Heading · Section V

2601: Iron ores and concentrates, including roasted iron pyrites

2601
  • 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

2601 · US$159.7bn

Trade value (US$) no reported trade < US$4.9mUS$4.9m+US$125.4m+US$1.5bn+> US$6.6bn

Exports: 129
  1. Australia: US$87.4bn
  2. Brazil: US$31.3bn
  3. Canada: US$6.7bn
  4. South Africa: US$6.6bn
  5. India: US$2.9bn
  6. Ukraine: US$2.9bn
  7. Sweden: US$2.6bn
  8. Oman: US$1.8bn
  9. Bahrain: US$1.8bn
  10. Peru: US$1.8bn
  11. Chile: US$1.6bn
  12. Mauritania: US$1.5bn
  13. United States: US$1.3bn
  14. Malaysia: US$1.2bn
  15. Iran: US$1.1bn
  16. Russia: US$1bn
  17. Sierra Leone: US$829m
  18. Kazakhstan: US$782.7m
  19. China: US$602.8m
  20. Mongolia: US$508.5m
  21. Laos: US$480m
  22. Philippines: US$378.2m
  23. Liberia: US$291.4m
  24. Venezuela: US$281.3m
  25. New Zealand: US$277.9m
  26. Türkiye: US$196.2m
  27. Norway: US$192.1m
  28. Germany: US$175.3m
  29. Uzbekistan: US$135.6m
  30. Mexico: US$125.4m
  31. United Arab Emirates: US$97.6m
  32. Myanmar (Burma): US$83.2m
  33. Netherlands: US$82.6m
  34. Pakistan: US$59.2m
  35. Mali: US$42.7m
  36. Honduras: US$40m
  37. Cambodia: US$31m
  38. Uganda: US$30.8m
  39. Trinidad & Tobago: US$29.2m
  40. Romania: US$24.3m
  41. South Korea: US$23.8m
  42. Uruguay: US$22.9m
  43. Thailand: US$22.5m
  44. Switzerland: US$22.2m
  45. Guinea: US$20.8m
  46. Saudi Arabia: US$20.2m
  47. Egypt: US$18.5m
  48. France: US$13.6m
  49. Fiji: US$13m
  50. Bolivia: US$12.7m
  51. Hungary: US$12.2m
  52. Libya: US$7.9m
  53. Hong Kong SAR China: US$7.7m
  54. Mauritius: US$7.3m
  55. Spain: US$7m
  56. Qatar: US$5.7m
  57. Algeria: US$5.1m
  58. Finland: US$5m
  59. Belgium: US$4.9m
  60. Argentina: US$4.8m

Top exporters

RankCountryValueShare
1 Australia US$87.4bn 54.8%
2 Brazil US$31.3bn 19.6%
3 Canada US$6.7bn 4.2%
4 South Africa US$6.6bn 4.2%
5 India US$2.9bn 1.8%
6 Ukraine US$2.9bn 1.8%
7 Sweden US$2.6bn 1.6%
8 Oman US$1.8bn 1.1%
9 Bahrain US$1.8bn 1.1%
10 Peru US$1.8bn 1.1%

Top importers

RankCountryValueShare
1 China US$112.6bn 70.5%
2 Japan US$8.5bn 5.3%
3 South Korea US$7.8bn 4.9%
4 Netherlands US$3bn 1.9%
5 Taiwan US$2.2bn 1.4%
6 Malaysia US$2.1bn 1.3%
7 Germany US$1.7bn 1.1%
8 Indonesia US$1.5bn 0.9%
9 Vietnam US$1.5bn 0.9%
10 Egypt US$1.4bn 0.9%

Legal notes

Notes

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).