Heading · Section V
2601: Iron ores and concentrates, including roasted iron pyrites
- FreeUK
- FreeEU
- 5%Türkiye
- FreeUSA
- US$159.7bnWorld trade in 2024
3 subheadings make up heading 2601 in chapter 26 (ores, slag and ash).
In the UK Global Tariff, heading 2601 covers 3 tariff lines and the duty is duty-free.
The EU Combined Nomenclature divides heading 2601 into 3 tariff lines; the duty is duty-free.
In the Turkish Customs Tariff Schedule, heading 2601 covers 3 tariff lines and the statutory rate is 5%.
The Harmonized Tariff Schedule of the United States divides heading 2601 into 3 tariff lines; the duty is duty-free.
World trade in heading 2601 goods reached US$159.7bn in 2024, down 5.5% on 2023.
Australia was the largest exporter with 54.8% of the total, ahead of Brazil.
China imported the most (US$112.6bn).
The United Kingdom ranked 66th among 129 exporters with US$1.9m.
The United Kingdom imported US$480m.
Duty rates compared
The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.
Subheadings 3
World trade in 2024
Trade value (US$) no reported trade < US$4.9mUS$4.9m+US$125.4m+US$1.5bn+> US$6.6bn
Exports: 129
- Australia: US$87.4bn
- Brazil: US$31.3bn
- Canada: US$6.7bn
- South Africa: US$6.6bn
- India: US$2.9bn
- Ukraine: US$2.9bn
- Sweden: US$2.6bn
- Oman: US$1.8bn
- Bahrain: US$1.8bn
- Peru: US$1.8bn
- Chile: US$1.6bn
- Mauritania: US$1.5bn
- United States: US$1.3bn
- Malaysia: US$1.2bn
- Iran: US$1.1bn
- Russia: US$1bn
- Sierra Leone: US$829m
- Kazakhstan: US$782.7m
- China: US$602.8m
- Mongolia: US$508.5m
- Laos: US$480m
- Philippines: US$378.2m
- Liberia: US$291.4m
- Venezuela: US$281.3m
- New Zealand: US$277.9m
- Türkiye: US$196.2m
- Norway: US$192.1m
- Germany: US$175.3m
- Uzbekistan: US$135.6m
- Mexico: US$125.4m
- United Arab Emirates: US$97.6m
- Myanmar (Burma): US$83.2m
- Netherlands: US$82.6m
- Pakistan: US$59.2m
- Mali: US$42.7m
- Honduras: US$40m
- Cambodia: US$31m
- Uganda: US$30.8m
- Trinidad & Tobago: US$29.2m
- Romania: US$24.3m
- South Korea: US$23.8m
- Uruguay: US$22.9m
- Thailand: US$22.5m
- Switzerland: US$22.2m
- Guinea: US$20.8m
- Saudi Arabia: US$20.2m
- Egypt: US$18.5m
- France: US$13.6m
- Fiji: US$13m
- Bolivia: US$12.7m
- Hungary: US$12.2m
- Libya: US$7.9m
- Hong Kong SAR China: US$7.7m
- Mauritius: US$7.3m
- Spain: US$7m
- Qatar: US$5.7m
- Algeria: US$5.1m
- Finland: US$5m
- Belgium: US$4.9m
- Argentina: US$4.8m
Trade value (US$) no reported trade < US$1.7mUS$1.7m+US$453.8m+US$1.1bn+> US$3bn
Imports: 121
- China: US$112.6bn
- Japan: US$8.5bn
- South Korea: US$7.8bn
- Netherlands: US$3bn
- Taiwan: US$2.2bn
- Malaysia: US$2.1bn
- Germany: US$1.7bn
- Indonesia: US$1.5bn
- Vietnam: US$1.5bn
- Egypt: US$1.4bn
- Bahrain: US$1.4bn
- Saudi Arabia: US$1.1bn
- Oman: US$1bn
- Türkiye: US$923.7m
- Algeria: US$857.5m
- France: US$806.5m
- Canada: US$776.4m
- United States: US$737.9m
- Mozambique: US$676.1m
- Belgium: US$590.5m
- Argentina: US$587.5m
- United Arab Emirates: US$565.6m
- Spain: US$521.3m
- Poland: US$513.5m
- Qatar: US$492.7m
- Philippines: US$492m
- Slovakia: US$483.8m
- United Kingdom: US$480m
- Austria: US$465.3m
- India: US$453.8m
- Finland: US$401.9m
- Italy: US$393.6m
- Russia: US$379.6m
- Libya: US$330.3m
- Trinidad & Tobago: US$271.1m
- Czechia: US$229.5m
- Mexico: US$229.5m
- Romania: US$187.2m
- Singapore: US$170.8m
- Serbia: US$150.4m
- Australia: US$131.8m
- Slovenia: US$123.2m
- Uruguay: US$91.1m
- Kenya: US$82.1m
- Hong Kong SAR China: US$81.5m
- Switzerland: US$70m
- Chile: US$28.2m
- Croatia: US$14.8m
- Cape Verde: US$13.8m
- Sweden: US$13.3m
- Norway: US$8.7m
- Denmark: US$5.1m
- Kyrgyzstan: US$4.8m
- Brazil: US$3.8m
- Nepal: US$2.9m
- Iceland: US$2.1m
- Greece: US$2.1m
- Paraguay: US$1.9m
- Thailand: US$1.7m
- Luxembourg: US$1.7m
Top exporters
| Rank | Country | Value | Share |
|---|---|---|---|
| 1 | US$87.4bn | 54.8% | |
| 2 | US$31.3bn | 19.6% | |
| 3 | US$6.7bn | 4.2% | |
| 4 | US$6.6bn | 4.2% | |
| 5 | US$2.9bn | 1.8% | |
| 6 | US$2.9bn | 1.8% | |
| 7 | US$2.6bn | 1.6% | |
| 8 | US$1.8bn | 1.1% | |
| 9 | US$1.8bn | 1.1% | |
| 10 | US$1.8bn | 1.1% |
Top importers
| Rank | Country | Value | Share |
|---|---|---|---|
| 1 | US$112.6bn | 70.5% | |
| 2 | US$8.5bn | 5.3% | |
| 3 | US$7.8bn | 4.9% | |
| 4 | US$3bn | 1.9% | |
| 5 | US$2.2bn | 1.4% | |
| 6 | US$2.1bn | 1.3% | |
| 7 | US$1.7bn | 1.1% | |
| 8 | US$1.5bn | 0.9% | |
| 9 | US$1.5bn | 0.9% | |
| 10 | US$1.4bn | 0.9% |
Legal notes
Notes
1. This chapter does not cover:
(a) slag or similar industrial waste prepared as macadam (heading 2517);
(b) natural magnesium carbonate (magnesite), whether or not calcined (heading 2519);
(c) sludges from the storage tanks of petroleum oils, consisting mainly of such oils (heading 2710);
(d) basic slag of Chapter 31;
(e) slag wool, rock wool or similar mineral wools (heading 6806);
(f) waste or scrap of precious metal or of metal clad with precious metal; other waste or scrap containing precious metal or precious-metal compounds, of a kind used principally for the recovery of precious metal (heading 7112 or 8549); or
(g) copper, nickel or cobalt mattes produced by any process of smelting (Section XV).
2. For the purposes of headings 2601 to 2617, the term ‘ores’ means minerals of mineralogical species actually used in the metallurgical industry for the extraction of mercury, of the metals of heading 2844 or of the metals of Section XIV or XV, even if they are intended for non-metallurgical purposes. Headings 2601 to 2617 do not, however, include minerals which have been submitted to processes not normal to the metallurgical industry.
3. Heading 2620 applies only to:
(a) slag, ash and residues of a kind used in industry either for the extraction of metals or as a basis for the manufacture of chemical compounds of metals, excluding ash and residues from the incineration of municipal waste (heading 2621); and
(b) slag, ash and residues containing arsenic, whether or not containing metals, of a kind used either for the extraction of arsenic or metals or for the manufacture of their chemical compounds.
Products classified here
Questions and answers
What is the HS code for iron ores and concentrates, including roasted iron pyrites?
Iron ores and concentrates, including roasted iron pyrites fall under HS heading 2601, part of chapter 26, in section V of the Harmonized System.
What is the import duty on iron ores and concentrates in the UK?
Under the UK Global Tariff, imports under 2601 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.
What is the import duty on iron ores and concentrates in the EU?
Under the EU Combined Nomenclature, imports under 2601 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.
Which country exports the most iron ores and concentrates?
Australia, with US$87.4bn in 2024 (54.8% of world exports).