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Australia's Top Exports 2023

Australia's latest top exports in 2023 plus a searchable list of most valuable Australian export products, best international trade customers & major trade surpluses or deficits by product ... Flat-rolled iron or non-alloy steel products (plated/coated) $241,773,000-20.1%: 77: Taps, valves, similar appliances: $241,621,000 +3.9%: 78: Inedible ...

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Iron ore exports hit record high in October | Australian …

Iron ore exports reached a record high of $10.9 billion, accounting for 36 per cent of Australia's total exports, according to figures released today by the Australian …

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Australia iron ore export markets 2023 | Statista

Australia exports most of its iron ore to China. The export value was significantly higher than other export markets, including Japan and South Korea.

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BHP iron ore: Commodity strategists urge traders to sell iron …

While the data has prompted traders to pile back into Australia's key export, commodity strategists are concerned about the crisis in China's steel industry, with just 1 per cent of mills ...

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Iron ore: the bigger picture

Australia's iron ore industry has capitalised on a decade of unprecedented volume and price growth to create a market position stronger after the commodities boom than it was before. As a result, the industry is likely to contribute in excess of A$600 billion to the economy over the next decade, more than over the decade from 2005 to 2014 ...

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Australia: export value of iron ores 2023 | Statista

In 2023, the export value of iron ores and concentrates in Australia was approximately 136 billion Australian dollars.

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Top five iron ore mining companies of Australia …

With 30% of the world's estimated 170 billion tonnes in its backyard, iron ore forms a central pillar of the mining industry in Australia.. Most of the country's iron ore is located in Western Australia, which …

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World Rankings | Australia's Identified Mineral Resources …

Australia's EDR of gold, iron ore, lead, nickel, rutile, tantalum*, uranium, zinc and zircon were the world's largest in 2019 (Table 8). Another 15 commodities ranked in the top five for world economic resources: antimony, bauxite, black coal, brown coal, cobalt, copper, diamond, ilmenite, lithium, manganese ore, niobium*, silver, tin ...

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Iron ore in Australia and the world: Resources, production

The most important iron ore resources are in Australia, Brazil, China, India, Russia, and Ukraine. As per the USGS, the world's total economic reserves ("economically demonstrated resources (EDRs)" according to Geoscience Australia) are estimated at 170 billion tons (Gt) crude ore containing 81 Gt of iron (Table 22.1).Worldwide, iron ore is …

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Australia's Iron Ore Industry: Challenges and Outlook 2024

As a snapshot, in 1960, Australia shipped 500 tons of iron ore overseas; in 2013, it exported 300 million tons at a value of $30 billion. But fast forward to 2024, and after a series of booming decades, Australia's iron ore export business may finally be past its peak, or at least in for a rough ride in the near term.

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Global trade risks and opportunities – Parliament of Australia

Iron ore, coal, and natural gas are Australia's top 3 exports. Some economists worry Australia's export profile lacks diversity and sophistication, reflecting low 'economic complexity' and leaving the economy vulnerable to trade tensions with China, changes in Chinese domestic economic conditions, and swings in global commodity prices.

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The Big Two: Australia's Export Outlook in 2023 | GRT

Two major resource exports drove Australia's good fortune in 2022. Iron ore and coal accounted for over 25% of the country's total shipments, providing a combined $200 billion-plus export value throughout the year.. However, 2022 also saw a shift in the pecking order, as coal took over the number one spot, becoming Australia's most …

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Mapping Australia's mining ports

In 2018, Australia's resources export industry generated AUS$248 billion in revenue with coal alone bringing in AUS$66 billion. In this piece, we map the biggest and most important ports for the island's mining economy. ... As a consequence the port saw iron ore exports total 9.2 million tonnes in the 2010 financial year.

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Iron ore | BHP

Western Australia Our Western Australia Iron Ore (WAIO) business contains 5 mines in the Pilbara region. ... From pit to port, our iron ore undergoes a series of processes before export. First, we explore the geology of the region …

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Australia Exports of Iron Ore & Concentrates

Exports of Iron Ore & Concentrates in Australia averaged 3097.37 AUD Million from 1988 until 2024, reaching an all time high of 17637.00 AUD Million in June of 2021 and a …

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Australia: export value of iron ores and …

In financial year 2023, the export value of iron ore and its concentrates from Australia was approximately 124 billion Australian dollars.

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Australia—Demand for iron ore and base metals lifts resources exports

Australia's resources and energy exports are forecast to rise from $310 billion in 2020-21 to a record $334 billion in 2021-22 and remain high at about $300 billion in 2022-23. Iron ore exports are estimated to have risen 50% to a record $149 billion in 2020-21 (Chart), underpinned by surging prices amid strong Chinese demand and supply issues in Brazil.

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The Recent Increase in Iron Ore Prices and Implications for …

In recent months, shorter-term supply disruptions to Australian iron ore exports have also affected the global iron ore market. The most notable of these disruptions was Tropical Cyclone Veronica in late March, which reduced large firms' iron ore exports from Western Australian ports by close to 25 million tonnes (around 3 per cent of Australia's annual …

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Home | Australia's Identified Mineral Resources 2022

Iron ore continued to be the lead mineral export commodity for Australia in 2021, worth nearly $155 billion, up from $117 billion in 2020, and comprising more than 52% of total mineral export earnings 5. In 2021, Australia was also the world's largest producer of iron ore, providing 36% of world supply and with the largest share of global ...

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Timeline: Australian Iron ore at A$100bn

Upon normalising production costs of iron ore products to a common benchmark, the average total cash cost of Western Australia's iron ore exports reached $22 a tonne (free on board) in 2016. After this development, Western Australia became the third lowest cost iron ore seaborne exporter in 2016, after Brazil and South Africa.

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Top five iron ore mining companies of Australia profiled

With 30% of the world's estimated 170 billion tonnes in its backyard, iron ore forms a central pillar of the mining industry in Australia.. Most of the country's iron ore is located in Western Australia, which stood second in terms of global iron ore production, with three of the top five iron ore mining companies hailing from this state. The top two …

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The Iron Ore, Coal and Gas Sectors | Bulletin – …

Most of Australia's iron ore production is exported, predominantly to Asia. After rapid growth in the past decade, the main export market for Australia's iron ore is now China (almost 70 per cent of iron ore …

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Home | Australia's Identified Mineral Resources …

Iron ore continued to be the lead mineral export commodity for Australia in 2021, worth nearly $155 billion, up from $117 billion in 2020, and comprising more than 52% of total mineral export earnings 5. In 2021, …

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Rocks that Shape Australia | Geoscience Australia

Iron ore is Australia's largest and most valuable commodity export, with export earnings in 2021-2022 of $133 billion. Iron ore mining is estimated to directly employ over 43,000 Australians. While iron ore contributes tremendously to the Australian economy, the economy is in turn extremely dependent on iron ore.

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Global iron ore mining industry

Distribution of global iron ore exports in 2023, by major country. Countries 7 ... Production volume of iron ore in Australia from 2010 to 2023 (in million metric tons)

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Australia: iron ore production by region 2022 | Statista

Leading markets for iron ore exports from Australia FY 2023; Value of gold exported from Australia FY 2023-2029; Leading markets for gold exports from Australia FY 2023; The most important statistics.

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Australia: iron ore export volume 2023 | Statista

In financial year 2023, the volume of iron ore exported from Australia totaled around 895 thousand kilotons. Despite a minor drop in financial year 2019, iron ore exports from …

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Australia—Iron ore to China drives export …

Despite the COVID-19 induced global recession, Australian export values were just 0.7% lower in Q1 2021 relative to Q1 2020. However, this strong performance is largely attributable to record iron ore receipts—up 65% …

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Iron ore | BHP

Western Australia Our Western Australia Iron Ore (WAIO) business contains 5 mines in the Pilbara region. With 5 mines, 4 processing hubs and 2 port facilities, our Pilbara iron ore business is all connected by more …

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Australia

Iron Ore Western Australia . In the Pilbara region of Western Australia, we own an integrated portfolio of world-class iron ore assets Weipa . Our Weipa operations in Far North Queensland includes 3 bauxite mines, processing facilities, shiploaders, an export wharf, 2 ports, power stations, a rail network and ferry terminals ...

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Australia's Iron Ore Exports Face Uncertain Future

Iron ore is Australia's biggest export, sustaining a trend that started in the last century. However, the country may begin to lose ground to others as the world pivots towards green iron and ...

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