Chinese Iron Ore Imports by Source
Chinese iron ore imports from Australia rose 22.2% year-on-year to 144.4 Mt in the 1q15, according to data from China Customs. This compares with growth of only 2.3% in total iron ore imports over the same period. Iron ore shipments from Brazil rose 0.5% in the 1q15, to 41.8 Mt, meaning combined Australian and Brazilian imports accounted for 82.0% of cargoes, up from 72.0% in the 1q14. There were year-on-year falls in China's 1q15 iron ore imports from Canada (-45.9% to 2.1 Mt), Iran (-35.6% to 3.7 Mt) and India (-83.2% to 0.6 Mt), while combined cargoes from Mauritania, Liberia and Sierra Leone were down 44.9% at 4.4 Mt.