Overall, the value of South Korea’s imported iron ore increased by an average 74.3% from all supplying countries since 2020 when iron ore purchased cost $6.9 billion. Germany: $1,000 (2020 data unavailable)īy value, the listed 15 countries shipped 99.9998% of iron ore imported by South Korea in 2021.Īmong the above countries, the fastest-growing suppliers of iron ore to South Korea from 2020 to 2021 were: Chile (up 455.6%), India (up 216.3%), Uruguay (up 166.7%) and Canada (up 94.6%).Ĭountries that recorded declines in the value of their iron ore supplied to Korean importers were mainland China (down -63.6%) and Sweden (down -37.5%).United States of America: $3,000 (2020 data unavailable).Bahrain: $84.5 million (2020 data unavailable).Within parenthesis is the percentage change in value for each supplying country. Iron Ore Imported into South Koreaīelow are the top suppliers from which South Korea imported the highest dollar value worth of iron ore during 2021. Overall, the value of Japan’s imported iron ore increased by an average 86.9% from all supplying countries since 2020 when iron ore purchased cost $9.6 billion. Year over year, the iron ore suppliers experiencing declines in their sales to Japan were mainland China (down -100% from 2020), India (down -40.4%) and Russia (down -25.6%). United States of America: $252.5 million (up 49%)īy value, the listed 13 countries shipped 100% of iron ore imported by Japan in 2021.Īmong the above countries, the fastest-growing suppliers of iron ore to Japan from 2020 to 2021 were: Ukraine (up 403.2%), Mauritania (up 167.0%), Australia (up 99%) and South Africa (up 89.9%).Australia: US$10 billion (up 99% from 2020).
Iron Ore Imported into Japanīelow are the top 13 suppliers from which Japan imported the highest dollar value worth of iron ore during 2021. Overall, the value of China’s imported iron ore rose by an average 46% from all supplying countries since 2020 when iron ore purchased cost $118.9 billion. Kazakhstan was the lone top country to experience a decline in the value of iron ore supplied to Chinese importers included: Kazakhstan (down -6.4% from 2020). Kazakhstan: $514.3 million (down -6.4%)īy value, the listed 15 countries shipped 98.6% of iron ore imported by China in 2021.Īmong the above countries, the fastest-growing suppliers of iron ore to China from 2020 to 2021 were: Venezuela (up 323.2%), Peru (up 98.3%), Chile (up 55.7%) and Australia (up 49.2%).Iron Ore Imported into Chinaīelow are the top 15 suppliers from which China imported the highest dollar value worth of iron ore during 2021. The mildest increase year over year in their imported iron ore purchases was posted by Vietnam via its 36.1% uptick. China: US$173.6 billion (70.1% of total imported iron ore)īy value, the listed 15 countries purchased 93.7% of all iron ore imported in 2021.Īmong the above countries, the fastest-growing markets for iron ore from 2020 to 2021 were: Bahrain (up 184.8%), Indonesia (up 126.4%), France (up 98.9%) and Turkey (up 94.7%).
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Tinier percentages were attributed to buyers in North America (0.83%), Africa (0.8%), Latin America (0.6%) excluding Mexico but including the Caribbean, then Australia and New Zealand only in Oceania (0.05%).įor research purposes, the 4-digit Harmonized Tariff System code prefix is 2601 for iron ores and concentrates including roasted iron pyrites.īelow are the 15 countries that imported the highest dollar value worth of iron ore during 2021. In second place were iron ore importers in Europe at 8.7%. Combined, that quintet of major iron ore importers were responsible for 86.7% of the world’s total purchases of imported iron ore during 2021.įrom a continental perspective, Asian countries bought the highest dollar worth of iron ore imported from foreign markets with purchases costing a total $220.6 billion or 89% of the worldwide total. The biggest 5 spenders on imported iron ore are mainland China, Japan, South Korea, Germany and Taiwan. The value of globally imported iron ore accelerated by 55.4% from $159.4 billion for 2020. Iron nuts and boltsInternational purchases of imported iron ore totaled US$247.7 billion in 2021.
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