Free Trail
Blog Search

How to Successfully Export Iron Ore from India 2024?

Iron ore exports from India

Key Highlights:

  • In addition to its enormous mineral reserves, India has a significant market share in the iron ore industry worldwide.
  • Based on iron ore export data, India's iron ore exports totaled 47.8 million metric tonnes in FY24.
  • China purchases 90% of India's iron ore exports, with Indonesia coming in second.
  • In comparison to the prior year, exports fell by 22% and 33% in February and March of 2024, respectively.
  • Marmagao, Visakhapatnam, Port Blair, Tuticorin, Chennai, Krishnapatnam, New Mangalore, Paradip, JNPT, and Kandla are a few notable ports of iron ores.
  • India is a leading iron ore exporter, with Australia, Brazil, and Canada being its main rivals.
  • As per iron ore exporters data, the major iron ore exporters in India are Bravo Sponge, Advance Mining, Access Developer, Bhudev Enterprises, and Aaryan Rice Industries.

Did you know? India holds a significant position in the global iron ore market due to its vast reserves of minerals. Also, India has abundant iron ore resources, which can be found in various geological forms. Iron ore exports from India have the potential to be very profitable, but they also need careful planning, legal compliance, and a grasp of market dynamics. This blog post will discuss the most recent iron ore export data and trends in iron ore exports from India with updated iron ore HS codes. 

Why do exporters prefer iron ore?

  • For several reasons, exporters choose iron ore. First, its foundational function as steel, a cornerstone of global manufacturing and construction, ensures consistent and robust demand. 
  • Second, iron ore is easily accessible to customers worldwide due to its affordability as a dry bulk material that can be transported in massive amounts by sea. 
  • Last but not least, the availability of different iron ore grades with varying iron contents enables exporters to locate a market even for lesser grades that might not be optimal for home steel manufacturing. 

Let’s explore the Iron Ore exports from India!




Some Market Insights!

  • With robust demand from China, India's iron ore exports reached 47.8 million metric tons (MT) in FY24, the highest level in three years and the second highest in six.
  • Strong demand for lumps and fines (at 37 MT and above 100 percent increase in demand) drives a 130% YoY increase in iron ore exports, according to reports from several important ministries and trade sources.

Iron ore exports from India: 2023-24

Firstly, let's analyze the table that displays the data on Iron Ore exports from India, together with the names of the top Iron Ore exporters From India.

Iron Ore exports from India

Iron Ore Export Data

Total Shipments           47.8 million mt
Major Export Destinations               China Indonesia 
Iron Ore HS Code 2601, 260111 and 26011111


Based on Iron ore export data 2023-24, the tentative projection for Indian iron ore exports in the fiscal year 2023-24 is 47.8 million mt, a three-year peak and up 130 percent year on year.

Ninety percent of exports went to China, with Indonesia coming in second with 0.91 million metric tonnes of iron ore exported.

In February and March of this year, respectively, exports decreased by 22 percent and 33 percent in comparison to the corresponding months of the previous year, showing a weakening of demand in China. However, monthly numbers show that the rising exports were slowing off.

Let’s explore the Iron ore exporting ports in India!

Iron ore exporting port in India

Here's a list of 10 Indian ports that play a significant role in iron ore exports:

  1. Marmagao Port, Goa
  2. Visakhapatnam Port, Andhra Pradesh
  3. Port Blair, Andaman and Nicobar Islands
  4. Tuticorin Port, Tamil Nadu
  5. Chennai Port, Tamil Nadu
  6. Krishnapatnam Port, Andhra Pradesh
  7. New Mangalore Port, Karnataka
  8. Paradip Port, Odisha
  9. JNPT Port, Maharashtra
  10. Kandla Port, Gujarat

So, these are the most popular ports for iron ore. Visit Seair Exim Solutions right now if you're searching for up-to-date iron ore importers, suppliers, or exporters in India. 

Top 10 Iron Ore exporting Countries

India is the top-ranked country in the world, and its nearest rivals based on total shipments are as follows: Here are the two major Iron Ore exporting countries.

Top Rank
Top 10 Iron Ore exporting countries Iron Ore Export Data  (Export Values in %)
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 Behrain 1.4
9 Russia 1.1
10 Chile 1


These are the top Iron Ore exporting countries. Also, if you require up-to-date statistics on iron ore exports from India, iron ore exporters in India, or iron ore export data from India, connect with the Seair Exim Solutions platform and receive the most recent iron ore HS code or iron ore exporter's details without delay.

Now, explore the top Iron Ore exporters in India!


Iron Ore exporters in India

India is one of the world's top producers of iron ore, and the sector has a major economic impact on the nation. A sizable portion of India's frozen output is produced by the top 5 frozen exporters.

Here is a quick rundown of some of the top Iron Oreexporters in India

  1. Aaryan Rice Industries Ltd. 
  2. Access Developer Private Limited 
  3. Advance Mining And Minerals  
  4. Bhudev Enterprises 
  5. Bravo Sponge Iron Private Limited
  6. Elem Business India Private Limited 
  7. Elite Metaliks Private Limited 
  8. Engineering Exports Company
  9. Glassex (India) Pvt Ltd 
  10. Globalkemya India LLP 

So these are India's leading Iron Ore exporters, giving an idea of the industry's wide range of capabilities. However, if you are looking for an Iron Ore supplier, iron ore importer or Iron Ore hs code, explore our exclusive platform.’

How to find iron ore exports by country? 

Seair’s data-driven platform displays global iron ore export and import data and a list of iron ore exports from India. Over 130+ countries rely on us for accurate, up-to-date information on global trade. We also offer a database of global countries, including Vietnam, the United States, Turkey, and Bangladesh.

Furthermore, our highly skilled and authentic data professional team has substantial data processing experience. We specialize in providing the most accurate and organized trade statistics for iron ore commodities. 

Final Words!

In conclusion, a comprehensive approach that takes into account the most recent laws, industry developments, and updated market insights is necessary for successfully exporting iron ore from India in 2024. 

Through collaboration with proficient advisors, obtaining requisite permits, and streamlining transit via sophisticated ports such as Marmagao and Visakhapatnam, Indian exporters can effectively negotiate the worldwide marketplace and leverage the sustained demand for this indispensable asset. 

Thus, by providing you access to the Iron Ore HS code, a list of Iron Ore exports from India, industry trends and insights, as well as Iron Ore export data , Seair Exim Solutions will assist you in growing your business in the international trade arena. Now, schedule a free live demo!
 

FAQ

Q1. Who are the biggest iron ore exporters in India?
Based on iron ore exporter data, the biggest iron ore exporters in India are: Aaryan Rice Industries Ltd., Access Developer Private Limited, and Advance Mining and Minerals.

Q2. List out the top iron ore exporting countries.
Based on iron ore export data, the top iron ore exporting countries are: Australia, Brazil, Canada, and South Africa.

Q3. List out the iron ore exporting ports in India.|
As per iron ore export from India data, the iron ore exporting ports in India are Marmagao Port, Goa, Visakhapatnam Port, Port Blair, Andaman and Nicobar Islands, and Tuticorin Port.

Q4. What are the top iron ore producing countries? 
The major iron ore producing countries globally are Australia, Brazil, China, India, Russia, Ukraine, South Africa, Iran, Kazakhstan, and Canada.

Q5. Who is the largest exporter of iron ore in the world?|
Australia is consistently the most prominent iron ore exporting country in the world. On the other hand, China is the world's largest importer of iron ore.

Q6. Where can you obtain iron ore exporter details?
At Seair Exim Solutions, you can easily obtain iron ore exports by country statistics, iron ore fines hsn code, or the list of iron ore fines export from India. 

Q7. Which Iron ore export from India to China?
China is India's main destination for its low-grade iron ore exports, which have an iron content of less than 58%.



Global Iron Ore Exporters
 

Iron ore exports from India
 

Iron ore exports from Brazil


Top Iron Ore HS Codes

Iron Ore HS Code 2601
 

Iron Ore HS Code: 260111

  • Seair Exim
  • 27-May-2024

Leave a Comment

Blog Search
Latest Post

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.