In 2023, South Africa led global agglomerated iron ore exports at $2.65 billion, with minor decreases compared to the previous year. Brazil followed but saw a significant drop of 5.71%. Sweden and Ukraine showed modest growth, while Canada's exports grew by 3.42%. Notably, India's growth was strong at 5.78%, and Malaysia had a remarkable increase of 53.3%, albeit from a lower base. Other countries, such as Bahrain, Oman, and Russia, experienced incremental positive changes. Conversely, the Philippines, Chile, and China had variable performances, with China seeing a notable increase of 17.8%.
Future trends to watch include:
- South Africa’s capacity to maintain its leading position.
- Brazil's strategies to counter its declining trend.
- Potential growth opportunities in emerging markets like India and Malaysia.
- Monitoring global demand fluctuations influenced by industrial activity and environmental policies.
Top countries in Export of Agglomerated Iron Ore and Concentrate by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 2,655,200,000 | 2023 | -1.21% | -0.5% | View data |
| 2 | 2 Brazil | 2,610,300,000 | 2023 | -3.63% | -5.71% | View data |
| 3 | 3 Sweden | 2,131,300,000 | 2023 | +1.65% | +1.19% | View data |
| 4 | 4 Ukraine | 1,768,700,000 | 2023 | +3% | +1.88% | View data |
| 5 | 5 Canada | 1,767,900,000 | 2023 | +0.89% | +3.42% | View data |
| 6 | 6 Russia | 1,407,600,000 | 2023 | +3.07% | +1.78% | View data |
| 7 | 7 India | 1,188,700,000 | 2023 | +5.46% | +5.78% | View data |
| 8 | 8 Bahrain | 1,061,300,000 | 2023 | +2.25% | +1.41% | View data |
| 9 | 9 United States | 948,720,000 | 2023 | +1.29% | -0.27% | View data |
| 10 | 10 Oman | 710,910,000 | 2023 | +3.57% | +6.2% | View data |
