million · 24.5%
  3. United States$45 million · 4.3%
  4. Italy$39 million · 3.8%
  5. Japan$39 million · 3.7%
  6. India$34 million · 3.2%
  7. Brazil$32 million · 3%
  8. Spain$25 million · 2.3%
  9. South Korea$22 million · 2.1%
  10. Belgium$19 million · 1.8%
    re-exports
  11. France$17 million · 1.6%
  12. Taiwan$12 million · 1.2%
  13. Honduras$12 million · 1.1%
  14. United Kingdom$10 million · 0.96%
  15. Netherlands$10 million · 0.96%
    re-exports
  16. Colombia$10 million · 0.94%
  17. Austria$9 million · 0.85%
  18. South Africa$7 million · 0.66%
  19. Canada$7 million · 0.66%
  20. Czechia$7 million · 0.65%

Top importers

  1. United States$244 million · 23.3%
  2. China$101 million · 9.6%
  3. United Kingdom$35 million · 3.3%
  4. Germany$32 million · 3.1%
  5. India$32 million · 3.1%
  6. France$32 million · 3.1%
  7. Italy$32 million · 3%
  8. Russia$31 million · 3%
  9. Mexico$30 million · 2.8%
  10. Netherlands$28 million · 2.7%
    re-exports
  11. Canada$27 million · 2.5%
  12. Spain$26 million · 2.5%
  13. Belgium$26 million · 2.4%
    re-exports
  14. South Korea$23 million · 2.2%
  15. Australia$22 million · 2.1%
  16. Poland$20 million · 1.9%
  17. Vietnam$17 million · 1.7%
  18. Turkey$15 million · 1.4%
  19. South Africa$14 million · 1.4%
  20. Malaysia$13 million · 1.3%

Trend

Who sells it

China has been the top exporter since 2005

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

  • China 382
  • Germany 257
  • United States 44.8
  • Italy 39.5
  • Japan 38.8

Source: CEPII BACI

Show the numbers
Country19952024
China71.2382
Germany231257
United States69.944.8
Italy23.139.5
Japan14838.8

Price

Implied price

The price per tonne stayed close to $1,033 since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,033

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,085
1996$1,011
1997$1,042
1998$740
1999$340
2000$841
2001$811
2002$623
2003$826
2004$734
2005$809
2006$642
2007$731
2008$302
2009$875
2010$700
2011$603
2012$427
2013$884
2014$651
2015$927
2016$1,064
2017$799
2018$831
2019$655
2020$621
2021$974
2022$1,384
2023$1,037
2024$1,033

What it includes

  • 2821 · Iron oxides

Products in the same chapter

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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