Latest HS4 trade
$159.5BReported valueHS4 subsector corridor intelligence
Iron ores and concentrates
top trade corridors
HS4 2601 - leading exporter-to-importer routes
Explore reported routes for this HS4 subsector, ranked by latest trade value and paired with growth, market share, access, tariff, and distance context.
The route picture at a glanceHS4 2601 - reported trade
Corridors shown
25Leading routes by valueLeading route value
$71.0BLatest reported valueLeading route growth
-9.9%Calculated 3-year changeLatest reported year
20241995-2024 coverageThe HS4 corridor read
Australia to China leads the reported HS4 2601 routes.
The leading route recorded $71.0B in 2024, with -9.9% calculated three-year growth. Across the HS4 subsector, latest reported trade was $159.5B, with -11.1% calculated three-year growth. Read the HS4 overview ↗
Leading route$71.0B44.5% of latest HS4 trade
Top HS4 corridors
Where Iron ores and concentrates trade moves
Observed exporter-to-importer relationships ranked by latest reported trade value. Growth, peak comparisons, and shares are calculated indicators; access fields provide context where available. Review data sources ↗
HS4 2601 exporter-to-importer relationshipsTop 25 by value
Scroll horizontally to compare all route fields.
| Rank | Exporter | Importer | Latest trade | 3-year CAGR | 5-year CAGR | 10-year CAGR | Market share | FTA / access | Applied tariff | MFN tariff | Preferential tariff | Tariff advantage | Distance | Historical peak | Latest below peak | Years | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | AustraliaAUS | ChinaCHN | $71.0B | -9.9% | +4.8% | +4% | 44.5% | FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 8,024 km | $97.0B2021 | 26.9% | 30 | Declining |
| 2 | BrazilBRA | ChinaCHN | $22.8B | -9.8% | +6.5% | +4.9% | 14.3% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 18,570 km | $31.0B2021 | 26.6% | 30 | Declining |
| 3 | AustraliaAUS | JapanJPN | $5.0B | -17.4% | -0.4% | -4.5% | 3.1% | FTA reported | 0% | 0% | 0% | +0 pp | 8,156 km | $11.5B2011 | 56.3% | 30 | Rapid decline |
| 4 | AustraliaAUS | Republic of KoreaKOR | $4.9B | -13.3% | +3.2% | -0% | 3.1% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 8,549 km | $7.6B2021 | 34.9% | 30 | Rapid decline |
| 5 | South AfricaZAF | ChinaCHN | $3.6B | -11.3% | +2.8% | -4.8% | 2.3% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,775 km | $8.5B2011 | 57.6% | 25 | Rapid decline |
| 6 | IndiaIND | ChinaCHN | $2.8B | -10.5% | +7.6% | +16.1% | 1.7% | No FTA reported | 0.3% | 0.3% | 0.1% | +0.2 pp | 4,252 km | $8.7B2008 | 68.4% | 30 | Rapid decline |
| 7 | BrazilBRA | JapanJPN | $2.2B | -12.1% | +2.2% | -3.8% | 1.4% | No FTA reported | 0% | 0% | 0% | +0 pp | 18,530 km | $5.2B2011 | 57.3% | 30 | Rapid decline |
| 8 | PeruPER | ChinaCHN | $2.1B | -4.4% | +13.2% | +11% | 1.3% | FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 17,167 km | $2.4B2021 | 12.7% | 30 | Declining |
| 9 | CanadaCAN | ChinaCHN | $1.8B | -10.1% | +10.4% | +4.3% | 1.1% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 11,441 km | $2.4B2021 | 27.2% | 30 | Rapid decline |
| 10 | AustraliaAUS | TaiwanTWN | $1.4B | -17.9% | +0.4% | +0.3% | 0.9% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 7,376 km | $2.6B2021 | 44.7% | 30 | Rapid decline |
| 11 | BrazilBRA | MalaysiaMYS | $1.3B | -14.6% | -0.5% | +10.6% | 0.8% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 15,938 km | $2.1B2021 | 37.6% | 30 | Rapid decline |
| 12 | ChileCHL | ChinaCHN | $1.2B | -18% | +16% | +2.5% | 0.8% | FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 18,861 km | $2.2B2021 | 44.9% | 28 | Rapid decline |
| 13 | UkraineUKR | ChinaCHN | $1.2B | -25.8% | -0.9% | -3.7% | 0.8% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 7,466 km | $3.0B2021 | 59.2% | 22 | Rapid decline |
| 14 | BrazilBRA | BahrainBHR | $1.1B | -14.1% | +11.5% | +15.3% | 0.7% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 11,814 km | $1.7B2021 | 36.6% | 30 | Rapid decline |
| 15 | AustraliaAUS | Viet NamVNM | $1.0B | -10.5% | +16.5% | +183.4% | 0.6% | FTA reported | 0.2% | 0.2% | 0% | +0.1 pp | 6,694 km | $1.4B2021 | 28.3% | 25 | Rapid decline |
| 16 | BrazilBRA | OmanOMN | $986.3M | -7.4% | +7.5% | +2.5% | 0.6% | No FTA reported | 0.1% | 0.1% | Not reported | Not reported | 12,498 km | $1.2B2021 | 20.7% | 15 | Declining |
| 17 | Iran (Islamic Republic of)IRN | ChinaCHN | $975.2M | +43% | +0.4% | -3.2% | 0.6% | No FTA reported | 0.3% | 0.3% | Not reported | Not reported | 6,390 km | $1.8B2013 | 45.7% | 28 | Rapid growth |
| 18 | AustraliaAUS | IndonesiaIDN | $961.9M | +5.1% | +25.4% | +19.9% | 0.6% | FTA reported | 0.2% | 0.2% | 0% | +0.2 pp | 5,202 km | $961.9M2024 | 0% | 30 | Growing |
| 19 | BrazilBRA | Republic of KoreaKOR | $905.9M | -9.1% | +3.2% | -4.9% | 0.6% | No FTA reported | 0.1% | 0.1% | 0.2% | -0 pp | 18,338 km | $2.2B2011 | 59% | 30 | Declining |
| 20 | RussiaRUS | ChinaCHN | $828.0M | -13.4% | +5.8% | +3.2% | 0.5% | No FTA reported | 0.2% | 0.2% | Not reported | Not reported | 6,831 km | $2.2B2011 | 62.8% | 21 | Rapid decline |
| 21 | MauritaniaMRT | ChinaCHN | $803.1M | -8.8% | +8.5% | +2.3% | 0.5% | No FTA reported | Not reported | Not reported | Not reported | Not reported | 12,913 km | $1.1B2021 | 24.2% | 24 | Declining |
| 22 | CanadaCAN | JapanJPN | $785.7M | -10.5% | +2.3% | +5.8% | 0.5% | No FTA reported | 0% | 0% | 0.1% | -0 pp | 10,367 km | $1.1B2021 | 28.2% | 30 | Rapid decline |
| 23 | CanadaCAN | GermanyDEU | $757.5M | -15.7% | +6.1% | +5% | 0.5% | FTA reported | 0.1% | 0.1% | 0% | +0.1 pp | 6,493 km | $1.3B2021 | 40% | 30 | Rapid decline |
| 24 | USA, Puerto Rico and US Virgin IslandsUSA | CanadaCAN | $743.9M | -1% | -0.8% | -2.7% | 0.5% | FTA reported | 0% | 0.1% | 0% | +0 pp | 556 km | $979.2M2014 | 24% | 30 | Stable |
| 25 | Sierra LeoneSLE | ChinaCHN | $737.9M | +64.3% | +117.6% | -6.5% | 0.5% | No FTA reported | 0.3% | 0.3% | 0% | +0.3 pp | 13,494 km | $1.5B2014 | 49.2% | 14 | Rapid growth |
Movement to watch
Growth leaders for HS4 2601
The strongest available three-year growth rates are starting points for research, not forecasts. Compare the calculated rate with each route's reported value, share, and trend. Read the methodology ↗
01Growth leader
Sierra Leone to China
+64.3%calculated 3-year CAGR$737.9M latest value0.5% market shareRapid growth
02Growth leader
Iran (Islamic Republic of) to China
+43%calculated 3-year CAGR$975.2M latest value0.6% market shareRapid growth
03Growth leader
Australia to Indonesia
+5.1%calculated 3-year CAGR$961.9M latest value0.6% market shareGrowing
04Growth leader
USA, Puerto Rico and US Virgin Islands to Canada
-1%calculated 3-year CAGR$743.9M latest value0.5% market shareStable
05Growth leader
Peru to China
-4.4%calculated 3-year CAGR$2.1B latest value1.3% market shareDeclining
Access and tariff context
Compare route access without over-reading one indicator
FTA status, applied tariffs, tariff advantage, and distance are supporting route context. Group averages are calculated from displayed routes and are not tariff recommendations. Check data coverage ↗
9 displayed routes with average calculated growth of -9.4%.
- Average applied tariff
- 0.2%
- Average tariff advantage
- +0.1 pp
16 displayed routes with average calculated growth of -4.2%.
- Average applied tariff
- 0.2%
- Average tariff advantage
- +0.1 pp
Lowest reported applied tariffNo FTA reported
Brazil to Japan
0%Routes with an available applied tariff. Latest route value: $2.2B.
Applied 0%Advantage +0 pp18,530 km
Largest reported tariff advantageNo FTA reported
Sierra Leone to China
+0.3 ppRoutes with an available tariff advantage. Latest route value: $737.9M.
Applied 0.3%Advantage +0.3 pp13,494 km
HS4 indicators
Scale, momentum, and structure in one view
These cards pair reported trade observations with calculated indicators from the available HS4 history. See indicator definitions ↗
Combined reported value across the 25 routes shown.
Calculated annualized change in reported HS4 trade.
Calculated concentration indicators; higher values mean a more concentrated mix.
Calculated variation in annual reported HS4 trade.
Historical peak: $227.2B in 2021. Latest below peak: 29.8%.
30 observed years; 1,249 active corridors, 133 exporters, 135 importers, and 3 HS6 products.
How to read this view
Keep reported scale separate from calculated movement.
Latest trade values describe reported merchandise trade for HS4 2601. Growth, market share, HHI, volatility, and peak comparisons are calculated indicators over the stated coverage period.
FTA status, tariffs, and distance add route context where available. A missing value stays unavailable; it is not treated as zero or a forecast.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). 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.