Australia was by far the country exporting the largest amount of iron ore worldwide in 2022. Some 56 percent of global iron ore exports came from Australia, worth 87.7 billion U.S. dollars that year. Australia is able to export the most iron ore worldwide due to the fact that it also has the world's largest reserves of iron ore.
What is iron ore?
Iron ores are rocks from which metallic iron can be extracted for profit. The ores usually have a lot of iron oxides and come in multiple colors. However, they appear dark grey or rusty grey and come in different chemical compounds. These compounds include hematite, magnetite, siderite, limonite, or goethite. One of the main uses of iron is to produce steel.
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WTEx. (July 22, 2023). Distribution of global iron ore exports in 2022, by major country [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/
WTEx. "Distribution of global iron ore exports in 2022, by major country." Chart. July 22, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/
WTEx. (2023). Distribution of global iron ore exports in 2022, by major country. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/
WTEx. "Distribution of Global Iron Ore Exports in 2022, by Major Country." Statista, Statista Inc., 22 Jul 2023, https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/
WTEx, Distribution of global iron ore exports in 2022, by major country Statista, https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/ (last visited July 22, 2024)
Distribution of global iron ore exports in 2022, by major country [Graph], WTEx, July 22, 2023. [Online]. Available: https://www.statista.com/statistics/300328/top-exporting-countries-of-iron-ore/