Featured corridor
TTO to USA$450.2Corridor Price and Signal Monitor
Trade prices for obtained by direct reduction of iron ore, in lumps, pellets or similar forms
A reported trade view for HS 720310, with available observations through 2024.
Explore this productTracked corridors
100Price observationsLatest price year
2023Available coverageLatest global trade
$4.1BYear: 2024Reported observations
Latest corridor price evidence
This table compares the latest available unit value across individual exporter-to-buyer corridors. The difference is measured against the buyer market's median unit value.
| Year | Route | USD per ton | Market median | Difference | Quantity |
|---|---|---|---|---|---|
| 2023 | Trinidad and Tobago to USA | $450.2 | $454.05 | -0.8% | 1,316,094 t |
| 2023 | India to Nepal | $365.84 | $13,250 | -97.2% | 843,688 t |
| 2023 | Russia to Italy | $387.01 | $1,806.5 | -78.6% | 705,865 t |
| 2023 | Russia to India | $434.2 | $387.49 | +12.1% | 409,024 t |
| 2023 | India to Bangladesh | $403.3 | $403.3 | 0% | 383,219 t |
| 2023 | Malaysia to Republic of Korea | $436.43 | $463 | -5.7% | 286,963.4 t |
| 2023 | USA to Turkey | $411.78 | $387.92 | +6.2% | 258,086.1 t |
| 2023 | Russia to Uzbekistan | $340.99 | $340.99 | 0% | 289,760.7 t |
| 2023 | USA to Austria | $432.89 | $974.12 | -55.6% | 211,955 t |
| 2023 | Russia to Turkey | $353.08 | $387.92 | -9% | 251,747.7 t |
| 2023 | Russia to Belgium | $386.95 | $2,396.03 | -83.9% | 205,642 t |
| 2023 | Malaysia to Viet Nam | $410.68 | $625.82 | -34.4% | 173,854 t |
| 2023 | Bahrain to Kuwait | $361.13 | $639.9 | -43.6% | 194,500 t |
| 2023 | United Arab Emirates to Kuwait | $639.9 | $639.9 | 0% | 102,259 t |
| 2023 | Qatar to Kuwait | $403.24 | $639.9 | -37% | 138,500 t |
| 2023 | Belgium to France | $439.59 | $655.74 | -33% | 121,955.1 t |
| 2023 | Russia to China | $346.29 | $5,440 | -93.6% | 152,609.3 t |
| 2023 | United Arab Emirates to Oman | $379.56 | $379.56 | 0% | 138,165 t |
| 2023 | Russia to Germany | $393.01 | $405.82 | -3.2% | 119,072.7 t |
| 2023 | Iran to China | $297.65 | $5,440 | -94.5% | 143,299.6 t |
| 2023 | Russia to Spain | $373.81 | $5,467.72 | -93.2% | 105,859.5 t |
| 2023 | Qatar to India | $378.81 | $387.49 | -2.2% | 103,839 t |
| 2023 | India to Bhutan | $373.1 | $373.1 | 0% | 104,099.3 t |
| 2023 | Venezuela to Portugal | $342.44 | $1,000 | -65.8% | 110,216.6 t |
| 2023 | Libya to Germany | $180.45 | $405.82 | -55.5% | 204,075.5 t |
| 2023 | Oman to Pakistan | $379.54 | $379.54 | 0% | 88,734 t |
| 2023 | Libya to Italy | $394.06 | $1,806.5 | -78.2% | 77,435.8 t |
| 2023 | USA to Spain | $400.1 | $5,467.72 | -92.7% | 76,195.4 t |
| 2023 | Venezuela to Italy | $358.69 | $1,806.5 | -80.1% | 78,303 t |
| 2023 | Canada to Germany | $486.71 | $405.82 | +19.9% | 53,969 t |
| 2023 | China to Japan | $611.22 | $611.22 | 0% | 39,876 t |
| 2023 | Libya to Turkey | $387.92 | $387.92 | 0% | 62,540.6 t |
| 2023 | Trinidad and Tobago to Germany | $114.83 | $405.82 | -71.7% | 210,841 t |
| 2023 | Netherlands to Germany | $466.41 | $405.82 | +14.9% | 49,947 t |
| 2023 | Russia to Poland | $354.9 | $2,709.19 | -86.9% | 65,426.1 t |
Market reading
How do obtained by direct reduction of iron ore, in lumps, pellets or similar forms corridor prices compare?
The featured reported corridor is Trinidad and Tobago to USA, with a unit value of $450.2 per metric ton.
How to use this view
Start with the leading rows in the first table to compare the reported observations available for this view. The second table adds a related reported comparison.
Coverage extends to 2024. Missing values are shown as not reported.
Further comparison
Featured corridor trade history
This table follows the featured corridor across years. It shows route trade and growth; the chart above shows unit value for the years where price data is reported.
| Year | Route trade | Year-on-year change | 3-year growth |
|---|---|---|---|
| 2011 | $26.3K | 0% | 0% |
| 2012 | $29.5M | +111,947.6% | 0% |
| 2013 | $143.5M | +387% | 0% |
| 2014 | $119.5M | -16.7% | +1,556.5% |
| 2015 | $79.5M | -33.5% | +39.2% |
| 2016 | $42.2M | -47% | -33.5% |
| 2018 | $197.6M | +368.4% | +18.2% |
| 2019 | $644.7M | +226.3% | +100.9% |
| 2020 | $546.2M | -15.3% | +134.8% |
| 2021 | $554.2M | +1.5% | +41% |
| 2022 | $687.0M | +24% | +2.1% |
| 2023 | $201.3M | -70.7% | -28.3% |
| 2024 | $689.0M | +242.2% | +7.5% |
Explore related views
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Latest observed year: 2024. Page updated 2026-08-14.
Source and date
Reported merchandise-trade observations for HS6 products. Coverage shown on this page: 1995-2024. Updated 2026-08-14.
Definitions
Trade value is reported in current US dollars. Unit value is trade value divided by reported quantity and is shown per metric ton where available. Growth is an annualized or year-on-year calculation from reported values.
Reading the data
“Not reported” means a value was not available for this view. Values can be revised as reporting is updated. See the methodology for coverage and classification details.