Key Market Indicators
**Thai Iron Ore Export Soars by Over 2,000% in 2018** Thailand's iron ore export value surged to approximately $2.35 million in 2018, a dramatic increase from about $107,000 in 2017. This remarkable growth represents a 2,090% increase year on year. Despite this surge, long-term trends reveal a different story. Since 1994, Thailand's iron ore supply has decreased steadily by 31% on an annual basis. **Iron Ore Imports Decline in 2018** In contrast to the export boom, Thailand's iron ore imports saw a significant decline in 2018. The import value dropped to nearly $656,000 from around $849,000 in the previous year, marking a 22.7% decrease. The long-term trend for imports also shows a downward trajectory. Since 1993, Thailand's demand for iron ore has decreased annually by 13.6%.
