05-Sep-2024
Besides its vast mineral reserves, India holds a substantial market share in the global iron ore industry.
As per iron ore export data, Indian iron ore exports totalled 47.8 million metric tons in FY24.
Iron ore exports from India are 90% purchased by China, with Indonesia grabbing the runner-up spot.
February and March of 2024 saw a 22% and 33% decrease in exports compared to the same months last year.
Several prominent ports for iron ores include Marmagao, Visakhapatnam, Port Blair, Tuticorin, Chennai, Krishnapatnam, New Mangalore, Paradip, JNPT, and Kandla.
India is a prominent exporter of iron ore, with its principal competitors being Brazil, Australia, and Canada.
As per iron ore export data, Australia is the largest exporter of iron ore in the world.
According to data on iron ore exporters, Bravo Sponge, Advance Mining, Access Developer, Bhudev Enterprises, and Aaryan Rice Industries are the top exporters of iron ore from India.
India has been widely recognized as a key player in the world market for iron ore. Due to its enormous deposits and developing mining industry, the nation is now a major exporter of this vital raw commodity. The growth of India's iron ore exports is expected to be a major economic force in 2024, reflecting changes in market dynamics, policy, and larger trends in global demand.
In this blog, we will talk about the production, export values, and list of iron ore exporter from India, along with any updated iron ore HS codes and trends in iron ore exports from India.
Hematite, magnetite, and taconite are among the minerals found in iron ore, a kind of rock used to make iron. It is essential to making steel because it supplies the iron required to make the alloy.
Iron ore is often found in deposits near the Earth's surface and is mined in many different places worldwide. After the ore is extracted, it is treated to eliminate impurities and produce pellets or other forms used in steel manufacturing.
Did you know? India is the world's fourth-largest iron ore producer, with 257.6 million metric tons produced in 2023. Iron ore production rose from 258 million metric tons (MMT) in 2022–2024 to 277 million MMT in 2023–2024, a 7.4% increase.
Presently, Karnataka, Orissa, Chhattisgarh, Goa, and Jharkhand are the five states that produce more than 99% of India's iron ore. With about a quarter of all iron ore produced in India going to Karnataka, the state is the leading producer.
Did you know? Large iron ore reserves are found in India, mostly in Jharkhand, Chhattisgarh, and Odisha. These abundant resources support the nation's iron ore sector, enhancing its export potential.
India has also been a major player in the global iron ore market, and its exports have steadily risen in recent years.
While established markets like China and Japan are still significant, India has extended its export market to South Korea, Vietnam, and the Middle East.
The primary drivers of the rise in shipments of Indian raw materials during that time were favourable iron ore prices, enhanced output by Bangalore-based enterprises, and growing demand from China.
As per iron ore export data, Indian mining companies boosted their iron ore exports to 20.26 million tons in January–June 2024, a 20% increase over the same period in 2023. Big. Mint has reported this.
Iron ore pellet exports rose by 18% year over year to 5.4 million tons in January through June.
With 18.8 million tons (+15.3% y/y), China is India's largest importer of iron ore pellets. For the past six months, Rungta Mines (4.35 million tons), JSW Steel (3.41 million tons), and Vedanta (1.93 million tons) have been the top exporters of raw materials. To know the exact statistics for Indian iron ore exports or iron ore fines export from India, connect now!
Let us start with exploring the table that shows the information on iron ore exports from India along with the names of the leading exporters of iron ore.
|
Iron Ore Exports from India |
Iron Ore Export Data: 2023-24 |
|
Iron ore exporter from India |
47.8 million mt |
|
Major Export Destinations |
China Indonesia |
|
Iron Ore HS Code |
2601, 260111, and 26011111 |
According to iron ore export data, the preliminary estimate for Indian iron ore exports in the fiscal year 2023–24 is 47.8 million MT, a three-year peak and up 130% year over year, based on iron ore export statistics 2023–24.
China accounted for 90% of exports, with Indonesia exporting 0.91 million metric tons of iron ore, ranking second.
Marmagao Port in Goa is India's main port for exporting iron ore, making up around half of the nation's total exports. The port is strategically advantageous for exporting to European countries due to its location on the west coast of India.
Other iron ore exporting ports in India include:
Visakhapatnam Port, Andhra Pradesh
Port Blair, Andaman, and Nicobar Islands
Tuticorin Port, Tamil Nadu
Chennai Port, Tamil Nadu
Krishnapatnam Port, Andhra Pradesh
New Mangalore Port, Karnataka
Paradip Port, Odisha
JNPT Port, Maharashtra
Kandla Port, Gujarat
Thus, these are the most popular ports for iron ore. If you're looking for current suppliers, importers, or iron ore exporter from India or updated iron ore exporting ports in India, visit the ExportImportData platform.
Now, let's explore the top iron ore exporting countries!
Here is a list of major iron ore exporting countries!
Australia
Brazil
Canada
South Africa
Sweden
China
Ukraine
Behrain
Russia
Chile
Let us look at the table of the top 10 exporters of iron ore!
|
Top Rank |
Top 10 Iron Ore Exporting Countries |
Indian Iron Ore Exports Data |
|
1 |
Australia |
55.9 |
|
2 |
Brazil |
18.4 |
|
3 |
Canada |
4.3 |
|
4 |
South Africa |
4.3 |
|
5 |
Sweden |
2.4 |
|
6 |
China |
2 |
|
7 |
Ukraine |
1.9 |
|
8 |
Bahrain |
1.4 |
|
9 |
Russia |
1.1 |
|
10 |
Chile |
1 |
These are the leading exporters of iron ore. Also, get in touch with our platform to get the most recent iron ore HS code or iron ore exporter's details right away if you need up-to-date insights on iron ore exports from India, an iron ore exporters list, top iron ore HS codes, and much more.
Check out the leading Indian exporters of iron ore now!
Here is a quick rundown of some of the top Iron ore exporters in India.
Bhudev Enterprises
Bravo Sponge Iron Private Limited
Elem Business India Private Limited
Elite Metaliks Private Limited
Engineering Exports Company
Aaryan Rice Industries Ltd.
Access Developer Private Limited
Advanced Mining and Minerals
Glassex (India) Pvt Ltd
Globalkemya India Llp
So, the top iron ore exporter from India is Bhudev Enterprises. Hence, you can get an idea of the industry's vast range of capabilities from India's top iron ore exporters. Explore our unique platform if you are searching for an iron ore importer, supplier, or iron ore HS code.
Finding iron ore importers worldwide can be done in several ways, but ExportImportData.in is one of the best resources. You can look through data on India iron ore exports, the world's leading importers of iron ore, and more on our data-driven website.
We provide reliable, current information on international trade to more than 100+ nations. We also offer a database of global nations, such as Bangladesh, India, and Indonesia.
Additionally, our team of highly qualified and real data professionals has much experience with data processing. Our area of expertise is offering the most precise insights on iron ore exporter from India or iron ore exports by country.
The increase in iron ore exports from India in 2024 is evidence of the nation's economic development and its ability to emerge as a significant provider of this essential commodity to the rest of the world. Also, India is positioned to become even more important in the world's iron ore trade as it keeps investing in the mining industry and seeks new markets.
However, if you have any queries related to iron ore exports from India, the iron ore exporters list, or iron ore HS codes, connect with ExportImportdata professionals and schedule a free live demo today!
iron ore exports from India to China
iron ore exports from India to the USA
iron ore exports from India to the UAE
Iron Ore HS Codes: 26011142 Iron Ore HS Codes: 26011210
iron ore export data iron ore import data
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.
Iron ore export from India to China is crucial, as China is the biggest importer of iron ore pellets into India. China imported Rungta Mines (4.35 million metric tonnes), JSW Steel (3.41 million metric tonnes), and Vedanta (1.93 million metric tonnes), making them the leading raw material exporters over the last six months.
India is one of the top iron ore exporting countries; it stands at 11th position worldwide in terms of iron ore exports.
As per elaborated statistics on iron ore exports by country, Australia is the largest exporter of iron ore, which accounts for 55.9% of total iron ore export.
The principal iron ore exporting port in India is Marmagao Port in Goa, which accounts for nearly half of all exports from the country. The port's location on India's west coast makes it strategically advantageous for exporting to European nations.
The top iron ore HS codes include 2601, 260111, and 26011111.
The most prominent iron ore exporter from India are Bhudev Enterprises, Bravo Sponge Iron Private Limited, Elem Business India Private Limited, Elite Metaliks Private Limited, and an Engineering Exports Company.
The export duty on iron ore fines export from India depends on the grade of the iron ore. There is no export duty on Iron ore fines with less than 58% Fe but there is a 30% export duty on Iron ore fines with more than 58% Fe.
