HS2 sector intelligence

Ores, slag and ash
sector trade overview

A clear view of the ores, slag and ash economy: scale, momentum, market concentration, leading routes, and the products within it.

HS2 261995–2024 coverageDeclining
Explore the workspace Reported trade intelligence
Refreshed 2026-07-20
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$349.1BGlobal sector value
02

Annual change

+6.9%Latest year on year
03

Exporters

171Active reporting countries
04

Importers

194Active reporting countries
05

HS6 products

37Classifications in sector

The sector read

$349.1B in trade, with -3.7% annualized growth over three years.

Ores, slag and ash is recorded across 4,461 active corridors, with 171 exporters and 194 importers in the latest available year.

Market signalDeclining+7.2% five-year CAGR

Annual trend

Momentum across three decades

Reported global trade from 1995 to 2024. Missing years remain unavailable rather than estimated. Read the methodology ↗

Annual sector tradeReported global trade from 1995 to 2024.1995: $24.0B1996: $23.7B1997: $24.6B1998: $23.1B1999: $22.7B2000: $28.4B2001: $28.4B2002: $28.3B2003: $34.0B2004: $54.0B2005: $78.7B2006: $104.9B2007: $135.5B2008: $168.9B2009: $125.9B2010: $203.6B2011: $274.5B2012: $244.2B2013: $254.9B2014: $232.8B2015: $165.0B2016: $159.6B2017: $207.6B2018: $222.9B2019: $246.4B2020: $266.3B2021: $390.8B2022: $331.4B2023: $341.7B2024: $349.1B
Reported global trade by year.

Top trade corridors

Where this sector moves

The leading exporter-to-importer relationships by latest reported sector trade value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1AustraliaAUSChinaCHN$76.3B-9%218,024 kmYes
2BrazilBRAChinaCHN$24.5B-8.5%2018,570 kmNo
3PeruPERChinaCHN$22.0B+11%1217,167 kmYes
4ChileCHLChinaCHN$21.8B-0.4%918,861 kmYes
5South AfricaZAFChinaCHN$9.7B+1.9%2111,775 kmNo
6AustraliaAUSJapanJPN$7.1B-15.7%168,156 kmYes
7GuineaGINChinaCHN$6.6B+55.4%413,441 kmNo
8AustraliaAUSRepublic of KoreaKOR$6.6B-14.1%208,549 kmYes
9ChileCHLJapanJPN$5.7B+5.4%617,242 kmYes
10MexicoMEXChinaCHN$5.6B+4%1212,928 kmNo

Market structure

Where supply and demand concentrate

Exporter and importer rankings are separated so scale on one side of the market is not mistaken for demand on the other. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1AustraliaAUS$97.3B7237
2BrazilBRA$40.5B8437
3ChileCHL$33.7B4837
4PeruPER$29.5B4034
5South AfricaZAF$19.4B10937
6CanadaCAN$12.0B7037
7MexicoMEX$9.7B4637
8USA, Puerto Rico and US Virgin IslandsUSA$9.1B11537
9IndonesiaIDN$9.1B4433
10GuineaGIN$7.6B1513
Top importers2024 ranking
RankCountryImportsPartnersHS6
1ChinaCHN$219.6B13437
2JapanJPN$25.2B6836
3Republic of KoreaKOR$17.9B9935
4GermanyDEU$7.7B9737
5IndiaIND$6.2B10536
6SpainESP$4.6B9037
7NetherlandsNLD$4.0B10937
8CanadaCAN$3.6B9437
9USA, Puerto Rico and US Virgin IslandsUSA$3.4B8937
10TaiwanTWN$3.2B5733

HS6 product coverage

The classifications inside this sector

Explore the six-digit product classifications that make up HS2 26.

41 classifications shownBrowse the product workspace ↗
01
Iron ores and concentrates: non-agglomeratedHS6 260111
02
Iron ores and concentrates: agglomerated (excluding roasted iron pyrites)HS6 260112
03
Iron pyrites: roastedHS6 260120
04
Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weightHS6 260200
05
Copper ores and concentratesHS6 260300
06
Nickel ores and concentratesHS6 260400
07
Cobalt ores and concentratesHS6 260500
08
Aluminium ores and concentratesHS6 260600
09
Lead ores and concentratesHS6 260700
10
Zinc ores and concentratesHS6 260800
11
Tin ores and concentratesHS6 260900
12
Chromium ores and concentratesHS6 261000
13
Tungsten ores and concentratesHS6 261100
14
Uranium ores and concentratesHS6 261210
15
Thorium ores and concentratesHS6 261220
16
Molybdenum ores and concentrates: roastedHS6 261310
17
Molybdenum ores and concentrates: other than roastedHS6 261390
18
Titanium ores and concentratesHS6 261400
19
Zirconium ores and concentratesHS6 261510
20
Niobium, tantalum, vanadium ores and concentratesHS6 261590
21
Silver ores and concentratesHS6 261610
22
Precious metal ores and concentrates: (excluding silver)HS6 261690
23
Antimony ores and concentratesHS6 261710
24
Ores and concentrates n.e.c. in chapter 26: other than antimonyHS6 261790
25
Slag, granulated (slag sand): from the manufacture or iron or steelHS6 261800
26
Slag, dross: (other than granulated slag), scalings and other waste from the manufacture of iron or steelHS6 261900
27
Ash and residues: (not from the manufacture of iron or steel), containing mainly zinc, hard zinc spelterHS6 262011
28
Ash and residues: (not from the manufacture of iron or steel), containing mainly zinc, other than hard zinc spelterHS6 262019
29
Ash and residues: (not from the manufacture of iron or steel), containing mainly leadHS6 262020
30
Ash and residues: (other than from the manufacture of iron or steel), containing mainly lead: leaded gasoline sludges and leaded anti-knock compound sludgesHS6 262021
31
Ash and residues: (other than from the manufacture of iron or steel), containing mainly lead: excluding leaded gasoline sludges and leaded anti-knock compound sludgesHS6 262029
32
Ash and residues: (not from the manufacture of iron or steel), containing mainly copperHS6 262030
33
Slag, ash and residues: (not from the manufacture of iron or steel), containing mainly aluminiumHS6 262040
34
Ash and residues: (not from the manufacture of iron or steel), containing mainly vanadiumHS6 262050
35
Slag, ash and residues: (not from the manufacture of iron or steel), containing arsenic, mercury, thallium or their mixtures, of a kind used for the extraction of arsenic or those metals or for the manufacture of their chemical compoundsHS6 262060
36
Ash and residues: (not from the manufacture or iron or steel), containing mainly metals or metal compounds n.e.s. in heading no. 2620HS6 262090
37
Slag, ash and residues: (not from the manufacture of iron or steel), containing antimony, beryllium, cadmium, chromium or their mixturesHS6 262091
38
Slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620HS6 262099
39
Slag and ash: including seaweed ash (kelp), n.e.s. in chapter 26HS6 262100
40
Slag and ash: ash and residues from the incineration of municipal wasteHS6 262110
41
Slag and ash n.e.c. in chapter 26: including seaweed ash (kelp) but excluding ash and residues from the incineration of municipal wasteHS6 262190

Definitions and coverage

Read the numbers with context

Clear definitions keep reported observations and calculated indicators in their proper context. Read our Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS2 classification. They are not company-level sales, retail quotes, or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations and should be read with their coverage period.

03

Missing data

A missing observation remains unavailable. It is not filled, interpolated, or presented as a forecast.

Coverage: 1995–2024 · Data refreshed 2026-07-20 09:34:08

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.