Leading Global Iron Ore Exports by Country & Company - Tendata

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ten data blog09-06-2025

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.


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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%)


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