Record iron ore drives exports growth
From May to June 2020, exports of iron ore (lumps and fines) increased by $757 million or 8 per cent to $9.92 billion, the highest export value on record. This …
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From May to June 2020, exports of iron ore (lumps and fines) increased by $757 million or 8 per cent to $9.92 billion, the highest export value on record. This …
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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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Merchandise exports, state of origin Australian Capital Territory, by country, FOB value. Download xlsx [361.51 KB] Table 36i. Merchandise exports, state of origin not available, by country, FOB value. Download xlsx [363.56 KB] Table 36j. Merchandise exports, re-exports, by country, FOB value.
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Finally, on 17 May 1966, the federal government confirmed it was rescinding all remaining Commonwealth iron ore embargoes. In 2013 Australia exported 300 million tons of iron ore worth $30 billion. Iron ore is an intrinsic component of the national economy and has played a key role in transforming the Western Australian economy.
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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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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 exports in 2010), with Japan and Korea importing most of the balance (Graph 2). Graph 2. Projects operated by BHP Billiton and Rio Tinto account for over 80 per cent of Australia's iron ore production. ...
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Australian exports were resilient in Q1 2021 thanks to record iron ore receipts, but weakened elsewhere. China's consumption recovery depends on policy stability and population growth, while export diversification …
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32 rowsAustralia exported $234 billion worth of minerals in 2019, with iron ore, coal, …
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Australia's share of global iron ore exports 56.4% Detailed statistics Export share of iron ore worldwide 2023, by leading country ...
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The quarterly expects Australia's iron ore export volumes to grow from around 900 million tonnes in fiscal 2021 to 1.1 billion tonnes by fiscal 2026, as several mines open or expand in Western Australia. Iron ore exports are forecast to earn above A$100 billion annually for each of the next five years. Challenges to dominance. The …
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Australia hosts significant iron ore deposits in all its states and territories except the Australian Capital Territory [32, 35].The vast majority of Australian iron ore production comes from the state of Western Australia, which contains approximately 92% of Australia's economic demonstrated resources [11].The bulk of Western Australian …
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Value of Australian Mineral Exports. In 2019, Australian mineral exports (excluding petroleum products) amounted to approximately $234 billion, which was slightly less than 60% of all export merchandise and 47% of all exported goods and services (Table 10). ... Iron ore export volume was virtually unchanged from 2018 but had a 52% increase in ...
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Australian export volumes increased by 1.1% (year-on-year) to 893 million tonnes. As additional greenfield supply comes online, export volumes are forecast to increase by 1.6% annually through to 2029. Lower prices projected over the outlook period will lower Australia's iron ore export earnings in real terms.
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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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Export volumes of iron ore lumps and iron ore fines to China jumped 24.3% and 17.7% respectively from a month earlier, data from Australian Bureau of Statistics showed.
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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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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 …
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Turning to iron ore exports and imports, the tonnages are summarized in Table 1.1 for 2012 and 2018 (Australian Department of Industry, Science, Energy and Resources, 2021; US Geological Survey, 2020; United National Conference on Trade and Development (UNCTAD), 2021).As shown in Fig. 1.3, China is the largest iron ore …
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Australian exports for iron ore climbed to $101.7bn in the 2019-20 financial year, rising above the previous annual export benchmark of $77.5bn in the 2018-19 financial year. While iron ore prospects are normally vulnerable during economic downturns, the challenges brought by the Covid-19 pandemic did not particularly harm …
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Australia exports two main types of iron ore: hematite and magnetite. Hematite is mined in Western Australia's Pilbara. It's a naturally higher-grade ore (56–62% iron) and makes up almost ...
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Western Australia's (WA) iron ore exports from the key Pilbara ports of Port Hedland and Dampier hit a high for 2022 in December, with a new yearly record set for the multi-user Port Hedland facility. Port Hedland shipped 559.7mn t of iron ore in 2022, up from the previous record of 546.05mn t set in 2021, according to data from the Pilbara ...
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Rio Tinto's Australian iron ore division has made its strongest ever start to a year, with a 16 per cent surge in export volumes adding to signs Rio's flagship business has turned a corner.
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There will clearly be an impact on iron ore prices and the value of Australia's exports. The latest REQ report forecasts iron ore at US$77/tonne in 2026 (down from US$105-US$110 now). Macquarie Bank sees iron ore prices down to the US$70s or even US$60s before the end of
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Leading markets for iron ore exports from Australia FY 2023; The most important statistics. Gold production volume Australia FY 2023-2029; Production volume of leading gold mines in Australia 2023;
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Australia's iron ore export earnings are expected to rise from $124 billion in 2022–23 to $131 billion in 2023–24 before falling to $102 billion in 2024–25. This is driven by lower prices over the outlook period. Major iron ore deposits. Jump to previous section Jump to next section.
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In 2022, Australia exported $87.9B in Iron Ore. The main destinations of Australia exports on Iron Ore were China ($72.5B), Japan ($6.49B), South Korea ($5.15B), Chinese …
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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's exports of iron ore and concentrates, coal and natural gas remained as our top three exports overall. Whilst iron ore recorded an increase of 32.7 per cent, coal and natural gas declined 21.5 per cent and 4.4 per cent respectively. Through its Critical Minerals Strategy, the Government is committed to realising Australia's ...
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Between June 2023 and June 2024 the exports of Australia have decreased by AUD-1.98B (-4.61%) from AUD43B to AUD41B, while imports increased by AUD1.04B (3.45%) from AUD30.2B to AUD31.2B. ... (37.9), Iron Ore (30.9), Coal Briquettes (21.5), and Sheep and Goat Meat (20.9). Specialization is measured using RCA, an index that takes the …
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Iron ore was the leading resource and energy commodity exported from Australia. Sources revealed that the value of iron ore exported from Australia amounted to 124 billion Australian...
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Exports of iron ore - Australia's most lucrative export - will also trend lower due to falling steel demand in China as the country pivots away from investment-led growth, the report said ...
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