Which country is the largest exporter of iron ore in the world?
Australia
Australia, consistently the leading iron ore exporting country in the world, exported 836 million metric tons in 2019. On the other hand, China was the world’s largest importer of iron ore that year, accounting for a 75.4 percent share of the total global iron ore imports based on value.
Who is the biggest buyer of iron ore?
China
Distribution of the leading importing countries of iron ore 2020. In 2020, China was the world’s largest importer of iron ore by a large margin, having accounted for a 75.4 percent share of the total global iron ore imports based on value.
Who is 3rd largest iron exporter in the world?
Searchable List of Iron Ore Exporting Countries in 2020
| Rank | Exporter | 2019-20 |
|---|---|---|
| 1. | Australia | +19% |
| 2. | Brazil | +16.3% |
| 3. | South Africa | +6.1% |
| 4. | Canada | +15.5% |
Is iron ore Australia’s biggest export?
Iron ore is Australia’s largest source of export revenue, worth $117 billion (approximately US$85 billion) in 2017.
Which countries buy the most iron ore?
China is by far the world’s leading iron ore importing country. In 2019, China’s iron ore imports amounted to 1.07 billion metric tons. The world’s second largest importer of iron ore that year was Japan, with a distant 119.6 million metric tons imported.
Which countries import iron ore from India?
China was the principal iron ore importer from India with 74 per cent share or 9.4 million tonne, followed by Japan, South Korea, Oman and Malaysia. Export duty in India for iron ore is high at 30 per cent currently.
Who buys iron ore from Australia?
In financial year 2021, the value of iron ore exported from Australia to China amounted to around 126.8 billion Australian dollars. China was by far the leading export destination for Australian iron ore in terms of value in this time.
Who Supplies USA with iron ore?
Between 2017 and 2020, around 55 percent of all imports of usable iron ore into the United States came from Brazil. In that same period, Canada, Sweden, and Russia were other important iron ore trading partners with the U.S.
What 4 countries have the top amount of iron ore reserves?
World reserves
| Ranking | Country | Million tonnes |
|---|---|---|
| 1 | Australia | 50,000 |
| 2 | Brazil | 34,000 |
| 3 | Russia | 25,000 |
| 4 | China | 20,000 |
Who exports the most iron ore to China?
Value of iron ore imports to China by major country of origin 2020. In 2020, Australia was China’s largest supplier of iron ore by a significant margin, accounting for around 70.8 billion U.S. dollars worth of imports to China. Brazil was the second-largest source of Chinese iron ore imports that year.
How much iron ore does Australia sell to China?
around 126.8 billion Australian dollars