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Distribution of the leading importing countries of iron ore 2017

Distribution of global iron ore imports in 2017, by major country

by M. Garside, last edited Apr 10, 2019
Distribution of the leading importing countries of iron ore 2017 This statistic shows the distribution of the top iron ore importing countries worldwide in 2017. In that year, China was the world's largest importer of iron ore by a large margin, having accounted for 68 percent of the total global iron ore import volume.
Key facts on iron ore mining

China accumulated a majority of the global iron ore imports in 2017, with a 69.8 percent share of total global imports. The EU-28 followed behind with a 10 percent iron ore import share. On the other hand, Australia exported the largest share of global iron ore in the same year. Australia currently holds the world’s largest iron ore reserves, totaling 24 billion metric tons in iron content and 50 billion metric tons in crude ore as of 2018. China’s large share of iron ore imports is due to its heavy consumption of the material. It has become one of the largest steel producers in the world.

Iron ore is based on its valuable metallic iron which can be extracted from rocks and minerals. A large majority, over 95 percent, of mined iron ore is used to make steel. It is commonly used for structural engineering applications, vehicles, and machinery. Brazilian company Vale is one of the largest producers in the world, generating 367 million metric tons in 2017.
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Distribution of global iron ore imports in 2017, by major country

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