Other regions include Shanxi, Beijing, and parts of Inner Mongolia. Please do not hesitate to contact me. India, the fourth-largest iron ore producer in the world, could become a net importer next year, Cogencis reported recently. The world’s second biggest iron ore mine, Samarco Alegria is located in the state of Minas Gerais in south-east Brazil. If you’ve ever wondered who are the largest iron ore exporters and importers globally, look no further. *Based on value. and over 1 Mio. 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With a trading volume in excess of 100 million tpy, which eclipses the production output of many mid-tier miners, it is often referred to as “the world’s fifth-largest iron ore … Learn more about how Statista can support your business. facts. Europe and Japan consume large quantities of all coal and iron ores but have to import them.Australia was a major exporter of coking coal and iron ore. China is the largest consumer of iron ore and Brazil and Australia are the largest exporters accounting for 64% of the total supply. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. World Biggest Iron and Steel Companies by Market Value. Russia stood second, followed by Brazil , China , … You need at least a Single Account to use this feature. Countries such as Canada, Australia, Brazil, etc. Corporate solution including all features. Australia had the world's largest crude ore reserves and iron content, with the country accounting for 29.4% of the global total. Chart. Please authenticate by going to "My account" → "Administration". Please contact us to get started with full access to dossiers, forecasts, studies and international data. The privately owned company was set up in Beijing in 2003. China churned out a record 1.05 billion tonnes of crude steel in 2020, with demand boosted by Beijing stimulus for infrastructure. Here's what it was like. Courtesy of the World Steel Association (worldsteel), this table has all the figures for 2016. The mine contained 2.97 billion tonnes of iron ore in proven and probable reserves as of December 2012. Despite enjoying some of the world’s biggest deposits of iron ore, the sheer size of China’s steelmaking industry means it still needs to supplement domestic production with foreign supplies, and in 2019 the country accounted for 69% of the commodity’s global imports. As the world’s largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018. In 2003, China became the world's largest importer of iron ore. Ranking: Iron Ore ranks 985th in the Product Complexity Index (PCI). Imports for 2020: $235.5B. This feature is limited to our corporate solutions. Distribution of global iron ore imports in 2019, by major country* [Graph]. List. The total global value of iron ore import purchases in 2019 amounted to 144.5 billion U.S. dollars. In 2014, China produced 1.5 billion tons of crude ore extracted mainly in Hebei and Liaoning provinces of mainland China. Largest Iron Ore Importers - Instantly Connect with Verified Largest Iron Ore Buyers & Largest Iron Ore Importers from China, India, Australia at TradeKey Importers Directory. China is followed by Japan and Korea, which consume a significant amount of raw iron ore and metallurgical coal. Please create an employee account to be able to mark statistics as favorites. Profit from additional features by authenticating your Admin account. May 1, 2020. Statista. The iron ore market is focused mainly on developments in China, which isn't surprising given the world's biggest buyer of commodities takes about 70% … China is the leader in both steel production (50% of world total) and iron ore mining (47% of global output in terms of tonnage). Talk about an own goal. New, Everything you need to know about the industry development, Find studies from all around the internet. The world’s top steel producer imported 44.8 million tonnes of iron ore from India last year, compared with the 23.8 million tonnes purchased in 2019, and was the most in nine years. As a World Top 500 Company, it's ranked top 10 in the category of metal companies. In 2015 it produced 1.3 billion tons of iron ore equivalents to 44% of the worlds output. Source: Xinhua. The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%). If you’ve ever wondered who are the largest iron ore exporters and importers globally, look no further. China is currently the largest consumer of iron ore, which translates to be the world's largest steel producing country. While a tad dated, it’s still an excellent guide nonetheless. Are you interested in testing our corporate solutions? Between 2004 and 2005, China's steel production increased from by 26% from 270 to 340 million metric tons, or about one-third of world production. Then you will be able to mark statistics as favourites and use personal statistics alerts. As a Premium user you get access to the detailed source references and background information about this statistic. 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Directly accessible data for 170 industries from 50 countries A paid subscription is required for full access. This statistic is not included in your account. (May 1, 2020). The Rui Gang Lian Group (RGL) is one of China’s largest iron ore traders and importers. The prospective supplier should: 1. be a mine owner. Fueled by rapid economic growth, production was projected to increase by a further 9% to 370 million tons in 2006. are blessed with plenty of natural resources and they are big exporters of commodities such as Natural Gas, Iron Ore, and Coal. China is the leader in both steel production 50 of world total and iron ore mining 47 of global output in terms of tonnage. "Distribution of Global Iron Ore Imports in 2019, by Major Country*. China is by far the largest producer, consumer, and importer of Iron ore. Kalinga Allied Industries, having its operations in Odisha which is also a registered member of FIEO … In About-Face, UK Will Not Allow Huawei To Be Involved In Any Part Of... Universal Orlando Parks Will Reopen June 5 Despite Risk Of... Pro-Privacy Lawmakers Secure A Vote To Protect Browsing Data From... Jurassic World: Dominion Is Definitely Not The Planned End Of The... White Twitch Talk Show Host Finally Drops 'Rajj Patel' Moniker, Everything We Know About The PlayStation 5. China is now emerging as one of the biggest importers of soybeans and has signed contracts that maintains its commitment to import billions of dollars of soybeans from the United States. Revenue for the Oil and Gas Drilling industry … World Largest Iron and Steel Companies as on Jan 1st, 2020 Register in seconds and access exclusive features. It is now seeking more suppliers of iron ore around the globe. Japan’s iron ore imports were 7.68 million tonnes in January, up marginally from 7.64 million in December and 7.42 million in November, but down a touch from the 7.78 million in January 2020. Average prices for iron ore worldwide from 2014 to 2025, Global iron ore production gross weight 2006-2019, Apparent global iron ore consumption by region 2018. Between 2004 and 2005, China's steel production increased from by "Distribution of global iron ore imports in 2019, by major country*." Japan’s iron ore imports were 7.68 million tonnes in January, up marginally from 7.64 million in December and 7.42 million in November, but down a touch from the 7.78 million in January 2020. This is a list of countries by iron ore production based on U.S. Geological Survey data. WTEx. The countries with the highest import tariffs for Iron Ore are Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%). A Leading Iron Ore Importer Is Seeking Iron Ore Suppliers. 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", WTEx, Distribution of global iron ore imports in 2019, by major country* Statista, https://www.statista.com/statistics/270008/top-importing-countries-of-iron-ore/ (last visited February 15, 2021), Distribution of global iron ore imports in 2019, by major country*, World iron ore reserves by top country 2019, Global iron ore production iron content 2006-2019, Production of iron ore worldwide by region 2018, Iron ore mine production by country 2015-2019, Monthly iron production worldwide by type 2018, Imports of iron ore worldwide by region 2018, Leading importing countries of iron ore in metric tons 2018, Distribution of the leading importing countries of iron ore 2019, Leading exporting countries of iron ore in metric tons 2018, Leading exporting countries of iron ore 2018, Global seaborne trade - iron ore 2009-2019, Global leading iron ore producing companies based on market capitalization 2019, Revenue of the world's largest steel companies 2020, Rio Tinto's production of bauxite and iron ore 2007-2019, Apparent global iron ore consumption 2010-2018, Iron ore mine production - U.S. 2015-2019, Iron ore consumption of the U.S. 2015-2019, Gross weight of Canada's iron ore production 2008-2018, Canada's iron ore production volume 2008-2018, Mexico: iron ore production 2014-2018, by metal content, Value of iron ore imports to the U.S. 2009-2018, Value of iron ore exports Vietnam 2010-2019, Value of iron ore imports Vietnam 2010-2019, Export value of iron ore from India FY 2011-2020, Iron ore Fe content in major producing countries 2012, Production of hot rolled flat steel products in China 2008-2018, Gross profit of Angang Steel (Ansteel) 2009-2019, Revenue of Wuhan Iron and Steel (WISCO) China 2015, Total export value of metalliferous ores from the United Kingdom (UK) 2010-2014, G7: export value of metalliferous ores from the United Kingdom (UK) 2010-2014, South Africa: export value of metalliferous ores from the UK 2010-2014, Hong Kong: import value of metalliferous ores to the United Kingdom (UK) 2010-2014, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. In, WTEx. tweet; Share. Oil & Gas Drilling in China. In that year, China was the world's largest importer of iron ore by a large margin, having accounted for a 69 percent share of the total global iron ore imports based on value. As soon as this statistic is updated, you will immediately be notified via e-mail. Accessed February 15, 2021. https://www.statista.com/statistics/270008/top-importing-countries-of-iron-ore/, WTEx. Its largest imports are integrated circuits, crude oil, iron ore, cars, and gold, originating from South Korea, Japan, the United States, Germany, and Australia. No country can compete with Australia as an exporter while no other compares to China in terms of imports. New, Figures and insights about the advertising and media world, Industry Outlook Australia, consistently the leading iron ore exporting country in the world, exported 887 million metric tons in 2018. World Top Iron and Steel Companies List by Market Cap as on Jan 1st, 2020 World Top Iron and Steel Companies List by Market Cap as Jan 1st, 2020. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. The Buyer is a top iron ore importer in China with a history of over 60 years. The world's top steel producer imported 44.8 million tonnes of iron ore from India last year, compared with the 23.8 million tonnes purchased in … We took a 4-hour flight on the new Delta Airbus jet that Boeing tried to keep out of the US. Iron Ore. China is the biggest importer of iron ore by some margin. Global iron ore, and importer of crude oil in the header and importers `` ''. Regions include Shanxi, Beijing, and coal 10,000–99,999 1,000–9,999 0–999 authenticating your Admin account 144.5 billion U.S. dollars producer!, studies and international data the DCE iron ore and metallurgical coal: 500,000+ 10,000–99,999. 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