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Iron ore is the mineral ore of Iron which is a widely used metal and the most naturally magnetic element. 98% of the mined iron ore is used for making steel. Hence it can be argued that Iron ore is more integral to the global economy than any other commodity.
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This is a list of countries by iron ore production based on U.S. Geological Survey data. The mine production estimates for China are estimated from the National Bureau of Statistics China's crude ore statistics, rather than usable ore as reported for the other countries.
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Indonesia has considerable iron ore deposits, which are to their greatest extent still undeveloped. The country counted once among the 20 largest exporters of iron ore. In 2010 only 1,500,000 MT of iron ore from Indonesia were exported.
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Iron Ore Imports into China. Below are the top 15 suppliers from which China imported the highest dollar value worth of iron ore during 2017. Within parenthesis is the percentage change in value for each supplying country.
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Latin America (excluding Mexico) and Caribbean countries accounted for 22.1% worth of iron ore exports, trailed by European suppliers at 9.1%, Asian exporters at 6.4%, African suppliers at 6.1% then North American exporters at 4.5%. The 4-digit Harmonized Tariff System code prefix for iron ore is 2601. Iron Ore Exports by Country
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There are 336 indonesia iron ore suppliers, mainly located in Asia. The top supplying countries are China (Mainland), Indonesia, and Malaysia, which supply 77%, 15%, and 1% of indonesia iron ore …
Other biggest importers of Australian iron ore include Japan, South Korea, Indonesia, and Vietnam. Over the recent decades, China has become the largest market for Australian iron ore suppliers. Today, China remains the world's largest steel producer, therefore the nation poses a significant consumer demand for iron ore. ...