T-info
T-discovery
My
Tendata
Market Analysis
Customer
Development
Competitor
Monitoring
Customer Relationship
Export News
09-06-2025
In 2024, iron ore exports from all countries globally reached a value of US$152.3 billion, reflecting an 8.4% growth compared to 2020, when shipments totaled $140.4 billion.
However, from 2023 to 2024, the total export value declined by -6.8%, down from $163.4 billion.
The top five exporting countries—Australia, Brazil, Canada, South Africa, and mainland China—collectively accounted for 84.4% of total international sales of iron ore.
When analyzed by continent, Oceania, led by Australia, was the top contributor with $83.1 billion in exports, representing 54.6% of the global total.
Following Oceania were:
·Latin American countries (excluding Mexico, including the Caribbean): 22%
·Asian countries: 8.1%
·African countries: 5.8%
·North American countries: 5%
·European countries: 4.6%
The relevant Harmonized Tariff System (HTS) code for iron ores and concentrates, including roasted iron pyrites, is 2601.
Top 15 Iron Ore Exporting Countries (2024)
Below is a list of the countries with the highest export values for iron ore:
1.Australia: $83B (54.5%)
2.Brazil: $29.9B (19.6%)
3.Canada: $6.4B (4.2%)
4.South Africa: $6.3B (4.2%)
5.China (mainland): $2.9B (1.9%)
6.Ukraine: $2.8B (1.8%)
7.India: $2.7B (1.8%)
8.Sweden: $2.6B (1.7%)
9.Peru: $1.8B (1.2%)
10.Chile: $1.6B (1%)
11.Oman: $1.4B (0.9%)
12.Malaysia: $1.3B (0.8%)
13.Mauritania: $1.17B (0.8%)
14.Iran: $1.13B (0.7%)
15.United States: $1.06B (0.7%)
Together, these 15 countries shipped 95.9% of all globally traded iron ore in 2024.
Export Trends by Country
Among the top exporters, the countries with the highest growth from 2023 to 2024 were:
·Ukraine: up 58.7%
·Malaysia: up 16.4%
·China (mainland): up 11.9%
·Peru: up 5.4%
Meanwhile, several countries experienced notable declines:
·Iran: down -28.4%
·India: down -23.8%
·Oman: down -21%
·Sweden: down -19.7%
·Mauritania: down -16.9%
Top Iron Ore Exporting Companies
According to data from Tendata, the following are the top companies engaged in iron ore exports:
1.АО Лебединский ГОК – $1.18B (27.05%)
2.Rungta Sons Pvt Ltd – $496.74M (11.37%)
3.Rungta Mines Ltd – $332.39M (7.61%)
4.АО ССГПО – $228.29M (5.22%)
5.Vedanta Limited – $222.24M (5.09%)
6.JSW Steel Ltd – $216.83M (4.96%)
7.Essar Steel India Ltd – $155.04M (3.55%)
8.Thriveni Earthmovers Pvt Ltd – $144.64M (3.31%)
9.ООО Ферметторг – $126.81M (2.9%)
10.Praful Enterprises Pvt Ltd – $111.93M (2.56%)
Tendata can help you quickly acquire a large number of potential customers, and also understand the key information of target customers such as purchase frequency, purchase volume, purchase cycle, etc., and analyze the purchase habits and actual needs of potential customers.
On the basis of analyzing and evaluating your own products, you also need to study the products of your competitors. Through comparison and analysis, find out the advantages and disadvantages of your own products and find the market gap, so that you can better understand the dynamics and changes of the market.
Tendata not only has powerful analysis functions, but also comes with a contact database. With just one click, you can view the detailed information of key decision makers such as purchasers and executives, including their emails, LinkedIn and Facebook social accounts. What's more convenient is that the platform also directly links to the world's mainstream social media platforms such as LinkedIn, providing a convenient channel for companies to quickly establish contact with target objects.
>>Request A Free Demo from Tendata<<
Category
Leave Message for Demo Request or Questions
