In 2023, Australia dominated the global iron ore exports with a significant market share of 51.29%, followed by Brazil at 19.55%. Canada, South Africa, and Ukraine also held notable portions. Variations between 2022 and 2023 showed increasing exports from Australia, Malaysia, Oman, and Germany, while India, Chile, and Kazakhstan experienced declines. Emerging markets like Egypt showed remarkable growth, whereas countries like Italy and Slovakia witnessed significant reductions in their shares.
Future trends to watch include Australia's continued leadership and potential shifts in market dynamics due to geopolitical factors and emerging market capabilities. Environmental regulations and technological innovations may also play a role in reshaping the global export landscape.
Top countries in Export of Iron Ores and Concentrates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 51.29 | 2023 | +1.94% | +2.21% | View data |
| 2 | 2 Brazil | 19.55 | 2023 | +0.55% | -0.17% | View data |
| 3 | 3 Canada | 5.22 | 2023 | +3.17% | +5.38% | View data |
| 4 | 4 South Africa | 4.33 | 2023 | +0.17% | +0.64% | View data |
| 5 | 5 Ukraine | 3 | 2023 | +2.06% | +1.38% | View data |
| 6 | 6 Sweden | 2.42 | 2023 | +1.37% | +0.8% | View data |
| 7 | 7 Russia | 1.55 | 2023 | +0.64% | -0.15% | View data |
| 8 | 8 Malaysia | 1.12 | 2023 | +4.71% | +6.02% | View data |
| 9 | 9 Bahrain | 1.03 | 2023 | +2.16% | +1.29% | View data |
| 10 | 10 China | 0.94 | 2023 | +6.46% | +3.92% | View data |
