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Revenue by destination and product (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue [abstract]  
Consolidated sales revenue by destination and non-current assets other than excluded items Consolidated sales revenue by destination(a)
2023
%
2022
%
2021
%
2023
US$m
2022
US$m
2021
US$m
Greater China (includes Taiwan)
59.6
54.3
59.7
32,193
30,172
37,878
United States of America
13.9
15.9
12.6
7,516
8,823
8,012
Asia (excluding Greater China and Japan)
7.2
7.1
6.9
3,881
3,937
4,415
Japan
6.9
7.4
7.9
3,727
4,091
5,012
Europe (excluding UK)
5.3
6.5
5.2
2,859
3,618
3,271
Canada
2.9
3.1
2.6
1,588
1,743
1,677
Australia
1.7
1.9
1.8
923
1,047
1,122
UK
0.1
0.3
0.4
81
182
243
Other countries
2.4
3.5
2.9
1,273
1,941
1,865
Consolidated sales revenue
100
100
100
54,041
55,554
63,495
(a)Consolidated sales revenue by geographical destination is based on the ultimate country of the product's destination, if known. Where the ultimate destination is not known, we have defaulted to
the shipping address of the customer. Rio Tinto is domiciled in both the UK and Australia.
The total of non-current assets other than excluded items is shown by location below.
2023
US$m
2022
US$m
Restated(b)
Australia
31,419
31,674
Canada
15,362
14,472
Mongolia
14,172
12,872
United States of America
7,171
6,441
Africa
3,412
2,945
South America
3,624
3,317
Europe (excluding UK)
165
245
UK
132
136
Other countries
1,254
1,159
Total non-current assets other than excluded items
76,711
73,261
Non-current assets excluded from analysis above:
Deferred tax assets
3,624
2,796
Other financial assets
481
406
Quasi-equity loans to equity accounted units(a)
14
—
Receivables and other assets
1,209
1,338
Total non-current assets per balance sheet
82,039
77,801
(a)Allocation of non-current assets by country is based on the location of the business units holding the assets. It includes investments in equity accounted units totalling US$4,393 million (2022:
US$3,298 million) which represents the Group’s share of net assets excluding quasi-equity loans shown separately above.
(b)Comparative information has been restated to reflect the adoption of narrow-scope amendments to IAS 12. Refer to page 166 for details.
Consolidated sales revenue by product We have sold the following products to external customers during the year:
2023
Revenue from
contracts
with
customers
US$m
Other
revenue(a)
US$m
Consolidated
sales revenue
US$m
Iron ore
33,383
389
33,772
Aluminium, alumina and bauxite
12,039
(63)
11,976
Copper
3,219
(1)
3,218
Industrial minerals (comprising titanium dioxide slag, borates and salt)
2,806
(8)
2,798
Gold
470
6
476
Diamonds
444
—
444
Other products and freight services(b)
1,360
(3)
1,357
Consolidated sales revenue
53,721
320
54,041
2022
2021
Revenue from
contracts
with customers
US$m
Other
revenue(a)
US$m
Consolidated
sales revenue
US$m
Revenue from
contracts
with customers
US$m
Other
revenue(a)
US$m
Consolidated
sales revenue
US$m
Iron ore
33,068
(267)
32,801
42,992
(796)
42,196
Aluminium, alumina and bauxite
13,955
(165)
13,790
12,336
103
12,439
Copper
3,276
(80)
3,196
3,229
96
3,325
Industrial minerals (comprising titanium dioxide slag, borates and salt)
2,685
(16)
2,669
2,114
3
2,117
Gold
564
9
573
1,075
2
1,077
Diamonds
816
—
816
501
—
501
Other products and freight services(b)
1,710
(1)
1,709
1,837
3
1,840
Consolidated sales revenue
56,074
(520)
55,554
64,084
(589)
63,495
(a)Consolidated sales revenue includes both revenue from contracts with customers, accounted for under IFRS 15 “Revenue from Contracts with Customers”, and subsequent movements in
provisionally priced receivables, accounted for under IFRS 9, and included in “other revenue” above.
(b)“Other products and freight services” includes metallic co-products, molybdenum, silver and other commodities.