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2022
Exports $623kWorld Rnk 74 / 128
Flag Rnk 1071 / 1213
2022
Destination $67.4k Philippines
2021 - 2022
FASTEST GROWING MARKET $67.4kIndonesia
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $11.3BWorld Rnk 2 / 130
Flag Rnk 11 / 1214
2022
Origin $589M Australia
2021 - 2022
FASTEST GROWING ORIGIN $589MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $623k in Iron Ore, making it the 74th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1071st most exported product in Japan. The main destination of Iron Ore exports from Japan are: Philippines ($251k), Thailand ($151k), Indonesia ($149k), France ($31.6k), and Vietnam ($20.1k).

The fastest growing export markets for Iron Ore of Japan between 2021 and 2022 were Indonesia ($67.4k), Thailand ($50.6k), and Philippines ($14k).

Imports In 2022, Japan imported $11.3B in Iron Ore, becoming the 2nd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 11th most imported product in Japan. Japan imports Iron Ore primarily from: Australia ($6.49B), China ($1.96B), Brazil ($1.13B), Canada ($778M), and South Africa ($399M).

The fastest growing import markets in Iron Ore for Japan between 2021 and 2022 were China ($589M), Malaysia ($8.82M), and Peru ($3.62M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Iron Ore exports accounted up to ¥1.23M and imports accounted up to ¥152B, resulting in a negative trade balance of ¥152B. Between May 2023 and June 2024 the exports of Japan's   Iron Ore have decreased by ¥-2.19M (-64%) from ¥3.41M to ¥1.23M, while imports increased by ¥25.6B (20.1%) from ¥127B to ¥152B.

Destinations In June 2024, Iron Ore were exported mostly to Thailand (¥930k) and China (¥297k), and were imported mostly from Australia (¥90.1B), Brazil (¥47.3B), Canada (¥9.38B), South Africa (¥5.64B), and United Arab Emirates (¥17.7M).

Growth In June 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Chile (¥2.85B or 131%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)¥-2.19M(-64%)
IMPORT GROWTH (June 2023 - June 2024)¥25.6B(20.1%)
MAIN EXPORTER (June 2024)Fukuoka¥7.21M
MAIN DESTINATION (June 2024)Thailand¥930k

This section shows Iron Ore's exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Iron Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$623k
IMPORTS (2022)$11.3B
NET TRADE (2022)-$11.3B

In 2022, Japan exported $623k in Iron Ore. The main destinations of Japan exports on Iron Ore were Philippines ($251k), Thailand ($151k), Indonesia ($149k), France ($31.6k), and Vietnam ($20.1k).

In 2022, Japan imported $11.3B in Iron Ore, mainly from Australia ($6.49B), China ($1.96B), Brazil ($1.13B), Canada ($778M), and South Africa ($399M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Indonesia$67.4k (82.2%)
Thailand$50.6k (50.3%)
Philippines$14k (5.91%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Japan WERE (2021 - 2022):
Malaysia-$65.1k (-96.1%)
Chinese Taipei-$6.52k (-100%)
United States-$1.74k (-25.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Japan's main importing competitors in Iron Ore were:
China $103B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $338k
TOP IMPORT POTENTIALBrazil+ $254M

Iron Ore’s highest export potential is Indonesia. With an export gap of $338k.   Iron Ore’s highest import potential is Brazil with an import gap of $254M.

See methodology.

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