Material and value flows of iron in Chinese international trade from 2010 to 2016

Li Qiangfeng, Zhong Weiqiong, Wang Gaoshang, Cheng Jinhua, Dai Tao, Wen Bojie, Liang Liang and Yang Qindong

Resources Policy, 2018, vol. 59, issue C, 139-147

Abstract: The study of flows of iron-containing commodities through China can reveal international trade pathways and the processes involved in global iron material flows. This study presents an iron material flow analysis that incorporates all iron-containing commodities, including IEPs (iron-containing end products). We analyzed material and value flows of iron-containing commodities between China and other countries worldwide. The results are as follows. (1) During the period from 2010 to 2016, the total amounts of iron materials imported to and exported from China increased by 224 million tons and 81 million tons, respectively. (2) 90% of the iron material imported by China consisted of iron ore and was imported from Australia and Brazil. More than 98% of the iron material exported from China consisted of rolled steel and IEPs (mainly engineering machinery and land vehicles), and were exported to Japan, South Korea, and the United States. In 2014, the export volume of rolled steel exceeded that of IEPs. (3) China had an international iron trade surplus, which increased from 31 billion USD in 2010 to 272 billion USD in 2016 at an average annual growth rate of 130%. According to this, some suggestions on how to optimize the resource allocation in the industrial chain of iron-containing products and the international trade policy of iron-containing products were put forward.

Keywords: Material flow analysis; Value flow; Iron; International trade; China (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:59:y:2018:i:c:p:139-147

DOI: 10.1016/j.resourpol.2018.06.011

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