How much iron ore does India produce and export?
India is the 3rd largest producer of iron ore: 310 million tonnes in 2025, 12% of the world's 2.6 billion tonnes (USGS MCS). It is the nullth largest exporter by value: $2.9 billion in 2024, 1.8% of world exports of iron ore (HS 2601) (CEPII BACI). Its biggest customer is China, which takes 90% of its iron ore exports by value.
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India's iron ore production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 3 | 310 million tonnes | 12% | — | 2025 |
USGS Mineral Commodity Summaries, MCS 2026.
India's iron ore exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| $2.9 billion | 1.8% | 38.4 million t | $77 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 2601 (Iron ores and concentrates).
Where India's iron ore goes
| Destination | Value | Share of India's exports |
|---|---|---|
| China | $2.6B | 90% |
| Indonesia | $87M | 3% |
| Malaysia | $74M | 2.5% |
| Kenya | $43M | 1.5% |
| South Korea | $25M | 0.8% |
India as a buyer of iron ore
Of its $453.8 million of iron ore imports in 2024, 63% came from Australia and 28% from Oman, among 23 suppliers.
The iron ore price India sells into
The benchmark price, 62% Fe fines, CFR China spot, was $97.7/dmtu in September 2026, down 5% over twelve months. Its five-year volatility is 27% a year, calmer in 70% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Iron ore price history.
Cite as: Commodity Origins, "India iron ore: production, exports and prices", https://commodityorigins.com/countries/IND/iron-ore/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.