Brazilian Iron Ore Exports Breakdown

Iron Ore

Of the 28.9 Mt of iron ore Brazil exported in January, 16.2 Mt was shipped to China, up 3.2 Mt year-on-year, according to the Tex Report. There were also smaller increases of 0.3 Mt and 0.7 Mt in exports to Japan and the Middle East, to 2.5 Mt and 1.6 Mt, respectively. By contrast, shipments to Europe fell by 0.4 Mt to a three-month low of 3.9 Mt, and exports to Malaysia dropped by 0.5 Mt to 1.8 Mt.