The forecast for US iron ore exports from 2024 to 2028 shows a continuous decline. In 2023, iron ore exports were reported at 6.00 million metric tons. The forecasted data indicates a decrease from 5.84 million metric tons in 2024 to 5.15 million metric tons in 2028. This represents a CAGR of approximately -3.8% over the five-year period. Year-on-year decreases are evident, underlining a consistent downward trend in iron ore exports from the US.

Future trends to watch for:

Global demand shifts, particularly from major importers like China.
US domestic policies affecting mining and export activities.
Technological advancements and sustainability initiatives impacting production efficiency.